Tenure
Knowing the tenure of the property is important because it affects your rights to use the property and the costs of ownership.
Freehold means you’ll own the property and the land it's built on. You'll usually be responsible for the maintenance of the property and have more freedom to alter it.
For flats and maisonettes, the freehold is sometimes shared with other properties in the same building. This is known as a share of freehold.
Leasehold means you'll have the right to live in the home for a set amount of years (specified in the lease). The landlord (the freeholder) owns the land, and if the lease runs out, ownership of the property will go back to them. Lease lengths that are less than 80 years tend to be more complicated and can cause issues with mortgage lenders.
You can extend a lease but this can be expensive. If you'd like to make changes to the property, you'll likely need the landlord’s permission. You're also likely to have to pay an annual amount for ground rent and services charges which can be subject to change. It is good practice to check additional leasehold costs that will apply to the property and factor this into your budget considerations.
Shared ownership is a form of leasehold in which you buy a percentage of the property and pay rent on the share you do not own. You may be able to buy the remaining share at an extra cost. When you wish to sell the property, you may need permission to do so.
Commonhold is a type of freehold ownership for a property that's within a development. A commonhold or residents’ association owns and manages the common parts of the property (like stairs and hallways). You'll need to join the commonhold association and contribute towards maintaining the development. It is good practice to check additional costs that will apply to the property and factor this into your budget considerations.
- Flats
- Allocated parking
Features and description
- Leasehold
- Call Now to Receive a Floor Plan
- Studios, 1 & 2-Bedroom Apartments
- Prime S1 Postcode – Sheffield City Centre
- Short Term Rental Approved
- Free Furniture Pack
- Workspaces and Meeting Rooms
- Resident’s Lounge
- Minimum Rental Income from £9,975
- 7% Rental Return
S1 Investment Flats, F1150
For Investment Purposes or Owner Occupiers – Minimum 50% Deposit Required
A brand-new development in the heart of Sheffield’s most central (S1) district, this range of high-end studios, 1 and 2-bedroom apartments presents an opportunity to invest in one of the UK’s fastest-growing cities. Available from just £140,000 and offering the highest rental returns in the city, each property is of a premium spec and design, maximising rental earnings as well as tenant demand.
Apartments within the development are short term rental approved.
Complementing the world-class internal finish of each apartment are several distinct communal areas that enhance the residential experience and boost the value of each buy to let investment. A quiet onsite workspace and private meeting room provide a great environment for home-based working professionals, while a relaxing lounge and games room give tenants the space to wind down within the comfort of the building.
Located within walking distance of Sheffield’s central shopping district, Sheaf Valley Quarter and two main universities, these premium apartments will generate 7% net rental returns in an area with an 11.7% capital growth projection by 2027.
In the heart of one of Europe’s greenest cities, this development is powered by several energy-efficient technologies that ensure a low service charge for investors and allow each unit to meet the government’s latest EPC requirements. This puts these premium apartments among the most versatile and future-proof investment properties on the UK market!
Although this is an amazing investment opportunity, we do also welcome owner-occupiers to purchase units in this development.
To Receive Free Floor Plans, Virtual Tour and Availability, Call or Register below for an Info Pack
Please get in touch with us if you wish to discuss this property investment or other buy to let opportunities. RWinvest is one of the leading UK property investment companies. We have connected with over 100,000 previous investors and have secured high yield investment deals with guaranteed returns for our customers across the UK and abroad.
Investment Overview
Call Now to Receive an Info Pack
Below Market Value Investment
65% Sold
New Build Residential Apartments
11.7% Capital Growth Projection
S1 Sheffield City Centre
Minimum Rental Income from £2,757
7% Rental Return
Prices from £140,000
Why Invest in Sheffield?
With property prices that sit below the national average and some of the strongest rental yields in the country, Sheffield is consistently growing in stature as an area of lucrative buy to let investment.
The home of two top UK universities and a city with an increasing employment rate, the opportunities for students and young professionals are on a steady rise in Sheffield, particularly in advanced manufacturing and creative technology.
This includes aerospace engineering, healthcare technology and nuclear energy among other sectors that will attract a broad tenant base keen to work for world-renowned companies like Rolls Royce, Boeing and McClaren, each of which have bases in Sheffield.
As well as the range of ongoing regeneration projects currently bringing some £2.5 billion of investment into the city, this contributes to the strong 7% average rental yields currently generated from buy to let properties in Sheffield. Additionally, a projected capital growth rate of 11.7% within the next few years, highlights how this is one of the UK’s most up-and-coming property markets.
For More Information Call Us Today or Register Below for an Info Pack
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