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.
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