City Road, Sheffield S2 with 6.5% Return
The infamous City Road in Sheffield is very highly populated with rental properties so itâ€™s set to be no surprise that there is likely to be a lot of early interest in this property that has just been advertised by Reeds Rains.
Terraced houses on City Road are all very similar and are extremely spacious and this particular three bedroom property has a very nice kitchen, bathroom and large garden already so there is little, if any, work required from any buy to let purchaser.
This house has an excellent kerb appeal and what looks to be a south facing garden so will already be attracting interest from prospective buyers whether they be buying to live in or to invest. Any investor purchaser would enjoy a monthly rent of approximately Â£600 and it would attract students or professionals so would be a fairly easy let. This would result in a yield of 6.5%.
I expect interest to generate quite quickly on this property as few properties offer as much space for as little money in such a sought after rental area.