7 bedroom house of multiple occupation for sale

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7 bedroom house of multiple occupation for sale

Wadbrough Road, Sheffield, South Yorkshire
£500,000

Price History

Initial price £525,000
24/10/24 £500,000
Price Change -4.76%

Description

This is a prime HMO investment opportunity located in the vibrant and desirable S11 area of Sheffield, a hub for students and professionals. The property, converted into an HMO in 2010, features 7 bedrooms, 4 bathrooms, and a living and dining area. With a strong rental demand from students and young professionals, the property offers a gross yield of 7.27% and a net yield of 6.31%. The property is fully licensed and has no buyer fees or reservation costs. The area is well-connected, with excellent transport links and proximity to major universities and employers. Sheffield is also undergoing significant regeneration efforts, promising future capital growth. With a total monthly income of £3,031 and annual income of £36,372, this property is an attractive long-term investment opportunity for those looking to capitalize on the city's strong rental demand and economic fundamentals.