Water Slacks Road, Woodhouse, Sheffield, S13 with 6.75% Yield
Waterslacks Walk houses a development of ex council properties and these flats offer excellent space and a convenient location, linking to motorways and the city centre within minutes.
This particular property looks like it would benefit from a slight upgrade but nothing more so than a sum in the region of £5000 being spent.
Should someone spend this £5000 and purchase with a view to let as an investor, they would enjoy a consistent monthly income of £450 in rent, which would equate to a yield of 6.75%.
I have experience of managing properties within these flats and have had no complaints whatsoever, with a reliable tenant and a good return so this is something I would definitely recommend to an investor with a budget towards the lower end of the scale.
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