The property is conveniently located on Springvale Road in Crookes.
Crookesmoor is an incredibly popular location that links Crookes to the network of Sheffield University sites, which can be easily accessed within a short walk.
Crookes has comprehensive shopping facilities and excellent local public houses and a range
Broomhill, with its fashionable cafe’s, pubs, restaurants and shops, can be found within half a mile and Sheffield City Centre is approximately two miles east.
Sheffield Royal Hallamshire Hospital, Children’s Hospital and Weston Park are all within one and half miles making this an ideal spot for consultants, hospital workers, and University staff and students.
This mid terrace property offers comfortable accommodation set over four levels.
The property benefits from a cellar ideal for storage purposes, Spacious lounge/fifth bedroom with bay window to front. A spacious dining room gives access into the fitted kitchen having a range of eye level and base units, complementary work surfaces and tiling to splashback areas, with a door leading to the rear patio area.
To the first floor the family bathroom is located to the rear with bath with over head shower, wash hand basin and low flush WC. Sizable master bedroom to front and a smaller double to rear.
The third floor gives access to two further rooms currently utilised as letting bedrooms.
We understand the property has mains gas, electric, water and drainage.
The property is currently achieving £750 pcm with three out of the five available letting rooms occupied. Representing a gross yield of 5.03%
We are advised that following a small programme of minor refurbishment and if all five of the potential letting rooms were occupied, the rent can be increased to £325pcm per room. Representing a gross yield 10.89%.
The property is rated in Council Tax Band B. Council Tax payable (2016/17) is £1,229.87.
To view this property, please contact John Pye Property – email@example.com – 0115 970 6060
245 Springvale Road
✓ Five lettable rooms
✓ Currently three rooms tenanted
✓ Currently achieving a rent of £250 per room per month
✓ Potential to increase rent to £325 pcm per room
✓ Potential £19,500 pa gross
✓ Potential yield of 10.89% when the property is fully occupied
✓ Close to amenities
✓ Ideally placed for the University and Hospitals
✓ Five bed HMO licence in place
Phone: 0115 970 6060
Our Ref: PR221