Clarence Court, Sheffield, S6 with 7.8% Yield
The S6 postcode is one of the most renowned in Sheffield for hot rental properties and this apartment looks like it may be the perfect example.
Having only recently been constructed, the fact that there are no internal photographs shouldn’t be too much of a worry. I don’t imagine much more than a lick of paint and some new carpets would be required, it may be that this property has just been neglected a little.
Properties such as this are extremely popular when available to rent and this would be no exception in the right condition. If purchased by a buy to let investor and added to the market for rent, a monthly rent of £525 would be achievable. This would equate to a yield of 7.8%, which is exceptional.
Because of the attractive asking price, I expect this property to sell fairly quickly so investors would be advised to act fast if this is something of interest.