Eckington, Sheffield S21 with 7% Yield
A modest size property available to purchase for a good price in Eckington with a guide price of only Â£95,000. This property certainly makes for a good family home whether that be to first time buyers or somebody looking to rent.
The property has more than enough space on offer and for the price, this should certainly be one to consider if youâ€™re interested in the S21 postcode.
The yield for this property based on the assumption that the property will sell for Â£93,000 and a monthly rental income of Â£550 is achieved would be 7% which is spot on for an investment property.
The demand for two bedroom terraced houses in the Eckington area is very high and seen as though many people cannot afford to buy, renting is their only option. This particular property is priced lower than most within S21 (the prices tend to fluctuate dependant on the agent thatâ€™s advertising, it is often a case of â€˜trying your luckâ€™).
Â I feel this particular property will do well on the sales market, properties in S21 are very popular and in demand and with a lower end asking price it is sure to be snapped up shortly.