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1 bed flat for sale

£66,500

Priestly Street, Sheffield S2

1 1 1
Interested in this property? Call +44 1702 787516 * or

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Property features

  • Communal garden
  • Off street parking
  • Porter/security

Property description

Investors will benefit from an 8% net rental yield, guaranteed for 5 years. (excluding ground rent)

Investment Highlights
• 127 studio apartments over a 5-story building
• 8% net rental guarantee for 5 years excluding ground rent
• 250 Year lease
• Fully furnished
• Q3 2018 Build Completion ready for the September intake
• Work has started on site
• Student Planning so no stamp duty to be paid
• 10 minute walk to Sheffield Hallam University; 9 minute walk to Sheffield College; 5 minute drive to the University of Sheffield
• Located just 8 minutes' walk from the new £65 million funded china town (to be completed in 2018). Details in the brochure (give us a call/email to request.)

And much more!

Why Invest in Purpose-built student accommodation?
The four storey development comprises a total of 190 apartments. The demand characteristics exhibited by students has changed over recent years – many, especially those from overseas, no longer wish to live in converted houses. They now require bespoke, purpose-built accommodation which lies close to the educational hub.
With ever-increasing numbers of undergraduates, purpose-built student properties have become a mainstream global asset class which provides investors with a safe investment and minimal risk.

University cities such as Sheffield will be at the forefront of the increase in international student numbers thanks in part to the high world ranking universities and to the attractions of the location itself.

Purpose Built Student Accommodation, rather than converted premises, offers investors reliable earning potential. Even though the rental contracts are relatively short-lived, these properties are always in high demand and are currently still woefully under-supplied.

Please do not hesitate to get in contact with us today.
Market activity
Average price paid £116,529 Sales 285 Current average value £116,153 (Zoopla Zed-Index) Value change £3,248 ▲ 2.88%

Property value data/graphs for S2

Property type Avg. current value Avg. £ per sq ft. Avg. # beds Avg. £ paid (last 12m)
Detached £193,593 £160 3.0 £193,105
Semi-detached £121,096 £141 2.8 £117,181
Terraced £110,997 £133 2.8 £112,376
Flats £110,908 £186 1.9 £104,864

Current asking prices in S2

Average: £100,523
Avg. current asking prices in S2
Property type 1 bed 2 beds 3 beds 4 beds 5 beds
Houses - £91,565
(13)
£116,140
(21)
£174,271
(7)
£158,000
(1)
Flats £74,306
(36)
£111,436
(25)
£74,975
(2)
- -
All £74,306
(36)
£104,638
(38)
£112,561
(23)
£174,271
(7)
£158,000
(1)

Current asking rents in S2

Average: £988 pcm
Avg. current asking prices in S2
Property type 1 bed 2 beds 3 beds 4 beds 5 beds
Houses £383 pcm
(23)
£500 pcm
(8)
£796 pcm
(43)
£1,136 pcm
(63)
£1,475 pcm
(66)
Flats £457 pcm
(61)
£659 pcm
(43)
£942 pcm
(25)
£638 pcm
(14)
£1,489 pcm
(8)
All £437 pcm
(84)
£634 pcm
(51)
£850 pcm
(68)
£1,045 pcm
(77)
£1,477 pcm
(74)

Fun facts for S2

Highest value in S2
Highest value streets Zed-Index
Norfolk Road £341,547
Norfolk Park Avenue £205,849
Exchange Street £201,334
Midhill Crescent £194,771
Glencoe Road £192,506
Highest turnover in S2
Highest turnover streets Turnover
Delf Street 42.9%
Belgrave Square 41.7%
Edmund Court 37.5%
Old Street 37.5%
Myrtle Close 37.3%

What Zoopla users think of Sheffield

Overall rating:

  • currently 4 stars
Very good - 78% (691 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
Real Estate Worldwide, SS2 on +44 1702 787516 * (local rate)

Monthly running costs Beta

£441 Monthly total

Mortgage

Purchase price
Deposit (10%) 6,650
Repayment term 25
Interest rate 1.5
Your payment £239 /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)
Compare insurance deals now 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

Similar properties could save up to £167

How Much Could I Save? 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 Real Estate Worldwide, and do not constitute property particulars. Please contact Real Estate Worldwide 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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