Charnock Hall Road, Gleadless S12 with 6% Yield
Although certainly in need of modernisation, this three bedroom semi-detached house is a fantastic price as far as buyers are concerned.
The property briefly comprises of a living room and kitchen on the ground floor. All three bedrooms and the bathroom are on the first floor.
Throughout the property is really old-fashioned, so will need to be modernised, which will include a new kitchen and bathroom, redecorating throughout and new carpets.
Externally there is a very pleasant garden to the rear, a front garden and a driveway to the side of the property, which leads to the detached garage.
Once modernised, I would anticipate this property achieving £650pcm, this would generate a yield of 6% exactly. This does not take into account the cost of the works to modernise the property, but even so, I would expect a lot of interest from buy-to-let investors.
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