St Pauls, Sheffield City Centre with 5.6% Return
A beautifully compact apartment at St Pauls Square adjacent to City Lofts available to purchase at Â£148,000!
The price is definitely on the high side for a one bedroom apartment that is so small but that doesnâ€™t mean that the vendors wonâ€™t achieve this. These properties are so highly in demand that some people will literally pay anything just to be able to say they own properties in the most prestigious development In Sheffield!
I would estimate that this property could achieve Â£695pcm in rent if offered fully furnished. It is on the 17th floor which will undoubtedly offer amazing views over Sheffield. The property comes vacant possession which means this couldnâ€™t be available to rent at a better time! If a sale can be agreed and completed before the end of September, tenants will easily be found and you will be able to secure a 12 month contract no problem.
The yield if purchased at Â£148,000 and rented at Â£695pcm will be 5.6%, this is not the highest however you will not achieve a higher rent anywhere else in Sheffield.Â
I would expect the vendor will most likely accept a lower, more suitable offer of Â£135,000 – Â£140,000. If youâ€™ve ever thought about investing in Sheffield City Centre, St Pauls should be at the top of the list to view first!