Cemetery Avenue, Sheffield, S11
- PROPERTY TYPE
Terraced
- BEDROOMS
6
- SIZE
1,556 sq ft
145 sq m
- TENUREDescribes how you own a property. There are different types of tenure - freehold, leasehold, and commonhold.Read more about tenure in our glossary page.
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Key features
- Off Market Opportunity
- 2 HMO's
- Potential Annual Income £71,760
Description
Rent Breakdown (Current Academic Year)
Cemetery Avenue:
5 tenants (1 room vacant)
Rent: £430 per person per month (pppm)
Total annual rent: £25,800
27 Cemetery Avenue:
6 tenants
Rent: £476.67 pppm
Total annual rent: £34,320
Combined Total Rent for 2023/24 Academic Year: £60,120
Rent Potential (Pre-Increase):
Cemetery Avenue:
6 tenants
Rent: £115 per person per week (pppw)
Total potential annual rent: £35,880
27 Cemetery Avenue:
6 tenants
Rent: £115 pppw
Total potential annual rent: £35,880
Combined Total Potential Rent for Normal Year: £71,760
Investment Opportunity:
Rent Upside: Current rents are on the lower side due to a former agent's rental model. Expect a gross annual rent of £75,000 for the 2025/26 academic year after switching agents and modest rent increases.
Condition: The properties have been extensively refurbished (stripped back to brick, expanded, remodeled) and present well, with only minor repairs required (e.g., wet room floor).
Flexibility: Exchange by the end of October 2024, with a potential deferred completion by negotiation.
Price & Comparable Sales:
Asking Price: £320k per house or £630k for both, with a discount for exchange before the end of October 2024.
Comparable Sale: No. 31 Cemetery Avenue (similar extended 6-bed) sold for £330k recently.
Key Location Insights - Sheffield, S11:
Area: The properties are located in an Article 4 area, restricting further HMO developments-good for maintaining future rental demand.
Student Market: Sheffield is home to two major universities, ensuring a steady flow of student tenants, with demand particularly high in S11, known for its proximity to the universities and vibrant student life.
Proximity: These terraces are a stone's throw away from student amenities, making them highly desirable for group rentals. The area is well-connected to the city center and university campuses.
Viewing and Next Steps:
Viewing Notice: Can be arranged with just 24 hours' notice.
Historical Data: Available on request, including tenancy agreements, bills, and rental receipts.
Floorplans: Available On request
- COUNCIL TAXA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council Tax in our glossary page.
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- PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
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- GARDENA property has access to an outdoor space, which could be private or shared.
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- ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
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Energy performance certificate - ask agent
Cemetery Avenue, Sheffield, S11
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