Sheffield Buy to Let Deal of the Day – 05 August 2019
Today’s Sheffield buy-to-let deal of the day is brought to the market by Key2Go.
This property is very basic, but at £75,000, it represents a very low-risk investment with relatively good returns.
The property comprises of bedroom, bathroom, lounge and separate kitchen. Compared to other one-bedroom apartments, I would say this property is slightly above average size.
The décor is very neutral and the overall condition is good, there doesn’t appear to be any work required. It is benefits from having allocated parking.
In terms of location, this property is situated in a popular residential area and on the rental market this property would suit a single professional or a couple. I believe this property could achieve £475pcm, which would generate a yield of 7.6%.
This property is likely to be a leasehold property, so there will be a ground rent and possible a small service charge, but I would expect this to anything too expensive.
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