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Studio for sale

£83,325

Earl Street, Sheffield S1

1
Interested in this property? Call +44 114 488 9893 * or

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Property features

  • 15% - 25% discount off RICS valuation
  • 8% Guaranteed Rental Return for 3 years
  • Interest during construction
  • Off Plan Investment
  • Fully Furnished
  • High Rental Demands

Property description

*** direct from award winning developer ***

Reserve before 31st December 2017 for £1000 towards legal expenses

Minimum of 5% interest on deposited funds between Exchange – Completion

15 – 25 % off RICS valuation

8% Guaranteed rental return for 3 years

Underground parking available

195 Year Lease

High Rental Demands

Fully Furnished

Off plan investment

Flexible payment terms

Part Ownership available

10 Year Structual Warranty

¥ The Lightbox in Sheffield is offering 8% net rental income assured for 3 years and is set in a state of the art purpose built atrium-style development is set to change the landscape for investors in Sheffield! The Lightbox is a pioneering build consisting of studio, one and two bedroom apartments with state of the art specification and the benefit of cutting edge facilities such as dedicated concierge, on-site gym and residents only cinema.

A full-length glazed roof and four-storey atrium landings provide a stunning centre piece to the development, affording Lightbox residents beautiful sky views from the first floor upwards.

The Lightbox boasts just 162 one- and two- bed apartments and studios over four spacious levels, Lightbox is just a stone’s throw from Sheffield’s trendiest bars, clubs and restaurants, and well-served by city centre shops, theatres and transport hubs and as it is perfect for both investors tapping into the lucrative Sheffield rental market and also young vibrant City professionals wishing to live life to the fullest.

Planning permission for a ground floor café/restaurant has also been granted in principle.

With rental demand in Sheffield increasingly outstripping supply and as the city is poised to enter its most significant period of inward investment in recent history, this represents a unique opportunity to capitalise on excellent yields, in a prime development hot spot and with the developers offering investors 8% net yield, assured for 3 years.

Construction began November 2017, Completion July 2018
Market activity
Average price paid £128,811 Sales 88 Current average value £146,270 (Zoopla Zed-Index) Value change £3,785 ▲ 2.66%

Property value data/graphs for S1

Property type Avg. current value Avg. £ per sq ft. Avg. # beds Avg. £ paid (last 12m)
Detached £231,386 - 2.7 -
Semi-detached £165,003 - 3.0 -
Terraced £118,398 - 3.1 £126,250
Flats £146,587 £233 1.6 £128,933

Current asking prices in S1

Average: £135,054
Avg. current asking prices in S1
Property type 1 bed 2 beds 3 beds 4 beds 5 beds
Houses £99,950
(1)
£145,000
(1)
£175,000
(1)
- -
Flats £104,900
(54)
£165,767
(46)
- - -
All £104,810
(55)
£165,326
(47)
£175,000
(1)
- -

Current asking rents in S1

Average: £723 pcm
Avg. current asking prices in S1
Property type 1 bed 2 beds 3 beds 4 beds 5 beds
Houses £577 pcm
(9)
£792 pcm
(6)
- £923 pcm
(11)
£982 pcm
(6)
Flats £613 pcm
(56)
£799 pcm
(52)
£997 pcm
(2)
£829 pcm
(6)
£694 pcm
(6)
All £608 pcm
(65)
£798 pcm
(58)
£996 pcm
(2)
£890 pcm
(17)
£838 pcm
(12)

Fun facts for S1

Highest value in S1
Highest value streets Zed-Index
Regent Street £243,958
Westfield Terrace £210,187
Holly Street £198,644
Orchard Lane £191,048
Eldon Street £190,555
Highest turnover in S1
Highest turnover streets Turnover
Holly Street 33.3%
Brown Lane 33.3%
Eyre Lane 31.8%
Leadmill Street 31.7%
St. Pauls Square 30.8%

What Zoopla users think of Sheffield

Overall rating:

  • currently 4 stars
Very good - 79% (696 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 (0.4 miles)
  • Darnall (2.5 miles)
  • Meadowhall (3.7 miles)
  • Robin Hood Airport (20.4 miles)
  • Manchester International Airport (33.2 miles)
  • Leeds Bradford International Airport (34.8 miles)
  • Hull Ferry Terminal (55.4 miles)
  • Liverpool Pier Head Ferry Terminal (63.0 miles)
  • Liverpool Isle of Man & Dublin Terminal (63.1 miles)

Nearby schools

View all schools in Sheffield
  • Springfield Primary School (0.5 miles)
  • Sharrow Nursery, Infant and Junior School (0.7 miles)
  • Porter Croft Church of England Primary Academy (0.8 miles)
  • UTC Sheffield (0.1 miles)
  • Freeman College (0.2 miles)
  • The Sheffield College (0.5 miles)
  • Seven Hills School (0.5 miles)
  • All Saints' Catholic High School (0.6 miles)
  • Heritage Park School (0.7 miles)
Note: Distances are straight line measurements

Local info for Sheffield

About the neighbours in S1

AskMe Q&A for Sheffield

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For more information about this property, please contact
Noble Build & Design - Lightbox, S1 on +44 114 488 9893 * (local rate)

Monthly running costs Beta

£494 Monthly total

Mortgage

Purchase price
Deposit (10%) 8,332
Repayment term 25
Interest rate 1.5
Your payment £299 /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 £18/mo (£220/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 Noble Build & Design - Lightbox 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 Noble Build & Design - Lightbox, and do not constitute property particulars. Please contact Noble Build & Design - Lightbox 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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