1 bed flat

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1 bed flat

Palatine Gardens, Sheffield S3
£90,000

Our Summary

  • Tenanted investment opportunity

Description

This stylish one-bedroom apartment in Palatine Gardens, Sheffield, is a turnkey investment opportunity yielding 8.5% net. The fully furnished property is situated on the third floor of a high-spec development, just a short walk from the city centre and Kelham Island. The apartment features eco-friendly fixtures and furnishings, and residents can enjoy a stunning enclosed garden and secure bicycle storage. The local area is peaceful and within easy reach of the city centre, with a Supertram stop nearby. Sheffield's economy is growing rapidly, causing significant population growth and increasing demand for high-quality rental apartments. With predicted rent and house price rises over the next five years, now is a great time to invest in the city. The property is managed by an experienced team, and the financial breakdown shows a gross rent of £10,200 and a net income of £7,614, with a gross yield of 11.33% and a net yield of 8.46%.