Vacant 6 Bedroom Investment Opportunity – Ideal for HMO or Student Let
Description
Offered for sale by auction is this substantial and well-configured six-bedroom investment property, located within the popular Norfolk Park area of Sheffield, just minutes from the city centre, Sheffield Hallam University and excellent transport links.
The property is arranged over three floors and provides approximately 969 sq ft (90 sq m) of accommodation. Previously utilised as shared accommodation, the layout lends itself perfectly to HMO/student letting, making it an attractive opportunity for investors seeking strong rental yields.
Accommodation
The property briefly comprises:
Lower Ground Floor
•{tab}Three bedrooms
•{tab}Bathroom with shower, WC and basin
•{tab}Separate WC
Upper Ground Floor
•{tab}Spacious open-plan kitchen/diner and living area
First Floor
•{tab}Three further bedrooms
•{tab}Shower room with WC and basin
Externally the property forms part of a modern development within landscaped communal grounds.
The property is sold with vacant possession, allowing a purchaser to immediately let the property or refurbish to maximise rental income.
Investment Potential
Due to the layout and proximity to universities and the city centre, the property is highly suited to student or professional HMO letting.
Based on current Sheffield market conditions, the property could achieve approximately:
£95 – £120 per room per week
Providing an estimated gross annual rental income of approximately:
£29,500 – £37,500 per annum
(subject to management, specification and letting strategy)
This presents a strong potential yield for investors, particularly once fully let.
Location
Norfolk Park is a well-established residential area popular with students and young professionals, benefitting from:
•{tab}Walking distance to Sheffield city centre
•{tab}Close to Sheffield Hallam University
•{tab}Nearby tram stops and bus routes
•{tab}Easy access to shops, supermarkets and amenities
The area continues to see strong rental demand due to its convenience and affordability.
Tenure
Leasehold (details to be confirmed in legal pack).
Auctioneers Note
The property is offered vacant, providing immediate flexibility for investors seeking either a high-yield HMO investment or a multi-let residential property.
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
£3,600 inc vat payable upon the fall of the virtual gavel
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- 6 Bedrooms
- Unconditional (Immediate Exchange)
Call the team on 0114 223 0777 for more information
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