Bells Court, Sheffield City Centre with 8.1% Return
There is a brand new development being built in Sheffield City Centre and I have done some research on it.
Situated next to the already established Mandale House sits a block full of studio apartments, Bells Court.Â
A brand new studio in this development could attract a monthly rent of Â£475 and would be likely to be very popular and therefore rent quickly.
If you were to buy one of these at the asking price, you would be looking at a yield of Â 8.1% which I am sure youâ€™ll agree is very healthy!
Purchasing any new build always carries a slight risk as you never know the popularity as much as you can with already established developments but the numbers for this one certainly make for pleasant reading.