0 Bedrooms Studio for sale in Sovereign House, Queen Street, Sheffield S1 | £ 55,000
Overview
| Price: | £ 55,000 |
|---|---|
| Contract type: | For Sale |
| Type: | Studio |
| County: | South Yorkshire |
| Town: | Sheffield |
| Postcode: | S1 |
| Address: | Sovereign House, Queen Street, Sheffield S1 |
| Bathrooms: | 1 |
| Bedrooms: | 0 |
Property Description
This luxury student apartment is fully furnished and thoroughly modern, including a bathroom and fitted kitchen area. Residents can also enjoy the exceptional 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.
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. There are two high quality universities situated in Sheffield, bringing in a new wave of young individuals each and every year. With thousands of students coming to live and study in the area, there is a constant demand for student accommodation, making for an easy return on investment in this busy city.
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: £6,375
Ground rent: £250
Service charge: £1,476
Lettings fees: £612
Net income: £4,037
Gross yield: 11.59%
Net yield: 7.34%
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-13150
Property Location
Property Marketed by Yieldit
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