Sheffield Buy to Let Deal of the Day – 25 November 2019
Today’s Sheffield buy-to-let deal of the day is brought to the market by Martin & Co.
This studio apartment represents a relatively low-risk investment with an asking price of just under £65,000.
The property itself does appear to require quite a few minor cosmetic improvements, but this could all be done with a relatively low budget.
The size of the property is about average for a studio apartment.
Cutlery Works is very popular on the rental market and rents range throughout the year from as low as £425pcm around Christmas to as high as £495pcm in the summer.
At the higher end of the estimate, a yield of 9.1% could be achieved and even at the lower end the yield would be 7.8%.
The service charge and ground rent will need to be taken into consideration, but this property is still very good value.
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