Aspect, Edward Street, Sheffield
- PROPERTY TYPE
Apartment
- BEDROOMS
1
- BATHROOMS
1
- SIZE
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Key features
- Tenanted investment - immediate income from completion, no void period
- Net yield of 13.2% on a low £35,000 asking price
- One bedroom apartment, 5th floor, Block A, Aspect
- Prime Kelham Island (S3) location, walking distance to Sheffield city centre
- Strong tenant demand from 60,000+ students and a growing professional occupier base
- Leasehold, 125 years from 2008 (c.107 years remaining)
Description
An excellent opportunity for the investor market, this one-bedroom apartment is located on the 5th floor of Block A at Aspect, 3 Edward Street, in the heart of Sheffield's ever-popular Kelham Island (S3) one of the city's most sought-after rental locations.
The accommodation comprises a private bedroom, a separate living room and a bathroom, and is currently tenanted at £180 per week, offering a new owner immediate income from the day of completion with no void period to consider.
Kelham Island has transformed in recent years from a former industrial quarter into one of Sheffield's most desirable residential districts, known for its converted warehouse apartments, independent cafés, breweries and riverside developments. The location benefits from strong and consistent tenant demand thanks to its proximity to the city centre and Sheffield's two universities, which between them house over 60,000 students, alongside a growing base of young professionals drawn by the area's expanding tech and creative sector.
Based on the current rent roll, the property generates a gross annual income of £9,180 and a net annual return of £4,629 after deductions for letting and management fees, service charge, sinking fund and ground rent, reflecting a gross yield of 26.2% and a net yield of 13.2% on the asking price.
The property is held on a leasehold basis, with a 125-year lease commencing in 2008 (approximately 107 years remaining).
- 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.
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- PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
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- GARDENA property has access to an outdoor space, which could be private or shared.
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- ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
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Energy performance certificate - ask agent
Aspect, Edward Street, Sheffield
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Visit our security centre to find out moreDisclaimer - Property reference A28 ASPECT 3 . 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.