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 yields of around 10%, 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.
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 10% 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
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