3 bedroom semi-detached house for sale

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3 bedroom semi-detached house for sale

Leedham Close, Sheffield, S5
£1,000

Our Summary

  • * Consent Fees For alterations, extensions, loft conversions or changes of use that require freeholder approval
  • Buyers prefer: * Zero ground rent * No lease issues * No external freeholder Flexibility for improvements or changes You no longer need a freeholder's permission for: * Extensions * Alterations * Loft conversions (if applicable) * Structural changes (Planning permission is still needed
  • For Sale by Auction 10th December 2025

Description

This property description is for a freehold ground rent investment secured on a semi-detached property, offering a unique opportunity for investors and homeowners alike. As the freeholder, you gain control over the land, building, and long-term income streams, including fees for assignment, consent, breach of lease, and non-payment. This provides a reliable and repeatable income stream beyond traditional rent. You also have full control over the building, allowing you to appoint or replace managing agents, control service charge budgets, and ensure proper maintenance. The lease provides protection and power, ensuring compliance with covenants and allowing you to take formal action if necessary. Additionally, freeholds typically increase in value over time, providing a long-term asset appreciation. Homeowners who purchase the freehold can stop paying ground rent, gain control over their property, and avoid the stress and costs associated with extending the lease. Overall, buying the freehold offers a high-control, high-return asset with numerous benefits, including ongoing income potential, full control of the building, protection and power through the lease, long-term asset appreciation, and additional benefits.