Smelterwood Drive, Stradbroke, Sheffield, S13 with a 6.9% Yield
Although in need of some modernisation, this two bedroom property is very attractively priced at just £100,000.
The property comprises of a lounge, kitchen and toilet on the ground floor. Both bedrooms and the bathroom are on the first floor. The property also benefits from having a very well kept rear garden, a block paved driveway to the front and side of the property and a detached garage.
A full redecoration, new carpets, new bathroom and a new kitchen would be advised to maximise this properties lettings potential.
On the lettings market, if modernised, this property ought to achieve at least £575pcm, which would generate a yield of 6.9%, which I would consider an excellent yield even when bearing in mind the cost to modernise the property.
Interest is expected to be high with such a low asking price.
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