We are pleased to present this lucrative student investment opportunity in the heart of the student hub of Sheffield.
The studio is offered fully furnished with a double bed, study station, LED wall mounted TV as well as a fully fitted kitchen and en suite situated in the popular student development of St Marys House.
St Mary’s House is extremely popular with students as it offers luxury student living with close proximity to the university. The development features an onsite private fitness suite, a games room as well as onsite laundry facilities and bike storage. St Mary’s House is under 5 minutes’ walk to both Sheffield University and Hallam University as well as being local to all amenities and transport.
Sheffield makes for a perfect student investment as it offers an quick return, this is due to the fact that the number of international students living in the city has increased by 30% over the last 5 years and they now make up a fifth of the student body. In total, there are 50,154 Sheffield students not housed by their respective universities. It is therefore unsurprising that the private rented sector accounts for the vast majority of student housing. This adds to the popularity and high occupancy rates that St Mary’s House offers.
This is a low cash injection, high return investment not to be missed.
Please note: Images shown are of a show apartment and may not be representative of the property for sale.
Gross rent: £5,208
Ground rent: £300
Service charge: £1,200
Lettings fees: £400
Net income: £3,308
Gross yield: 10.42%
Net yield: 6.62%
*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-12861