South View Road, Sheffield
- PROPERTY TYPE
Terraced
- BEDROOMS
12
- BATHROOMS
4
- SIZE
Ask agent
- 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
- Two licensed HMOs, one transaction — 5-bed and 7-bed properties sold together under a single freehold title
- Strong combined net income — £59,220 per annum, with a net yield of 9.11% at the £650,000 guide price
- Fully licensed and compliant — both properties hold a current HMO Licence, with Certificate of Lawfulness applications already submitted
- Prime rental location — moments from Abbeydale Road's bars, cafés and vintage shops, and a short walk to Ecclesall Road and the city centre
- Freehold tenure — no ground rent or lease restrictions
- Proven tenant demand — established lettings history supporting consistent occupancy and low void periods
Description
A rare opportunity to acquire two established, fully-tenanted HMO investments in one transaction. 22 and 26 South View Road are held under a single freehold title (as acquired by the current owner) and are offered for sale together at a guide price of £650,000.
No. 22 South View Road - 5-bedroom licensed HMO
No. 26 South View Road - 7-bedroom licensed HMO
Both properties hold a full HMO Licence, with Certificate of Lawfulness applications already submitted
Sold together under one freehold title deed
Please note: for the avoidance of doubt, there is no No. 24 South View Road - the title runs directly from No. 22 to No. 26
Combined current net income of £59,220 per annum
LOCATION
South View Road occupies an excellent position within one of Sheffield's most sought-after rental pockets, highly popular with student and professional sharers alike.
Moments from Abbeydale Road, home to a growing strip of independent bars, cafés and vintage/retro shops
A short walk to Ecclesall Road, Sheffield's premier bar, restaurant and boutique shopping destination
Within comfortable walking distance of Sheffield City Centre and both university campuses
This combination of lifestyle amenities and connectivity has historically supported strong, consistent tenant demand and low void periods for both properties.
NO. 22 SOUTH VIEW ROAD - 5 BED HMO
A 5-bedroom licensed HMO producing a current net income of £23,880 per annum, after deduction of the bills the owner covers on tenants' behalf (energy, water, broadband and TV licence). Tenants at No. 22 are responsible for and pay their own council tax directly.
Income & Costs - No. 22
Council tax paid directly by tenants
Energy, water, broadband & TV licence
£530
£6,360
Gross rental income (before bills): £30,240
Current net income: £23,880
NO. 26 SOUTH VIEW ROAD - 7 BED HMO
A 7-bedroom licensed HMO producing a current net income of £35,340 per annum, after deduction of the bills the owner covers on tenants' behalf (energy, water, broadband and TV licence). Where the property is let to a full student household, council tax is exempt, which is reflected in the current net figure.
Income & Costs - No. 26
Council tax: £126pcm (£1,512 per annum)
Energy, water, broadband & TV licence: £650pcm (£7,800 per annum)
Gross rental income (before bills): £43,140
Current net income (student-let, council tax exempt): £35,340
A cleaning service is not currently retained while the property is let to students. Should the property move to a non-student letting, a cleaner would typically be engaged at a cost of approximately £320 per month for No. 26 and £250 per month for No. 22, and council tax would become payable in the ordinary way for No. 26. These are flagged for a purchaser's future planning and are not reflected in the current net income figures above.
COMBINED FINANCIAL SUMMARY
No. 22: Gross - £30,240. Net - £23,880
No. 26: Gross - £43,140. Net - £35,340
Combined: £73,380. Net - £59,220
Current net yield: 9.11%
Figures above are based on current trading performance as supplied by the vendor and are provided for guidance only; they do not constitute a warranty or valuation. A prospective purchaser should rely on their own due diligence, including verification of income, licensing status, and running costs, before proceeding.
TENURE & LICENSING
Freehold
Both properties sold together under a single title deed, as acquired by the current owner
Both properties hold a full and current HMO Licence
Certificate of Lawfulness applications submitted for both No. 22 and No. 26 (status available on request)
No. 24 South View Road does not exist - numbering runs directly from No. 22 to No. 26
- 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.
- Ask agent
- PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
- Ask agent
- GARDENA property has access to an outdoor space, which could be private or shared.
- Ask agent
- ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
- Ask agent
Energy performance certificate - ask agent
Add an important place to see how long it'd take to get there from our property listings.
__mins driving to your place
Affordability
Notes
Staying secure when looking for property
Ensure you're up to date with our latest advice on how to avoid fraud or scams when looking for property online.
Visit our security centre to find out moreDisclaimer - Property reference 22-26-South-View-Road. 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.
*This is the average speed from the provider with the fastest broadband package available at this postcode. The average speed displayed is based on the download speeds of at least 50% of customers at peak time (8pm to 10pm). Fibre/cable services at the postcode are subject to availability and may differ between properties within a postcode. Speeds can be affected by a range of technical and environmental factors. The speed at the property may be lower than that listed above. You can check the estimated speed and confirm availability to a property prior to purchasing on the broadband provider's website. Providers may increase charges. The information is provided and maintained by Decision Technologies Limited. **This is indicative only and based on a 2-person household with multiple devices and simultaneous usage. Broadband performance is affected by multiple factors including number of occupants and devices, simultaneous usage, router range etc. For more information speak to your broadband provider.