Sheffield Buy To Let Deal of the Day – 30 July 2018
Today’s Sheffield Buy to Let Deal of the Day is a three bedroom terraced house on Gainsford Road in Darnall, brought to the market by Hunters.
This property is certainly in need of a full refurb, but at just £60,000, it would be unrealistic to expect anything else.
The property is set over three floors. The living room and dining kitchen are on the ground floor. There are two bedrooms and the bathroom on the first floor. The third bedroom is located in the attic.
Externally there is a small yard to the front of the property and a garden to the rear.
Once refurbished to a relatively high standard, I would expect this property to achieve £500pcm, which would generate a yield of 10%, which is of course an extremely high yield, but does not take into account the costs of the refurb, so a yield in the region of 7.5% is perhaps more realistic, which is still a very impressive yield.
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