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4 bedroom terraced house for sale
196, Penistone Road North, Sheffield, South Yorkshire S6 1QA
£95,000
196, Penistone Road North, Sheffield, South Yorkshire S6 1QA
£95,000
Our Summary
- Auction Date Commencing on Monday 12th January at 1pm and ending 24 hours later on Tuesday 13th January at 1pm with Auction House South Yorkshire Please register to bid via our website - auctionhouse
- Available for auction is this four bed mid-terrace HMO, ideally situated close to local shops, restaurants and bars in Hillsborough, with Sheffield city centre approximately three miles away
- The rent is £300 per week (£15,600 per annum) with one room vacant, offering scope to increase income when fully occupied
- This is a well located investment opportunity offering immediate income with potential to enhance returns through refurbishment and full occupancy
Description
This four-bedroom mid-terrace HMO in Hillsborough is available for auction, with a starting bid date on January 12th and ending 24 hours later. The property is currently let to three tenants on individual agreements, with one room vacant, offering potential to increase income when fully occupied. The rent is £300 per week, generating £15,600 per annum. The property has a long lease with 677 years remaining, a peppercorn service charge, and a ground rent of £4 per annum. The EPC rating is E. An administration fee of £3600 inc VAT is payable on exchange of contracts, and disbursements may be payable by the purchaser on completion. This is a well-located investment opportunity offering immediate income with potential to enhance returns through refurbishment and full occupancy.