Beighton, Sheffield S20 with 6.6% Return
The phrase â€˜ideal first time buyâ€™ seems to used for every two bedroom house in affordable areas these days, but this property certainly seems to tick all the boxes for first time buyers.
This property has just been renovated and some important changes have been made. The majority of houses on this row have a yard at the front of the property, which is usually redundant and a nuisance to maintain. The owner of this property has made this into a drive, so the rear is now used as a garden.
Rather than having a dining room, there is a large kitchen and a utility room, which will be preferable to most buyers.Â
There seems to be nothing that needs to be done, the property is neutrally decorated throughout, so you will just need to add your personal touches.
I expect this property to sell quickly and at asking price, if not very close to.
If bought as an investment, I would be confident of achieving Â£550, meaning if purchased at asking price you would be looking at a yield of around 6.6%, which considering there will be no service charge to pay is not too bad.