Studio flat for sale

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Studio flat for sale

Alexandra House, 1 Castle Gate, Sheffield, S3 8LE
£30,000

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

Description

Alexandra House is a modern student development in Sheffield, catering to working professionals and students in their second/third year of study. The property is located near the city center and train station, within walking distance to university buildings and amenities. Residents will have access to in-house laundry facilities, a common room, study room, and a residents-only gym, as well as free Wi-Fi and included bills. Sheffield is recognized for its student satisfaction and nightlife, with bars, restaurants, and clubs within walking distance. The property offers a gross yield of 24% and a net yield of 10.89%, making it an attractive investment opportunity for cash buyers. However, please note that the property is not eligible for a mortgage and can only be purchased as an investment property.