This calculator provides a guide to the amount of residential stamp duty you may pay and does not guarantee this will be the actual cost. This calculation is based on the Stamp Duty Land Tax Rates for residential properties purchased from 23rd September 2022 and second homes from 31st October 2024. For more information on Stamp Duty Land Tax, click here.
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£57,000
4 bedroom Flat for sale, Edward Street, Sheffield, S3
Features and Description
- I'M IN A MODERN ONLINE AUCTION
- 4 BEDROOM, 4 EN-SUITE HMO APARTMENT
- PART-LET WITH IMMEDIATE INCOME
- FURTHER RENTAL UPSIDE POTENTIAL
- MODERN DEVELOPMENT – ASPECT
- LOW MAINTENANCE, HANDS-OFF INVESTMENT
- PRIME LOCATION NEAR UNIVERSITIES & CITY CENTRE
- DEMAND FROM STUDENTS & YOUNG PROFESSIONALS
- RESERVATION FEE WILL APPLY
Starting Bid £57,000!
This is an ideal opportunity for savvy investors seeking high-yield returns with low involvement, in a strong rental market fuelled by Sheffield’s two thriving universities.
£25,699 potential annual income, offering an attractive gross yield of 20.86% in year 1, a strong investment opportunity with excellent return potential!
The property is currently let to a mix of students and professionals and is generating a total income of £491 per week from the outset. It is fully managed by Student FM, a professional lettings and management company specialising in high-quality accommodation. Their full management service includes tenant sourcing, rent collection, maintenance, and compliance, providing buyers with complete peace of mind.
Internally, the apartment comprises four well-proportioned double bedrooms, each with its own private en-suite, along with a modern kitchen and communal living space. The layout is HMO-compliant and ready to go, with no additional works required.
Residents of the Aspect development benefit from a range of on-site facilities including secure entry, 24/7 CCTV, an on-site management office, common room and study areas, cycle storage, laundry facilities, and lift access to all floors. The building is purpose-built for the student market and maintained to a high standard, creating a safe and attractive living environment.
Situated on Edward Street, the development is ideally located within walking distance of both the University of Sheffield and Sheffield Hallam University, as well as local amenities, transport links, and the city centre. This central location continues to drive strong and consistent rental demand.
The property is being offered for sale by modern method of auction plus fees. This presents a low entry price point with strong yield potential, making it an attractive option for both experienced investors and those entering the market.
To arrange a viewing or for further information, please contact the sales team at Reeds Rains City Living Sheffield.
IMPORTANT NOTE TO POTENTIAL PURCHASERS:
We endeavour to make our particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or fact. The services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency is given. All photographs and measurements have been taken as a guide only and are not precise. Floor plans where included are not to scale and accuracy is not guaranteed. If you require clarification or further information on any points, please contact us, especially if you are travelling some distance to view. Fixtures and fittings other than those mentioned are to be agreed with the seller.
Edward Street, Sheffield, S3
Additional Information
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Property refSCI260116
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EPCC
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TenureLeasehold
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Lease length106 years
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Council TaxC
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Local authoritySheffield City Council
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Ground Rent£500
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Ground Rent ReviewContact the branch
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Service Charge£10,920
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Reeds Rains Estate Agents Sheffield
Reeds Rains Sheffield
B2 Spaces, Pennine Five, Sims Street, Sheffield, S1 4BY
Mon - Fri09:00 - 17:30Saturday09:00 - 16:00SundayClosed
Disabled access available
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Borrowing £51,300 and repaying over 25 years with a 2.5% interest rate.
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