Cracknell, Millsands, Sheffield, S3 with 6.4% Yield
On the edge of both the city centre and Kelham Island, this property is in a prime location.
The property comprises of an entrance hall, lounge/diner which is open-plan with the kitchen, two bedrooms and a bathroom.
The condition of this property is good and would be able to move into straight away.
On the rental market, this property could achieve up to £750pcm, which would generate a yield of just under 7%, but even at a rent of £700pcm, which would be much easier to achieve, the yield would be 6.4%.
With all apartments in developments such as this, there is a service charge and ground rent to consider with this property.
We have recently sold an apartment in the same development as this, so with an asking price of £130,000, I would expect this property to be popular.
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