South Road, Walkley, Sheffield
- PROPERTY TYPE
Triplex
- SIZE
1,518 sq ft
141 sq m
- TENUREDescribes how you own a property. There are different types of tenure - freehold, leasehold, and commonhold.Read more about tenure in our glossary page.
Freehold
Key features
- Freehold mixed-use investment opportunity
- 7% net yield
- Includes commercial unit with planning permission for residential
- Strong rental growth potential
- One-bed flat to the rear; two-bed duplex above
Description
An excellent opportunity to acquire a freehold, mixed-use investment at South Road, Sheffield S6, comprising three self-contained units extending to approximately 1518 sqft. The asset generates immediate income with clear scope for rental growth and value enhancement.
Current Income Profile
Ground floor commercial unit (office): £250 PCM
One-bedroom flat (located to the rear of the commercial unit): £580 PCM
Two-bedroom upper floor duplex apartment: £925 PCM
Total current rent: £1,755 PCM / £21,060 per annum
Investment Highlights:
- Freehold title
- Three self-contained units
- Immediate income-producing asset
- Commercial unit benefits from planning permission for change of use to residential (plans available, valid for 3 years)
- Reversionary potential across all units
- Rear-positioned one-bed flat adds privacy and lettings appeal
- Value-Add Opportunity
There is clear scope to increase rents in line with local market levels:
- One-bed flat: £600–£650 PCM
- Two-bed duplex: £1100 PCM
- Commercial unit: £300 PCM (or conversion to residential for further uplift)
Projected income (midpoint):
£650 + £1100 + £300 = £2050 PCM / £24,600 per annum
Yield Analysis (at £300,000 purchase price)
Current net yield:
£21,060 ÷ £300,000 = 7.0%
Reversionary net yield:
£24,600 ÷ £300,000 = 8.2%
Location – Strong Rental Fundamentals
Situated on South Road in the popular Hillsborough area of Sheffield, the property benefits from:
Excellent connectivity via the Sheffield tram system
Easy access to Sheffield city centre
A busy retail parade with shops, cafes, and amenities
Strong tenant demand from professionals and families
Close proximity to Hillsborough Park
Sheffield remains a highly attractive rental market, supported by affordability, economic growth, and ongoing regeneration.
Summary
A well-located, income-generating freehold asset offering:
7.0% net yield from day one
8.2% + potential net yield through active management
Additional upside via commercial-to-residential conversion
An ideal acquisition for investors seeking strong cash flow with clear upside potential.
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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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South Road, Walkley, Sheffield
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Visit our security centre to find out moreDisclaimer - Property reference 401-south-rd2. 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 Pure, Manchester. 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.
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