Whitecroft Works, Furnace Hill, Sheffield City Centre S3 with 7.5% Yield
This two bedroom apartment located in a very popular development is the cheapest two bedroom apartment in the city centre!
This property is already tenanted at a monthly rent of £625pcm, which generates a yield of 7.5%, which is an excellent yield and I feel that the monthly rent of £625pcm can be improved upon, £650pcm would not be unrealistic for a two bedroom apartment of this quality and size in the development.
The property comprises of an open plan kitchen and living area which faces Furnace Hill, there are two good size double bedrooms and bathroom which has a spate bath and shower. The property has been well maintained and has had the fortune of having very good tenants in the past few years. A new boiler has recently been fitted within the past 12 months.
Although on the ground floor, this property has always been very popular on the lettings market, so I feel this property would make an ideal arm-chair investment.
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