Sheffield S6 with impressive 6.9% Return
Two bedroom properties in the S6 postcode for such a price as this are few and far between so anyone with alerts set in this popular postcode will already be aware of the availability of this property and will be looking into it.
My aim is to assist people such as those who may be interested in this property and to advise of the details of the potential of this house. Situated in Birley Carr, this property is on the outskirts of Hilsborough so sits in a very popular location.
The house itself does not disappoint with a modern kitchen and bathroom and a huge garden. This house would be ideal as in investment property for any buy to let purchaser as it would offer a yield of 6.9%. This is when you factor in a monthly rent of Â£495 against the purchase price of Â£85,000. Yields are seen to be impressive at around 6% so to achieve a yield of almost 1% over this is very attractive for investors. This area is also very popular with renters so I would not envisage a lengthy tenant search period and therefore would expect low levels of void periods.
At this price, a house of this calibre will no doubt attract first time buyers but they may have to think and act fast if they want to beat the buy to let investors to it!