Sheffield Buy to Let Deal of the Day – 15 May 2019
Today’s Sheffield buy-to-let deal of the day is brought to the market by Springbok Properties.
The online advert for this property states offers over £125,000 and I certainly believe this will be the case. This three bedroom property is in a sought after location where three bedroom properties often achieve considerably higher than £125,000. I would go as far as saying that this property is worth at least £5000 more even when taking the imperfect condition into account.
The property comprises of a reception room and kitchen diner on the ground floor. There are two bedrooms and the bathroom on the first floor and the third bedroom is in the attic. This property has typical three bedroom terraced property layout.
As mentioned previously, the condition can and probably should be improved, but is liveable at the moment.
On the rental market, I would expect this property to achieve approximately £650pcm if cosmetically improved. This would generate a yield of just over 6.2%
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