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Sovereign House

Sheffield, United Kingdom

£45,000

  • Tenanted student unit
  • Generating 13.4% NET Yield
  • Fully managed by leading provider
  • Close proximity to universities

For more information please contact our team:

0161 337 3890

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Studio 406 – Sovereign Newbank House, Sheffield – An Overview

An excellent opportunity to acquire a fully managed student investment unit in the heart of Sheffield. This modern, fully furnished studio apartment is ideally positioned for strong tenant demand, offering a hands-off investment with immediate income.

Property Details
– Self-contained studio apartment
– Fully furnished to a high standard
– Private ensuite bathroom
– Located within a popular student development
– Professionally managed for ease of ownership

Investment Summary
– Asking Price: £45,000 (Cash Purchase Only)
– Weekly Rental Income: £185
– Annual Rental Income: £9,620 (based on 52 weeks)
– Tenancy Commencement: June 2025

Annual Costs
– Management Fees: £1,038.96
– Service Charge: £2,157.95
– Ground Rent: £384.00
– Total Annual Costs: £3,580.91

Net Income & Yield
– Net Annual Income: £6,039.09
– Net Yield: 13.42%
– A strong double-digit return, making this an attractive addition to any property portfolio.

Lettings and Property Management
Managed by Student Facilities Management, one of the UK’s leading student property management companies, this unit offers investors a genuinely hands free investment opportunity. StudentFM not only look after the day to day running of the building, but are also responsible for finding and onboarding new tenants and rental payments both from the tenants and to the landlords.

Location
Situated on Queen Street, the property benefits from a central location within Sheffield, a thriving university city with a large and consistent student population. The development is within easy reach of both universities, transport links, retail, and leisure amenities.

Why Invest in Sheffield?
– Home to two major universities with over 60,000 students
– Consistent demand for quality student accommodation
– Ongoing regeneration and economic growth
– Attractive yields compared to other UK cities

Key Highlights
– High-yielding student investment
– Fully managed – hands-off ownership
– Prime city centre location
– Turnkey investment with tenancy in place
– Affordable entry price point

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