Velocity, City Point, Sheffield City Centre S1 with 7.3% Yield
Located in a popular development in the city centre, Velocity Village have become very popular with buy-to-let investors.
The apartment looks to be in an excellent condition and is very modern and stylish in appearance.
There are two good size double bedrooms, one of which has an en-suite, a main bathroom, kitchen, which is open-plan with the living area, which has a large balcony.
In terms of location, City Point is about a ten minute walk to the University of Sheffield and the heart of the city, which includes Fargate, City Hall, Town Hall, Peace Gardens and Devonshire Green to name just a few.
We have let two bedroom apartments very similar to this one in the same development for £850pcm, so at the same rent, this would generate a yield of 7.3%, which should be considered as a brilliant yield, despite the service charge and ground rent.
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