Old Street, Sheffield S2 with 7.6% Yield
This property should be a straight-forward investment at a more than reasonable asking price.
This property is in a fine, neutral condition and appears ready for a tenant to move into straight away. The property comprises of two double bedrooms, a large kitchen which is open plan with the lounge and large bathroom. The appearance is modern throughout.
We do have first hand experience of marketing properties in this particular development, so we know how popular these properties are. At a peak time of year, this property would be expected to achieve £600pcm. This would mean a very impressive yield 7.57%, which is bound to catch the eye of buy-to-let investors.
It is always important to take into account service charge and ground rent with apartments within a development, which will natural affect rental returns, but as I understand the service charge and ground rent is relatively reasonable in this development.
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