Metis Apartment, Sheffield City Centre with 7% Yield possible
For sale with Reeds Rains City Living is a two bedroom apartment in Metis, Scotland Street.
Metis is an incredibly popular building for students studying at the two University in Sheffield and are very easy to rent out.
For sale at Â£150,000 I would expect offers to come in at around Â£130,000 or even less. There are other properties in the City Centre offering a similar yield.
A two bedroom/two bathroom property like this will achieve around Â£800pcm in rent making the yield approximately 6% if offers are accepted close to asking price.
I would only recommend purchasing this property if the price can be chipped away to make a more desirable yield of 7%.