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1 bed flat for sale

£86,995 (£299/sq. ft)

Kelham Works, Kelham Island Quarter, Sheffield S3

1 1 291 sq. ft*
Interested in this property? Call +44 1932 964593 * or

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

Property features

  • Assured net rental 9% for 3 years
  • Projected capital growth of 5% pa
  • 12 month payment plan
  • Developer Buy Back 125% Year 5
  • Deposit of just £2,500 to secure the property
  • Furniture pack worth £4,000 included!
  • Off plan investment

Property description

Located in the beautiful and historic Kelham Island is the brand new, off plan, development Kelham Works.

This development, completed by highly reputable developers Noble Design and Build, comprises 52 self-contained luxury micro-apartments, plus top of the range communal facilities and utilities; perfect for today's discerning young professionals.

Sheffield University is famed for its high quality of education and home to 63,000 students. These apartments are ideal for the student market, providing a safe and high quality alternative to halls of residence.

Featuring stunning, furnished interiors, this is a fully managed hands-off investment with the following features:

Assured net rental 9% for 3 years
Projected capital growth of 5% pa
12 month payment plan
Developer Buy Back 125% Year 5
Deposit of £2,500 to secure the property

The development also includes a roof top terrace, bike store, on site gym, laundry room, cinema room and retail space.

With 24/7 security system, wifi throughout and a range of excellent onsite facilities, this offers an ideal investment for the seasoned property professional.

The gross rent is £8,925 per annum and the annual yield is 8.07%.

The lease is 195 years.

Service charge of £1,200pa

Ground rent of £300pa

The property requires a deposit of just £2,500 and includes a furniture pack work £4,000.

Completion date December 2016

Property info

Market activity
Average price paid £134,975 Sales 146 Current average value £129,944 (Zoopla Zed-Index) Value change -£957 ▼ -0.73%

Property value data/graphs for S3

Property type Avg. current value Avg. £ per sq ft. Avg. # beds Avg. £ paid (last 12m)
Detached £176,037 - 3.6 £265,000
Semi-detached £122,271 £133 3.0 £108,409
Terraced £118,043 £151 3.1 £214,946
Flats £131,832 £223 1.8 £123,735

Current asking prices in S3

Average: £108,124
Avg. current asking prices in S3
Property type 1 bed 2 beds 3 beds 4 beds 5 beds
Houses £287,500
(1)
£74,975
(2)
£95,833
(6)
£157,500
(2)
-
Flats £95,598
(47)
£136,981
(35)
£181,500
(2)
- -
All £99,596
(48)
£133,629
(37)
£117,250
(8)
£157,500
(2)
-

Current asking rents in S3

Average: £657 pcm
Avg. current asking prices in S3
Property type 1 bed 2 beds 3 beds 4 beds 5 beds
Houses £456 pcm
(6)
£666 pcm
(6)
£487 pcm
(7)
£1,517 pcm
(2)
£1,142 pcm
(2)
Flats £626 pcm
(102)
£850 pcm
(77)
£568 pcm
(2)
£416 pcm
(2)
£1,504 pcm
(1)
All £617 pcm
(108)
£836 pcm
(83)
£505 pcm
(9)
£966 pcm
(4)
£1,263 pcm
(3)

Fun facts for S3

Highest value in S3
Highest value streets Zed-Index
Edward Street £228,583
Green Lane £195,288
Victoria Street £171,583
Cavendish Street £157,816
Scotland Street £156,843
Highest turnover in S3
Highest turnover streets Turnover
Kelham Square 46.2%
Kelham Island 45.3%
Bramwell Close 37.5%
Headford Mews 32.4%
Spring Street 31.8%

What Zoopla users think of Sheffield

Overall rating:

  • currently 4 stars
Very good - 78% (682 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)
  • Springfield Primary School (0.8 miles)
  • Freeman College (0.8 miles)
  • UTC Sheffield (0.9 miles)
  • The Sheffield College (1.1 miles)
  • Bethany School (0.6 miles)
  • Seven Hills School (1.2 miles)
  • All Saints' Catholic High 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
Property Eagle, KT16 on +44 1932 964593 * (local rate)

Monthly running costs Beta

£490 Monthly total

Mortgage

Purchase price
Deposit (10%) 8,699
Repayment term 25
Interest rate 1.5
Your payment £313 /mo How Much Could I Borrow

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 £21 Electricity £24 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 £111 /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 Property Eagle, and do not constitute property particulars. Please contact Property Eagle 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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