Richmond, Sheffield S13 with 7% Yield
This two bedroom end terraced house does appear to require some work, but certainly has the potential to be a good investment.
The areas that require attention are the bedroom carpets that need replacing and the window in the larger bedroom needs to be replaced as it is currently boarded up.Â The bathroom appears to be in a good condition and the kitchen only requires a little bit of repair work, but overall is in a good condition.
This property could achieve Â£525pcm in the current rental market, which does equate to a yield of 7%, which is a fantastic yield but does not take into account the money that requires spending on this property. When taking this into account the yield is more likely to be around 6.7%, which is still a very good yield.
Â The Handsworth and Richmond area is often popular on the rental market, so Â£525pcm should be comfortably achieved with a minimal void period. The tenants in these areas do tend to stay for longer terms and often only move if they require more size, relocate and buy a property.