- 4 Bedroom 3 Bathroom (2 Ensuites) +
- Generating £24,000 Per Annum +
- Gross Yield Of 12% +
- Fully Tenanted +
- Strong Level Of Demand For HMO Properties In The Area +
- Not Situated In Article 4 Area So No Need For a HMO Licence +
Pure Investor is delighted to bring this four-bedroom, three-bath HMO property for sale in Sheffield. The property offers buyers an instant income as every bedroom is currently tenanted and generating around £24,000 per annum. Due to the property not being situated in an Article Four area, there is no need for an HMO license to be in place. Boasting a gross yield of 12% this property is one not to be missed.
The property consists of a double bedroom downstairs, dining, communal areas, and a kitchen to the rear. On the first floor are two double bedrooms, one with an ensuite to the front of the property room and a family bathroom to the rear. The largest bedroom is located in the loft, which has an ensuite.
Investment Information
- Asking price: £200,000
- Gross Rental Income: £24,000
- Gross Yield: 12%
Outgoing Costs
- Gas: £80.00pcm
- Electric: £80.00pcm
- Water: £45.00pcm
- Broadband; £27.00pcm
- Council Tax: £125.00pcm
- Cleaner: £60.00pcm
- Total Outgoing Costs: £5,400 per annum
- Net Rental Income: £18,600
- Net Yield: 9.3%
* The above figures do not include management fees as these can vary.