Victoria Road, Beighton, Sheffield S20 with 7.9% Yield
An attractive investment opportunity on offer in the highly desirable area of Beighton, this two bedroom semi-detached house is on offer for just £72,950. Although the property is in dire need of an upgrade, this property has the ideal foundations to start from a blank canvas and completely make this property into a rentable house. As a minimum, the property needs to be fully redecorated and re-carpeted, some rooms require additional works such as new skirting boards etc however all of the required works would be possible for less than £10,000. The gloriously large garden and open space rooms make this an ideal property for a young family possibly on a lower end budget.
The property would rent comfortably at £550pcm meaning the yield generated would be 7.9% based on the property being sold at full asking price and £10,000 being spent on the property, which is not necessarily required. Properties in Beighton are in high demand on the rental market and this property will certainly fly off the property shelf!
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