Sheffield S8 with 6.2% Yield
Investors take note!
If you are looking to purchase an investment property and looking for something that will offer good tenants in very little time and also tenants that are likely to remain in residence for longer than the average stay, then look no further than this two bedroom house that has just been listed for sale on Reney Avenue.
With a guide price of Â£130,000, this house has a lot to offer with exceptional gardens to front and rear, spacious accommodation throughout and even a conservatory!Â
If this house were introduced to the rental market, there would be potential tenants chomping at the bit to view and a high amount of interest as a follow up from that. I would suggest a monthly rent of Â£675 would be achievable which would equate to a yield of 6.2%. If you are not familiar with Sheffield, you may think that Â£675 for a two bedroom house is expensive and overprices which in many areas it is. This isnâ€™t just any area though; any property that falls under the S8 postcode area is always likely to be very popular.
This popularity extends with owner occupiers as well as renters so itâ€™s likely that there will be a lot of early interest in this house resulting in this property selling quickly through interest not only from investors, but from potential owner occupiers too!