Sovereign House, Queen Street, Sheffield
- PROPERTY TYPE
Apartment
- BEDROOMS
3
- BATHROOMS
1
- SIZE
Ask agent
Key features
- Rare three-bedroom student apartment in central Sheffield
- Approx. 9.5% net yield
- Strong demand from student tenants
- Long-term appeal with secure lease length
- Attractive investment opportunity
Description
An excellent opportunity to acquire a well-located three-bedroom student investment property in the heart of Sheffield city centre, offered at an attractive price of £77,000. Three-bedroom units within developments such as Sovereign House are rarely available, making this a particularly attractive and scarce investment opportunity.
Ideally positioned on Queen Street, Sovereign House sits within close proximity to both of Sheffield’s major universities - the University of Sheffield and Sheffield Hallam University. This central location makes the property highly appealing to students, with easy access to campus buildings, transport links, shops, and local amenities.
The property is arranged as a three-bedroom student unit, with rental expectations at approximately £290 per week. Based on a 46-week tenancy, this equates to an annual rental income of £13,340.
From an investment perspective, after accounting for the annual service charge of £5,614.68 and ground rent of £389.73, the property delivers a net income of approximately £7,335, reflecting a strong net yield of around 9.5% at the asking price.
Further benefits include a long lease with approximately 240 years remaining, providing long-term security for investors.
This is a compelling, high-yielding opportunity in a prime student location, ideal for investors seeking an affordable entry point with solid rental returns in a consistently in-demand city.
- COUNCIL TAXA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council Tax in our glossary page.
- Ask agent
- PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
- Ask agent
- GARDENA property has access to an outdoor space, which could be private or shared.
- Ask agent
- ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
- Ask agent
Energy performance certificate - ask agent
Sovereign House, Queen Street, Sheffield
Add an important place to see how long it'd take to get there from our property listings.
__mins driving to your place
Get an instant, personalised result:
- Show sellers you’re serious
- Secure viewings faster with agents
- No impact on your credit score
Affordability
Notes
Staying secure when looking for property
Ensure you're up to date with our latest advice on how to avoid fraud or scams when looking for property online.
Visit our security centre to find out moreDisclaimer - Property reference 215-sovereign. 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 Pure, 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.
*This is the average speed from the provider with the fastest broadband package available at this postcode. The average speed displayed is based on the download speeds of at least 50% of customers at peak time (8pm to 10pm). Fibre/cable services at the postcode are subject to availability and may differ between properties within a postcode. Speeds can be affected by a range of technical and environmental factors. The speed at the property may be lower than that listed above. You can check the estimated speed and confirm availability to a property prior to purchasing on the broadband provider's website. Providers may increase charges. The information is provided and maintained by Decision Technologies Limited. **This is indicative only and based on a 2-person household with multiple devices and simultaneous usage. Broadband performance is affected by multiple factors including number of occupants and devices, simultaneous usage, router range etc. For more information speak to your broadband provider.
Map data ©OpenStreetMap contributors.