Sheffield renovation project comes to market
A RENOVATION project in picturesque town Laughton-en-le-Morthen, close to Rotherham and Sheffield, is to go under the online hammer as part of a £5 million UK wide sale next week.
The two-bedroom property will go under the online hammer as part of a 34 lot auction with John Pye Property Auctions on 19 and 20 December. With a guide price of £75,000 it is a good investment for buyers looking for a renovation project.
Richard Reed MRICS, head of property at John Pye, said: “Although this end terrace property requires complete renovation throughout, it offers spacious accommodation set over two floors and once refurbished will see a good return on investment.
“It is in a popular residential location and has the potential to be let at £525 per calendar month, a total of £6,300 per annum. This represents a gross yield of 8.4%.”
The property in St Johns Road is close to amenities including two schools and a convenience store. It also has good transport links to surrounding cities.
Richard added: “Externally the property benefits from a small walled yard area to the front of the property and to the rear there is an additional walled yard. A further piece of land behind that could either be made into a larger separate garden or off street parking for numerous vehicles.
“Our unique expertise across online auctions means the way we sell property online is a real unique selling point for vendors and distinctive across the industry.
“The John Pye online property auction has grown significantly since its inception and having recently celebrated its second birthday we are looking to increase the frequency of our online property auctions in 2017 creating greater opportunities to acquire property through the online auction process.”
John Pye Property regularly features properties from London, Manchester, Liverpool, Birmingham and Nottingham. Its monthly online property auction will go live on 19 December and finish on 20 December 2016. Visit www.johnpye.co.uk/property-auctions to bid or phone 0115 970 6060 for more information. Viewings are available by appointment.
