30 Park Village, 200 Norfolk Park Road, Sheffield, South Yorkshire S2 2UA
- PROPERTY TYPE
Semi-Detached
- BEDROOMS
6
- BATHROOMS
2
- SIZE
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Description
Auction Commencing on Monday 30th March at 1pm and ending 24 hours later on Tuesday 31st March from 1pm with Auction House South Yorkshire.
Please register to bid via our website - auctionhouse.co.uk/southyorkshire
Vacant 6 Bedroom Investment Opportunity – Ideal for HMO or Student Let
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
Administration Fee: £3600 inc VAT payable on exchange of contracts.
Disbursements: Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.
- 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.
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- PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
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- GARDENA property has access to an outdoor space, which could be private or shared.
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- ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
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Energy performance certificate - ask agent
30 Park Village, 200 Norfolk Park Road, Sheffield, South Yorkshire S2 2UA
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Visit our security centre to find out moreDisclaimer - Property reference 202603081813sq_l6x4. 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 Auction House, South Yorkshire. 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 Auction House, South Yorkshire on 0114 697 5583.
*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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