Jet Centro, St Marys Road, Sheffield, S2 with 7.1% Yield
Located in a very popular development in the city centre, this large studio apartment is likely to be very popular with an asking price of £80,000.
Buyers are sometimes put off by studio apartments as the bedroom area is often right in front of the kitchen area, so essentially it can feel as you are sleeping in the same place as you are cooking. This apartment however, has the advantage of having the bedroom area separated from the kitchen area, so has more of a one bedroom apartment feel to it. This property is generally much larger than your average studio apartment.
On the rental market, I would expect this property to achieve £475pcm, which would generate a yield of just over 7.1%, which considering that there is no work required is a fantastic yield.
With all apartments in developments, such as Jet Centro, it is always important to consider the service charge and ground rent, which will inevitably affect the yield.
As always, if you are an investor in the Sheffield property market and would like a second opinion on a property you have seen, then send the URL of the properties you have seen online over. Or if you would like to pop in and have a chat, then you can either email on firstname.lastname@example.org or call on 0114 201 4325. The kettle is always on and we will even pull out the posh biscuits!
Don’t forget to visit the links below to view back dated deals and Sheffield Property News.
Sheffield Property To Let, For Sale Facebook: https://www.facebook.com/groups/1488435804820115
Sheffield Talk Facebook: https://www.facebook.com/SheffieldTalk
Get your FREE NO OBLIGATION, INSTANT Sales or Lettings Property Valuation: