Available to buy in the incredibly popular development of The Chimes, is a stunningly spacious one Bedroom apartment.
The Chimes is one of the hottest developments in Sheffield city centre at the moment among students and professionals alike. The Chimes is a development tucked away behind the historic landmark that is the Cathedral, hence where the name ‘Chimes’ comes from.
A one bedroom apartment in this development can be expected to achieve anywhere up to £625pcm, if parking is included, you can add on an extra £85pcm bringing the annual income up to an astounding £8520!
I would agree that £135,000 is a reasonable asking price however offers can be expected to be around the £125,000 to £130,000 mark based on the recent sales of one bedroom apartments around the S1 postcode.  
With the above in mind, the yield is set to be around 6.3% which is extremely generous for a City Centre development such as this one. It is often difficult to find the right balance between a decent sale price and rental income but this property certainly seems to hit the spot.

If you’re an investor, this property is definitely one that you should take the time to consider!