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Studio for sale

£66,000

Royal Riverside, Sheffeild S2

Interested in this property? Call +44 20 8115 8737 * or

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

Property features

  • Luxury Student Apartments
  • 8% Net Rental Yield
  • 5 Year rental guaranteed
  • 115% Buyback Option
  • Central Location
  • Close to both Universities
  • Fully funded Project
  • 8 miles from New China Town

Property description

Superb opportunity to purchase to purchase high yielding Student development in one of the UK"s most in demand student and young professional centres, Sheffield.

Located just 8 minutes" walk from the new china town (to be completed in 2018) Royal Riverside will be an ideal home to the thousands of foreign students studying in both the world class University of Sheffield and the Sheffield Hallam University.

Often named as one of the safest cities in the UK, there is no better place than Sheffield to live, work and study. This is the perfect opportunity to tap into the 63,000 strong student population and the many young professionals in need of high quality and comfortable accommodation.

Investors will benefit from an 8% net rental yield, guaranteed for 5 years. At the end of the 5 year term, investors have the choice of allowing the developer to buy back the apartment from them for 115% of the original purchase price. This is completely optional and solely at the choice of the investor not the developer.

The project has been fully funded and work has already commenced on what is set to be a very popular student development. In total, there are 127 apartments, all fully furnished at no extra cost.

Completion: Q3-Q4 2018

Enquire early to avoid missing out on this unique investment opportunity.


Market activity
Average price paid £117,076 Sales 277 Current average value £114,238 (Zoopla Zed-Index) Value change -£1,567 ▼ -1.35%

Property value data/graphs for S2

Property type Avg. current value Avg. £ per sq ft. Avg. # beds Avg. £ paid (last 12m)
Detached £192,859 £147 3.0 £227,374
Semi-detached £117,897 £139 2.8 £113,338
Terraced £110,253 £131 2.8 £111,480
Flats £108,472 £182 1.9 £112,588

Current asking prices in S2

Average: £114,356
Avg. current asking prices in S2
Property type 1 bed 2 beds 3 beds 4 beds 5 beds
Houses £61,000
(1)
£84,278
(7)
£117,796
(30)
£159,993
(7)
£164,999
(1)
Flats £91,797
(15)
£110,605
(28)
£94,950
(2)
- -
All £89,872
(16)
£105,340
(35)
£116,369
(32)
£159,993
(7)
£164,999
(1)

Current asking rents in S2

Average: £774 pcm
Avg. current asking prices in S2
Property type 1 bed 2 beds 3 beds 4 beds 5 beds
Houses £390 pcm
(37)
£521 pcm
(3)
£759 pcm
(18)
£678 pcm
(22)
£1,009 pcm
(15)
Flats £469 pcm
(67)
£638 pcm
(35)
£880 pcm
(20)
£607 pcm
(11)
£1,446 pcm
(6)
All £441 pcm
(104)
£629 pcm
(38)
£823 pcm
(38)
£654 pcm
(33)
£1,134 pcm
(21)

Fun facts for S2

Highest value in S2
Highest value streets Zed-Index
Norfolk Road £331,435
Norfolk Park Avenue £197,861
Exchange Street £197,010
Fitzwalter Road £194,267
Midhill Crescent £192,903
Highest turnover in S2
Highest turnover streets Turnover
Belgrave Square 41.7%
Delf Street 37.5%
Edmund Court 37.5%
Myrtle Close 37.3%
Cecil Square 35.7%

What Zoopla users think of Sheffield

Overall rating:

  • currently 4 stars
Very good - 79% (669 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 (0.5 miles)
  • Darnall (2.4 miles)
  • Dore & Totley (3.7 miles)
  • Robin Hood Airport (20.3 miles)
  • Manchester International Airport (33.5 miles)
  • Leeds Bradford International Airport (35.1 miles)
  • Hull Ferry Terminal (55.3 miles)
  • Liverpool Pier Head Ferry Terminal (63.2 miles)
  • Liverpool Isle of Man & Dublin Terminal (63.3 miles)

Nearby schools

View all schools in Sheffield
  • Lowfield Community Primary School (0.6 miles)
  • Sharrow Nursery, Infant and Junior School (0.6 miles)
  • Anns Grove Primary School (0.7 miles)
  • The Sheffield College (0.3 miles)
  • UTC Sheffield (0.3 miles)
  • Freeman College (0.5 miles)
  • Seven Hills School (0.3 miles)
  • All Saints' Catholic High School (0.3 miles)
  • Heritage Park School (0.4 miles)
Note: Distances are straight line measurements

Local info for Sheffield

About the neighbours in S2

AskMe Q&A for Sheffield

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For more information about this property, please contact
New Build Specialists, W2 on +44 20 8115 8737 * (local rate)

Monthly running costs Beta

£439 Monthly total
Mortgage
Purchase price
Deposit (10%) 6,600
Repayment term 25
Interest rate 1.5
Your payment £237 /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.

Home Insurance Rebuild value up to £1,000,000 Contents value up to £75,000 Average insurance cost £26/mo (£310/yr) In partnership with uSwitch
Home insurance costs explained

Home Insurance is based on the average price of a building and contents quote for a property in this area in the last 48 months.

Source: Autonet Insurance Ltd

Energy Gas £20 Electricity £24 Estimated energy cost £44/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.

Contact New Build Specialists about this property

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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 New Build Specialists, and do not constitute property particulars. Please contact New Build Specialists 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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