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Velocity, Solly Place 7 Solly Street, Sheffield S1 4DE

PROPERTY TYPE

Apartment

BEDROOMS

2

BATHROOMS

2

SIZE

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TENURE
Describes how you own a property. There are different types of tenure - freehold, leasehold, and commonhold.Read more about tenure in our glossary page.

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Key features

  • Tenanted Investment Opportunity
  • Two Bedroom Apartment
  • Third Floor
  • Central location
  • Excellent transport links
  • Modern fitted kitchen
  • Enquire For Video tour
  • Strong Rental Demand

Description

A well-presented two-bedroom apartment located within the popular Velocity development on Solly Place, Solly Street, Sheffield. This stylish modern apartment offers comfortable city centre living, comprising two bedrooms, two bathrooms and a spacious reception room ideal for relaxing and entertaining. The property benefits from a practical layout, floor-to-ceiling windows throughout and a high-end contemporary finish, creating a bright, spacious and sophisticated living environment. This makes it an excellent choice for investors seeking a premium, centrally located apartment.

Situated in the heart of Sheffield city centre, Velocity 5 provides excellent access to a wide range of amenities, including shops, restaurants, bars, universities and transport links. The apartment is conveniently positioned for access to major employment areas, making it an attractive location for professionals and students. Sheffield train station and key city attractions are also within easy reach.

This apartment presents an attractive investment opportunity in a highly sought-after city centre location. With strong rental demand from professionals and students, the property offers potential for reliable rental income and long-term capital growth. Its high-end specification, floor-to-ceiling windows, modern finish and central position, together with its proximity to Sheffield’s universities and business districts, make it a strong addition to any buy-to-let portfolio.

Financial Breakdown

Gross Rent: £11,400.00
Net income: £6,555.47
Gross yield: 10.36%
Net yield: 5.96%
Please contact agent for full financial breakdown.

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-08580
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

Velocity, Solly Place 7 Solly Street, Sheffield S1 4DE

Approximate location

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Affordability

Monthly repayments£552
Property: £ 110,000
Deposit: £ 11,000
Interest rate: 5.33%
Term: 30 years
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Renovation potential
Recently sold & under offer
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About yieldit, Manchester

Suite 2A Osprey House at The Nest, Broadway, Manchester, M50 2UE.

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 apartments in some of the UK's best rental markets. Whatever your requirements, yieldit has the perfect investment (or buyer) for you!

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Disclaimer - Property reference YL-08580. 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.

*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.