Skelton Lane, Woodhouse, Sheffield S13 with 9% Yield
Although not in the most sought after area in Woodhouse, the two bedroom flat on Skelton Lane is a bargain.
The property itself is in a very good condition and not of a bad size at all. There are two bedrooms, one of which is a large double bedroom, the other is more of a study, there is a large lounge with balcony, separate kitchen and the bathroom. At a glance, it does not appear that any major works are required, but a new owner may well wish to make a few minor cosmetic improvements just to spruce it up a little bit more.
In its current condition, which I feel is perfectly fine, this property could achieve £450pcm, which will generate a massive 9% yield!
We have actual experience of letting a very similar property to this on the nearby Waterslacks Walk where the same tenant has now lived there problem free for nearly 15 months now and has paid £450pcm.
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