Spa Lane Croft, Woodhouse, Sheffield, S13 with 8.7% Yield
This property is a steal at just £65,000.
We have let a two bedroom apartment just seconds away from this property. Whilst the property we let was in a very good condition, it did comfortably let at £450pcm.
If works were done to modernise this property, I feel this property does have the potential to let for £475pcm, which would equate to a yield of 8.7%, which is an incredible yield. This of course does not take into account the cost to modernise this property, but even with a substantial budget of £10,000, the yield is still likely to be 7.6%, which again is still a fantastic yield.
This property does benefit from having a balcony and an allocated parking space, which will only add to the popularity of this property.
I do believe this property would be perfect for an investor, but it is also likely to appeal to first time buyers.
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