Stocksbridge, Sheffield S36 with impressive 8.5% Yield
With house prices in the S36 postcode normally closer to the top end of the scale, this property is advertised with offers over Â£76,950 will be popular.
Stocksbridge is a quaint little town ten miles north of Sheffield that appeals to families and professionals that commute over to Manchester. Many properties are rented in and around Stocksbridge to families that make use of the nearby local schools.
The property is generous in size and tastefully decorated however could benefit from the bathroom being updated if advertised for rent.
A property like this one will achieve anywhere between Â£525 pcm to Â£550 pcm dependant on the quality of furnishings on offer. If sold at the asking price, the yield on offer is 8.5% which is exceptionally good!Â
If youâ€™re planning on purchasing a property for investment purposes, the yield ideally needs to be a minimum of 7% to make it worthwhile to account for any void periods you may incur.
This property is definitely worth a look if youâ€™re thinking of purchasing for investment outside of the city centre.