Dovercourt Road, Sheffield S2 with 6.5% Yield
Houses on Dovercourt Road donâ€™t come available for rent very often because, when they do, people are keen to rent them and remain in them for as long as possible. I have experience of tenants residing in a house on Dovercourt Road for what is now their fifth year and they look set to remain in there for the foreseeable future.
As a result of the above, when these houses are advertised for sale, investors have their heads turned. After all, the dream for a landlord is to have long term and reliable tenants.
This particular property appears very well looked after and is presented very well so it will naturally attract interest from purchasers initially and then potential tenants if purchased by a buy to let investor.
When looking at the figures, this property would achieve somewhere in the region of Â£625pcm so with a guide price of Â£115,000, a yield of 6.5% is available. A guide price is just that, a guide, so there is every chance that a cheeky offer would be accepted and therefore a greater yield achieved.
With this house already having been extended and offering a modern, quirky lifestyle, I do not expect to see this property on the market for long. Itâ€™s set apart from competing properties on this and neighbouring streets due to size, plot location and internal appearance so is a ready made buy for someone looking for a quick and easy return.