Sheffield Buy to Let Deal of the Day – 12 November 2018
Today’s Sheffield buy-to-let deal of the day is brought to the market by Reeds Rains.
Although definitely in need of modernisation, this three bedroom property is in a prime location and should be very popular.
The property comprises of a lounge, dining kitchen and utility room on the ground floor. There are three bedrooms and a bathroom on the first floor.
The appearance of the property is very old-fashioned, so this would need to be rectified, but with a full refurb, this could make a lovely property in a highly sought after location.
In a good modern condition, I would expect this property to achieve upwards of £650pcm, which would generate a yield of exactly 6%. This does not take into account the cost of the necessary works and assumes the sale is agreed at asking price.
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