Orchard Lane, Sheffield City Centre S1 with 6.6% Yield
A fabulous, quirky investment property on offer in the heart of the city centre, this period property dates back to the 1800’s and was once part of a school. The apartment is located in Leopold Square and is part of the dated building to the rear of the square.
For £179,950 this property is priced cheaper than most in the development where an identical apartment is listed for sale for a £100,000 more. This apartment could achieve approximately £1000pcm meaning that the yield on offer is an excellent 6.6%, this yield for a two bedroom apartment is certainly desirable considering that most apartment on the market at the moment are achieving around 6%. This is a repossession so may well sell above asking price but repossessions often tend to be where the bargains can be found.
The apartment appears to be in an immaculate condition so would make an excellent investment or even a perfect property to buy to live in. I think this property will sell for close to asking price based on the properties currently on the market within the same development at a higher price.
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