Studio for sale in Sheffield S1, 0 Bedroom

This luxury student accommodation is fully furnished and thoroughly modern, including a bathroom and a fitted kitchen area. Residents can enjoy the exceptional communal facilities on offer with a gymnasium, a games room, a cinema room and communal lounges. In addition, residents have access to free WiFi and sky TV as well as the opportunity to take part in social events organised by the experienced management company who look after the apartments and tenants on behalf of the investor.

Sovereign House is located in the centre of Sheffield less than half a mile from both The University of Sheffield and Sheffield Hallam. This ideal location caters to all students who want to live in the heart of the thriving city as it is only minutes away from shops, restaurants and bars. Sheffield is a beautiful city which is very attractive to students from around the world looking for a top class university experience in an affordable and friendly city.

Sheffield's economy is booming, and continues to develop at a rate of 5% each year. Sheffield has become a very desirable place to live and work in the last few years, a the demand for property has increased, making now the perfect time to invest! It is no surprise that the city has recently become one of the uk’s most treasured property investment hotspots for student accommodation!

Financial Breakdown

Gross rent: £5,830
Ground rent: £250
Service charge: £1,476
Lettings fees: £560
Net income: £3,544
Gross yield: 12.96%
Net yield: 7.88%

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-8081