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
INVESTMENT OPPORTUNITY | 6 BEDROOM HMO | 10.7% RENTAL YIELD | FULLY TENANTED
The Numbers
The property is currently generating an annual income of £28,860, delivering an impressive gross yield of 10.7%. Under the current management arrangement, all bills are covered by the management company, meaning the income received by the owner is effectively a net return.
For investors with ambition, there is a clear and realistic pathway to increase the annual income to £36,000+, which would push the yield to an exceptional 13.3%.
Location
Situated in Kimberworth, one of Rotherham's well established residential areas, the property benefits from excellent connectivity.
The area enjoys strong bus links into Rotherham town centre and nearby Sheffield, with easy access to the M1 motorway, making it highly appealing to working professionals, NHS staff, and key workers. Meadowhall Shopping Centre is also within easy reach, adding to the area's everyday convenience.
Local amenities including shops, schools, and green spaces are all close by, underpinning sustained tenant demand and low void risk.
Why This Property?
- 10.7% current net yield! income effectively net with bills covered by management
- Potential 13.3% yield with uplift to full income potential of £36,000+ per annum
- Fully tenanted generating income from day one
- Managed investment existing management company structure in place
- Rare opportunity large HMOs of this size are uncommonly available in S61
- Strong tenant demand excellent location for working professionals and key workers
The property is currently under a guaranteed rent / management arrangement with an award winning HMO property management company. Under this structure, they manage the day to day operation of the property, including tenant management and bills, in exchange for a fixed monthly payment to the landlord. The current agreement is due to end on 31 July 2026 following notice already served by them.
Investors are advised to conduct their own due diligence. Yield figures quoted are based on information provided by the vendor. Viewing strictly by appointment
COUNCIL TAX BAND A & EPC RATING D
CHAIN FREE
FREEHOLD
- 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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Energy performance certificate - ask agent
Pitt Street, Rotherham
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Visit our security centre to find out moreDisclaimer - Property reference 10500s. 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 Haus Sales & Lettings, Covering 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.
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