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£60,000

Sovereign House, Queen Street, S1

  • 1 bed
Detached house

£60,000

  • 1 bed
Detached house
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Estimate monthly mortgage payment:

£274 per month

Minimum deposit amount:

£3,000
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Standout Features
  • INVESTMENT OPPORTUNITY
  • STUDENTS AND YOUNG PROFESSIONALS WELCOME
  • ONE BEDROOMED APARTMENT
  • FULLY MANAGED SERVICE CONTRACTED TO 2027
  • EXCELLENT RESIDENT FACILITIES
  • GYM, CINEMA ROOM AND COMMUNAL LOUNGE
  • IN THE HEART OF SHEFFIELD CITY CENTRE
  • EPC RATING D
Property Description *****Guide Price £60,000 - £70,000******
Hunters Hillsborough present a fantastic investment opportunity to purchase a first floor one bedroomed apartment in the popular Sovereign House development, renowned for offering investors a strong rental income. The current rental income is £220 per week managed via Xenia Lettings who are contracted to the property until 2027. This luxury accommodation welcomes students and young professionals and is fully furnished throughout with a double bed, dining room table and chairs, sofa and desk included. The kitchen area has a microwave, fridge and an electric hob. En suite shower room with shower cubicle, W/C and sink basin. Residents can enjoy the thoroughly modern decor throughout the building and a range of exceptional communal facilities including a gymnasium, a games room, a cinema room, laundry facilities and communal lounges. Free WiFi and SKY TV are included in the service charge. Investors can have peace of mind that the experienced management company who look after the apartments and tenants are always on hand for any queries. The building is ideally placed in the centre of Sheffield with a wealth of bars, restaurants and shops on your doorstep as well as being within walking distance to the University of Sheffield, Sheffield Hallam and the Hallamshire Hospital. Additional Information
Tenure: Leasehold Lease Years Remaining: 239 Ground Rent: £386 per year Service Charge: £3,876 per year Council Tax Band: A
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