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Five Apartments @ 53 Lemont Road... 2 bed block of apartments for sale
Five Apartments @ 53 Lemont Road, Totley, S17 4GJ
£875,000
Five Apartments @ 53 Lemont Road, Totley, S17 4GJ
£875,000
Our Summary
- MorfittSmith are delighted to present Lemont House, a superb freehold investment opportunity located in the sought-after suburb of Totley, Sheffield
- With minor rent adjustments, the projected gross annual income increases to £57,000, offering a potential gross yield of 6
Description
MorfittSmith presents Lemont House, a freehold investment opportunity in the sought-after suburb of Totley, Sheffield, comprising five self-contained two-bedroom apartments. The modern conversion is fully tenanted, producing an annual income of £55,500, representing a 6.34% gross yield at the asking price of £875,000. With minor rent adjustments, the projected gross annual income increases to £57,000, offering a potential gross yield of 6.51%. The apartments are finished to a high standard, with contemporary kitchens, modern bathrooms, and well-proportioned living spaces, and are managed to a professional standard, ensuring reliable rental performance and minimal void periods. The location is highly desirable, popular with professional tenants, and offers excellent transport links, local amenities, and proximity to the Peak District National Park, making it a low-risk, high-performing addition to any portfolio.