City Point, Sheffield City Centre, S1 with 7.5% Return
This is a fantastic â€˜arm-chair investmentâ€™.
Properties in City Point or Velocity Village as it is otherwise known as, are very popular on the rental market, particularly between June and October.
At the moment this property has a tenancy secured until July at Â£585pcm, which equates to a yield of 7.3% assuming asking price is agreed. This is already a fantastic yield, but I still think there is room for this to be improved. From this July I believe a rent of Â£600pcm could be achieved, this would mean an improved yield of 7.5%!
It is important to remember there are additional costs with the service charge and ground rent with these apartments, but even so, this promises to be a fantastic investment.
This particular development and the immediate area surrounding it is very popular amongst students, particularly international students.