Wards Brewery, Sheffield S11 with 5.6% Return
A one bedroom apartment has been listed for sale at Wards Brewery on Ecclesall Road.
Iâ€™ve featured property in this development before and it continues to be a very popular development with investors and tenants alike. This particular flat, however, appears to be one of the smaller one bedroom apartment types in the building and also looks to be on a fairly low floor when looking through the windows. This can be off putting to some potential residents.
That being said, this property would still be very popular with potential tenants should it be purchased by a buy to let investor and advertised for rent.
The typical monthly rent achievable one this property would be Â£560 which would offer a yield to investors of 5.6%. This is a clear indication that this apartment is priced too highly and a reduction is most likely required in order to achieve a sale but these properties do remain popular, whatever the price.
Analysing the rest of this development and what currently sits for sale shows that the other properties are all two bedroom apartments, the most expensive one at Â£290,000 is yet to be reduced and has now been on the market for 9 months! There are 5 two bedroom apartments for sale at Wards Brewery at the moment and this is the only one bedroom apartment which will stand it in good stead with regards to any competing properties and may help out with a quicker sale at this inflated price.
Whilst this is a good development to invest in, there are greater investments available in this building and also elsewhere.