>
6 bedroom terraced house for sale
Cemetery Avenue, Sheffield, S11
£320,000
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.