(Launch) Great yield and growth in Sheffield city centre
Sheffield is still known as the city of steel due to its historical prowess in steel production. Nowadays Sheffield is considered one of the northern economic powerhouses, with the wider metropolitan population of 1,569,000, and more than two million people living within a one hour drive.
Sheffield’s fast-growing economy is now worth £7bn a year. Recent investment propelled the city to become one of England’s leading areas for advanced manufacturing and engineering with both Boeing and McLaren opening new factories in the city.
Why Invest in Sheffield
Sheffield is known around the world for its industrial prowess and a highly skilled workforce which is at the centre of a booming business sector. Residents of the city enjoy an enviable lifestyle and impressive job opportunities in the strategic heart of the country in South Yorkshire.
The Sheffield City Region is at the centre of the country, and Sheffield itself is one of the UK’s core cities which drive the national economy. With more than two million people within an hour’s commute of the city thanks to its location as a hub of national road and rail networks, business and industry knows that it has access to a large, skilled workforce. With a significant presence in sectors as diverse as digital, finance, logistics, manufacturing, engineering and low-carbon industries, Sheffield has the modern economy which puts it on the map and drives investment from around the world.
With the continuing growth of high quality industries and a powerhouse higher education sector, it is no surprise that the population of Sheffield is predicted to grow almost 15% by 2035. The combination of many graduates remaining in the city each year, on top of the large number of young people migrating to the city from elsewhere in the UK annually, has created a city which feels alive and exciting. Sheffield is building its own bright future.
Sheffield Property Situation
Sheffield is a city badly in need of more housing. With the population of the city increasing rapidly, boosted by more than a quarter of all University of Sheffield graduates staying in the city following their education, the competition for rental homes near the city centre grows fiercer each year. This situation has pushed up house prices almost 25% in the last five years according to Zoopla, and it has inflated the median rent in the city to £625 pcm according to Home.co.uk in Q4 2018. With anticipated population growth of 15% by 2035 this situation will probably not change, and apartments close to the city centre and popular areas like Kelham Island are likely to remain good investments far into the future.
The Old Bakery is a high quality investment opportunity to acquire apartments within a historic and beautiful block of only 12 apartments within Sheffield’s busy city centre. The building and it’s apartments have been finished to a high standard, with quality and style in mind. All appliances and materials have been carefully selected to appeal to today’s discerning buyers and tenants that are actively in the market for a quality home with longevity in mind.
Developer: The Parklane Group
Prices From : £132,500
Mortgages : Available from 75% LTV
Address: Sheffield S3
Estimated Completion: Completed
Total nb. of Units: 12 units
Warranty: 10 year warranty (Premier Guarantee)
Tenure: 250 years
Service Charge: £700 p.a.
Ground Rent: £130 p.a.
Expected Yield: Approx. 6% Net
Growth: 5.5% per annum
A great investment for instant passive income and growth!
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