Norfolk Park, Sheffield S2 with 7.5% Return
Listed for sale yesterday with Preston Baker is this three bedroom apartment on Park Grange Mount in Sheffield.
The Norfolk Park area of Sheffield, where this property is located, is up and coming in the rental market and this property will therefore attract investors. Itâ€™s ready to go in terms of investment potential with a high quality kitchen and bathroom and little work required to make the property a hit with potential tenants. A monthly rental income of somewhere in the region of Â£750 could be achieved and this would result in a yield of 7.5%, which is impressive in the eyes of any investor.
With locality to the Sheffield Hallam University campus in the centre of Sheffield, there is also likely to be a demand from students as well as professional tenants so it would be aimed at the entirety of the market.
Sheffield offers some really good rental investment opportunities and yield of over 7% are available quite often. There is more research into each and every one that is required in order to get the best and the maximum from every possible investment and there are certainly areas and properties to steer clear of.Â
Whether you are an experienced or inexperienced landlord, itâ€™s always wise to take impartial advice from property professionals to ensure you buy the right property at the right price.