Beeches Bank, Norfolk Park S2 with 7% Yield
This newly listed property at Beeches Bank, Norfolk Park is advertised for sale with Reeds Rains City Living and is sure to attract attention from first time buyers and investors!
This property would make a lovely first home for a young couple as there is plenty of space and I feel that the price is just right. The vendorsâ€™ asking price is not too greedy and a great deal could be had here.
The property is immaculately presented and has been designed for somebody to move straight into, without lifting a finger. I would expect a property like this to achieve up to Â£650pcm in rent therefore giving you a generous yield of 7%.
I generally see that house prices are a little lower under the S2 postcode. S2 covers a huge amount of Sheffield edging its way into the city centre and more neglected and less sought after areas such as Arbourthorne. That said however, the area is becoming more desirable as it appears that the council are starting to inject a bit of cash into the area to regenerate. Â
I am also finding that popularity is growing in Norfolk Park because of the city centre rental increase, many are now unable to afford city centre properties. The location is ideal for access to University and the train station with a tram stop only a few minutesâ€™ walk.
If you have the chance to purchase a property in S2, I suggest you do your research on the specific area the property is in, check out the local council website to see if there any works scheduled to take place and research local crime rates.