0 bed Block of flats (for sale) Apt 1 - 6, Montgomery Mews, Netherthorpe S6

£850,000
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Spencers
469 Ecclesall Road
0114 287 0668
First Published

8th Nov 2018

Last Published

8th Nov 2018

 

Features

  • Type: Block of flats
  • Bedrooms: 0
  • Listing status: sale
  • Country: England

Description

A fabulous investment opportunity to purchase this block of six fully let spacious and quirky two bedroom apartments, currently managed by Spencer. Having been recently renovated by the current owner, this leasehold property generates an income of £52,860 per annum. Each unit has gas central heating, double glazing, hard wired smoke alarm system and allocated parking at the front of the building. This converted development is cool and contemporary in an excellent location for transport links and shopping. One of the feature benefits of owning the building is that you do not have the added expense of a service charge this is an ideal investment for a landlord looking for a portfolio of properties under one roof!

Montgomery Mews is located on Montgomery Terrace Road in Netherthorpe, situated close to tram links to the City Centre and Meadowhall. It is also within walking distance of Kelham Island and the Milestone. It's perfectly positioned for access to the rail station and the M1 motorway network via the Sheffield Parkway and ideal for people working in the City. Tesco and the Co-operative are close by as well as other local shops.

All enquiries and negotiations are conducted via our Spencer office. We are obliged under the Estate Agency Act 1991 to qualify all offers and an independent mortgage consultant will speak to you to substantiate your details. The particulars are set out as a general outline for guidance and do not constitute part of an offer or contract. Measurements are given in good faith and believed to be correct. Any prospective buyer should satisfy themselves as to the correctness of all statements and should not rely on them as representations of fact. No person in the employment of Spencer has any authority to make any warranty whatever in relation to this property. All parties entering the property or grounds to view do so at their own risk, as Spencer will have carried out only a very basic assessment of risk and hazards.

 

Local info for S6

Floor plan

 

Property Value Data/Graphs for S6

Property Type % Avg. current value Avg. # beds Avg. # bathrooms
Terraced house 28.4% £153,477 2.8 0.9
Flat 25.3% £99,170 1.5 1
Semi-detached house 17.5% £194,858 3.1 0.8
Detached house 12.8% £379,606 4 1.3
End terrace house 6.3% £156,547 2.9 0.9
Other 3.1% £498,785 3.9 1.3
Studio 2.5% £66,075 0.1 1
Maisonette 1.3% £81,238 2.8 0.8
Town house 0.9% £180,000 2.7 1
Bungalow 0.6% £312,500 3 1.5
Detached bungalow 0.6% £375,000 3 0.5
Land 0.3% £280,000 0 0
Mews house 0.3% £295,000 4 2

Area Information

Average Price Paid

£165,537

Sales

5972

Current Average Value

£187,304

Value Change

£21,767 13.1%

 

Current Asking Prices in S6 Average: £187,304

Property Type 1 Bed 2 Beds 3 Beds 4 Beds 5 Beds
Houses £58,483 (3) £131,346 (37) £180,816 (133) £344,986 (37) £477,696 (14)
Flats £73,090 (44) £124,079 (36) £106,238 (4) - -
All £72,157 (47) £127,762 (73) £178,639 (137) £344,986 (37) £477,696 (14)

Nearby Properties

3 bed Semi-detached house () Kingsway, Wombwell, Barnsley S73 £139,950
3 bed Town house () Highfield Lane, Rotherham S60 £215,000
2 bed Terraced house () New Street, Wombwell, Barnsley S73 £55,000
3 bed Terraced house () Pitt Street, Rotherham S61 £71,000
3 bed Semi-detached house () 25 Whitehill Drive, Brinsworth S60 £130,000
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