Sheffield buy to let property S3
Enquire about this property today
By completing this form, you give us permission to send your contact information to the property developer or their appointed agent.
They will share the property brochure and relevant information to help you make an informed decision. You hereby agree that your details will be added to a mailing list to receive emails of similar opportunities.
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
£114,000Starting Price
6.6%Net Yield
Q4 2022Completion 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.
- Prices starting from £114,000
- Up to 6.6% returns
- Size range: 355 sq ft to 710 sq ft
- Completion: November 2022
- Studios, one, and two-bedroom apartments available
- Minutes’ away from yoga studios, bars, cafes, and supermarkets
- 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
- Pendant lighting to living areas
- All switches and sockets (excluding kitchen) to be white plastic
- Zanussi appliances in kitchen
- Free standing Beko washer / dryer
- Integrated dishwasher
- Integrated fridge / freezer
- White bathroom suite
- Voice-only entry system
- Double glazing
- 20% upon exchange of contracts
- 80% upon completion
“We are your partner in prosperity”
If you are considering buying investment property, it starts with a conversation. If we understand what you are looking for we are in a better position to help you achieve your goals and save you time by recommending the most suitable property.
Request a call back
