Sheffield, S5: 1 Bed Flat with impressive 9.5% Rental Return
Keepers Close is not located in one of the most sought after areas in Sheffield but would certainly attract tenants if you were to buy to let.
These properties still retain some modern features so very little, if any, refurbishment would be required.
A monthly rent of Â£475 can be expected to be achieved but an initial void period may be expected, should you not have tenants lined up.Â
With the purchase price being only Â£60,000, an impressive 9.5% yield! Whilst this is one of the most impressive yields on the market, there are likely to be other issues such as unreliable tenants, void periods and a potential difficulty to sell on one day.
Having said all of the above, I believe this property will still sell as there are so few properties of such a quality available on the market at the moment.