Attention Investors! Modern and stylish student development ideally located in Sheffield city centre minutes from the universities!
We are pleased to present this luxury self-contained studio in the heart of Sheffield situated in the premium student accommodation development – Sovereign House.
Sovereign House was recently refurbished to a high standard throughout, and now offers tastefully renovated, fully furnished studios. The accommodation also features a gymnasium, a game room, a cinema room and communal lounges available for residents to make use of. In addition, residents will have access to free WiFi and sky TV.
Sheffield itself 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.
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.
Gross rent: £5,610 Ground rent: £250 Service charge: £1,684 Lettings fees: £741 Net income: £2,935 Gross yield: 13.36% Net yield: 6.99%
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.
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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.
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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.