Firvale, Sheffield S4 with 8.5% Yield
Advertised earlier today by Blundells is this 3 bed terraced house in Firvale.
Whilst this property is extremely outdated, the rental demand for an area such as this one is incredibly high.
For sale at a bargain price of Â£70,000 the yield potential could be staggering 8.5% with average rent achieving Â£500pcm.
What must be taken into consideration is the property will rent in its current condition however the lower the standard of the property, the lower quality of tenants you will attract.
Whilst spending a small amount of money on the property to bring it up to date would be beneficial, the hassle involved is probably not worth it in the long run. The property will rent in its current condition, you just need to be prepared to accept a lesser desirable clientele.