What a bargain this property seems to be! It is not often you will find a three bedroom property in Sheffield for this price.
The pictures are very limited, so it is difficult for me to comment on the condition, but even if this property requires some work, £72,500 still looks to be an excellent price.
The agents marketing this property have indicated that rents of £450pcm – £475pcm are to be expected. I think this is modest, other three bedroom properties are currently available at £500, which look to be of a similar size. At £450pcm, the rental yield assuming this property sells for asking price would be 7.45%, however at £500pcm the rental yield would be a magnificent 8.28%!
The asking price of £72,500 is fixed. I believe this is a very good price and would normally expect a three bedroom property in this area to be marketed in excess of £80,000.
This location is only a five minute drive into the heart of the city centre and like most areas on the outskirts of the city centre has excellent transport links into the city centre and other popular locations, for instance Crystal Peaks and Meadowhall.
This property is brand new to the market and my advice would be to try and get in there first before anyone else has a chance to offer on this property.