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Opportunity to purchase an apartment in Sheffield generating £9,600 rent pa & gross yield of 6.6%
VES-S1-005
INITIAL INVESTMENT
deposit: £36,250
stamp duty: £4,750
mortgage fees: £1,500
conveyancing fees: £1,000
GROSS RENT
GROSS YIELD
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Leasehold information
Length of lease: 200 years
Start of lease: 2016
Located on the 7th floor
Building has an EWS1 certificate, B1 rating
Open plan kitchen/dining/living room
Main bedroom comes with ensuite bathroom
The apartment also has a private balcony
Monthly rental income £800; reduced from £850 pcm due to the pandemic
The tenants extended their original 12 months AST in July 2020 for another year
Situated just a few minutes walk north-west of the main city centre and surrounded by a number of amenities
Huge choice of local bus and tram stops and Sheffield railway station around 15 minutes walk away
Sheffield Botanical Gardens, Crooks Valley Park and Weston Park are all easily accessible
Please note the listing comprises photos of the apartment before the tenants moved in, provided by the vendor, as well as photos of the property with its current tenants.
£9,600 p.a. / £800 pcm
TENANCY DEPOSIT
TENANCY AGREEMENT STARTED
TENANCY AGREEMENT ENDS
Documents available on request, please contact for viewings or further questions.
The information relating to this property is supplied by the vendor and was the latest available information at the time of listing. Certain information may expire or become inaccurate over time.
Vesta makes no warranty as to the accuracy or completeness of the property listing or any associated information. All information should be reviewed by the purchaser and their solicitor.
About Sheffield, South Yorkshire
Sheffield is a city and metropolitan borough in South Yorkshire, England and is the third-largest English district by population.
The city is well connected via the M1 and M18 motorways. The M1 links it to London and Leeds, whilst the M18 runs from Rotherham to Goole.
Sheffield is also very easy to reach by train as major routes pass through the station. East Midland Trains run a regular fast service from London St Pancras to Sheffield, taking approximately 2 hours. The Cross Country Route links the East of Scotland and Northeast of England with the West Midlands and the Southwest, linking Liverpool and Manchester with Hull and East Anglia. High Speed 2 is planned to be operational by 2033 serving a city centre station in Sheffield, running services to Birmingham, London, Leeds and Newcastle. There are 5 other railway stations in Sheffield that serve as commuter stations for suburban communities.
The closest airport is Doncaster Sheffield Airport which lies around 25 miles outside the city centre and operates regular flights to European destinations. Other nearby airports include Manchester Airport, Leeds Bradford Airport and Nottingham's East Midlands Airport.
Sheffield has a number of museums and heritage attractions, such as The Metalwork Collection, Kelham Island Museum, Abbeydale Industrial Hamlet, Weston Park Museum, Sheffield Cathedral, National Videogame Museum, Beauchief Abbey and Magna to name a few.
The Lyceum Theatre, the Crucible Theatre and the Studio Theatre provide a variety of entertainment and workshops throughout the year for young and old. Whilst the Lyceum is Sheffield's home of pantomime, the Crucible is best known for hosting the prestigious World Snooker Championship since 1977.
Sheffield long sporting heritage aside from the World Snooker Championship make it is also home of the Sheffield Steelers, the UK's first professional ice hockey team and the worlds oldest football club, Sheffield FC.
With more than 250 parks, woodlands and gardens and 1,600 acres of nature reserves Sheffield is England's greenest city. It is estimated that around 61% of the city is greenspace, making it ideal for anyone who enjoys outdoor pursuits. Additionally, the Peak District National Park borders the southwest of the city offering further outdoor-based activities.
Sheffield has two universities, University of Sheffield and Sheffield Hallam University. The University of Sheffield has two main campus areas, the Western Bank and the St George's. It ranks among the top 10 UK universities for grant funding and eight Nobel laureates are affiliated with it, six of which are alumni or former long-term staff at the university. Sheffield Hallam University is also based on two sites, the City Campus near the railway station and Collegiate Crescent Campus in the Broomhall Estate. It was ranked the 11th largest university in the UK in 2016/2017. Both universities attract around 60,000 students annually.
There are three main further education colleges, The Sheffield College, Longley Park Sixth Form College and Chapeltown Academy, as well as 26 secondary schools and 137 primary schools.
Solly Street,
South Yorkshire,
S1 4BX
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