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Studio apartment for sale

Hodgson Street, Sheffield, S3

£124,995

Property Description

Key features

  • 5% interest paid monthly from exchange until completion
  • Assured net rental of 9.2% for 3 years
  • Commercial finance available to experienced landlords
  • Construction already underway
  • Fully furnished to a high standard
  • Larger than average - self-contained en-suite
  • Net Rental Income of 11499
  • Private kitchenette with white goods
  • Purchase Price 124995
  • Superb prime city-centre location

Full description

City living two bedroom apartments are appealing to professionals as well as overseas students. Sheffield has seen a significant amount of new job opportunities that is leading to an increased demand. Local estate agents have commented that the best-located city centre apartments are only on the rental mark for two weeks or less.

Sheffield apartment buy to let S3

Two bedroom apartments for sale in Sheffield; tend to command high prices when they are located centrally and are finished to a higher specification. With more jobs being created in Sheffield, there seems to be shift towards apartments over houses. These young tenants that are renting will someday be purchasers. City centre two bedroom apartments are ideal for first time buyers.

Investors can benefit by taking initiative and acquiring this fine development off-plan. The upside is that you can grasp a hold of your preferred unit at launch prices. You will also receive up to 5% interest on your deposit funds through the construction (that is more than double the interest most banks are currently offering).

Investment Summary -S3 Two Bed Apartment sale

* Two Bedroom apartment sale S3

* Purchase Price £124,995

* Net Rental Income of £11,499

* Assured net rental of 9.2% for 3 years

* 5% interest paid monthly from exchange until completion

* Larger than average - self-contained en-suite

* Fully furnished to a high standard

* Private kitchenette with white goods

* Superb prime city-centre location

* Construction already underway and student planning granted

* Commercial finance available to experienced landlords

Secondary Rental Investment - Sheffield Student Lets

Student lettings market in Sheffield is robust with more than 60,000 students, Sheffield recently topped a list of university towns and cities that could benefit from more purpose built student accommodation.

The universities in Sheffield are only able to provide university owned accommodation to a relatively small proportion of students. With just 11,369 bedrooms available to more than 46,890 full time students, a massive 76% are left looking for accommodation in the private sector or living at home.

This demonstrates a clear opportunity for the provision of purpose-built student accommodation within the city, particularly for Sheffield's expanding international student population, who are driving the demand for luxury student rentals.

Fully Furnished two bedroom apartment for sale

* Widescreen TV

* 2 x Double beds

* Bedding

* Wardrobe

* Bedside cabinet

* Bookcase

* Kettle, toaster & microwave

* Full height double fridge/freezer

* Dinner set, mugs, glasses, cutlery & coasters

* Bathroom mirror, mat & holders

* Dining area

* Sofa

* Onsite Gym

* Communal socialising area

* Bicycle racks

Listing History

Added on Rightmove:
12 November 2014

Map & Street View

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