Studio apartment

Newbank House, Silver Street, Sheffield, S3 8PZ

Size: 25.1 sqm

Purchase price

£46,000

Size: 25.1 sqm

Tenanted

Tenanted
Finance breakdown
Financial performance*
Gross rent £6,490
Ground rent £250
Service charge £1,965
Lettings fees £857
Net income £3,418
Gross yield 14.11%
Net yield 7.43%

TENANTED INVESTMENT OPPORTUNITY – Net YIELD OF 7.43%. Invest in the UK’s number one city for student satisfaction! Diversify your portfolio with Purpose Built Student Accommodation today!


**PLEASE NOTE! Due to the size and lease restrictions on purpose-built student accommodation, this property is not eligible for a mortgage and can only be bought as an investment property - cash buyers only need apply!

Please note: Images shown are of a show apartment and may not be representative of the property for sale. The images will be updated as soon as we gain access to the property to take photographs.

Newbank House is the second phase development of the successful Sovereign house student development. It has undergone an extensive refurbishment and provides 250 apartments to cater for the demand of students who desire luxury accommodation in Sheffield.

Each spacious en-suite apartment is fully furnished and contains a fitted kitchenette and a dedicated study area. In addition, free WiFi is provided to all residents and all bills are inclusive! Also provided for all residents are top of the range communal areas such as laundry facilities, an entertainment room (including SKY TV), a games room and a fully equipped state-of-the-art gymnasium!

Sheffield is recognised by the Times Higher Education Survey as the number one city in the UK for student satisfaction and all of the cities bars, restaurants, clubs and other nightlife destinations are within walking distance for residents.

Interested in this property? Enquire today for more information

Key features

Key features

Earn instant income

Key features

Cash buyers only

Key features

Tenanted for 20/21 term

Key features

Superior studio apartment

Key features

Fully furnished

Key features

Second floor

Key features

Excellent location

Key features

Great transport links

Key features

Residents gymnasium

Key features

Close to university

TENANTED INVESTMENT OPPORTUNITY – Net YIELD OF 7.43%. Invest in the UK’s number one city for student satisfaction! Diversify your portfolio with Purpose Built Student Accommodation today! More info...

**PLEASE NOTE! Due to the size and lease restrictions on purpose-built student accommodation, this property is not eligible for a mortgage and can only be bought as an investment property - cash buyers only need apply!

Please note: Images shown are of a show apartment and may not be representative of the property for sale. The images will be updated as soon as we gain access to the property to take photographs.

Newbank House is the second phase development of the successful Sovereign house student development. It has undergone an extensive refurbishment and provides 250 apartments to cater for the demand of students who desire luxury accommodation in Sheffield.

Each spacious en-suite apartment is fully furnished and contains a fitted kitchenette and a dedicated study area. In addition, free WiFi is provided to all residents and all bills are inclusive! Also provided for all residents are top of the range communal areas such as laundry facilities, an entertainment room (including SKY TV), a games room and a fully equipped state-of-the-art gymnasium!

Sheffield is recognised by the Times Higher Education Survey as the number one city in the UK for student satisfaction and all of the cities bars, restaurants, clubs and other nightlife destinations are within walking distance for residents.

  • Key features
    Tick Desktop Earn instant income
    Tick Desktop Cash buyers only
    Tick Desktop Tenanted for 20/21 term
    Tick Desktop Superior studio apartment
    Tick Desktop Fully furnished
    Tick Desktop Second floor
    Tick Desktop Excellent location
    Tick Desktop Great transport links
    Tick Desktop Residents gymnasium
    Tick Desktop Close to university
  • LocationLocation

*All information is provided as a guideline only, is subject to change and does not constitute a contract. As with any investment, please remember that the value of property may go up or down.

Breakdown
Financial performance*
Gross rent £6,490
Ground rent £250
Service charge £1,965
Lettings fees £857
Net income £3,418
Gross yield 14.11%
Net yield 7.43%

*All information is provided as a guideline only, is subject to change and does not constitute a contract. As with any investment, please remember that the value of property may go up or down.