The two-bed property is located on Co-operative Street in Goldthorpe, Rotherham and has a guide price of £16,000 making it the cheapest on the South Yorkshire market right now.

Sheffield Property: This £16,000 property may be the cheapest for sale in South Yorkshire right now

A £16,000 property is up for auction in South Yorkshire and may be a fantastic investment for landlords – with rental income for one year estimated to be nearly double the guide price.

The property in Goldthorpe, Rotherham, is in an area where rents can range between £425-£500 per month, meaning if rented out at the top of the band, the income could cover the guide price in just 32 weeks.

There are a lot of improvements needed on the property, with the house being described as “ready for updating internally”.

The property has two bedrooms, one bathroom, a kitchen and living room downstairs and a private garden to the rear.

The auction will be online at Auction House South Yorkshire, with bidding on the property opening at 1pm on July 11. You can find the auction with all the properties on offer here.

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