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!

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