Shiregreen, Sheffield S5 with 7.4% Return
On offer with a cracking potential yield of 7.4% this fantastic three bedroom semi-detached house is available to buy. The house is modern to suit the needs of a small family and with local transport links into the city centre very close by, this makes this property ideal for young professionals too.
Â All rooms on offer are adequately sized and all benefit from being able to fit a double bed in. This certainly means that the property would suit a small family and would make for the ideal rental investment. To achieve a yield of 7.4%, you would need to rent this property out at Â£525pcm which is very achievable. Looking at the rental market around S5, most houses in the area rent for between Â£450 – Â£550pcm dependent on the size and dÃ©cor.
The asking price of Â£84,950 is certainly reasonable, even if the purchaser were to be able to negotiate a couple of grand off the asking price, this would only increase the yield and make this an even better property to invest in.
I would definitely recommend taking a look at this property whilst it is still available, not only is it an ideal price for investors, the price is low enough to attract first time buyers looking to start off small.