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.