17 bed block of flats for sale

Gell Street, Sheffield S3

Exceptional High-Yield Student Investment – Fully Let Modern Block in Prime Sheffield Location

An outstanding investment opportunity to acquire a fully let, high-spec modern block of flats, ideally situated within walking distance of Sheffield's city centre and both major universities. This is a true turn-key property, generating strong cash flow and delivering an impressive projected yield of approximately 9% – significantly above the local average.

The Property This purpose-built block has been designed with the student rental market in mind and finished to an exceptional standard throughout, including granite worktops and premium-quality fixtures. The accommodation comprises:

· One 5-bedroom flat

· Two 6-bedroom flats

Each flat is generously proportioned and attractively presented, ensuring strong tenant appeal and minimal void periods.

Current Tenancies (Academic Year 2024–2025) All units are fully let until June 2025, with the following annual rental income (inclusive of bills):

· 5-bed flat: £27,300

· 6-bed flat 1: £32,760

· 6-bed flat 2: £32,760 Total: £92,820

Next Academic Year (2025–2026)

· 5-bed flat: Already let at £29,120

· One 6-bed flat: Already let at £34,944

· One 6-bed flat: Available, with expected rent of £34,944

Projected total rental income: £99,008 (inclusive of bills)

Key Highlights

· Superb central location with strong student demand

· High-spec fit-out throughout

· Fully let for current academic year

· Projected yield of approx. 9%

· Hassle-free, cash-flowing asset

This is an ideal hands-off investment for buyers seeking a fully operational, income-producing property in one of the UK’s most resilient student markets.

Don’t miss out – investment opportunities of this calibre in Sheffield are rarely available. Enquire today to arrange a viewing.

Property Ownership Information

Tenure

Freehold

Council Tax Band

D

Property Description Disclaimer

This is a general description of the property only, and is not intended to constitute part of an offer or contract. It has been verified by the seller(s), unless marked as "draft". Purplebricks conducts some valuations online and some of our customers prepare their own property descriptions, so if you decide to proceed with a viewing or an offer, please note this information may have been provided solely by the vendor, and we may not have been able to visit the property to confirm it. If you require clarification on any point then please contact us, especially if you’re traveling some distance to view. All information should be checked by your solicitor prior to exchange of contracts.

Successful buyers will be required to complete anti-money laundering and proof of funds checks. Our partner, Lifetime Legal Limited, will carry out the initial checks on our behalf. The current non-refundable cost is £80 inc. VAT per offer. You’ll need to pay this to Lifetime Legal and complete all checks before we can issue a memorandum of sale. The cost includes obtaining relevant data and any manual checks and monitoring which might be required, and includes a range of benefits. Purplebricks will receive some of the fee taken by Lifetime Legal to compensate for its role in providing these checks.