Manor Lane, Sheffield S2 with 6.9% Yield
This three bedroom property seems to be a great price at just under Â£100,000.
Â The majority of this property is in a very condition and does appear very modern.
Â This property is set over three floors, with the top floor a converted attic room. The ground floor consists of a lounge to the front of the property, dining area in the centre of the property and an off-shot kitchen to the rear of the property. The living area may benefit from having the walls repainted, but does have potential to very modern, the dining area appears to be of a high standard and modern. The kitchen is perhaps the most dated out of all the rooms in the property, but easily rectified.
There is a large double bedroom on the first floor, which is in a good condition and a smaller second bedroom which is ideally used as an office or childâ€™s bedroom, which is what it appears to be used as at present. The bathroom is very modern and has a large bath with a shower. The attic bedroom is also very spacious and in a good condition.
This property also benefits from having an enclosed rear garden, which looks to be relatively low maintenance.
In terms of location, this property is about a 30 minute walk into the city centre and only 5-10 minutes in a car or public transport.
I believe this property should achieve Â£575pcm in its current condition on the rental market, which equates to a yield of approximately 6.9%, which is a very impressive yield.
As well as investors, I would also expect first time buyers to be interested in this property, so I do not expect this property to stay around for too long.