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Studio apartment for sale

Hodgson St, Sheffield, S3

£75,000

Property Description

Key features

  • 100% complete and key ready
  • Assured net rental of 9% for 3 years
  • Dual Purpose apartments
  • Immediate Income
  • Last few top level apartments
  • Superb prime city-centre location

Full description

City living Sheffield student accommodation that is appealing to both professionals and 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 Student Accommodation Investment - Buy to let S3

Purpose-built, studio apartments for sale in Sheffield. This type of property tends to command a high price due to its central location and high quality finish. 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 studio apartments are ideal for first time buyers.

Investors can benefit from immediate income with these 100% completed units. Finished to a very high standard, the top floor apartments will be very desirable and will most certainly command a premium rent.

Investment Summary -S3 Apartment sale

* Purchase Price £83,500

* Assured net rental of 9% for 3 years

* 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 Accommodation Lets

The 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. Demand for accommodation in the city is expected to increase, as the number of international students in Sheffield is forecast to rise between 15 - 20% over the next five years.

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 studio apartment for sale

* Widescreen TV

* 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:
31 March 2016

Map & Street View

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