Summerfield Street, Sheffield, S11

Guide Price: £400,000 - £425,000

This substantial eight-bedroom/eight-bath property is situated just off Ecclesall Road and within walking distance of the city centre. Ideal for an investor looking to add to their portfolio, it is superbly presented throughout, has a valid HMO licence until 2026 and valid SNUG certificate until 2027.

Accommodation is split across four levels, including a lower ground-floor lounge and fitted kitchen. The bedrooms are all well-proportioned, with six featuring an en-suite shower room. Two shower rooms service the remaining two bedrooms, ensuring complete flexibility for residents. The property also provides two allocated parking spaces, which is a real bonus in this area.

The property generated in the region of £36,000 when fully let to students, working out at circa 9% gross yield for a period of 44 weeks; and on a pro-rata basis the property can generate in the region of £42,380 for 52 weeks when fully let to students and or professionals.

The location couldn’t be better - you have Ecclesall Road just around the corner and you’re within easy reach of the city centre. There are parks nearby, and transport links are excellent, including regular bus services.

Energy Rating - C. Tenure - Freehold

REDBRIK SECUREMOVE™ - 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.

Parking - Off street

Off road parking of two vehicles