Lupton Crescent, Sheffield S8 with 7.3% Yield
Although on offer for a reasonable price, the property is somewhat lacking in a homely feel and need a slight spruce up to make it come alive. At £90,000 the property on Lupton Crescent in Lowedges offers a large amount of space with potential for this two bedroom house to become an investors dream.
With a large rear garden, off road parking and a modern bathroom, the property would easily achieve £550pcm in rent in its current condition. This would generate a yield of 7.3% and has the potential to increase further if the property were to be slightly improved. The main areas to look at would be the kitchen as this is much more outdated than the rest of the property, bringing the property up to date completely would ensure a higher rent is achieved.
The area in which this house is located is in a popular area amongst renters so would not be on the market for long. At £90,000 I would also expect a fairly quick sale to a savvy investor!
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