Studio flat for sale

Sovereign House, Queen Street, Sheffield, S1 2DW

Sold STC £47,500

Property Description

Key features

  • NET yield of 7.34%
  • Premium studio apartment
  • En-suite
  • Communal courtyard
  • Fitted kitchen
  • Laundry room
  • Cinema room
  • Resident's gym
  • CCTV in communal areas
  • On-site accommodation team

Full description

This luxury student apartment is fully furnished and thoroughly modern, including a bathroom and fitted kitchen area. Residents can also enjoy the exceptional 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.

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. There are two high quality universities situated in Sheffield, bringing in a new wave of young individuals each and every year. With thousands of students coming to live and study in the area, there is a constant demand for student accommodation, making for an easy return on investment in this busy city.

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!

Financial Breakdown

Gross rent: £6,375
Ground rent: £250
Service charge: £1,476
Lettings fees: £612
Net income: £4,037
Gross yield: 15%
Net yield: 9.5%

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-13150


Listing History

Added on Rightmove:
29 November 2018

Nearest stations

  • Cathedral (0.1 mi)
  • Castle Square (0.2 mi)
  • City Hall (0.2 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:

yieldit, Manchester

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

0161 468 0403 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

  • Cathedral (0.1 mi)
  • Castle Square (0.2 mi)
  • City Hall (0.2 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

yieldit, Manchester

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

0161 468 0403 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 YL-13150. 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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