Price £ 355,000
Reference 49611
Address 35 Sheffield Road, Chesterfield, S41
(Map Location)
Beds 5
Baths 5
Type Terraced house
Tenure Freehold

BUY TO LET INVESTMENT OPPORTUNITY 35 - 37 SHEFFIELD ROAD 2 X terrace houses situated close to the town centre. 5 individual units with 3 currently occupied.

Description

Buy to let investment opportunity

35 - 37 SHEFFIELD ROAD 2 x terraced houses converted into 5 individual units, situated within walking distance of Chesterfield town centre. There is internal access between both properties.

3 of the 5 units are currently occupied on 12 month rolling tenancy agreements. The other 2 x units are empty, and currently undergoing refurbishment.

2 of the units offer the potential to be converted to Airbnb, increasing potential income to around £35,000 per year (based on 200 days occupancy)

The fire alarm system for the whole property, including each individual unit has been recently upgraded and certified.

Each unit has also recently had a new electric consumer unit and metro pre pay meter fitted. They also have their own individual water meter.

The tenants are responsible for paying all utilities and council tax direct.

Each unit has it's own EPC, with ratings of between D and E, meeting the requirement for rental properties.

The whole property is in need of refurbishment, including the replacement of some windows, kitchen/bathroom furniture and flooring.

Prior to any sale, the current owner is willing to negotiate on the purchase price depending on the remaining work left to be completed upon sale.

Unit 1

Situated on the 1st Floor, with a separate kitchen, bathroom and bedroom/living area. This unit is currently occupied.

Unit 2

Situated on the Ground Floor, with a separate kitchen/living area, bedroom/living area and bathroom. This unit also has it's own external door leading directly outside onto a shared court yard at the rear. This is one of the units with potential use as an Airbnb. This unit is currently occupied.

Unit 3

Situated on the 1st Floor with a separate kitchen, bathroom and bedroom/living area. This unit is currently empty.

Unit 4

Situated on the Ground Floor, with a separate kitchen bedroom/living area and bathroom. This unit also has it's own external door leading directly to an enclosed outdoor area. There is also access to an outbuilding. This is one of the units with potential use as an Airbnb. This unit is currently empty.

Unit 5

Situated on the 1st Floor with a single kitchen/bedroom/living area and separate bathroom. This unit is currently occupied.

View the EPC for this property


Features

  • Buy to let investment opportunity
  • 2 substantial terraced houses converted into 5 individual units.
  • Rental income (full occupancy) approx £26,000 per year.
  • Potential for Airbnb in 2 x units increasing potential income to approx £35,000.
  • Fire Alarm system upgraded and certified in August 2023.
  • Electrical Certification for each unit dated August 2023.
  • EPC ratings of D to E
  • Each unit with own pre pay electric and individual water meter.
  • Enclosed Rear Courtyard with outbuilding
  • No Chain

Map Location