Redbrik

Guide Price £285,000 - £300,000.

This well-presented five-bedroom terraced property offers generous, versatile accommodation across two floors, making it an excellent opportunity for investors, particularly those targeting student or professional sharers. This fully licensed HMO presents a strong investment opportunity, currently let and generating £27,374.80 per annum, equating to a gross yield of approximately 9.6%

The ground floor is designed with shared living in mind, offering a well-balanced mix of private and communal spaces. The spacious kitchen/dining room provides a sociable setting with ample room for both cooking and shared meals. Three well-proportioned double bedrooms are arranged across the floor, with two three-piece bathrooms serving the space, creating a practical and flexible layout.

Upstairs, the property continues to impress with two additional generously sized double bedrooms, both offering excellent proportions and filled with natural light. These are served by a large three-piece bathroom, finished in a simple, contemporary style, providing convenience for occupants on this floor.

Throughout, the property is presented with neutral decor and is in excellent condition, creating a space that’s ready to move into while still offering potential to personalise.

Ideally located in the heart of Sheffield city centre, the property is within easy reach of the universities, hospitals and key transport links, along with a wide range of shops, cafés and green spaces, making it a convenient and well-connected place to live.

REDBRIK SECUREMOVE™ - IMPORTANT PLEASE READ:

This property is being marketed with Redbrik SecureMove™, our approach to bringing greater transparency, commitment and certainty to the home moving process. By providing important property and legal information upfront, SecureMove™ helps buyers make more informed decisions, helps prevent unnecessary delays and minimises the risk of a sale falling through, providing greater reassurance for both buyers and sellers.

Purchasers will benefit from the Buyer Information Pack (BIP), which we have created with our legal partners, to give buyers more information before they agree to purchase. 

The pack includes:

Property Information Questionnaire (PIQ)

TA6 (Property Information Form)

TA10 (Fittings and Contents)

Official Copy of the Register

Title Plan

Local Search*

Water and Drainage Search*

Coal and Mining Search*

Environmental Search*

(*Redbrik has ordered the local, drainage, coal and environmental searches; we will add these to the BIP as they become available)

Redbrik SecureMove™ allows the sale process to be completed significantly quicker than a ‘normal sale’. This is because the legal work, usually done in the first four to eight weeks after the sale is agreed, has already been completed. The searches, which can take up to five weeks, are ordered prior to marketing and are transferable to the successful buyer as part of their legal due diligence. 

Additionally, and on behalf of the seller, Redbrik requests that the successful Buyer enters into a Reservation Agreement and pays the Reservation Agreement Fee of £595 (including VAT). This includes payment for the Buyer Information Pack and all the searches (which a buyer typically purchases separately after the sale is agreed).

Upon receipt of the signed Reservation Agreement, payment of the Reservation Agreement Fee, completion of ID and AML checks and the issuing of the Memorandum of Sale, the Seller will agree to take the Property off the market and market it as Sold Subject To Contract (SSTC).

During the Reservation Agreement period, the seller will reject all offers and not enter into another agreement with any other buyer. The reservation period is agreed upon at the time of sale but is usually between 60 and 120 days.

The Reservation Fee is non-refundable except where the seller withdraws from the sale. A copy of the Reservation Agreement is available on request, and Redbrik advises potential buyers to seek legal advice before entering into the Reservation Agreement.

If you have any questions about the process or want to know how selling or buying with Redbrik SecureMove™ could benefit you, please speak to a member of the Redbrik team.