Endcliffe, Sheffield S10 with 8.77% Yield
The S10 postcode is a very desirable area and often very popular with renters. As such the rent tends to be higher than most areas of Sheffield. This property should achieve Â£475pcm, whereas in other areas of Sheffield the average is often between Â£400pcm and Â£450pcm.
At asking price and at Â£475pcm, the rental yield would be a fantastic 8.77%. There will be service charge and grand rent to consider, but for a one bedroom apartment in this building, I would not expect the service charge and ground rent to exceed Â£700 per annum. The yield taking this into account would still be 7.69%.
Â£65,000 does seem a low price in this area. Whilst this property is not the most modern, there doesnâ€™t appear to be any work that needs to be done. The bathroom and the kitchen are both basic, but do appear relatively new and work well in rented accommodation. Â
This area has been popular for decades and this is unlikely to change anytime soon.
It seems this property has been priced to sell quickly so if this is a property that interests you, act fast!