Property photos
£2,250,000
(£414.75/sq. ft)
Property for sale
39A, B, C, D And 41 Crookes Road, Sheffield, South Yorkshire S105,425 sq. ft
Available immediately
Local area information
Property location
Nearby amenities
- Broomhill Infant School 0.2 miles
- King Edward VII School 0.3 miles
- Sheffield 1.6 miles
- Dore & Totley 3.6 miles
These distances are calculated in a straight line. The actual route and distance may vary.
Features and description
- HMO Investment in Excellent Location in Broomhill
- 5 properties totaling 28 beds, fully let for academic year 24/25
- Total passing rent of £168,720 per annum
Location
Sheffield boasts a thriving student population of over 60,000, creating a robust demand for rental properties. Despite rising rental prices, the city remains relatively affordable compared to other UK student hubs.
With a shortage of student accommodation and increasing competition for properties, Sheffield presents a compelling investment opportunity for landlords seeking strong rental yields. The subject properties are located on the popular student road of Crookes Road, running perpendicular to the main road in Broomhill, Fulwood Road.
The subject property is located in the prime student area of Broomhill, providing easy access to University of Sheffield campus.
Description
Crookes Road is a prime student HMO development comprising of 4 fully licenced HMO properties and 1no. Detached 1 bed apartment. The property comprises 3no. 6 bed houses, 1no. 9 bed house and 1no. 1 bed detached house.
There is development potential to create an additional bedroom in the 9 bed house, which benefits from two kitchens and access doors, providing the ability for this to be let as 4/5 bed houses.
The property is fully let for the 2024/25 academic year until 30th June 2025. Potential to increase rents ahead of the next academic year. The total rent for the property is £168,720 per annum.
Terms
The properties are available to purchase for a quoting price of £2,250,000, which reflects a Net initial Yield of 7.05%, allowing for purchaser costs of 6.33%.
Sheffield boasts a thriving student population of over 60,000, creating a robust demand for rental properties. Despite rising rental prices, the city remains relatively affordable compared to other UK student hubs.
With a shortage of student accommodation and increasing competition for properties, Sheffield presents a compelling investment opportunity for landlords seeking strong rental yields. The subject properties are located on the popular student road of Crookes Road, running perpendicular to the main road in Broomhill, Fulwood Road.
The subject property is located in the prime student area of Broomhill, providing easy access to University of Sheffield campus.
Description
Crookes Road is a prime student HMO development comprising of 4 fully licenced HMO properties and 1no. Detached 1 bed apartment. The property comprises 3no. 6 bed houses, 1no. 9 bed house and 1no. 1 bed detached house.
There is development potential to create an additional bedroom in the 9 bed house, which benefits from two kitchens and access doors, providing the ability for this to be let as 4/5 bed houses.
The property is fully let for the 2024/25 academic year until 30th June 2025. Potential to increase rents ahead of the next academic year. The total rent for the property is £168,720 per annum.
Terms
The properties are available to purchase for a quoting price of £2,250,000, which reflects a Net initial Yield of 7.05%, allowing for purchaser costs of 6.33%.
More information
Listed by
Commercial Property Partners
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