Fox Hill Close, Sheffield S6 with 7.7% Yield
This one bedroom property is another fine example of an ideal investment for someone who is new to the buy-to-let investment game.
Given the low asking price and that there is a current tenancy in place achieving £420pcm, this property guarantees a very healthy yield of approximately 7.2%.
I do feel that the current rent of £420pcm could be improved to £450pcm in line with similar rental properties in this area, this would generate an even more impressive yield approximately 7.7%!
The property itself is in a very good condition and requires no further work and also benefits from having an allocated parking space.
The service charge and ground rent are very reasonable at just £300 and £50 per annum respectively.
The S6 postcode is a very popular location, so with such a low asking price, it is difficult to see this property staying on the market for long.
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