West One, Sheffield City Centre with 6.5% Return
West One is the most popular development in Sheffield for 1 bedroom apartments with renters and the asking price certainly proves this!
A Â£120,000 price tag for a 1 bedroom apartment is very high in Sheffield but I do think this will be achieved! The apartment will sell due to the huge demand in the properties.
A monthly rent of Â£650 can be achieved so a yield of 6.5% is available and void periods would be at the ultimate minimum! These apartments have been available cheaper in the past but they still make for a very good investment, hence their popularity!
I anticipate a quick sale for this property and expect is to be purchased by investors looking to take advantage of the boom in the Sheffield rental market.Â