Hollybank Drive, Sheffield S12 with 6% Yield
This three bedroom semi-detached house looks to be a fantastic price at Â£120,000.
With the low asking price, it is not a surprise that there are areas of improvement with this property. The kitchen in this property does appear dated, but with new kitchen units this could easily be rectified. The living room has an old-fashioned fireplace, but apart from this the other aspects in this room are all satisfactory. All the bedrooms look to require redecoration, but again nothing too drastic. The bathroom looks relatively modern and in good condition, which is a bonus. Another selling point for this property would be the lovely rear garden.Â
From an investment perspective, this property could achieve Â£600pcm if modernised, which would mean a yield of 6%, which is very good yield considering there will be no service charge and ground rent to pay. Although this does not take into account the money needed to modernise the property, so a yield of around 5.8% is more probable, which is still very good.
Intake is very popular. By no means are you within walking distance from the city centre, but to drive would only take 10 minutes. There are regular direct buses from Intake to the city centre and other popular destinations such as Crystal Peaks.