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1 bed flat for sale

£59,950 From

Infirmary Road, Sheffield, South Yorkshire S6

1
Interested in this property? Call +44 20 8115 8144 * or

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Property features

  • Completion August this year
  • No Stamp Duty
  • 7% net for 3 years
  • 250 year leasehold

Property description

Property and Invest are proud to launch our latest investment opportunity in Sheffield- Oakwood House.

Oakwood House will offer luxury living for the modern student in the city. Oakwood House is a purpose build student development comprising of 102 units over 5 floors spread across 2 separate buildings.

It offers a variety of luxury en-suite student bedrooms. The student bedrooms are arranged in clusters of up to 6,5 and 4 units, each sharing a communal area complete with kitchen, dining area and lounge. Oakwood House has an extremely attractive city centre location, within walking distance of both university campuses. Perfectly located for students looking for the very best accommodation with a city centre location, literally a short walk or tram ride to all famous landmarks and points of interests. This location is not only ideal for its proximity to the universities but also for shopping and the city€s famous and vibrant night life.

Oakwood House will be an innovative, modern piece of architecture adding a fresh sophisticated feel to the city centre and rejuvenating a very prominent site in the city. The project is expected to face such demand that a waiting list will be in place, and the developer is offering a rental assurance for owners for the first 3 years. Sheffield has been tipped as one of the top centres in the UK to invest and, as a result, has been the location choice of many large institutions and investment funds. This is an opportunity to benefit from the same returns. The development is located next to Tescos and the Student Conference Centre; 5 minutes€ walk from Sheffield€s main train station.

Over 63,000 students choose to study in Sheffield every year, including more than 7,000 international students (rated number 3 for experience), making the city a prime site for investment in the provision of high-end student accommodation.

With a record number of students placed for higher education in the 2016/2017 academic year, investors are jumping at the chance to invest in UK student property. There has been a significant increase in the popularity of commercial assets in recent years such as student accommodation due to property investors searching for alternative investment markets. This extraordinary demand shows no sign of slowing down which means universities across the UK are now facing the problem of housing students. Many institutions fail to house all of their first year intake and accommodation for years 2 and 3 is even scarcer. Now, with approximately 493,000 students placed for the 2016/17 academic year
according to ucas (Universities and Colleges Admissions Service) demand is skyrocketing; making this market as attractive to investors as it
has ever been.

One of the most popular places to study in the UK, Sheffield is renowned for its eclectic nightlife, live music venues and good food. Both universities have active Students Unions and there are a multitude of amenities and venues in the immediate area, including cinemas, shopping centres and sporting arenas. Regularly reported as being one of the safest cities in the UK, there is no better place to live, work or study.

We do not charge any admin fees or buyers fees.

For more information please contact Property and Invest.

Market activity
Average price paid £169,291 Sales 720 Current average value £180,301 (Zoopla Zed-Index) Value change £7,096 ▲ 4.10%

Property value data/graphs for S6

Property type Avg. current value Avg. £ per sq ft. Avg. # beds Avg. £ paid (last 12m)
Detached £298,848 £223 3.6 £272,094
Semi-detached £186,924 £212 3.1 £178,626
Terraced £146,229 £172 2.9 £146,313
Flats £135,401 £206 1.9 £112,328

Current asking prices in S6

Average: £160,196
Avg. current asking prices in S6
Property type 1 bed 2 beds 3 beds 4 beds 5 beds
Houses £79,167
(3)
£108,994
(10)
£168,627
(56)
£407,492
(12)
£218,333
(3)
Flats £70,788
(42)
£126,676
(25)
£158,455
(10)
- -
All £71,347
(45)
£121,624
(35)
£167,086
(66)
£407,492
(12)
£218,333
(3)

Current asking rents in S6

Average: £726 pcm
Avg. current asking prices in S6
Property type 1 bed 2 beds 3 beds 4 beds 5 beds
Houses £334 pcm
(3)
£654 pcm
(5)
£668 pcm
(23)
£996 pcm
(12)
£1,424 pcm
(7)
Flats £485 pcm
(24)
£660 pcm
(30)
£1,170 pcm
(1)
- -
All £468 pcm
(27)
£659 pcm
(35)
£689 pcm
(24)
£996 pcm
(12)
£1,424 pcm
(7)

Fun facts for S6

Highest value in S6
Highest value streets Zed-Index
Hollow Meadows, Sheffield S6 £671,872
High Bradfield £582,634
Storrs £504,444
Low Bradfield, Sheffield S6 £400,406
King Edwards £391,811
Highest turnover in S6
Highest turnover streets Turnover
Darley Grove 54.5%
Southwood 50.0%
Bransby Street 50.0%
King Edwards 48.6%
Northwood 46.2%

What Zoopla users think of Sheffield

Overall rating:

  • currently 4 stars
Very good - 79% (690 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 (1.3 miles)
  • Darnall (3.1 miles)
  • Meadowhall (3.4 miles)
  • Robin Hood Airport (20.6 miles)
  • Manchester International Airport (32.7 miles)
  • Leeds Bradford International Airport (33.6 miles)
  • Hull Ferry Terminal (55.4 miles)
  • Liverpool Pier Head Ferry Terminal (62.4 miles)
  • Liverpool Isle of Man & Dublin Terminal (62.5 miles)

Nearby schools

View all schools in Sheffield
  • Netherthorpe Primary School (0.4 miles)
  • St Mary's Church of England Primary School (0.5 miles)
  • Walkley Primary School (0.6 miles)
  • Freeman College (1.2 miles)
  • UTC Sheffield (1.3 miles)
  • The Sheffield College (1.6 miles)
  • Bethany School (0.4 miles)
  • King Edward VII School (1.2 miles)
  • Sheffield High School (1.3 miles)
Note: Distances are straight line measurements

Local info for Sheffield

About the neighbours in S6

AskMe Q&A for Sheffield

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For more information about this property, please contact
Property and Invest, N1 on +44 20 8115 8144 * (local rate)

Monthly running costs Beta

£406 Monthly total

Mortgage

Purchase price
Deposit (10%) 5,995
Repayment term 25
Interest rate 1.5
Your payment £215 /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 £15/mo (£185/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 Property and Invest, and do not constitute property particulars. Please contact Property and Invest 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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