Located in the Castlegate quarter of Sheffield city centre, Alexandra House is a beautiful period building, offering fully furnished luxury studios to discerning Sheffield students. With just 25 luxury studios, it’s not as social as some of our other student schemes, but it is ideal for those wanting a quieter environment.
This unit offers investors the opportunity to purchase a completed student property, which is a genuine hands-free investment. Fully managed by Primo Property Management, Alexandra House generated a net rental income of £3,289 last year.
Alexandra House - Unit Information
Studio 1 - 19 square metre student studio for sale - £47,000
Tenanted for the next academic year 2017-2018
Fully managed, hands free investment opportunity
10 Minutes’ walk to Sheffield Halam University
Close proximity to city centre shops and restaurants
Estimated ongoing yield of 6.69% net per annum
Alexandra House - Broken Down
44 weeks x £110 per week = £4,840 gross per annum
Minus Lettings Fees = 8% plus VAT = £464.64
Minus Estimated Service Charge = £1,231 per annum
Total Net Income Per Annum = £3,144.36 paid quarterly
Ground rent £175 per annum
Alexandra House - Location Details
Just a short walk from Sheffield Hallam City Centre Campus, the Alexandra House development automatically benefits from the considerable demand for student rental accommodation throughout the city centre district. With approximately 70,000 full time students currently studying in Sheffield, the city is widely acknowledged as being one of the UK's leading student destinations.
1. £2,000 reservation fee (fully refundable up to completion)
2. Balance on completion
3. Cash purchase only
Call us on +44 (0) 161 337 3890 or contact us using the form below to arrange your free no obligation property consultation.
"My wife and I were looking for purpose built student accommodation for investment and, notwithstanding that we were not their clients, the team at Pure Investor took the trouble to identify our goals and then set about helping us to achieve them."
Peter Taylor | Student Accommodation Investment
All the way through the process you have kept us informed and dealt with the negotiations in a most professional way.
Audrey & Colin | Lancashire
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Call our team today on +44 (0) 161 337 3890