St Paul’s, Sheffield City Centre with potential 6.4% yield
This is being advertised as a penthouse apartment but is actually situated on the 30thÂ floor of a 32 storey building!
This is a beautiful apartment in one of Sheffieldâ€™s most sought after buildings but I feel the asking price is simply too high, especially if someone is seeking a quick sale!
City Centre apartments are perfect for investors and there are plenty on offer and finding tenants for this wouldnâ€™t pose a problem. The problem investors will find is with the yield. A max rent of Â£1,200 would offer a yield of 6.4% but the service charges here are so high, the net yield would be a lot lower than this in reality!