Handsworth, Sheffield S9 with 7% Return
This property really does seem to be a bargain.
Handsworth is a great affordable location for bringing up a family and with good transport links and easy access to the motorway is great for professionals.
No work appears to be needed to this property and it is ready to move into straight away, making it an easy investment.
This property would comfortably let for Â£525pcm, meaning that if purchased at asking price, the rental yield would be a very impressive 7%. Bearing in mind there is no service charge to consider, a property with this yield should attract a lot of interest. There is a very small ground rent to pay which is only Â£2.51 per annum.
With the large enclosed rear garden and conservatory, on the rental market this property will attract small families. There is not an abundance of properties of this quality with a large garden, so the demand is likely to be high, which is why I think Â£525pcm should be comfortably achieved.
I do not expect this property to be on the market for long given the asking price, so I would certainly advise you to make a sharp offer of the asking price.