Castle Croft Drive, Sheffield S2 with 7.1% Yield
At £160,000 this new build property is very reasonably priced and should be of particular interest to buy-to-let investors.
Castle Croft Drive is a road that we are very familiar with given that we currently manage a property on this road. The property we manage is very similar to this property and we achieve £950pcm for this particular property, I would expect this property to achieve the same monthly rent. At £950pcm and at the asking price, the rental yield is 7.1%, which is a brilliant yield considering no further work is required.
New build properties are particularly popular on the lettings market, so if this property was to be advertised during the summer at £950pcm, I would expect this property to let very quickly.
Maintenance issues are often much less common with new build properties and even when there are issues, the warranty will usually cover this.
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