Crosspool, Sheffield S10 with 5% Return
This house would make a perfect first time buy and would also be a good investment.
Crosspool is very much sought after so naturally house prices in this area are higher than average in Sheffield.
Crosspool is only a short drive into the city centre, likewise to the countryside, which is why this village is so popular.
From an investment point of view, this property would achieve a monthly rent of Â£575, which means that if purchased at asking price the rental yield would be just short of 5%, which is considered average.
The type of tenant attracted by this property would be professional, usually a young couple and may well have a small child.Â From experience, tenants in this area do take care of rented properties and it is very rare that you have problems with tenants in Crosspool.
The property itself is in a good condition and would be ready to move in straight away without having to spend any money.
In summary, this property is more suited to owner occupiers, but should certainly be considered as an investment if youâ€™re keen to have good quality tenants and rental return isnâ€™t your main factor.