Kelham Island, Sheffield City Centre with Return of 7.1%
An ideal investment opportunity on offer here with this two bedroom apartment available to purchase at Kelham Island!
Over the past few months I have seen interest in this development greatly increase as we hit the height of summer. I have seen properties of the same size and layout fetch up to Â£775pcm which is a comfortable income on a two bedroom apartment such as this.Â
The Riverside development as whole has many students and professionals residing there, the rental asking price is not overpriced and is affordable to most working professionals, hence the attraction.
As this is a spacious apartment and has two double bedrooms on offer, you can expect this property to rent out very comfortably during the summer with most tenancies lasting twelve months.
If purchased at the asking price of Â£130,000 the yield on offer is 7.1% which is not the highest for a city centre purchase but by no means the lowest.Â
I would expect offers more around the Â£125,000 mark to be put forward as there are properties within the S1 postcode that offer a higher yield for a similar purchase price. That said however, Kelham Island is definitely an up and coming area and I have seen sales prices in the area significantly increase due to its popular reputation.