Shoreham Street, Sheffield, S2

Guide Price: £270,000 - £280,000

Situated within easy reach of Sheffield city centre, this fully licensed five-bedroom HMO presents a highly versatile opportunity, suitable both as a ready-made rental investment and as a spacious home for owner occupation. The property will be sold with vacant possession, providing flexibility for a purchaser to either re-let immediately or move in.

As an investment, the property has most recently generated £25,500 per annum, representing a gross yield of approximately 8.8% at the lower end of the guide price. With its established layout and strong demand for shared accommodation in this location, it offers clear potential for attractive and consistent returns.

Arranged over two floors with additional attic accommodation, the internal layout is well suited to multi-occupancy living but would also translate comfortably into a generous family home or first-time purchase with ample bedroom space and flexibility for home working.

The bay-fronted communal lounge provides an inviting reception space with excellent natural light, while the modern fitted kitchen adjoins a generous dining area, creating a practical and sociable hub of the home. The first floor comprises three well-proportioned bedrooms, complemented by two bathrooms: a primary bathroom featuring a freestanding bath, and a secondary bathroom fitted with a contemporary three-piece suite. The second floor offers two further attic bedrooms, ideal as additional bedrooms, guest rooms or office space. The cellar has been fitted with a dedicated drying room, providing useful additional storage or utility potential.

Externally, the property benefits from a low-maintenance private rear garden, offering usable outdoor space without significant upkeep.

With excellent transport links, close proximity to local amenities, the Universities and the city centre, and the advantage of no onward chain, this is a rare opportunity to secure either a strong-yielding investment or a substantial home in a consistently popular and well-connected location.

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.