7 bedroom terraced house for sale

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7 bedroom terraced house for sale

Priory Avenue, Sheffield, South Yorkshire, S7
£245,000

Our Summary

  • Starting Price: £265,000Development Opportunity
  • Excellent Re-Sale or Long Term BTL OptionsOn offer is a remarkable development opportunity for investors, located in the highly sought-after Nether Edge area, well-known for its excellent public transport links and local amenities
  • This terraced property, loosely configured, is ripe for renovation and has PLANNING GRANTED for four apartments or for a seven bed HMO
  • There is also a cellar available should you wish for further conversion or additional storage
  • The property presents a complete back-to-brick project, promising a world of potential for its new owners
  • The planning consent already granted allows for immediate renovation, or you could reapproach the local authority with new plans, depending on your vision
  • Each of the rooms are generously sized, offering ample space for potential tenants or residents
  • This property is an ideal purchase for developers and portfolio landlords alike
  • This property is a fantastic letting opportunity and an exciting renovation project with promising potential
  • Don't miss out on this investment opportunity in a prime location
  • *This property is for sale by the Modern Method of Auction, meaning the buyer and seller are to Complete within 56 days (the "Reservation Period")
  • Development Opportunity
  • Planning Permission Granted
  • Sold via Online Auction

Description

This development opportunity in the highly sought-after Nether Edge area presents a remarkable chance for investors to renovate a terraced property and create four apartments or a seven-bed HMO. With planning granted, the property is ripe for renovation and offers a blank canvas for its new owners to design and optimize the spaces. The property has a cellar available for additional storage or conversion, and its location provides excellent public transport links and local amenities. With values in the area topping £500,000, this property has excellent resale value, and with the right specification, the bedrooms could attain rents exceeding £500-£600 per month. This is a fantastic letting opportunity and an exciting renovation project with promising potential, making it an ideal purchase for developers and portfolio landlords alike.