Although not the most glamorous apartment in the world, this property offers a very steady return.

This property is currently tenanted at a monthly rent of £345pcm, which does not sound a particularly high rent, but with such a low asking price of £55,000, this property offers a yield of just over 7.5%! With such a high yield, I would imagine many investors would be particularly keen. It is important to remember that with a current tenancy in place, this yield is a guaranteed yield as opposed to a potential yield. There may also be scope to increase the rent, which naturally will increase the yield.

The property itself is in a decent condition albeit somewhat dated. A buyer may well want to modernise the property, which will undoubtedly increase the popularity of this apartment when it next becomes available to let.

http://www.zoopla.co.uk/for-sale/details/42843823

As always, if you are an investor in the Sheffield property market and would like a second opinion on a property you have seen, then send the URL of the properties you have seen online over. Or if you would like to pop in and have a chat, then you can either email on info@sheffieldresidential.com or call on 0114 201 4325. The kettle is always on and we will even pull out the posh biscuits!

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