Flat for sale in Humphry Davy House, Golden Smithies Lane, Wath-Upon-Dearne, Rotherham S63

Humphry Davy House, Golden Smithies Lane, Wath-Upon-Dearne, Rotherham, S63 7Er

This wonderful self-contained one bedroom apartment in the recently completed Humphry Davy House development. The property presents an excellent investment opportunity offering a strong net yield. The apartment is complete with open plan lounge and kitchen area including quality integrated appliances and modern wall and base units, double bedroom, shower room and parking available on site.

Humphry Davy House is located in the conservation area of Wath upon Dearne in Rotherham, South Yorkshire. The Dearne Valley has been transformed since it was first designated as an enterprise zone in 1995, with several commercial developments which have resulted in over 10,000 new jobs. Earlier this year the construction of three new warehouses off the Dearne Valley parkway were approved which will provide 1.1 million square feet of logistics and manufacturing space and create up to 2,500 jobs which is great for tenant demand with the development being just a 10-minute drive away.

Home to over a quarter of a million people and offering some of the most competitively priced property in the North of England, Rotherham offers significant potential for buy to let investors. Rotherham has seen something of an economic renaissance in recent times. A part of the wider Sheffield City Region Local Enterprise Zone, Rotherham has seen significant increases in investment in the past few years from local employers including Rolls Royce. The regeneration of Rotherham markets is identified as a key project within the Town Centre Masterplan which was adopted in 2017. Having been successful in securing £12.6m from the Government's Future High Streets Fund (fhsf), redevelopment plans are back on the table so now is the perfect opportunity to invest in property there. Note could achieve 7.54% net if self managed.

Financial Breakdown

Gross Rent: £6,600.00
Net income: £3,355.04
Gross yield: 12%
Net yield: 6.1%
Please contact agent for full financial breakdown.

Important note to purchasers: These particulars, whilst believed to be accurate are set out as a general outline only for guidance, and do not constitute any part of an offer or contract. Neither Yieldit nor the vendor or lessor accept any responsibility in respect of these particulars, which are not intended to be statements or representations of fact and any intending purchaser or lessee must satisfy himself by inspection or otherwise as to the correctness of each of the statements contained in these particulars.

Yieldit ref: Yl-07292