City Point, Sheffield City Centre S1 with 7.1% Yield
A superb Sheffield city centre investment on offer in the very popular development City Point is sure to attract lots of interest from investors!
With an asking price of Â£99,950 I would expect there to be lots of interest any many viewings on this property in a short space of time. This is a good price for a one-bedroom city centre property with rental income of Â£575pcm, the yield with this property if purchased for full asking price is 6.9%.
This is not a bad yield to be had however I would anticipate that the rent could be increased to Â£595pcm at least come the summer of 2016. This would boost the yield to a healthy 7.1% and would make the property an even better investment.
All in all, I would definitely put this property forward as a high contender for an investment property, this belter is well worth a look.