Porter Brook, Pomona Street Sheffield S11 with 5.9% Yield
Listed today is this one bedroom apartment at Porter Brook, Pomona Street.
Located in a very popular area although this small development is not very well known.Â
Wards Brewery, two minutes away from Pomona Street is much more well-known and much more popular amongst tenants.
This apartment currently achieves Â£495, which is about Â£100 less than what a one bedroom apartment in Wards Brewery could achieve.Â
The kitchen is smaller than a standard apartment in Wards Brewery, but apart from that, there are not many more differences.
From an investment perspective, I would buy something at Wards Brewery over Porter Brook. You will no doubt pay more, probably about Â£110,000, but with the rent you can achieve you are looking at a yield of around 6.5%, compared with a yield of around 5.9% for this property.