Rotherham, S65 2RB | Investment Property for Sale | VES-S65-001

Opportunity to purchase a semi-detached house in Rotherham generating £6,000 rent pa and a gross yield of 5.5%

£110,000

Semi-detached House

VES-S65-001

INITIAL INVESTMENT

£33,300

Based on

deposit: £27,500

stamp duty: £3,300

mortgage fees: £1,500

conveyancing fees: £1,000

GROSS RENT

£6,000

GROSS YIELD

5.5%

ADD TO FAVOURITES

The property

TENANCY

Tenanted

TENURE

Freehold

3 bedrooms

1 bathroom

1 reception room

724

Unfurnished

Property information

  • Spread over 2 floors
  • Downstairs WC
  • Front and rear gardens
  • Kitchen leads out into the rear garden
  • EPC rating D
  • Monthly rental income £500

Tenancy

RENT

£6,000 p.a. / £500 pcm

TENANCY DEPOSIT

£500

TENANCY TYPE

AST

TENANCY AGREEMENT STARTED

6 months ago

TENANCY AGREEMENT ENDS

Periodic

Floorplans

Documents available on request, please contact for viewings or further questions.

The information relating to this property is supplied by the vendor and was the latest available information at the time of listing. Certain information may expire or become inaccurate over time.

Vesta makes no warranty as to the accuracy or completeness of the property listing or any associated information. All information should be reviewed by the purchaser and their solicitor.

About Rotherham

Rotherham is a town in South Yorkshire, England, located approximately 10 miles northeast of Sheffield.

The M1 motorway is a less than 3 miles from Rotherham town centre and connects it to Leeds in the north and London in the south. Rotherham Central railway station operates services to Doncaster, Wakefield and Leeds, as well as Meadowhall, Sheffield and York. The station is also served by the Sheffield Supertram trains, running between Rotherham Parkgate and Sheffield Cathedral.

The town centre is home to a variety of shops, including high street favourites, independent shops, cafes and bars. You can also find the Centenary Indoor Market and the Centenary Covered Market in town six days a week, providing everything from fresh produce to antiques, clothes, pottery, books and much more.

Rotherham also has several attractions to offer, including the hugely popular Magna Science Adventure Centre, Clifton Park Museum, Rotherham Minster, Wentworth Woodhouse and many more. The Civic Theatre and Arts Centre hosts a variety of dance, comedy, music, drama and variety shows throughout the year for all the family to enjoy.

Rotherham Metropolitan Borough Council published its 10-year economic plan for the town, with some of the developments already completed, like the brand new £10.5m University Centre Rotherham campus, or underway. There are plans for a leisure scheme on Forge Island providing a cinema, hotel, restaurants and bars and new residential housing; improvements of the waterside for public spaces and housing; redevelopment of the indoor market; an upgrade and refurbishment of the bus interchange and car park; to name a few.

A large proportion of residents commute for work to places like the Magna 34 business park, which is just outside of town and is home to employers such as Tata Steel, Parcelforce, Magna Science Centre and a number of smaller businesses. Other large employers can be found within the Advanced Manufacturing Park (AMP), which is located on the border of Sheffield and Rotherham. Boeing, Rolls Royce and McLaren are some of the most well-known companies that have made their home here. Other include Sheffield Hallam University, Oracel, CBRE, Labflex A/S, Iceotope and Waldeck Consulting.

Cambridge Crescent,

Rotherham,

South Yorkshire,

England,

S65 2RB

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Important Note

All information contained in this website is provided as a guideline only, is based on estimates and assumptions, may not be accurate or complete, and is subject to change. We make no representations or warranties with regards to this information, expressed or otherwise. A buyer who relies on such information does so at their own risk. Buyers are advised to seek independent financial advice and should undertake their own due diligence.

Your capital is at risk. Property values may decline and the property might not be able to be rented at amounts sufficient to cover debt interest costs, operating expenses and liabilities, and might not result in a positive cash flow. Property is an illiquid asset and should not be viewed as a short-term investment.

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