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SOLD STC

197 Springvale Road, Commonside, S6 3NT

PROPERTY TYPE

End of Terrace

BEDROOMS

4

BATHROOMS

1

SIZE

1,324 sq ft

123 sq m

Describes how you own a property. There are different types of tenure - freehold, leasehold, and commonhold.Read more about tenure in our glossary page.

Key features

  • For Sale by Modern Auction - T&c's apply
  • Subject to Reserve Price and Buyers Fees apply
  • Leasehold.
  • The Modern Method of Auction
  • Entrance Hall. Open plan dining/kitchen arrangement that acts as a great communal space.
  • Ground floor double bedroom. Two first floor double bedrooms. Large attic double bedroom.
  • Shower room with W.C alongside an additional, and separate W.C.
  • Superb rental income of £17'952 for the 2024/2025 academic year and let for the following calender year until June 26 at £18'304
  • Great location for students, close to Sheffield University and the main city hospitals.
  • Council Tax Band C, EPC rating D55 and an 800 year lease from 1945 @ £3 per annum.

Description

ATTENTION INVESTORS: A spacious, end of terrace, 4 bedroom, student property that generates an impressive £17,952 per annum (£86.30 per person, per week) and is currently let until June 2025. The property has now been let for the following calendar year until June 2026 via Dove properties at an improved, £88 per person per week (£18'304). The property is ideally placed for access to both Sheffield and Sheffield Hallam Universities and has been successfully fully let with the current agents since June 2021 and continually let privately before that, since 2011.

This property is for sale by the Modern Method of Auction, meaning the buyer and seller are to Complete within 56 days (the "Reservation Period"). Interested parties personal data will be shared with the Auctioneer (iamsold).
If considering buying with a mortgage, inspect and consider the property carefully with your lender before bidding.
A Buyer Information Pack is provided. The winning bidder will pay £349.00 including VAT for this pack which you must view before bidding.
The buyer signs a Reservation Agreement and makes payment of a non-refundable Reservation Fee of 4.50% of the purchase price including VAT, subject to a minimum of £6,600.00 including VAT. This is paid to reserve the property to the buyer during the Reservation Period and is paid in addition to the purchase price. This is considered within calculations for Stamp Duty Land Tax.
Services may be recommended by the Agent or Auctioneer in which they will receive payment from the service provider if the service is taken. Payment varies but will be no more than £450.00. These services are optional.

Description - This end of terrace property is ideally placed for access to both Sheffield and Sheffield Hallam Universities was recently re-roofed (in 2022) and re carpeted in 2023. The property, however, is in need of some mid-to-long-term renovations in some places, as some aspects of the property are now outdated, including the kitchen, but overall the property makes a fantastic investment opportunity. . There are four double bedrooms, situated over three floors and a smart, open plan kitchen diner arrangement at the end of the entrance hallway helping to make this property such a popular choice among prospective tenants over the years and a great investment for the owners. The area of Commonside is very much something of a hidden gem, well served by an excellent range of amenities that include regular transport links into town and a number of busy pubs that create a great social scene.

Brochures

197 Springvale Road, Commonside, S6 3NTBrochure
COUNCIL TAXA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council Tax in our glossary page.
Band: C
PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
Ask agent
GARDENA property has access to an outdoor space, which could be private or shared.
Ask agent
ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
Ask agent

197 Springvale Road, Commonside, S6 3NT

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About Eadon Lockwood & Riddle, Banner Cross

888 Ecclesall Road Banner Cross SHEFFIELD S11 8TP
Industry affiliations:
INTRODUCTION

ELR Banner Cross covers the great city of Sheffield, we've been selling homes across the city since 1840. We specialise in the local neighbourhoods of the South West side of Sheffield.

Our longstanding and established branch houses our sales team, who pride themselves on delivering the very best service and advice to both buyers and sellers along with an unrivalled knowledge of the Sheffield market. Our experienced and dedicated team offer professional and friendly expertise supporting all your property needs.

Your mortgage

Per year
Lender usually expects a 10% deposit
%
Choose between 1 and 40 years
Years
%
Monthly repayments
£715
We think you can borrow up to
Add your household income above
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Disclaimer - Property reference 33353454. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Eadon Lockwood & Riddle, Banner Cross. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call Eadon Lockwood & Riddle, Banner Cross on 0114 697 1883.

*Guide Price: An indication of a seller's minimum expectation at auction and given as a “Guide Price” or a range of “Guide Prices”. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.

Reserve Price: Each auction property will be subject to a “Reserve Price” below which the property cannot be sold at auction. Normally the “Reserve Price” will be set within the range of “Guide Prices” or no more than 10% above a single “Guide Price.”

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