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2 bed Flat For Sale £78,000
Queen Street, Sheffield S1


Description
Yieldit are delighted to offer onto the market this spacious two bedroomed student accommodation.

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, a games room and a fully equipped state-of-the-art gymnasium!

Newbank House is perfectly placed only a short walk from The University of Sheffield and Sheffield Hallam as well as the main train station. In addition all of the shops, bars and restaurants in the city centre are a stones throw away. 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. Sheffield is the fifth largest city in the UK and is nestled right in the centre of the country, only 50 minutes from Manchester and two hours from London by train. There are also links to the local towns of Barnsley, Chesterfield, Doncaster and Huddersfield by bus, making it an ideal location for students from each corner of the UK.

Sheffield has been ranked as one of the top 10 most affordable university cities in the UK. That means you can stretch your money a bit further as you visit the local bars, clubs, pubs and cultural attractions.

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

Financial Breakdown

Gross rent: £10,428
Ground rent: £250
Service charge: £3,192
Lettings fees: £1,392
Net income: £5,594
Gross yield: 13.37%
Net yield: 7.17%

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-17240

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