Park Hill, Sheffield S2 with 7.6% Return
An interior to make even Laurence Llewelyn-Bowen envious, this two bedroom duplex apartment for sale in the famous Park Hill Flats is certain to attract interest from those looking to purchase something a little different!
Cleverly designed to spark interest to those who want to live somewhere quirky but donâ€™t quite have the ideas or know how to do this themselves, I expect first time buyers and investors to be interested in this unconventional property.
Although priced reasonably at Â£130,000 I do feel that the reputation of the area may let this property down. Before regeneration works to the area started, Park Hill was notoriously known as an undesirable place to live so the stigma attached to it may still resonate with some Sheffield folk!
I believe that this property could achieve up to Â£825pcm which may sound high, but a high quality property is on offer so I do not feel this is an unreasonable asking amount of rent. With the annual rent just shy of Â£10,000, this would boost the yield to 7.6% which is certainly not something to turn your nose up at from an investorâ€™s point of view.
If you get the chance to view one of the properties on offer in Park Hill I would suggest you take it, they are completely unique to Sheffield and the view of the steel city is guaranteed to take your breath away.