Orchard Road, Walkley, Sheffield S6 with 6% Yield
Although in need of a lot of work, at just £110,000, this property is a bargain considering the location.
The property comprises of a living room and dining kitchen on the ground floor. The bathroom and both bedrooms are on the first floor. There is a small yard to the front of the property and a garden to the rear of the property.
The size of the task in hand should not be underestimated and as a minimum, this property will require a new boiler, new kitchen, new bathroom, new flooring throughout and the whole property will need to be decorated.
If the above works were to be done to a high standard, this property has potential to achieve £650pcm on the rental market, which generates a yield of around 7.1%, which does not take into account the cost to renovate this property, but even with a budget of £20,000 to improve this property, the yield would still be 6%!
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