Student apartment in Sheffield

INVESTMENT OPPORTUNITY

We are pleased to bring to market A28, Aspect, a one-bedroom apartment offered at an asking price of £35,000, representing one of the most accessible entry points currently available into the Sheffield S3 rental market. With a net yield of 13.2%, the return on this property sits well above both the Sheffield average and the wider UK buy-to-let benchmark, making it a compelling addition to any income-focused property portfolio.

THE PROPERTY

A28 is a one-bedroom apartment situated on the 5th floor of Block A within the Aspect development. The accommodation comprises a private double bedroom, a separate living room, and a bathroom. As a mid-to-upper floor apartment within the block, the unit benefits from an elevated outlook.

The apartment is currently tenanted, with a weekly rent of £180, so a buyer can expect immediate income from completion, with no void period to factor into their return calculations.

RENTAL INCOME

Rent: £180 per week x 51 weeks: £9,180.00

Outgoing Costs:

• Letting & Management Fee: £330.00
• Service Charge, Repairs & Sinking Fund: £3,921.00
• Ground Rent: £300.00
  Total Deductions: £4,551.00

Net Annual Return: £4,629.00

Gross Yield: 26.2%
Net Yield: 13.2%

For context, these figures compare very favourably against typical Sheffield buy-to-let performance, where gross yields across the city generally range from 5% to 8%, with the highest-performing postcodes, including S3 sitting at the top of that range. A net yield in excess of 13% on a sub-£40,000 purchase price is a rare combination of low capital outlay and high income return.

TENURE

The property is held on a leasehold basis, with a 125-year term commencing in 2008, leaving approximately 107 years remaining. This is a comfortable term length for both owner-occupiers and investors, with no immediate lease extension considerations required.

WHY SHEFFIELD S3 / KELHAM ISLAND

Kelham Island has undergone a well-documented transformation from a former industrial quarter into one of Sheffield’s most desirable residential and lifestyle districts, drawing comparisons to Manchester’s Ancoats. The area is now known for its converted warehouse apartments, independent cafés, craft breweries, and riverside developments, alongside continued new-build residential investment.

Key demand drivers for the location include:

• A deep student and graduate tenant pool – the University of Sheffield and Sheffield Hallam University collectively house over 60,000 students, and Kelham Island’s proximity to both institutions, along with the city centre, keeps voids low.
• Among the city’s top-yielding postcodes – S3 is consistently reported as delivering some of Sheffield’s strongest rental yields, with figures as high as 7-8% quoted for the wider postcode, ahead of premium western suburbs such as S10 and S11.
• A growing professional occupier base – Sheffield’s expanding tech, digital and advanced manufacturing sectors are drawing young professionals into Kelham Island specifically, broadening the tenant base beyond students and supporting rental growth.
• Active regeneration – city centre schemes including Heart of the City II, Castlegate, and West Bar Square continue to strengthen the appeal of the wider S1-S3 corridor to both tenants and employers, supporting the case for medium-term capital growth alongside strong income.
• Strong connectivity – the location is within walking distance of Sheffield city centre, with tram and rail links providing fast onward connections across the city and the wider region.

THE INVESTMENT CASE, IN SUMMARY

• Low capital entry point at £35,000
• Established tenancy in place, generating immediate income
• Net yield of 13.2%, significantly above typical UK and Sheffield benchmarks
• Located in one of Sheffield’s most in-demand postcodes for both students and young professionals
• Comfortable 125-year lease term with c.107 years remaining
• Positioned to benefit from ongoing city centre regeneration

Get in touch with the team