Bishops Lodge, Sheffield City Centre. 5.4% Yield
Offered for sale for an overpriced Â£120,000 is a ground floor property at Bishops Lodge.Â
The property is small and outdated but still unique in its layout. The property can expect to achieve up to Â£540pcm therefore giving you a low yield of 5.4%
The building is an average condition however it is conveniently located just off West Street so does get plenty of interest for renting.Â
The service charge is similar to buildings nearby that have much more advanced security systems.
Iâ€™d advise you to not only view the property, but view the whole of the building to ensure that you make the best decision when submitting offers.Â