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.
http://www.zoopla.co.uk/for-sale/details/41693757
As always, if you are an investor in the Sheffield property market and would like a second opinion on a property you have seen, then send the URL of the properties you have seen online over. Or if you would like to pop in and have a chat, then you can either email on info@sheffieldresidential.com or call on 0114 201 4325. The kettle is always on and we will even pull out the posh biscuits!
Don’t forget to visit the links below to view back dated deals and Sheffield Property News.
Sheffield Property To Let, For Sale Facebook: https://www.facebook.com/groups/1488435804820115
Sheffield Talk Facebook: https://www.facebook.com/SheffieldTalk
Website: https://www.sheffieldresidential.com
Leave a Reply