Studio flat for sale

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Studio flat for sale

Alexandra House 50, Castlegate SHEFFIELD S3 8LE
£38,000

Our Summary

  • Due to the size and lease restrictions on purpose-built student accommodation, this property is not eligible for a mortgage and can only be bought as an investment property - cash buyers only need apply
  • Do not miss out on this fantastic high yielding investment opportunity

Description

This modern studio apartment is located in Alexandra House, a self-contained development within walking distance of Sheffield city center. The property benefits from common facilities such as laundry, a common room, study room, and resident gym, as well as free Wi-Fi and inclusive bills. The development is close to all amenities, including universities, bars, restaurants, and nightlife destinations, making it an attractive option for students and short-term lets. The property has a strong rental demand and provides lucrative returns for investors, with a gross yield of 18.33% and net yield of 10.55%. Note that this property is only eligible for cash buyers and is not suitable for mortgage financing due to lease restrictions.
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