11 February 2021
SHEFFIELD is experiencing a very high demand for rental properties with multiple applications being received for properties currently on the market.
Kelly Boot, Branch Manager of the Linley & Simpson Sheffield office discusses why Sheffield makes an ideal place to invest. "According to RWinvest, Sheffield is in the top 10 best locations to invest in the UK, with increasing rental prices, reasonable property values and high yields.
"It is one of the UK’s largest cities, boasting some world class facilities and as a result draws in many talented and creative individuals including students, professors, doctors and nurses. Having two highly regarded Universities, three major hospitals and a wide range of sporting, artistic and hospitality venues. The city has easy commuter transport links in and around the city with multiple train stations and access to the M1 motorway, is full of culture with the likes of the Botanical gardens, winter gardens and Crucible theatre and also has a breadth of amenities including the well-known Meadowhall shopping centre.
"There is a strong appetite for all kinds of property, but in particular we are finding that the strongest demand is for 2 bedroom houses at around £525 per calendar month, 3 bedroom houses between £575 and £900 per calendar month depending on the area, 2 bedroom bungalows between £550 and £625 per calendar month and 3 bedroom bungalows between £650pcm and £750pcm."
Below provides an outline of some of the current investment opportunities available in Sheffield.
Deerlands Avenue, Sheffield
Asking price: £80,000
Potential rent: £550pcm with 8.25% yield
On the market with: Your Move
The property is situated a stone’s throw away from Halifax Road with excellent transport links. The property has a tenant in situ and can be bought with a tenant in place or without.
Weakland Crescent, Sheffield
Offers in the region of: £75,000
Potential rent: £525pcm with a 8.4% yield
On the market with: Redbrik
Deceptively spacious, the property provides 863sqft of light and airy accommodation across two floors, including a generous lounge, fitted kitchen diner and two double bedrooms.
Firshill Mews, Sheffield
Asking price: £75,000
Potential rent: £450pcm with a 6% yield
On the market with: YieldIt
A two bedroom end terraced house with a tenant currently in situ, just 15 minutes from Sheffield city centre.
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