Atlantic Crescent, Sheffield, S8 with 6.3% Yield
S8 has become a very popular postcode in recent years, it is now up there with S10, S11 and S6.Â
However, Lowedges is not as popular as other areas in this postcode such as Woodseats and Meersbrook. Â This is due to the distance from the city centre with Woodseats and Meersbrook very much on the outskirts of the centre, but Lowedges being further out.
The more popular the area is the higher the price. This property is advertised at Â£95,000, whereas a property of the same size and quality in Woodseats would sell for over Â£120,000.
This property appears modern throughout, spacious and has a garden, which is what buyers look for. I feel Â£95,000 is a fair price for this property and would expect it to sell in a reasonable time frame.
In summary, my advice would be not to be distracted by the postcode, focus on transport links, local amenities and schools.
This is not the sort of property I would advise someone to buy to let, you would only achieve about Â£500pcm, which would mean a rental yield of 6.3%. This certainly seems to be a property you would buy to live in.