Wostenholm Road, Nether Edge S7 with 7.3% Yield
Perhaps not the most glamorous of properties you will ever see, this one bedroom apartment is a real steal at just £72,000!
The property comprises of kitchen which is open plan with the living area, a spacious bedroom and a fully fitted bathroom.
The property is generally in an average condition and would let out in this current state, but there is definitely room for improvement/modernisation.
Additional benefits include allocated parking.
In terms of location, this property is situated in the very popular area of Nether Edge, where I would normally expect properties around here to be much more expensive.
In its current condition, I would expect this property to achieve £450pcm, but with a bit of a spruce up, £475pcm would not be beyond the realms of possibility. This would generate a yield of 7.3%.
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