Owlthorpe, Sheffield, S20 with 6.6% Yield
Lindholme Gardens in Owlthorpe has fast become a very popular place to live. The properties here are a nice size for a small family and the sales prices are first-time buyer friendly.
This property is decorated to high standard and it is apparent that the owners have prepared the property to be sold quickly. I expect that the offers will come rolling in for this property in a short space of time. Offered with no chain is one additional appealing factor as the likelihood of a breakdown in the chain happening is minimal.
This property is advertised with a guide price of Â£100,000 – Â£105,000 which is an incredibly desirable price for a modern property such as this.Â
This property would rent out comfortably for Â£550pcm if offered on a fully furnished basis and would give the potential new owner a generous yield of 6.6%. For the area, this is a strong yield and a decent property to invest in.Â
Sale prices in S20 tend to vary as the postcode covers a vast area and some properties can offer a much lower yield than this one but Owlthorpe is very popular and outshines a large proportion of the postcode.