Wordsworth Avenue, Ecclesfield, Sheffield S5 with 7.2% Yield
Although requiring some work to modernise, this property is a bargain at just £95,000.
The property is a larger than average three bedroom house and comprises of lounge and kitchen downstairs, all three bedrooms and the bathroom upstairs. This property also benefits from having a large enclosed rear garden, which looks to be very low maintenance and also has a garden to the front of the property, which inevitably will reduce traffic noise.
I believe that apart from the kitchen and one of the bedrooms, this property requires modernisation throughout which includes the bathroom.
Once modernised, I believe this property will achieve £575pcm on the lettings market, which generates a yield of 7.2%, which is fantastic yield. Of course, this does not take into account the cost of the required works, but nevertheless, this is still a very good yield.
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