Studio flat for sale

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Studio flat for sale

Alexandra House, 50, Castlegate, Sheffield, South Yorkshire, S3 8LE
£35,000

Price History

Initial price £40,000
14/11/24 £35,000
Price Change -12.50%

Description

This fully furnished studio apartment in Sheffield city centre offers a lucrative investment opportunity, generating a 10.85% net return on investment. The property, located within walking distance of the city centre and train station, benefits from common facilities such as laundry, study room, and resident gym. The development, Alexandra House, is a modern property with a strong rental demand, making it an attractive option for investors. The property is available for cash buyers only and is not eligible for a mortgage. The financial breakdown shows a gross rent of £6,600, net income of £3,799.12, and a gross yield of 18.86%. The property is ideal for investors looking for a high-yielding investment opportunity in a popular student city.