14, Rosedale Road, Off Ecclesall Road, S11
£550,000 (Asking price)
- HMO for nine
- Modern kitchen
- Two full bathrooms
- Large living room
- Dining room
- Let until June 2018
- Gas central heating
- Double glazed
- Article 4 Compliant
STUDENT INVESTMENT OPPORTUNITY! NINE BEDROOMED HMO FOR SALE.
Offered to the market with tenants in place until 30th June 2018 with a gross annual rental income of £43,992. The rent, which is all inclusive, allows for a capped sum of £520 per tenant for bills, leaving a net annual rent of £39,312. This nine double bedroomed mews house on this extremely popular street is located in the heart of Sheffield's premier student area and is just 250 metres from Sheffield Hallam University's Collegiate Campus. The property has nine double bedrooms, two full bathrooms, as well as a large living room, and spacious dining room and separate kitchen. To the front of the property is a large cobbled courtyard. The house has the benefit of Article 4 Direction historic tenancy compliance.
Planning permission has been submitted to extend the property to accommodate two further bedrooms, a shower room and laundry area. Assuming the planning application is granted the potential rental income would increase by a further £9776.00, less utility allowance of £1040.00. This would increase the total annual rent to £53,768.00 less utility allowance of £5,720.00 leaving a net rental income of £48,048.00
All enquiries and negotiations are conducted via our Spencer office. We are obliged under the Estate Agency Act 1991 to qualify all offers and an independent mortgage consultant will speak to you to substantiate your details. The particulars are set out as a general outline for guidance and do not constitute part of an offer or contract. Measurements are given in good faith and believed to be correct. Any prospective buyer should satisfy themselves as to the correctness of all statements and should not rely on them as representations of fact. No person in the employment of Spencer has any authority to make any warranty whatever in relation to this property. All parties entering the property or grounds to view do so at their own risk, as Spencer will have carried out only a very basic assessment of risk and hazards.