Rialto development in the ever popular Kelham Island area has just listed for sale for a hefty £160,000.
I believe that £160,000 is overpriced for a property of this size and location. Whilst Kelham Island is popular, most are seeking rental properties.
Offered as a vacant possession this property would easily find tenants to move in immediately, appealing to the young professionals market.
I would expect a rental return of £9,900 annually therefore giving you a yield of 6.1%, which is not as high as other developments on offer.