Repossessed Houses for Sale in Sheffield

By March 22, 2011House Repossession

repossessed houses for sale in sheffield

Current List of Repossessed Houses for Sale in Sheffield
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There are numerous opportunists to buy repossessed houses for sale in Sheffield and the surrounding area. The average market value for a property in Sheffield in March 2011 was is £160,068, down from £165,127 at the end of December – so, in line with the rest of the UK, property prices appear to continue to fall. Those market values are spread between around £209,000 for a bungalow and £84,500 for a maisonette.

In 2017 the average market value for houses in Sheffield was £187,00 according to Zoopla.

Repossessed Houses for Sale in Sheffield

One and two bedroom apartments; example below is for a one-bed apartment:

  • BMV price: £95,000
  • Deposit Needed – £28,500
  • Rent – £633 pcm
  • Mortgage – £66,500
  • Mortgage Payments – £326.40 pcm (Northern Rock, 70% LTV @ 5.89% Fixed)
  • Ground Rent: £12.50 pcm
  • Service charge – Paid for 3 years then £66 pcm
  • Yield: £3,529 a year or £294 pcm

Two-bed end-of-terrace purchase price: £63,750

  • Market value: £63,750
  • Yield: 8.47%

Two-bed mid-terrace purchase price: £48,750

  • Market Value: £64,000
  • Yield: 8.62%