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South View Road

Sheffield, Yorkshire

£265,000Guide Price

  • Licenced 5 bed HMO
  • High current net yield: 9.01%
  • Immediate income on completion
  • Being sold under one title deed
  • High local rental demand

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South View Road, Sheffield

5 Bed HMO | £265,000 | 9.01% Net Yield
INVESTMENT HIGHLIGHTS
INCOME & RUNNING COSTS
Income and costs
Monthly
Annual
Gross rental income
£2,520
£30,240
Energy, water, broadband and TV licence
£530
£6,360
Net income after listed bills
£1,990
£23,880
At the asking price of £265,000, these figures provide a gross yield of 11.41% and a net yield of 9.01% after the listed bills.
No cleaning service is currently retained. For a future non-student letting, an estimated cleaning cost of £250 per month may apply. This is not included in the current net income or net yield.
HMO LICENSING & PLANNING
The vendor confirms that the property holds a full and current HMO licence. A Certificate of Lawfulness application has been submitted; approval has not yet been confirmed.
Licence conditions, permitted occupancy, expiry date and planning application status should be verified before purchase.
LOCATION
South View Road is close to Abbeydale Road’s independent cafés, bars and shops, with access to Ecclesall Road, Sheffield City Centre and both university campuses. The location appeals to student and professional sharers.

Return on Capital Employed (ROCE) Calculator

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Property Price


Mortgaged

Cash Purchase

Deposit

£0.00

25%

£265,000.00

Sourcing Fees

£3,000.00

£3,000.00

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Stamp Duty

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Property Rent

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£2,520.00

£2,520.00

Rental Income PA

£30,240.00

£30,240.00

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5%

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