Wordsworth Court, Sheffield, S5 with 7% Yield
Listed today by Your Move is this smart two bedroom apartment within walking distance of Hillsborough and good transport links into the city centre.
If you are looking for a buy-to-let property, you can expect a rent of Â£475, which would mean a yield of 6.55%, with the service charge to consider this is a low yield. I would be looking for at least a 7% yield, which would mean only paying approximately Â£81,500, which is not beyond the realms of possibility.
It is fair to say that this area has not been without its problems of anti-social behaviour during recent times, but there have certainly been strong signs of improvements in the last 12 months. The development itself is secure, with a code needed to access both the car park and entrances to the apartments.
I would be more confident of prices increasing in other areas, most of which are closer to the city centre and I feel that this property may be a gamble, particularly from an investment point of view.