Malin Bridge, Sheffield S6 with 6% Yield
Situated in the popular residential area of Malin Bridge, this three bedroom end of terrace property is likely to get lots of attention. The property is priced very reasonably at Â£100,000, although the agent advises offers are to be over Â£100,000 I would expect that in all reality, it will sell for closer Â£99,500 going from the recent sales in the area. With all that in mind, I think the majority of interest will come from first time buyers, although the rental market in the area is booming, this particular property has lots of space on offer so will attract large families needing plenty of room.
If an investor were to purchase this property, I would estimate that Â£500pcm rent could be achieved, possibly Â£550pcm if the property were to be fully refurbished and redecorated as its current condition is a little outdated. That said however, it is a nice property and generous with its floor space. The yield if rented in its current condition and sale agreed at Â£100,000 would be 6%.