Studio Flat For Sale £50,000
Sovereign House, 110 Queen Street, Sheffield S1
previous price £57,500

Sovereign House has undergone an extensive refurbishment and provides 250 apartments to cater for the demand of students who desire luxury accommodation in Sheffield.

This premium studio 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 for residents!

Additionally top of the range communal facilities such as the laundry room, entertainment room (including sky TV), games room and fully equipped state-of-the-art gymnasium act as another bonus for discerning students studying in Sheffield.

Sovereign House is perfectly placed equidistant between Sheffield’s two universities and the main city train station and the Supertram system.

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.
With the high demand for accommodation in the area and, great yields this opportunity of investment is not to be missed!

Financial Breakdown

Gross rent: £5,865
Ground rent: £250
Service charge: £1,380
Lettings fees: £469
Net income: £3,766
Gross yield: 9.38%
Net yield: 6.03%

Important Note To Purchasers

*Service charge, management fee and ground rent are included as part of the assured rental period.
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 must satisfy himself by inspection or otherwise as to the correctness of each of the statements contained in these particulars.

Yieldit ref: Yl-10076