Sheffield Buy to Let Deal of the Day – 24 June 2019
Today’s Sheffield buy-to-let deal of the day is brought to the market by Staves.
Located in the popular area of Woodseats, this property has a relatively low asking price of £130,000.
The property comprises of a kitchen diner and lounge on the ground floor. All three bedrooms and the bathroom are on the first floor. Externally, there is a very pleasant enclosed garden to the rear and a yard to the front of the property.
There is no question that this property requires work to modernise it, but at this asking price, this was always bound to be the case.
On the rental market, I would expect this property to achieve £650pcm in a good modern condition, which would generate a yield of 6%, but it is important to bear in mind the cost to modernise the property.
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