Lilac Road, Sheffield S5 with 10% Yield
At £60,000, this property is a real bargain.
Although not in the best of conditions and not in the most desirable area of Sheffield. This two bedroom property still represents excellent value for money.
The property comprises of a lounge, kitchen, utility room and conservatory on the ground floor. Both bedrooms and the bathroom are on the first floor.
The kitchen and bathroom are what I would describe as in reasonable conditions, so don’t need to be replaced, but I would advise sprucing the property up with new carpets and a lick of paint.
Externally, there is an enclosed garden to the rear.
On the rental market, in a slightly ‘spruced up’ condition, I would anticipate this property achieving £500pcm, which would generate a yield of 10%! This property will no doubt appeal to a lot of landlords.
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