Reney Avenue, Sheffield S8 with 6.2% Yield
Located in Greenhill, this property seems to be a bargain at just £105,000.
The property comprises of a kitchen and lounge on the ground floor, with all three bedrooms, the shower room and WC all on the first floor. Throughout this property is in a good condition and does not require any improvement before putting this property on to the rental market. This property also benefits from having an enclosed rear garden, which looks to be very low maintenance.
On the lettings market, I believe this property should achieve £550pcm which would equate to a rental yield 6.2%, which considering there is no work required to this property, is a very good yield.
Generally speaking the S8 postcode is a very popular one, but other areas of this postcode, such as Woodseats and Norton do tend to me more popular than Greenhill, which is why the asking price for this property is so low.
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