Bowness Road, Sheffield S6 with 7% Yield
This property is a fine example of a buy-to-let investment at a very affordable price.
This property is not in a particularly poor condition, but it would certainly benefit from a bit of TLC. The bathroom does stand out as needing some work, the kitchen also looks as though it has seen better days.
The size of this property is perfectly acceptable, with two double bedrooms and a smaller single bedroom. There are two larger reception rooms, a kitchen and a downstairs bathroom.
On the rental market in its current condition a rental amount of £525pcm would be expected, this would equate to a yield of 7% although if improved a rent as high as £600pcm could be achieved, this would equate to a much improved yield of 8%, but this does not take into account the cost to renovate the property.
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