Pitt Street, Rotherham
- PROPERTY TYPE
Terraced
- BEDROOMS
6
- BATHROOMS
4
- SIZE
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- 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
- EPC-D
- INVESTMENT OPPORTUNITY
- FULLY OPERATING HMO
- INCOME FROM DAY ONE
- PRIME LOCATION
- SOLD WITH NO CHAIN
Description
POTENTIAL £36,000+ PER ANNUM | FREEHOLD | NO CHAIN
An excellent opportunity to acquire a fully occupied six bedroom HMO in the established residential
area of Kimberworth, Rotherham.
Currently generating £28,860 per annum in gross rental income, representing an attractive gross
yield of approximately 11.5% at the asking price, the property also offers clear potential to increase
income to £36,000+ per annum through direct management and rental optimisation, delivering a
potential gross yield in excess of 14%.
Large HMOs of this size are rarely available within the S61 postcode, making this an attractive
proposition for investors seeking immediate cash flow, strong returns, and long term demand
fundamentals.
The Property
The accommodation comprises six letting rooms, four bathrooms and communal facilities, currently
occupied by working tenants and generating income from day one.
The property benefits from gas central heating, double glazing, upgraded fire safety systems,
compliant fire doors, a recently installed boiler and various improvements carried out during
ownership, providing a solid operational foundation for an incoming investor.
The Opportunity
A key benefit of this purchase is flexibility. The property can continue under a fully managed
arrangement, be self managed, or be operated under a guaranteed rent model, allowing the
purchaser to adopt the strategy that best suits their investment objectives.
Location
Situated within easy reach of Rotherham town centre, Sheffield, Meadowhall and the M1 motorway
network, the property is ideally positioned for working professionals and key workers.
The area
benefits from strong rental demand, excellent transport links and convenient access to local
amenities.
Investment Highlights
• Fully occupied six bedroom HMO
• £28,860 current annual gross income
• Approximately 11.5% gross yield at asking price
• Potential income exceeding £36,000 per annum
• Potential gross yield exceeding 14%
• Income producing from day one
• Strong tenant demand
• Freehold ownership
• No onward chain
• Rare larger HMO opportunity within the local market
Detailed tenancy schedules, compliance documentation and operational information are available
upon request.
EPC Rating: D
Council Tax Band: A
Freehold
No Chain
- 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.
- On street
- 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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