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SOLD STC

Sovereign House, Silver Street, Sheffield City Centre, Sheffield, S3 8PZ

Key features

  • Student property investment opportunity
  • Fantastic NET yield above 7%
  • Stylish student studio
  • On the sixth floor
  • Popular student development
  • Excellent communal areas
  • Ideal central location in Sheffield
  • Fitted kitchen

Property description

Sovereign House was refurbished to the highest standard throughout, and now offers tastefully renovated, fully furnished studios. This studio apartment is thoroughly modern, featuring a fitted kitchen, living and study space and an en-suite bathroom. Residents can also enjoy the incredible communal facilities on offer with a gymnasium, games room, cinema room, communal lounges and courtyard. In addition, residents have access to free WiFi and Sky TV, as well as the opportunity to take part in social events organised by the award winning management company who look after the apartments and tenants.

Sovereign House is perfectly placed only a short walk from both the university and all of the shops, bars and restaurants in the city centre, alongside being equidistant between Sheffield’s two high quality universities and Sheffield's main train station. Sheffield is a bustling city environment mixed with the friendliness of a small town which is very attractive to students from around the world looking for a top class university experience. Sheffield is the fifth largest city in the UK and is nestled right in the centre of the country, only 50 minutes from Manchester and two hours from London by train. There are also links to the local towns of Barnsley, Chesterfield, Doncaster and Huddersfield by bus, making it an ideal location for students from each corner of the UK.

Sheffield is recognised by the Times Higher Education Survey as the number one city in the UK for student satisfaction, and all of the city's bars, restaurants, clubs and other nightlife destinations are within walking distance of Sovereign House. It is no surprise that the city has recently become one of the UK’s most treasured student property investment hotspots! There are few better locations for buy-to-let investors looking to expand their portfolio!

Please note: Images shown are of a show apartment and may not be representative of the property for sale.

Financial Breakdown

Gross rent: £5,390
Ground rent: £250
Service charge: £1,832
Lettings fees: £711
Net income: £2,597
Gross yield: 15.4%
Net yield: 7.42%

IMPORTANT NOTE TO PURCHASERS: These particulars, whilst believed to be accurate are set out as a general outline only for guidance, and do not constitute any part of an offer or contract. Neither yieldit nor the vendor or lessor accept any responsibility in respect of these particulars, which are not intended to be statements or representations of fact and any intending purchaser or lessee must satisfy himself by inspection or otherwise as to the correctness of each of the statements contained in these particulars.



yieldit ref: YL-17966

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Sovereign House, Silver Street, Sheffield City Centre, Sheffield, S3 8PZ

Approximate location

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Cathedral Tram Stop0.2 miles
  • Castle Square Tram Stop0.2 miles
  • City Hall Tram Stop0.3 miles
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Market information
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About the agent

yieldit, Manchester

Quay West at MediaCityUK Trafford Wharf Road, Trafford Park, Manchester, M17 1HH

Here at yieldit we specialise in the sale of tenanted, income generating buy-to-let property from investor to investor. We work with buyers and sellers who see the financial potential of a buy-to-let-property, and don't get distracted by little things - eliminating the normal stresses that come with trying to sell a buy-to-let property on the high-street.

yieldit brings a wide range of income generating properties to market, from larger homes perfect for families to city centre apartmen

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Disclaimer - Property reference YL-17966. 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 yieldit, 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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