Latest Valuation
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ROCE
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Selling Agent
Sourced Manchester Central

28.49% ROI – Part-Tenanted 6 Bed Student HMO in Sheffield

This custom-built student house is a fantastic addition to any clever investor’s portfolio.
Guide Price
£160,000

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Key Features

  • Low purchase price
  • Excellent cash flow of £1,000+
  • Established HMO
  • Part-tenanted
  • Close to Sheffield City Centre
  • Low maintenance

The Property

Sourced are proud to present this part-tenanted student HMO located in Sheffield, with a huge ROI of 28.49% and reduced sourcing fee. This established property comprises 6 double bedrooms with a lovely kitchen and no refurbishment needed. Also, this investment opportunity offers a fantastic cashflow of over £1,000 pcm and has been left on lease for 117 years.

This custom-built student house is a fantastic addition to any clever investor’s portfolio. Located in Sheffield, this area has excellent capital appreciation and several amenities nearby such as the Sheffield City Centre.

The Financials:

Purchase price: £160,000
Sourcing fee WAS: £5,000
NOW: £4,000
Legals: £2,000
Light paint: £2,000
ROI: 28.49%
Yield: 13.5%
Self-managed cashflow: £1,230 pcm
Managed cashflow: £1,014 pcm

Planning Information

N/A

The Plan

Fantastic student 6 bed HMO in Sheffield.

Located in a beautiful student village in Sheffield, this 6 double bed HMO is a fantastic deal for a clever investor.

Custom built in 2008, the house has structured cabling, a lovely dining kitchen, benefits from the great monthly cash flow and capital appreciation in the area.

The Financials:

Purchase price: £160,000
Sourcing fee WAS: £5,000
NOW: £4,000
Legals: £2,000
Light paint: £2,000
ROI: 28.49%
Yield: 13.5%
Self-managed cashflow: £1,230 pcm
Managed cashflow: £1,014 pcm

The Location

Properties in Sheffield had an overall average price of £206,285 over the last year.

The majority of sales in Sheffield during the last year were semi-detached properties, selling for an average price of £195,615. Terraced properties sold for an average of £156,251, with detached properties fetching £351,947.

Overall, sold prices in Sheffield over the last year were 4% up on the previous year and 11% up on the 2017 peak of £185,422.

Average estimated value for a house in S2 2UA

£

Recently built student residence in the same postcode shows demand for occupancy in area.

https://www.rightmove.co.uk/house-prices/s2-2ua.html

Over 210 rooms wanted in this are on Spare Rooms:

https://www.spareroom.co.uk/flatmate/flatmates.pl?search_id=996065253&

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