Income Producing Student Investment – 6 Bedroom Property Let at £17,139.60 per annum
Description
A substantial multi-level student investment property currently let and producing £1428.30 per calendar month, situated within the established Norfolk Park Village development, a popular residential and student location close to Sheffield city centre, Sheffield Hallam University and transport links.
The property forms part of a purpose-built student complex and provides generous multi-storey accommodation arranged over three levels, offering six bedrooms and two bathrooms, together with a large open-plan kitchen/lounge/dining area. The property benefits from modern fittings including fitted kitchen units, integrated appliances, double glazing and electric heating.
The accommodation is well suited for student letting, with individual bedrooms arranged across the lower ground and first floors, while the main communal kitchen and living space occupies the upper ground floor.
Norfolk Park Village is a well-established student and residential community located approximately 1 mile from Sheffield City Centre and within easy reach of Sheffield Hallam University, the train station and local amenities. The area is well served by supertram and bus routes, making it particularly attractive for student and young professional tenants.
The property is currently let producing £1428.30 pcm (£17,139.60 per annum), offering an attractive income producing investment opportunity with scope for future rental growth subject to market conditions.
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Accommodation
Arranged over three floors:
Lower Ground Floor
•{tab}Three bedrooms
•{tab}Bathroom
•{tab}Store
Upper Ground Floor
•{tab}Entrance hallway
•{tab}Large open plan Kitchen / Lounge / Dining Room
First Floor
•{tab}Three bedrooms
•{tab}Bathroom
Total floor area approximately 963 sq ft (89.5 sq m).
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Investment Highlights
•{tab}Income producing HMO investment
•{tab}Currently let at £1428.30 pcm.
•{tab}Six bedrooms
•{tab}Two bathrooms
•{tab}Popular student letting location
•{tab}Close to Sheffield Hallam University
•{tab}Approximately 1 mile from Sheffield city centre
•{tab}Well established student village development
•{tab}
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Tenure
Leasehold (buyers should verify details within the legal pack).
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Auctioneers Note
The property is offered subject to the existing tenancy agreements. Interested parties are advised to inspect the legal pack for full tenancy details.
Tenure: Leasehold
EPC Rating: D
Important Notice to Prospective Buyers
We draw your attention to the Special Conditions of Sale within the Legal Pack, referring to other charges in addition to the purchase price which may become payable. Such costs may include Search Fees, reimbursement of Sellers costs and Legal Fees, and Transfer Fees amongst others.
Administration Charge
£3600 inc VAT payable on exchange of contracts.
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- 6 Bedrooms
- Unconditional (Immediate Exchange)
Call the team on 0114 223 0777 for more information
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