Homestead Road, Sheffield S5 with 7.6% Yield
This property is a real steal at £75,000.
Often, with such a low asking price, you may expect a property to require a lot of work, this does not seem to be the case, other than a few cosmetic changes, there is not an awful lot of work required at all. I would suggest a lick of paint throughout with neutral colours, perhaps new carpets and the garden does look rather untidy.
The size of this property is very impressive, with a huge lounge, dining kitchen, two very large double bedrooms and a smaller single bedroom.
On the lettings market, this property should comfortably achieve £475pcm, which generates a yield of 7.6%, an absolutely brilliant yield.
Properties in Parson Cross do often attract a lot of interest from tenants in receipt of DSS, but we have had very positive experiences of letting properties in this area and with such high yields and such low asking prices, a lot of investors are likely to be very interested.
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