1 bed Flat For Sale £85,000
This brand new, high spec apartment in the Palatine Gardens development is located minutes from Sheffield city centre and University. Tenanted and furnished for immediate return on investment and low hassle, this lovely apartment isn't to be missed.
Sheffield is one of the UK's fastest-growing and most exciting cities at the moment. This property is just a 10 minute drive away from Sheffield's city centre which is packed with shops, bars and restaurants along with plenty of museums, gardens and other cultural attractions. Sights like the Sheffield Winter Garden and the Orchard Square shopping centre really set Sheffield apart. Sheffield also has great transport links with its train station providing access to the rest of the country, including major cities such as Manchester, Liverpool, Birmingham and London.
Sheffield's economy is growing at a rapid rate and this is causing significant population growth. More and more people are moving to the city every year, and the housing market is under pressure. With both rents and house prices in the city predicted to rise significantly over the next five years, now is the perfect time to get ahead of the game and invest in Sheffield.
Financial Breakdown
Gross rent: £6,300
Ground rent: £275
Service charge: £891
Lettings fees: £630
Net income: £4,504
Gross yield: 7.41%
Net yield: 5.3%
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-15677
Sheffield is one of the UK's fastest-growing and most exciting cities at the moment. This property is just a 10 minute drive away from Sheffield's city centre which is packed with shops, bars and restaurants along with plenty of museums, gardens and other cultural attractions. Sights like the Sheffield Winter Garden and the Orchard Square shopping centre really set Sheffield apart. Sheffield also has great transport links with its train station providing access to the rest of the country, including major cities such as Manchester, Liverpool, Birmingham and London.
Sheffield's economy is growing at a rapid rate and this is causing significant population growth. More and more people are moving to the city every year, and the housing market is under pressure. With both rents and house prices in the city predicted to rise significantly over the next five years, now is the perfect time to get ahead of the game and invest in Sheffield.
Financial Breakdown
Gross rent: £6,300
Ground rent: £275
Service charge: £891
Lettings fees: £630
Net income: £4,504
Gross yield: 7.41%
Net yield: 5.3%
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-15677
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