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Studio for sale

£68,750

Priestley Street, Sheffield S2

1 1
Interested in this property? Call +44 20 8128 9868 * or

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Property description

Unit 005

Payment Plan

❖ 40% On exchange of contracts
❖ 30% After 3 months
❖ 30% Due on completion Q3 2018

Investment Overview

The City of Sheffield is a popular destination for students and young professionals: Home to two first rated universities, and witnessing a transformation in recent years from norther industrial hub to one of the uk's most desirable and cosmopolitan cities.

The Sheffield student population continues to grow, yet the sector remain significantly under-supplied with quality purpose-built accommodation, this developments high specification build and prime location ensure demand for units will be high from both tenants and investors alike.

❖ 8% net yield guaranteed for 5 years
❖ 250 year leasehold
❖ 4% interest paid on deposited funds until practical completion
❖ Sheffield is the UKs 4th largest city Total student population over 60,000
❖ Completion Date Q3 2018

University & Colleges

❖ The Sheffield college 9 mins by foot
❖ Sheffield Hallam University 10 mins by foot
❖ University of Sheffield 5 mins by bus
❖ Sheffield International college 5 mins by bus

Entertainment

❖ Grosvenor casino Sheffield 2mins by foot

Transport

❖ Bus station 1 min by foot
❖ Sheffield railway station 10 mins by foot Sport

Sport

❖ Sheffield United football club 10 mins by foot

Development Facilities

❖ Onsite gym & indoor leisure area
❖ Designer kitchen
❖ High specification cooking and storage facilities
❖ Contemporary bathroom and workstation
❖ Built-in wardrobe
❖ Internet

Please feel free to contact us if you wish to discuss this or any other developments in more detail.

True wisdom is knowing you know nothing at all~Socrates.
Market activity
Average price paid £118,416 Sales 276 Current average value £115,244 (Zoopla Zed-Index) Value change -£909 ▼ -0.78%

Property value data/graphs for S2

Property type Avg. current value Avg. £ per sq ft. Avg. # beds Avg. £ paid (last 12m)
Detached £198,070 £154 3.0 £227,374
Semi-detached £118,975 £140 2.8 £113,338
Terraced £111,077 £134 2.8 £111,480
Flats £109,301 £183 1.9 £112,588

Current asking prices in S2

Average: £110,102
Avg. current asking prices in S2
Property type 1 bed 2 beds 3 beds 4 beds 5 beds
Houses - £94,717
(9)
£119,287
(31)
£168,738
(8)
£158,000
(1)
Flats £78,998
(23)
£108,950
(30)
£77,475
(4)
- -
All £78,998
(23)
£105,665
(39)
£114,508
(35)
£168,738
(8)
£158,000
(1)

Current asking rents in S2

Average: £683 pcm
Avg. current asking prices in S2
Property type 1 bed 2 beds 3 beds 4 beds 5 beds
Houses £373 pcm
(36)
£524 pcm
(11)
£612 pcm
(18)
£751 pcm
(17)
£1,035 pcm
(18)
Flats £454 pcm
(59)
£671 pcm
(41)
£952 pcm
(19)
£699 pcm
(9)
£1,415 pcm
(5)
All £423 pcm
(95)
£640 pcm
(52)
£787 pcm
(37)
£733 pcm
(26)
£1,117 pcm
(23)

Fun facts for S2

Highest value in S2
Highest value streets Zed-Index
Norfolk Road £338,558
Norfolk Park Avenue £203,729
Exchange Street £198,529
Fitzwalter Road £196,265
Midhill Crescent £194,124
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 - 78% (676 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
Live Let Buy, SW6 on +44 20 8128 9868 * (local rate)

Monthly running costs Beta

£450 Monthly total

Mortgage

Purchase price
Deposit (10%) 6,875
Repayment term 25
Interest rate 1.5
Your payment £247 /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

What more do I get

Up to 9 smart home sensors

Included in the price of your cover

Home emergency assistance

Included in the price of your cover

Contents cover

£75,000 to Unlimited

Buildings cover

£750,000 to Unlimited

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.

Contact Live Let Buy 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 Live Let Buy, and do not constitute property particulars. Please contact Live Let Buy 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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