Are you looking for buy-to-let property for sale? If so, you should seriously consider Sheffield. It’s one of the hottest locations in the country in terms of rental yield – with pleasingly affordable houses, plus plenty of demand from tenants.
If you’re considering investing in property in Sheffield, here’s a quick guide to help you.
Sheffield has changed beyond recognition in the last fifteen years or so. Once considered a ‘has been’ on the market, recent regeneration efforts have transformed the face of the city, and as such, demand for properties has risen considerably.
Even better, certain parts of Sheffield are offering excellent rental yields – far above the national average. This is particularly true of the properties close to the city centre, where demand is highest. If you’re thinking of growing a property portfolio, Sheffield is the ideal location, thanks to its reasonable property prices. However, these prices are rising by the year, so it makes good sense to buy now, and enjoy great capital growth when you sell in a few years’ time.
The S10 postcode area (Broomhill, Fulwood, Redmires) is hugely popular with young professionals and families, thanks to its pleasantly leafy suburbs and excellent location. However, it’s also more expensive, so it’s probably more suited to someone looking for a longer-term investment; rather than a quick ‘flip’ for maximum profit.
The best rental yields can be found in the S2 postcode, which is close to the city centre. This is largely due to the fact that properties are so reasonably priced here – with plenty of houses on the market for under £100,000. Expect to generate a yield of around 9% here.
The S3 postcode area is also a good option, which encompasses Broomhall, Neepsend, Netherthorpe and Burngreave.
What Sort of Properties?
As you might expect with a sizeable city, there are a wealth of different properties on the market, with something to suit every budget.
- Student properties. In addition to the purpose-built student flats, there are plenty of apartments and HMOs in the city that are ideal for renting to students. Look for properties in areas that are close to the university campus.
- Family homes. Plenty of tenants have children, and as such, are looking for good-sized family homes with a garden and driveway. Thankfully, Sheffield caters well to families, and there are plenty of affordable buy-to-let properties for sale on the market with spacious dimensions and loads of outdoor space.
- Young professionals. If you’re thinking of renting out to young professionals, consider an apartment in one of the new developments in the city. These chic, stylish flats are always sought-after by commuters, particularly if they’re close to transport links.
The Buy2Let Shop Limited
If you’re searching for buy-to-let property for sale in Sheffield (or anywhere else in the UK), it’s useful to work with a team of experts, who will help you to find the right property for your needs.
The Buy2Let Shop are property investment agents with specialist knowledge of the market, and we offer a range of services designed to empower your investment and make your money go further. To find out more, simply visit Buy Dapoxetine Europe website today.