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Studio for sale

£69,950 (£217/sq. ft)

Russell Street, Sheffield S3

1 323 sq. ft*

Images may include optional upgrades at additional cost

Interested in this property? Call 020 8022 7495 * or

* Calls to this number will be recorded for quality, compliance and training purposes.

Property features

  • Central heating
  • Double glazing

Property description

As micro-apartments generate much better yields than traditional Buy to Lets, Kelham Works offers investors a fantastic opportunity to earn a huge 9% net yield guaranteed for 3 years. Coupled with this, the Property Developers have provided an attractive exit strategy option of 125% buy back after 5 years. Investors need not concern themselves with locating tenants and building maintenance since each studio can be let out and managed by Noble Living. Thus providing investors with an easy and stress free solution. Income is paid quarterly in arrears.

Kelham Works is a new build property development comprised of 52 self contained luxury micro apartments, located in the trendy “urban village” of Kelham Island Quarter just north of Sheffield city centre. Situated within an industrial and architectural conservation area, the local neighbourhood has an abundance of high spec offices, stylish warehouse conversions and fashionable art galleries, cafes bars and restaurants.

With a high spec finish, affordable price and excellent onsite facilities Kelham Works is designed to appeal to young city dwelling professionals and postgraduate or international students (Sheffield’s two major universities are a short walk away). Each luxury studio unit comes with en-suite bathroom, kitchen, dining area and study area. Furniture packs are available. Additional building facilities include a 24/7 security system with CCTV, roof terrace, gymnasium, cinema room, laundry room and free WiFi.

Pre launch prices are heavily discounted by 10% and with a couple of easy payment options in place purchasing one of these units could not get any easier. Flambard Williams friendly and proficient staff will walk you through the process from start to finish. All enquires are obligation free. Please call now for further details.

52 self contained luxury micro apartments
9% assured for 3 years
Developer buy back option (125% after 5 years)
Pre launch 10% off
Completion date September 2016
Simple payment plan options
Roof top terrace
Flexible exit strategy
Trendy area with wide appeal

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Market activity
Average price paid £137,697 Sales 134 Current average value £129,874 (Zoopla Zed-Index) Value change £6,655 ▲ 5.40%

Property value data/graphs for S3

Property type Avg. current value Avg. £ per sq ft. Avg. # beds Avg. £ paid (last 12m)
Detached £177,879 - 3.6 £135,000
Semi-detached £121,182 £135 3.0 £117,363
Terraced £116,713 £152 3.1 £190,173
Flats £132,002 £224 1.8 £125,842

Current asking prices in S3

Average: £135,534
Avg. current asking prices in S3
Property type 1 bed 2 beds 3 beds 4 beds 5 beds
Houses - £118,989
(5)
£124,975
(2)
£100,000
(1)
-
Flats £92,034
(48)
£149,687
(40)
£345,000
(2)
- -
All £92,034
(48)
£146,276
(45)
£234,988
(4)
£100,000
(1)
-

Current asking rents in S3

Average: £658 pcm
Avg. current asking prices in S3
Property type 1 bed 2 beds 3 beds 4 beds 5 beds
Houses £405 pcm
(8)
£425 pcm
(1)
£622 pcm
(2)
£2,210 pcm
(1)
£1,599 pcm
(5)
Flats £568 pcm
(107)
£776 pcm
(63)
£793 pcm
(1)
- £1,720 pcm
(2)
All £557 pcm
(115)
£770 pcm
(64)
£679 pcm
(3)
£2,210 pcm
(1)
£1,634 pcm
(7)

Fun facts for S3

Highest value in S3
Highest value streets Zed-Index
Edward Street £227,542
Green Lane £192,274
Victoria Street £168,614
Scotland Street £157,364
Cavendish Street £156,994
Highest turnover in S3
Highest turnover streets Turnover
Kelham Island 41.2%
Kelham Square 38.5%
Bramwell Close 37.5%
Headford Mews 29.4%
Adelaide Lane 28.6%

What Zoopla users think of Sheffield

Overall rating:

  • currently 4 stars
Very good - 79% (641 ratings)

Ratings breakdown:

  • currently stars
Community & safety
  • currently stars
Entertainment & nightlife
  • currently stars
Parks & recreation
  • currently stars
Restaurants & shopping
  • currently stars
Schools & public services
  • currently stars
Transport & travel

Rate Sheffield:

Tell us what you think of this area by rating these categories.
Please note your vote will only be counted once.

