1 bed flat for sale

Palatine Gardens, 16 Henry Street, Sheffield S3

Palatine Gardens, 16 Henry Street, Sheffield S3 7Dz

This wonderful ground floor one bedroom apartment comes fully furnished and Is suitable for investors. Situated in a high specification development.

Palatine Gardens is a wonderful residential development situated in Shalesmoor, a trendy area of Sheffield within walking distance of the city centre and the popular area of Kelham Island. The apartments at Palatine Gardens provides residents with high-end fixtures and furnishings, as well as a stunning enclosed garden and secure bicycle storage. Furthermore, despite its sublime high gloss, high tech white and grey interiors, Palatine’s beauty is more than skin deep with it’s eco-friendly bills promising significantly reduced energy bills and a subsequent enhancement of rental income.

The local area is a peaceful retreat for tenants away from the hustle and bustle of the city centre, but still within easy walking distance. In addition, the local Supertram light railway stop will allow residents to traverse Sheffield with ease. Sheffield itself is one of the UK’s buy-to-let hotspots thanks to its mix of emerging industries and a high proportion of its population being the sort of skilled young professionals who are desperate to live in high quality rental apartments.

Sheffield's economy is growing at a rapid rate and this is causing significant population growth. More and more people are moving to the city every year, and the housing market is under pressure. With both rents and house prices in the city predicted to rise significantly over the next five years, now is the perfect time to get ahead of the game and invest in Sheffield.

Financial Breakdown

Gross Rent: £8,700.00
Net income: £6,535.38
Gross yield: 9.67%
Net yield: 7.26%
Please contact agent for full financial breakdown.

Important note to purchasers: These particulars, whilst believed to be accurate are set out as a general outline only for guidance, and do not constitute any part of an offer or contract. Neither Yieldit nor the vendor or lessor accept any responsibility in respect of these particulars, which are not intended to be statements or representations of fact and any intending purchaser or lessee must satisfy himself by inspection or otherwise as to the correctness of each of the statements contained in these particulars.

Yieldit ref: Yl-08104