No bars, no signal predictedOne bar, reliable signal unlikelyTwo bars, may experience problems with connectivityThree bars, likely to have good coverage and receive a data rate to support basic web servicesFull bars, likely to have good coverage indoors and to receive an enhanced data rate to support multimedia services
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Studio

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Studio
0 bed
1 bath

Key information

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Property description & features

  • STUDO APARTMENT
  • SMALL SELECTION OF APARTMENTS
  • COMPLETION DUE 2022
  • VERY REASONABLE SERVICE CHARGE
  • EXCELLENT LOCATION IN SHEFFIELD
  • BOUTIQUE DEVELOPMENT
  • YIELDS OF 7% AVAILABLE
  • GROUND RENT IS JUST 0.1% OF THE PURCHASE PRICE
  • PERFECT FOR INVESTORS
  • FANTASTIC SPECIFICATION
LOCATION  

Less than a mile from Sheffield's lively city centre, and next to the vibrant Kelham Island, this location is unrivalled and will offer tenants a high-end lifestyle near the banks of the River Don.  

MIXED TENANT DEMOGRAPHIC  

Sheffield is home to two major universities and at any one time there are 52,000 students here, including over 12,000 international students from over 170 countries. Both the professional sector and the student market remain incredibly buoyant, thus resulting in huge demand for high quality accommodation. The fact that Great Central is within close proximity to both universities means it's an ideal development for a lot of the international students, mature students and then due to the good transport links, the proximity to some major employers it's going to be extremely appealing for professionals who are looking for a higher quality of living.  

KELHAM ISLAND  

The development is in a fantastic location next to Kelham Island - the remains of the old factories and workshops have given the area a lot of character and charm, gone is the beating heart of manufacturing replaced with trendy art galleries and microbreweries, as well as lots of charming independent bars and restaurants, this is the place to live. Beyond this it is incredibly close to the universities and also the region's top employers for example it's walking distance from HSBC headquarters and Lloyds Banking group, it's a short drive to McLaren CTC a £50m purpose built complex, Rolls Royce is a 10 min drive, Boeing is an 8 minute drive.  

WHY INVEST IN SHEFFIELD?  

ONE OF THE FASTEST GROWING CITIES  

Well, for starters Sheffield is one of the fastest-growing cities in the UK, it's in a similar position to where Leeds was 5 years ago, making it a prime opportunity to enjoy high tenant demand and exponential growth over the short and long term. Unbeknown to many Sheffield has one of the largest economies in the North of England worth £14.6 billion annually – an increase of 81.85% is predicted over the next 10 years, with the economy expected to rise to £26.59 billion. It's also worth touching on the fact Sheffield had the highest number of new companies formed in 2020, which stands at 4,228 almost double the next closest which was Doncaster. This is an extremely strong indicator and something we look at before taking on projects in any city.  

POPULATION  

Another major point to consider is the population size of Sheffield at 586,730, this is already putting major pressure on the housing stock in the city, and this is expected to rise by another 50,000 towards the end of the decade. This is important as there is not anywhere near that level of construction in the pipeline and as mentioned there is already a lack of supply, which is further restricted by the cladding crisis. To give you a bit more context, only 11,439 units were added to the housing stock between 2012 and 2020, and there are only plans for 2,923 a year up to the end of the decade which will leave an expected shortage of around 15,000. Many people are not aware of this but I'm sure you will agree it's very compelling.  

CAPITAL GROWTH  

Given the lack of supply in Sheffield, which is a bigger issue than a lot of people realise there is clear scope for capital growth. The prediction over the next 5 years is around 15% which is probably slightly below what it actually will be. You are likely to see this forecast to be adjusted at the end of this year, getting something secure in Sheffield before then would be well advised. There will be that immediate rush when people start to cotton on to the strong case for Sheffield, most talk about Leeds, Manchester and Liverpool. There is a case to be made that would put Sheffield just below Leeds in terms of capital growth.  

Places of interest

    North Property Group has fast become one of the leading and most trusted property investment firms in the UK. The company has strong relationships with international property developers and are able to bring the best schemes to market for their clients. The company is trusted by investors across the globe to provide a tailored property investment service and in a short space of time has become the go to agent for property investments. Founded by Oli Banks and Tim Coen, North Property Group was launched to offer investors a range of property investment opportunities with high-returns and consistent security. The company provides an ethical and holistic approach to property investment and management by offering a full service package which includes expert advice on sourcing the best properties, providing information on the areas in the UK which have high rental demand and low supply, finding suitable tenants for the investment and managing the property via their strong lettings arm. Designed for both new and established investors, North Property Group is built on trust, integrity, quality and a wealth of experience. Whether you are looking to launch or build a thriving portfolio, North Property Group is attentive, proactive and committed to offering the best possible advice and service to its international client base. North Property Group have experience in lettings and property management, investment and re-sale properties. They can help manage and sell portfolios of any size across the UK. More information about North Property Group and reviews from its past and present investors can also be found on the industry review site, Trust Pilot.

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    Property reference 102866004230. The information displayed about this property comprises a property advertisement. OnTheMarket.com makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and OnTheMarket.com has no control over the content provided by the agent or developer. This property advertisement does not constitute property particulars. The information is provided and maintained by North Property Group - Leeds.

    OnTheMarket may have applied supplementary data to this property listing, including:

    Broadband availability and predicted speed

    Broadband speed is measured in megabits per second, with the number returned showing how fast the connection is. Each reading is based on the highest predicted speed of any major broadband network for services that deliver the download speeds. The following are the different readings that we may display:

    Basic: Up to 30 Mbit/s
    Super-fast: Between 30 Mbit/s and 300 Mbit/s
    Ultra-fast: Over 300 Mbit/s

    The data is updated three times a year. The checker results are predictions and should not be regarded as guaranteed. For more information, see: https://checker.ofcom.org.uk/en-gb/about-checker#Answer_0_2

    Mobile phone signal availability and predicted strength

    Mobile signal predictions are provided by the four UK mobile network operators: EE, O2, Three and Vodafone. Predictions can vary significantly from the coverage you may actually experience as a result of local factors (especially terrain). Ofcom has tested the actual coverage provided in various locations around the UK to help ensure that these predictions are reasonable. The values shown against a property can be broken down as follows:

    Clear: No bars, no signal predicted
    Red: One bar, reliable signal unlikely
    Amber: Two bars, may experience problems with connectivity
    Green: Three bars, likely to have good coverage and receive a data rate to support basic web services
    Enhanced: Full bars, likely to have good coverage indoors and to receive an enhanced data rate to support multimedia services

    Energy Performance data and Internal floor area

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    *Call rate information

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