- Five-Bedroom Mid-Terrace House +
- HMO License, Generating £25,500 Per Annum, Gross Yield Circa 8.5% +
- Offered With No Onward Chain +
- Located Close To The City Centre +
- Bay-Windowed Living Room +
- Separate Modern Fitted Kitchen +
- A Generous Dining Room +
- Main Bathroom With Free Standing Bath +
- Secondary Bathroom With Three-Piece Suite +
- Low Maintenance Private Rear Garden +
Guide Price: £300,000 - £315,000.
Situated within easy reach of Sheffield city centre, this fully licensed five-bedroom HMO presents an ideal turnkey investment opportunity. Currently let and generating £25,500 per annum, the property delivers a gross yield of approximately 8.5%, offering strong and immediate returns for an investor seeking reliable income from day one.
Arranged over two floors, the accommodation is well laid out for multi-occupancy living. The bay-fronted communal lounge provides an inviting shared space with excellent natural light, while the modern fitted kitchen adjoins a generous dining area, ensuring practical day-to-day functionality for tenants.
The first floor comprises three well-proportioned bedrooms, all suitably sized for HMO use. The property benefits from two bathrooms: a primary bathroom featuring a freestanding bath, and a secondary bathroom fitted with a contemporary three-piece suite, both providing good-quality facilities for occupants. The second floor offers two attic bedrooms. The cellar has been fitted with a dedicated drying room, providing a practical space for tenants to dry laundry.
Externally, the property offers a low-maintenance private rear garden, appealing for tenants who value usable outdoor space with minimal upkeep.
With excellent transport links, close proximity to local amenities, Universities and the city centre, and no onward chain, this property represents a compelling investment with proven income and strong ongoing demand in the area.
IMPORTANT PLEASE READ:
Redbrik is marketing this property with the benefit of Redbrik SecureMove™. Redbrik has introduced SecureMove™ to help speed up the sales process, minimise sale fall-throughs and give more certainty to both the Seller and the Buyer. Purchasers will benefit from the Buyer Information Pack (BIP), which we have created with our legal partners, to give buyers more information before they agree to purchase.
The pack includes:
TA6 (Property Information Form)
TA10 (Fittings and Contents)
Official Copy of the Register
Title Plan
Local Search*
Water and Drainage Search*
Coal and Mining Search*
Environmental Search*
(Redbrik has ordered the local, drainage, coal and environmental searches; we will add these to the BIP as they become available)
Redbrik SecureMove™ allows the sale process to be completed significantly quicker than a ‘normal sale’. This is because the legal work, usually done in the first four to eight weeks after the sale is agreed, has already been completed. The searches, which can take up to five weeks, are ordered on the day the listing goes live and are transferable to the successful Buyer as part of their legal due diligence.
Additionally, and on behalf of the Seller, Redbrik requires the successful Buyer to enter into a Reservation Agreement and pay the Reservation Agreement Fee of £595 (including VAT). This includes payment for the Buyer Information Pack and all the searches (which a buyer typically purchases separately after the sale is agreed).
Upon receipt of the signed Reservation Agreement, payment of the Reservation Agreement Fee, completion of ID and AML checks and the issuing of the Memorandum of Sale, the Seller will agree to take the Property off the market and market it as Sold Subject To Contract (SSTC).
During the Reservation Agreement period, the Seller will reject all offers and not enter into another agreement with any other buyer. The reservation period is agreed upon at the time of sale but is usually between 60 and 120 days.
The Reservation Fee is non-refundable except where the Seller withdraws from the sale. A copy of the Reservation Agreement is available on request, and Redbrik advises potential buyers to seek legal advice before entering into the Reservation Agreement.