6 bedroom terraced house for sale

>

6 bedroom terraced house for sale

Cemetery Avenue, Sheffield, S11
£320,000

Our Summary

  • 67 pppm Total annual rent: £34,320 Combined Total Rent for 2023/24 Academic Year: £60,120 Rent Potential (Pre-Increase): Cemetery Avenue: 6 tenants Rent: £115 per person per week (pppw) Total potential annual rent: £35,880 27 Cemetery Avenue: 6 tenants Rent: £115 pppw Total potential annual rent: £35,880 Combined Total Potential Rent for Normal Year: £71,760 Investment Opportunity: Rent Upside: Current rents are on the lower side due to a former agent's rental model

Description

This property consists of two extended and remodeled Victorian terraces, each with a high rental potential. The current rent breakdown for the 2023/24 academic year is £60,120, with a potential rent of £71,760 in a normal year. The properties have been extensively refurbished and present well, with only minor repairs required. The asking price is £630,000 for both properties, with a discount available for exchange before the end of October 2024. The location is ideal for student rentals, with two major universities nearby and a steady flow of student tenants. The area is also well-connected to the city center and university campuses. Viewing can be arranged with 24 hours' notice, and historical data, including tenancy agreements and rental receipts, is available on request.
Finance This Property