Potters Gate, High Green, Sheffield S35 with 10.5% Yield
Although outdated in places, the property reasonably priced for anybody looking for a buy-to-let investment. With just a £60,000 asking price and three bedrooms on offer, the rental potential is superb.
Downstairs the property requires a new kitchen and flooring throughout, it is clear that it is very outdated and in order to bring it to a rentable and desirable condition a small amount of money would need to be spent.
Upstairs the rooms require full redecoration to bring them back up to a modern condition and to overall make the property a more desirable place to rent.
On the rental market I would estimate that the property would achieve £525pcm in rent generating a yield of 10.5% based on the property selling at £60,000.
This is a super property for an investor with minimal costs required to bring the property up to scratch.
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