Buy to Let Property For Sale UK

Sheffield buy to let property S3

From: £114,000
Up to 6.6% returns
Stone's throw from trendy Kelham Island
15-minute walk away from Sheffield Hallam campus, 23 minute walk away from University of Sheffield
Low entry point

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New build development close to trendy Kelham Island. Offering returns of up to 6.6%


New build buy to let property in Sheffield, a stone's throw away from Kelham Island. Comprising studios, one, and two-bedroom apartments, this development is ideal for young professionals and students alike.

Key Figures

£114,000
Starting Price

6.6%
Net Yield

Q4 2022
Completion Date

Investment Details

Kelham Ridge Sheffield Buy to Let Investment Fundamentals


Situated just a stone’s throw from Sheffield’s Kelham Island, Kelham Ridge is a new-build development comprising studios, one, and two-bedroom apartments.
  1. Prices starting from £114,000
  2. Up to 6.6% returns
  3. Size range: 355 sq ft to 710 sq ft
  4. Completion: November 2022
  5. Studios, one, and two-bedroom apartments available
  6. Minutes’ away from yoga studios, bars, cafes, and supermarkets
  7. 15-minute walk away from Sheffield Hallam campus, 23 minute walk away from University of Sheffield

About Kelham Island in Sheffield


Over the last few years, the Kelham Island area of Sheffield has been revitalised. Old warehouses and workshops have been transformed into trendy microbreweries, galleries, and coffee shops. It is now popular with young professionals and students to live in and visit, yet it retains its historic charm.

Sheffield Population Growth

Sheffield is the fourth biggest city in the UK, and its population is expected to increase by around 88,600 people over the 25-year period to 652,300 in 2039.

Between 2020 - 2035, Sheffield's city council estimates that 2,248 units will be completed per annum, which is below the new-build requirement of 2,923. This will result in a shortage of at least 11,328 homes by 2035.

The lack of housing allows investors the opportunity to achieve good occupancy levels and capital growth driven by the shortage.

The Numbers

Ground Rent:0.1% of sale price

Number of Units:50

Service Charge:£1.60 per sq ft

Prices:

Leasehold:250 years

Kelham Island Museum
Tesco Express
Kelham Island Brewery
Sheffield Train Station
Sheffield Hallam University
  1. Pendant lighting to living areas
  2. All switches and sockets (excluding kitchen) to be white plastic
  3. Zanussi appliances in kitchen
  4. Free standing Beko washer / dryer
  5. Integrated dishwasher
  6. Integrated fridge / freezer
  7. White bathroom suite
  8. Voice-only entry system
  9. Double glazing
  1. 20% upon exchange of contracts
  2. 80% upon completion

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