Studio for sale
Sovereign House, Queen Street, Sheffield S1
- Investment
£55,000
Property Listing Details
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Property details
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Last 30 days: 59 page views
Description
**please note! Due to the size and lease restrictions on purpose-built student accommodation, this property is not eligible for a mortgage and can only be bought as an investment property - cash buyers only need apply!
Sovereign House underwent an expanded refurbishment and provides 250 apartments to cater for the demand of students who wish for opulent accommodation in Sheffield.
This premium studio apartment is fully furnished and incorporates a fitted kitchen and a dedicated study area. In addition, free Wi-Fi is provided to all residents and all bills are inclusive for residents!
Furthermore, high level communal facilities such as the laundry room, entertainment room (including sky TV), games room and fully equipped state-of-the-art gymnasium act as another bonus for enquiring students studying in Sheffield.
Sovereign House is perfectly located in between Sheffield’s two universities and the main city train station and the Supertram system.
Sheffield is recognised by the Times Higher Education Survey as the number one city in the UK for student satisfaction and all amenities are within walking distance.
Financial Breakdown
Gross rent: £4,730
Ground rent: £250
Service charge: £1,703
Lettings fees: £624
Net income: £2,153
Gross yield: 8.6%
Net yield: 3.91%
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-11893
Sovereign House underwent an expanded refurbishment and provides 250 apartments to cater for the demand of students who wish for opulent accommodation in Sheffield.
This premium studio apartment is fully furnished and incorporates a fitted kitchen and a dedicated study area. In addition, free Wi-Fi is provided to all residents and all bills are inclusive for residents!
Furthermore, high level communal facilities such as the laundry room, entertainment room (including sky TV), games room and fully equipped state-of-the-art gymnasium act as another bonus for enquiring students studying in Sheffield.
Sovereign House is perfectly located in between Sheffield’s two universities and the main city train station and the Supertram system.
Sheffield is recognised by the Times Higher Education Survey as the number one city in the UK for student satisfaction and all amenities are within walking distance.
Financial Breakdown
Gross rent: £4,730
Ground rent: £250
Service charge: £1,703
Lettings fees: £624
Net income: £2,153
Gross yield: 8.6%
Net yield: 3.91%
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-11893
You could get
Superfast broadband
Up to 100 Mbps (Source: Ofcom)
Links for this property
Map & Nearby
Local Amenities
- Sheffield 0.5 miles
- Darnall 2.5 miles
- Netherthorpe Primary School 0.5 miles
- Springfield Primary School 0.6 miles
Market stats
Sale activity
Average estimated value for a flat in S1:
- £147,879
-
Price increase
- £3,069
- (2.119%)
- Over the last 12 months
In the last 12 months
-
Average sale price
£118,556 -
Properties sold
29
Rental opportunities
£602 pcmRecent sales nearby
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27th Mar 2020
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Estimated running costs
Based on available 3rd party data
Approximate costs
£
per month
- Mortgage £ p/m
- Energy from £46 p/m
- Water from £21 p/m
- Council tax £111 p/m
- Home insurance Not known
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The Developer
Price history
Sold prices provided by Land Registry
5th Dec 2019
£55,000
Price reduced by £5,000
9th Jul 2018
£60,000
First listed
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Property descriptions and related information displayed on this page are marketing materials provided by Yieldit. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions or related information provided here and they do not constitute property particulars. Please contact Yieldit for full details and further information.
