Chapel West, Sheffield S3 investment with 6.68% rental yield
Listed only 2 days ago, is this Chapel West two bedroom apartment.
City centre properties with character are hard to come by, so I was pleasantly surprised when I came across Chapel West.
Formerly a chapel this building has been converted into a residential building. This particular apartment has been fitted out to a very high standard, but still has original features, which is a real selling point.
An expected rent of Â£900 would mean a yield of approximately 6.5%, which is below what is considered good. This is assuming you purchased at asking price, which often does not happen, if purchased at Â£5000 lower than asking price the yield would be an improved 6.68%.
If you are looking to buy to live in. This would certainly be a property I would consider, unlike many other city centre apartments, floor space is in abundance, this is something I think is key when buying to live in.