Upper Allen Street, Sheffield City Centre S3 with 7.2% Yield
Today’s tip comes in the shape of three one bedroom properties in the Q4 development. Two of these properties have asking prices of £85,000 and the other property has an asking price of £87,000.
The properties at £85,000 are both on the ground floor which is why they have slightly cheaper than the other property which is on the fifth floor. The property on the fifth floor is likely to achieve a slightly higher rent.
At a peak time of year, we would expect the ground floor properties to achieve £510pcm, the fifth floor property ought to achieve £525pcm, thus generating yields of 7.2%. Considering the low service charge and ground rent, this is a fantastic yield for a building so popular.
We feel these properties would make fantastic buy-to-let investments and are also likely to be popular amongst owner occupiers.
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