Mandale House, Sheffield City Centre, Two Bedroom with 7.9% Yield!
Just minutes away from West Street, this two bedroom apartment for sale in Mandale House is offered at Â£135,000.
I would be surprised if this property would achieve offers for the asking price. I would expect around Â£125,000 to be a more realistic expectation.
The property will make an excellent investment with rents achieving up to Â£825pcm. The yield on this property could be a staggering 7.9%
Although service charges can be high, the rental return makes it worthwhile.
The demand for rental properties in Mandale House increases every year as it is in a prime location for both Universities and even offers parking in the same building, which in many buildings, this is hard to come by.
Iâ€™d suggest looking at the current market and checking out the sold prices in the last few months to ensure youâ€™re not over paying!