Velocity Village, Sheffield City Centre with 7.9% Yield Potential
Iâ€™m amazed to see such a hot property for sale at such a low price! This property should ideally be marketed at Â£99,950 with offers of Â£95,000 to be expected. Whoever decides to purchase this will certainly be making a killer of a return.
The advert states that the property is currently tenanted and achieving Â£510pcm, which for a city centre one bedroom apartment is very low. This property could achieve anywhere up to Â£575pcm to Â£595pcm bringing the yield to 7.9%, very attractive!Â
The property would rent out extremely well to students and professionals so itâ€™s a shame that the property is only tenanted until January 2016 as the owners may find it difficult to find tenants at this time of year. If available between June to September the property could be rented extremely quickly for a high rent.
The apartment itself is very modern and furnished nicely and a decent amount of size is on offer. The building itself is incredibly popular and Iâ€™d recommend if youâ€™re looking to purchase a property for investment purposes, this one remains at the top of your list to view!