Slightly overpriced for a small 1 bed located just off Ecclesall Road, I would expect to see this property on the market for much longer than needs be.
I would anticipate offers of £90,000 – £95,000 to be submitted for this property. It is small and overlooking a very busy main road.
The rent achieved for a property of this size is anywhere up to £575pcm. If the seller sticks to their guns and chooses to only sell for asking price, the yield on the property could still be 6.2% which isn’t bad but isn’t the best on offer at the moment.
My advice would be to avoid purchasing this property at £110,000, it is overpriced and you can purchase a much larger property for a similar price.
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