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Studio for sale

£89,995 (£398/sq. ft)

Russell Street, Sheffield S3

1 226 sq. ft*

Images may include optional upgrades at additional cost

Interested in this property? Call +44 20 7768 0120 * or Request Details

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

Property features

  • 8% net rental yield
  • Micro-apartments in Sheffield's popular Kelham Island
  • Apartments have the option to target both students and young professionals
  • A fully hands-off investment managed by reputable asset managers
  • En-suite bathroom with shower cubicle
  • Kitchenette with fitted oven, hobs and sink
  • Retail space, Games and cinema room
  • Rooftop terrace
  • Onsite gymnasium

Property description

Sheffield provides the ideal location for the next 'big thing' in the UK property market, Micro-Apartments. A solution to the ever increasing demand for city centre space at affordable prices, Micro-Apartments are expected to become highly sought after.

Kelham Works is a luxuriously built hub for young professionals in a prime location. Its six floors provide excellent social and communal facilities, including a roof top terrace, retail space, cinema, and gymnasium, plus all the facilities and utilities you would expect from a high specification student development.

Accommodation comprises 52 luxury units. All units are en-suite, have their own kitchen, dining and study areas, and make clever use of space with quality fixtures and fittings.

The development sits next to the famous Kelham Island Tavern, in the heart of the desirable Kelham Island Quarter, yet just a short tram ride from Sheffield's city centre.
Market activity
Average price paid £128,219 Sales 166 Current average value £128,301 (Zoopla Zed-Index) Value change £153 ▲ 0.12%

Property value data/graphs for S3

Property type Avg. current value Avg. £ per sq ft. Avg. # beds Avg. £ paid (last 12m)
Detached £173,503 - 3.6 £202,500
Semi-detached £120,719 £131 3.0 £104,300
Terraced £118,933 £151 3.1 £210,571
Flats £129,644 £221 1.8 £119,838

Current asking prices in S3

Average: £143,972
Avg. current asking prices in S3
Property type 1 bed 2 beds 3 beds 4 beds 5 beds
Houses - £85,000
(2)
£100,000
(4)
£190,000
(1)
£242,475
(2)
Flats £112,190
(60)
£138,323
(55)
£192,857
(7)
£185,783
(1)
-
All £112,190
(60)
£136,452
(57)
£159,091
(11)
£187,892
(2)
£242,475
(2)

Current asking rents in S3

Average: £643 pcm
Avg. current asking prices in S3
Property type 1 bed 2 beds 3 beds 4 beds 5 beds
Houses £401 pcm
(4)
£852 pcm
(2)
£566 pcm
(3)
£990 pcm
(4)
£1,251 pcm
(3)
Flats £547 pcm
(119)
£810 pcm
(72)
£633 pcm
(6)
£548 pcm
(2)
-
All £543 pcm
(123)
£811 pcm
(74)
£611 pcm
(9)
£843 pcm
(6)
£1,251 pcm
(3)

Fun facts for S3

Highest value in S3
Highest value streets Zed-Index
Edward Street £228,647
Green Lane £201,618
Little Kelham Street £189,909
Victoria Street £170,222
Cavendish Street £157,651
Highest turnover in S3
Highest turnover streets Turnover
Kelham Square 53.8%
Kelham Island 45.3%
Bramwell Close 43.8%
Spring Street 36.4%
Adelaide Lane 35.1%

What Zoopla users think of Sheffield

Overall rating:

  • currently 4 stars
Very good - 79% (751 ratings)

Ratings breakdown:

  • currently 4 stars
Community & safety
  • currently 4 stars
Entertainment & nightlife
  • currently 4 stars
Parks & recreation
  • currently 4 stars
Restaurants & shopping
  • currently 4 stars
Schools & public services
  • currently 4 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 0 stars
  • 4
  • 1
  • 0
  • 3
  • 2
  • 5
Entertainment & nightlife
  • currently 0 stars
  • 4
  • 1
  • 0
  • 3
  • 2
  • 5
Parks & recreation
  • currently 0 stars
  • 4
  • 1
  • 0
  • 3
  • 2
  • 5
Restaurants & shopping
  • currently 0 stars
  • 4
  • 1
  • 0
  • 3
  • 2
  • 5
Schools & public services
  • currently 0 stars
  • 4
  • 1
  • 0
  • 3
  • 2
  • 5
Transport & travel
  • currently 0 stars
  • 4
  • 1
  • 0
  • 3
  • 2
  • 5

Nearby transport

  • Sheffield (0.8 miles)
  • Darnall (2.5 miles)
  • Meadowhall (3.1 miles)
  • Robin Hood Airport (20.1 miles)
  • Manchester International Airport (33.3 miles)
  • Leeds Bradford International Airport (34.0 miles)
  • Hull Ferry Terminal (55.0 miles)
  • Liverpool Pier Head Ferry Terminal (62.9 miles)
  • Liverpool Isle of Man & Dublin Terminal (63.0 miles)

Nearby schools

View all schools in Sheffield
  • Netherthorpe Primary School (0.4 miles)
  • Pye Bank CofE Primary School (0.5 miles)
  • Springfield Primary School (0.8 miles)
  • Longley Park Sixth Form College (2.3 miles)
  • Chapeltown Academy (4.4 miles)
  • Shelley College (16.2 miles)
  • Seven Hills School (1.1 miles)
  • All Saints' Catholic High School (1.1 miles)
  • Heritage Park School (1.2 miles)
Note: Distances are straight line measurements

Local info for Sheffield

About the neighbours in S3

AskMe Q&A for Sheffield

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* Sizes listed are approximations. Please contact the agent to verify actual sizes.

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For more information about this property, please contact
Aspen Woolf, N1 on +44 20 7768 0120 * (local rate)

Monthly running costs Beta

£501 Monthly total

Mortgage

Purchase price
Deposit (10%) 8,999
Repayment term 25
Interest rate 1.5
Your payment £323 /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.

Energy

Gas £21 Electricity £25 Estimated energy cost £46/mo

Similar properties could save up to £180

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 Aspen Woolf, and do not constitute property particulars. Please contact Aspen Woolf 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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