Sheffield Buy to Let Deal of the Day – 12 September 2018
Today’s Sheffield buy to let deal of the day is brought to the market by Easy Property.
With such a low asking price of £55,000, this property is likely to sell extremely quickly.
The property comprises of a kitchen, lounge, bathroom and two bedrooms.
At such an asking price, it would be realistic to expect that this property would require a full refurb, but this does not seem the case with this property. Admittedly, the property is not in the best condition and does require a considerable amount of improvement, but the kitchen and bathroom both appear to be in a relatively good condition.
On the rental market, I would expect this property to achieve £400pcm, which would generate a yield of 8.7%.
This is a leasehold property, but with a combined charge of £110 for service charge and ground rent, this is not likely to put many investors off.
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