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Studio for sale

£66,500 (£238/sq. ft) Fixed price

Priestley Street, Sheffield S2

1 280 sq. ft*

Images may include optional upgrades at additional cost

Interested in this property? Call +44 20 8022 7495 * or

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

Property features

  • On street/residents parking
  • Central heating
  • Double glazing
  • Porter/security
  • Communal lounge and games room
  • Lift access
  • Close to Universities
  • Close to Sheffield train station
  • Close to amenities / shops / city centre

Property description

Cash only - investors only!



Fantastic investment opportunity with extremely low entry levels, in what is currently one of the strongest property markets in the UK. Sheffield continues to see a high demand for student housing.

The city of Sheffield is a popular destination for students and young professionals, not to mention the home to two first rated universities, and witnessing a transformation in recent years from northern industrial hub to one of the most desirable and cosmopolitan cities in the UK.

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

Royal Riverside represents a stable and robust investment opportunity, with purchase prices starting from £63,500 and come with an assured net rental yield of 8% per annum, for those that choose to appoint the on-site management.

This is a substantial real estate investment opportunity in a 5-storey building with circa 127 apartments. Royal Riverside is conveniently located less than 10 minutes walk from Sheffield Railway Station, Sheffield Hallam University and the City centre and all apartments are offered for sale with 250 years leasehold.
Market activity
Average price paid £117,293 Sales 297 Current average value £118,552 (Zoopla Zed-Index) Value change £2,774 ▲ 2.40%

Property value data/graphs for S2

Property type Avg. current value Avg. £ per sq ft. Avg. # beds Avg. £ paid (last 12m)
Detached £198,414 £162 3.0 £199,416
Semi-detached £122,691 £144 2.8 £117,145
Terraced £114,008 £135 2.8 £115,239
Flats £112,985 £192 1.9 £104,421

Current asking prices in S2

Average: £101,825
Avg. current asking prices in S2
Property type 1 bed 2 beds 3 beds 4 beds 5 beds
Houses - £89,497
(16)
£110,623
(24)
£182,492
(6)
£158,000
(1)
Flats £73,714
(35)
£109,586
(22)
£78,317
(3)
- -
All £73,714
(35)
£101,128
(38)
£107,033
(27)
£182,492
(6)
£158,000
(1)

Current asking rents in S2

Average: £851 pcm
Avg. current asking prices in S2
Property type 1 bed 2 beds 3 beds 4 beds 5 beds
Houses £391 pcm
(21)
£540 pcm
(12)
£660 pcm
(34)
£986 pcm
(54)
£1,364 pcm
(41)
Flats £468 pcm
(69)
£646 pcm
(45)
£917 pcm
(25)
£636 pcm
(14)
£1,489 pcm
(8)
All £450 pcm
(90)
£624 pcm
(57)
£769 pcm
(59)
£914 pcm
(68)
£1,384 pcm
(49)

Fun facts for S2

Highest value in S2
Highest value streets Zed-Index
Norfolk Road £348,498
Norfolk Park Avenue £208,836
Exchange Street £205,176
Midhill Crescent £199,267
Glencoe Road £196,939
Highest turnover in S2
Highest turnover streets Turnover
Delf Street 42.9%
Belgrave Square 41.7%
Myrtle Close 41.2%
Manor Oaks Drive 38.7%
Spurr Street 37.8%

What Zoopla users think of Sheffield

Overall rating:

  • currently 4 stars
Very good - 79% (695 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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* Sizes listed are approximations. Please contact the agent to verify actual sizes.

For more information about this property, please contact
Flambard Williams, CM2 on +44 20 8022 7495 * (local rate)

Monthly running costs Beta

£442 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 £19 Electricity £26 Estimated energy cost £45/mo

Similar properties could save up to £158

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.

Contact Flambard Williams 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 Flambard Williams, and do not constitute property particulars. Please contact Flambard Williams 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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