Gleadless Valley, Sheffield S14 with 9.2% Yield
New to the market, this property is small in size but large returns on offer! This three bedroom house on Blackstock Road could easily achieve Â£500pcm as the area is incredibly popular for rentals at the moment. A very small amount of money would need to be spent on this property as most rooms on offer are in a suitable condition as they are. At a push, the new owners may want to consider replacing the carpets and re-painting the property in a neutral colour however I feel it is not absolutely essential for this property.
There are similar properties on the market that achieve around Â£500pcm which I believe are of the same quality so this particular property would have no problem achieving the same. The return could be a staggering 9.2% yield if purchased for asking price and rented out for Â£6,000 annually. As mentioned, the return on this property is exceptional and the opportunity should definitely be seized to have a look at investing into this property if a good yield is what youâ€™re after, even if you have to carry out some remedial works beforehand!