My name is Paul Brown and I’ve been working in the property industry for over 20 years. As a Local Property Expert for Purplebricks in the Sheffield area, I’m really passionate about helping people buy, sell, rent or let great homes - I live and breathe bricks and mortar! Every week, I’ll be sharing a quick guide to the best buys in my area. For my first piece, I’ve looked at buy-to-let properties and outlined some of the hottest deals around. Enjoy!
Apartment 518/ Metis 1 Scotland Street, Sheffield, S3 7AQ
Price - £100,000
Rental Value - £650
Yearly Income - £7,800
Yield - 7.8%
Located in the heart of Sheffield, you are never going to struggle to let a property like this out – it’s a great for rental. Ideal for a young professional or student, the apartment offers easy access to the city. The yield itself is fantastic and represents an excellent investment.
45 Bentley Road, Doncaster DN5 9SD
Price - £75,000
Rental value - £450 - £475 PCM
Yearly income - £5,400 - £5,900
Yield - 7.2% - 7.4%
Previous properties let on this street have gone straight away, which shows there is great demand. It is situated close to town and Doncaster train station which makes it very convenient and it’s priced to encourage a lot of interest. The yield on the property is coming in at just over 7% which is a good return on investment.
134 Comleybank drive, Mexborough, S64 0EP
Price - £125,000
Rental value - £550 - £575 PCM
Yearly income - £6,600 - £6,900
Yield - 5.3% - 5.5%
Comleybank drive is new development built by Strata. All the homes on this estate are modern and really well built and there is good access to Doncaster and Rotherham for commuting to work. The high spec of this property and pretty estate will attract renters all day long!
18 Derby Street, Barnsley, S70 6ER
Price - £65,000
Rental value - £400 PCM
Yearly income - £4,800
Yield - 7.4%
The great price of this property means it’s an investment not to miss. I think it would achieve a yield of around 7.4%. Most of the properties on this street are rentals and do not struggle to attract tenants when they come onto the market.
237 Wortley Road, Rotherham, S61 1LJ
Price - 72,500
Rental value - £500 PCM
Yearly income - £6,000
Yield - 8.3%
If you rented it out, Wortley Road would offer a very high yield of 8.3%, making this an ideal buy to let. There are no other properties on that street for rent at the moment, but when they have come onto the market, they have been snapped up.
13 Goosebutt Street, Rotherham, S62 6AN
Price - 70,000
Rental value - 450 PCM
Yearly income - £5,400
Yield - 7.7%
Goosebutt Street offers a yield of 7.7% which is a really good return. The property will be of interest to most people as it’s an affordable price for a decent home. Personally I think it would be a good idea to rent this property and gain from the income.