Hyde Park Walk, Sheffield, S2 with 7.2% Yield
Located just on the outskirts of the city centre, this two bedroom property promises to be a brilliant investment.
The property itself is a little bit dates, but still in a decent condition. To modernise this property would be relatively straight forward and could be done at a minimal cost.
In its current condition, this property would achieve in the region of £450pcm-£475pcm, which would equate to a yield of between 7.2% and 7.6%, which are fantastic yields. If modernised, this property could achieve £500pcm, with the associated costs to modernise the property, the yield is likely to be around 7.7%, so making these improvements in my opinion, would definitely be beneficial.
There will be a ground rent and service charge to consider, but even so, this property is still likely to be very popular amongst investors.