Sheffield, S20 with 7.6% Return
The S20 area of Sheffield is fast becoming one of the most popular places to be. Recent research has shown that it sits in the top 5 postcode areas searched for by both renters and buyers in Sheffield.
As a result of what appears to be increasing popularity, I expect prices to increase alongside this so it was to my great surprise to see this two bedroom town house come for sale on Stainmore Avenue at just Â£90,000. In and around this area, a two bedroom mid terraced property is achieving anywhere between Â£95,000 – Â£105,000 so I actually see this house as being undervalued by the agent, as a town house would generally attract a higher level of interest than your average mid terrace.
Whilst I think this house would benefit from a new bathroom, and the side and front garden could be viewed as slightly awkward, it certainly will attract buyers of all types. First time buyers and investors may jump at this opportunity as it sits in an ideal price bracket for both. Investors could enjoy a return of Â£575pcm which offers an impressive yield of 7.6% but Iâ€™d say this is only achievable with a new bathroom!
Any interested purchasers will need to move quickly on this property as interest will be high from the moment this property hit the market just a day ago.