Studio flat for sale

London Road, Sheffield, S6

Fixed Price £69,995

Property Description

Key features

  • Earn 6,450.00 net per annum
  • Developer buy back option in Year 4 at 81,187.00
  • Recently completed student unit

Full description

We are please to present this luxury 17sqm studio will has become available on a resale basis. Recently completed, this spacious student unit is fully management and equipped to the highest standard. For investors, the studio will offer a fixed rental income of 6,480.00 per annum for three years. The rental income will be paid quarterly in arrears.

St Mary's House comprises 101 en-suite rooms and studio apartments over 2 floors. All rooms are fully furnished to a very high specification with bespoke bedroom furniture and wall mounted TVs.

The shared kitchen and living areas are fully integrated and finished to a very high specification with stainless steel appliances throughout. Within walking distance of Sheffield City Centre and the railway station. Also within walking distance of both the University of Sheffield and Sheffield Hallam.

Buy Back Option
The developer retains an option to buy back this unit in the fourth year after completion, at a fixed price of 81,187.00.

St Marys - Investment Highlights
Total Cost of Property: 69,995.00
Contractually Assured Property Buy Back Value: 81,187.50 minus 69,995.00 = 11,192.00
Plus
Two Years Assured rental income of 6,480 x 1.75 (assured years remaining) = 11,340.00*
Total profit in two years = 22,532.00
Net return of = 32.19% over two years or 16.02% per annum

*Remaining assured rental figure correct as of 9th November 2016.


Listing History

Added on Rightmove:
22 January 2016

Nearest stations

  • Infirmary Road (0.1 mi)
  • Shalesmoor (0.1 mi)
  • Netherthorpe Road (0.4 mi)
Distances are straight line measurements from centre of postcode

Nearest schools

Use the school checker

To view this property or request more details, contact:

Hopwood House Limited, Manchester

The Forum Windmill Lane, Denton, M34 3QS

0161 468 0126 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Map & Street View

Nearest stations

  • Infirmary Road (0.1 mi)
  • Shalesmoor (0.1 mi)
  • Netherthorpe Road (0.4 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Hopwood House Limited, Manchester

The Forum Windmill Lane, Denton, M34 3QS

0161 468 0126 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Disclaimer - Property reference HHUKSHEFStMst. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Hopwood House Limited, Manchester. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

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