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Priory Avenue, South Yorkshire S7 7 bed terraced house for sale

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Priory Avenue, South Yorkshire S7 7 bed terraced house for sale

Priory Avenue, South Yorkshire S7
£265,000

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 Nether Edge area of Sheffield is a rare find for investors, offering a blank canvas for renovation and potential for high returns. The property, a terraced house, has planning permission granted for four apartments or a seven-bedroom HMO, and also features a cellar for additional storage or conversion. With no current reception rooms or kitchens, the layout is ripe for design and optimization to fit the needs of tenants or residents. The property is located in a highly sought-after area with excellent public transport links and local amenities, and values in the area have been known to top £500,000. With the potential to achieve rents of £1,000 per month or more, this property is an ideal purchase for developers and portfolio landlords looking for a lucrative investment opportunity.