Newman Road, Wincobank, Sheffield
£160,000Knowing the purchase price means you can work out the total cost of buying the property.Read more about property price in our glossary page.
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- PROPERTY TYPE
Terraced
- BEDROOMS
4
- BATHROOMS
1
- 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
- FULLY OCCUPIED HMO
- TURNKEY INVESTMENT
- 2021 FULL REFURB
- FULLY MANAGED BY AGENT
- EN SUITE ROOMS
Description
Fully Occupied 4 Bed HMO Investment | £1,596 PCM Income| £160,000 Asking Price | Turnkey Investment
An excellent opportunity to acquire a fully occupied 4-bedroom HMO in the sought after S9 area of Sheffield, producing £1,596 per calendar month (£19,152 per annum) in rental income.The property is fully tenanted and currently managed by the selling agent, providing an attractive hands off investment opportunity with income from day one of ownership.
The property underwent a full refurbishment in 2021 and has been finished to a high standard throughout, offering four generously proportioned double bedrooms, each benefiting from its own private en suite shower room.
The accommodation is complemented by a modern communal kitchen, fitted with an oven, hob, extractor fan, two fridge freezers, washing machine and microwave.
Investment Highlights
- 4 bedroom HMO
- Fully occupied
- £399 per room per month
- £1,596 PCM rental income
- £19,152 annual rental income
- £160,000 asking price
- Approximately 11.97% gross rental yield (based on the asking price)
- Fully managed by the selling agent
- Full refurbishment completed in 2021
- All bills included within the room rents
- En suite facilities to every bedroom
- EPC Rating C
- Council Tax Band: A
- S9 area of Sheffield
The combination of full occupancy, established management, strong rental income and a previous full refurbishment makes this an ideal addition to an existing HMO portfolio or an opportunity for an investor looking to enter the Sheffield HMO market.
A genuine turnkey investment fully occupied, fully managed and generating income from day one.
Viewings are highly recommended.
- 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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Affordability
Monthly repayments£760
Property: £ 160,000
Deposit: £ 16,000
Interest rate: 4.85%
Term: 30 years
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Visit our security centre to find out moreDisclaimer - Property reference 10564s. 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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