Wordsworth Court, Sheffield S5 with 8.1% Yield
Wordsworth Court is situated right on the corner of Wordsworth Avenue and Herries Road so is naturally a very popular place to live. With the majority of housing around the area comprising of semi-detached and terraced properties, this block of apartments is always set to attract high interest as properties of this nature are few and far between in the area.
With such a low asking price coupled with a high demand from prospective tenants, this property is set to attract early interest from investors Iâ€™m sure. A client of mine owns three properties in this development and is already interested in another as he knows the quality of investment they are when looking at investment return.
A monthly rent of Â£475 is achieved with these properties when offered on an unfurnished basis but inclusive of white goods. This particular apartment being on the higher floor will also result in increased demand. This monthly rent combined with the asking price of Â£69,950 would result in a yield of 8.1%. This is one of the highest yields available in Sheffield at the moment for something at such a low asking price.
This apartment is ready to go in terms of tenant finding so would be a pretty quick procedure from buying to renting!