Community & safety
  • currently stars
  • 1
  • 2
  • 3
  • 4
  • 5
Entertainment & nightlife
  • currently stars
  • 1
  • 2
  • 3
  • 4
  • 5
Parks & recreation
  • currently stars
  • 1
  • 2
  • 3
  • 4
  • 5
Restaurants & shopping
  • currently stars
  • 1
  • 2
  • 3
  • 4
  • 5
Schools & public services
  • currently stars
  • 1
  • 2
  • 3
  • 4
  • 5
Transport & travel
  • currently stars
  • 1
  • 2
  • 3
  • 4
  • 5

Nearby transport

  • Sheffield (0.8 miles)
  • Darnall (2.6 miles)
  • Meadowhall (3.1 miles)
  • Robin Hood Airport (20.2 miles)
  • Manchester International Airport (33.2 miles)
  • Leeds Bradford International Airport (33.9 miles)
  • Hull Ferry Terminal (55.0 miles)
  • Liverpool Pier Head Ferry Terminal (62.9 miles)
  • Liverpool Isle of Man & Dublin Terminal (63.0 miles)

Nearby schools

View all schools in Sheffield
  • Netherthorpe Primary School (0.4 miles)
  • Pye Bank CofE Primary School (0.5 miles)
  • Byron Wood Primary School (0.8 miles)
  • The Sheffield College (0.6 miles)
  • Freeman College (0.8 miles)
  • UTC Sheffield (0.9 miles)
  • Grace Owen Nursery School (0.8 miles)
  • Broomhall Nursery School (1.1 miles)
  • Seven Hills School (1.2 miles)
Note: Distances are straight line measurements

Local info for Sheffield

About the neighbours in S3

AskMe Q&A for Sheffield

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* Sizes listed are approximations. Please contact the agent to verify actual sizes.

For more information about this property, please contact
Flambard Williams, CM2 on 020 8022 7495 * (local rate)

Monthly running costs Beta

£391 Monthly total
Mortgage
Purchase price
Deposit (10%) 6,995
Repayment term 25
Interest rate 0.5
Your payment £223 /mo Find available rates

These results are not provided by NatWest and are only indicative based on a repayment mortgage product. Repayments will be subject to the product provided and your circumstances.

Your home or property may be repossessed if you do not keep up repayments on your mortgage.

Energy Gas £20 Electricity £25 Estimated energy cost £45/mo In partnership with uSwitch
Energy costs explained

The estimated energy cost for this property has been calculated using actual energy usage data for a property of this type, number of bedrooms and region.

Estimated consumption

Gas: 6500 kWh/year
Electricity: 1800 kWh/year

Source: National Energy Efficiency Data Framework

Council Tax

Local authority

Sheffield

Estimated tax band A Council tax cost £102 /mo
when paid over 10 months
Council tax costs explained

The Council Tax cost displayed is based on the council tax band and on the basis of 2 adults living at the property. The monthly cost shown excludes any discounts and is rounded to the nearest pound.

Full information on Council Tax discount entitlements can be found on the Gov.UK’s website.

Water Supply £9 Sewerage £12 Estimated water cost £21 /mo
Water costs explained

Water consumption is based on average water usage for the predicted occupancy of the property based on the number of bedrooms.

Total annual consumption (in cubic meters) is then averaged into a monthly cost.

Note: If you have 2 separate suppliers for water and sewage, you may receive 2 separate bills.

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Disclaimer

Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Flambard Williams, and do not constitute property particulars. Please contact Flambard Williams for full details and further information. The Running Costs data displayed on this page are provided by Zoopla to give an indication of potential running costs based on various data sources. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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