Flat for sale in Sheffield S3, 1 Bedroom

Palatine Gardens is a residential apartment concept situated in Shalesmoor, a trendy area of Sheffield within walking distance of the city centre and the popular area of Kelham Island. This innovative development is comprised of 54 apartments, including seven premium studio apartments. The apartments at Palatine Gardens provide residents with high-end fixtures and furnishings, whilst including a stunning enclosed garden and secure bicycle storage.

Sheffield is one of the uk’s buy-to-let hotspots thanks to its mix of emerging industries and a high proportion of its population being the sort of skilled young professionals who are desperate to live in high quality rental apartments. There is currently a lack of this type of accommodation in the city and Palatine Gardens is perfectly placed to fill that gap.

The local Shalesmoor area is a peaceful retreat for tenants away from the hustle and bustle of the city centre, but still within easy walking distance. In addition, the local Supertram light railway stop will allow residents to traverse Sheffield with ease. Palatine Gardens is also near to the city’s national rail station which allows convenient travel to cities as far apart as London, Manchester, Liverpool, Leeds, York and Newcastle.

As a city, Sheffield is superb for shopping with both the Meadowhall shopping centre and the Orchard Square shopping centre close by. Residents are also near to cultural attractions such as the Kelham Island Museum, the Sheffield Botanical Gardens and the Millennium Gallery, as well as all the bars and restaurants you would expect to find in a modern city.

Financial Breakdown

Gross rent: £6,900
Ground rent: £275
Service charge: £891
Lettings fees: £504
Net income: £5,230
Gross yield: 6.27%
Net yield: 4.75%

Important Note To Purchasers

*Service charge, management fee and ground rent are included as part of the assured rental period.
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 must satisfy himself by inspection or otherwise as to the correctness of each of the statements contained in these particulars.

Yieldit ref: Yl-13015