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1 bed flat for sale

£89,995

Russell Street, Sheffield S3

1 1 1
Interested in this property? Call +44 1844 340137 * or Request Details

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Property features

  • Due To Complete Q4 2019
  • Yields Of 7.5%+
  • Phase 2
  • Phase 1 Is 100% Tenanted
  • Parking Available To Purchase
  • £1,000 Cash Back Incentive

Property description

Property Reference: 25635

Part of the Northern Power House Initiative, Sheffield's affordable and high demand property market represents one of the premier btl hotspots in the UK today.

Cornwall Works, located in the historic and beautiful Kelham Island ‘urban village' of Sheffield, is the latest project from seasoned developers, Firestone.

This is actually the second phase of Cornwall Works! The first phase has proven extremely successful and is fully built and 100% tenanted.

This development comprises 48 self-contained luxury studio and 1 bedroom apartments.

Investment Summary:

 Spacious studios from just £89,995
 Impressive rental yields of 7.5%+
 48 self-contained studios and 1 beds priced at 19% below local comparables.
 Sheffield is home to two world class universities with over 65,000 students
 Phase 1 completed and fully tenanted
 Completion Q3 2019
 Low deposit, just 35% required prior to completion
 Zero service charge and management fees for years 1 & 2
 Opportunity to own high-spec apartments in Sheffield's hottest new Quarter
 Fully hands-off investment, managed by established UK operator

Why invest in Sheffield?

Sheffield is an economic powerhouse in the north of England, attracting businesses globally with a high employment rate, and excellent accessibility and connectivity. Around 2.1 million people live within a 60 minute commute of the city where growing key sectors include the creative and digital industries, low-carbon, and healthcare technologies.

The city centre has undergone a radical transformation in recent years and offers a vibrant and cosmopolitan experience that rivals any European city.

The uk's fourth largest city, Sheffield offers a unique blend of both urban lifestyle and rural retreat. The city has been going through something of an ‘urban renaissance' in recent years, making the most of its grand industrial heritage and architecture, and reinventing itself as a city of European significance.

Notice
Please note we have not tested any apparatus, fixtures, fittings, or services. Interested parties must undertake their own investigation into the working order of these items. All measurements are approximate and photographs provided for guidance only.

Floorplan(s): Floorplan 1

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Market activity
Average price paid £128,219 Sales 166 Current average value £128,301 (Zoopla Zed-Index) Value change -£337 ▼ -0.26%

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: £143,518
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)
£138,085
(56)
£192,857
(7)
£185,783
(1)
-
All £112,190
(60)
£136,255
(58)
£159,091
(11)
£187,892
(2)
£242,475
(2)

Current asking rents in S3

Average: £645 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 £522 pcm
(89)
£805 pcm
(72)
£633 pcm
(6)
£498 pcm
(1)
-
All £517 pcm
(93)
£806 pcm
(74)
£611 pcm
(9)
£892 pcm
(5)
£1,251 pcm
(3)

Fun facts for S3

Highest value in S3
Highest value streets Zed-Index
Edward Street £227,690
Green Lane £200,630
Little Kelham Street £189,119
Victoria Street £169,249
Cavendish Street £156,903
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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For more information about this property, please contact
The Property Supplier, OX49 on +44 1844 340137 * (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 The Property Supplier, and do not constitute property particulars. Please contact The Property Supplier 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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