Carter Knowle, Sheffield S7 with 6% Return
Newly listed in the ever desirable area of Carter Knowle, a two bedroom semi-detached property for sale at Â£120,000. The property has a grand front garden to greet you on arrival with a spectacularly sized back garden to compete.
Priced very reasonably I would expect this property to sell fairly quickly, taking into account the good area and schools.Â
The asking price is by no means greedy and will attract sensible offers from serious buyers. The interior of the property is very large and would comfortably re-home a family looking to add their own touch to the place.
The property would also make an ideal investment for a landlord looking to make some cash, I would estimate that this property could achieve up to Â£600 pcm if offered on a fully furnished basis. This then gives the owner a yield of 6% which is definitely generous for a property not in the city centre.Â
At a push, you could achieve Â£625pcm however I would expect that the landlord would need to spend some money on the property to make it more tenant friendly.Â
Based on the above, I think this a property is an ideal buy whether youâ€™re looking for somewhere to call home or rent out.