Student Studio (4.11)

Spacious and fully managed student studio for sale in the heart of Sheffield city centre, offering residents and quick and convenient access to both of the cities major universities. For investors, this unit offers an estimated net rental income of £4,051.03 per annum, representing a robust net rental yield of approximately 8.50%.

Westbar House is perfectly situated in close proximity to both universities; the University of Sheffield and Sheffield Hallam University, alongside being just a short walk away from Sheffield city centre. One of the UK’s most popular student destinations, Sheffield is today home to over 60,000 full time students. As well as offering close proximity to the two city centre universities, West Bar House is also within easy walking distance of all major shops, restaurants and transport hubs.

Westbar House, Sheffield – Investment Breakdown

£143.00 x 51 weeks = £7,293.00 gross per annum
Lettings and property management (approx.) = £875.15 (at 12% inc. VAT)
Service charge = £1,915.89 per annum
Ground Rent = £450.92 per annum
Total estimated net rental income per annum = £4,051.03

Westbar House – Fully Managed Investment

Westbar House is a fully by SDP Student Homes, one of the UK’s leading student block management and lettings providers.

Westbar House offers boutique accommodation for students studying in Sheffield. Comprising of a total of 83 studios and 6 larger apartments, each fully furnished unit at Westbar House has a private kitchen, bathroom, and study area. Alongside offering independent living spaces, student residence will also benefit from an array of onsite amenities from an entertainment room and gym to a laundry area and communal gardens. The one-bedroom apartment is currently on a rental assurance until 2021, achieving a yield of approximately 9%, generating an annual rental income of £6,115.50.

Westbar House Facilities

Communal areas with Wi-Fi
Communal garden
Entertainment room
Gym
Laundry Room
Out of hours security team