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Investment
£63,000

Studio for sale Sovereign House, 110 Queen Street, Sheffield S1

1 bath

Property location

  • Netherthorpe Primary School0.5 miles
  • Sheffield0.5 miles
  • Springfield Primary School0.6 miles
  • Darnall2.5 miles

Features and 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!

We are pleased to present this luxury self contained studio located in the premium student accommodation development – Sovereign House in the heart of Sheffield.

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 games 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.

The economy also within Sheffield is booming, and continues to develop at a rate of 5% each year. As Sheffield has become a very desirable place to live and work in the last few years, a demand for property has increased, making now the perfect time to invest!

It is no surprise that the city has recently become one of the UK’s most treasured property investment hotspots for student accommodation!

Please note: Images shown are of a show apartment and may not be representative of the property for sale.

Financial Breakdown

Gross rent: £5,830
Ground rent: £250
Service charge: £1,845
Lettings fees: £770
Net income: £2,966
Gross yield: 9.25%
Net yield: 4.71%

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-9339

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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.