The Crossways, Sheffield S2 with 8.2% Yield
Investors look no further! Whilst this property may need a little TLC, the potential is great and a good yield is easily achievable given the low asking price. If a mere £10,000 were spent on the property, I think it is perfectly reasonable to expect an additional £10,000 in return if re-sold.
£70,000 is a relatively low asking price even for S2 so I would expect this property to be purchased by an investor as the potential return is excellent. When you take a look throughout the property it is clear there is a vast amount of space to work with potentially making this into a really super property to live in. On the rental market, I would expect this property to achieve £550pcm generating a yield of 8.2% after the £10K has been spent, this is an incredibly generous yield and well worth an investors time and money in the long run. The property is located not too far from the centre of Sheffield and is close by the parkway making this an ideal spot for those who commute.
The property is situated in an area that is highly populated by renters so this would be a more than ideal area to look at purchasing a buy-to-let property.
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