0 Bedrooms Studio for sale in Sovereign House, Sheffield S1 | £ 55,000

Property Description

Sovereign House was recently refurbished to the highest standard throughout, and now offers tastefully renovated, fully furnished studios. This premium student apartment is thoroughly modern, featuring a fitted kitchen, living and study space and an en-suite bathroom. Residents can also enjoy the incredible communal facilities on offer with a gymnasium, games room, cinema room, communal lounges and courtyard. 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 award winning management company who look after the apartments and tenants.

Sovereign House is perfectly placed only a short walk from both the university and all of the shops, bars and restaurants in the city centre alongside being equidistant between Sheffield’s two high quality universities and Sheffield's main train station. Sheffield is a bustling city environment mixed with the friendliness of a small town which is very attractive to students from around the world looking for a top class university experience. Sheffield is the fifth largest city in the UK and is nestled right in the centre of the country, only fifty minutes from Manchester and two hours from London by train. There are also links to the local towns of Barnsley, Chesterfield, Doncaster and Huddersfield by bus, making it an ideal location for students from each corner of the UK.

Sheffield is recognised by the Times Higher Education Survey as the number one city in the UK for student satisfaction, and all of the city's bars, restaurants, clubs and other nightlife destinations are within walking distance of Sovereign House. It is no surprise that the city has recently become one of the uk’s most treasured student property investment hotspots! There are few better locations for buy-to-let investors looking to expand their portfolio!

Financial Breakdown

Gross rent: £6,120
Ground rent: £250
Service charge: £1,399
Lettings fees: £588
Net income: £3,884
Gross yield: 11.13%
Net yield: 7.06%

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-13359

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