Overview
A rare opportunity to acquire eight fully tenanted cluster apartments within the sought‑after Aspect 3 development in Sheffield. These modern, purpose-built student apartments offer strong, stable rental income and excellent NET yield of 12.25%, making them ideal for both established and first‑time investors.
Each cluster apartment is self-contained (not individual rooms), fully let, and professionally managed, offering a turnkey investment in one of the UK’s strongest university cities.
Key to the appeal of this student cluster will be the full management and lettings package which is provided by Student Facilities Management (StudentFM). We have worked consistently with StudentFM for a number of years, and find them to be a highly professional and effective student management provider.
Prime Student Location
Located on Edward Street, Aspect 3 sits within walking distance of both major universities:
- University of Sheffield – approx. 10 minutes
- Sheffield Hallam University – approx. 15 minutes
Tenants also benefit from close proximity to supermarkets, bus routes, cash machines, cafés, bars, and the city’s thriving student social scene.
Property Features
Aspect 3 provides a modern, well-maintained environment designed specifically for student living:
Apartment & Room Features
- Fully furnished apartments and bedrooms
- Private bathrooms – no shared facilities
- Comfortable large beds (three‑quarter or double)
- Study desks, storage, and lounge furniture
- Fully equipped kitchens with:
- Microwave
- Dishwasher
- Ample cupboard and countertop space
Building Amenities
- High‑speed broadband throughout
- Communal lounge with TV and Xbox
- Cycle storage
- 24/7 security and card‑entry systems
- On‑site management and support, provided by Student FM
- All bills included for residents (electric, water, heating, broadband)
Investment Highlights
- 8 tenanted cluster apartments
- Strong 12.25% NET yield (approx.)
- Professionally managed by Student FM
- Highly popular with both undergraduates and postgraduates
- Consistently high occupancy in the development
- Low-maintenance, hands‑off investment profile
- Located in an established purpose-built student accommodation hub
Incoming/Outgoing Costs
- Weekly rental income: £464 x 52 = £24,128
- Service charges: £13,265.24 per annum
- Ground rent: £500 per annum
- Management fees: £828.36 per annum
- Letting fee: £275 per annum
- Arrears: £450.67
Compliance & Certifications
Aspect 3 benefits from modern building compliance and strong fire safety assurances:
- EWS1 Rating: B1
Fire risk sufficiently low – no remedial works required
- PAS 9980 FRAEW: Low Risk
- Local Authority Building Control Completion Certificate
Regulation 17 sign‑off confirming full Building Regulations compliance
Tenure
All apartments are leasehold and will be sold with their existing leases.
Lease expiry date: 31 December 2132.
Summary
Aspect 3 offers a rare opportunity to acquire immediately income‑producing student investment units in a proven, resilient market. Whether purchased individually or as a full portfolio, these cluster apartments combine:
- Excellent occupancy
- Strong net returns
- Professional management
- Modern facilities
- Long leasehold security
- Fully managed by one of the UK’s leading student property management companies (Student Facilities Management).
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