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Telephone House Student Apartments For Sale In Sheffield

£106,000

Reference:
THVS
Type:
Apartment
Location:
United Kingdom
City:
Sheffield
Bedrooms:
1
Bathrooms:
1

Telephone House is located at the very heart of Sheffield, a major centre for UK university education that plays host to over 63,000 students, 11,000 of which are from overseas. It is a city with a clear, proven demand for purpose-built student property.

 

The most exciting element of Telephone House's location is its proximity to both the University of Sheffield and Sheffield Hallam University. Minutes’ walk from both institutions, this property not only represents Sheffield’s finest student residences, but it is the only development located this close to both universities.

A complete renovation of what used to be BT’s 14 storey regional headquarters, this property is being developed into luxury apartments designed for students with discerning tastes. 

 

Telephone House residents can expect to find an en-suite shower room, fully integrated kitchen and flat screen smart TV, alongside other high-spec fixtures and fittings. These factors, together with the fact that the development is in a prime location near two prestigious universities, means it will experience extremely high demand from students, subsequently creating high returns for investors. 

 

Sheffield is home to more than 52,000 domestic students and 11,000 international students across two prestigious universities. 45,000 of Sheffield’s student population doesn’t have access to purpose-built student property and the rapidly growing demand for luxury accommodation has brought to light the city’s lack of stock.

 

Telephone House is situated directly in-between both Sheffield Hallam and the University of Sheffield, and is a five minutes’ walk from both institutions. It is this prime location which makes it so attractive for investors and students alike.

 

No other student property in the city is available this close to both universities, with most others situated on the outskirts of town. It is for this reason that the location of Vita Student at Telephone house is perfect for investors as it will ensure the development is popular with students.

Property Features

  • 35% net rental return assured over 5 years – yield based on 7% annual return for five years.
  • 63,000 students, with 45,000 unable to access private accommodation.
  • Minutes’ walk from both universities – the best located student development in Sheffield.
  • Fully-managed, a complete ‘hands-off’ investment. 
  • Final units remaining for investors to buy in this popular development in the heart of Sheffield
  • Available from £106,000.
  • A deposit of £5,000 is required to secure a unit, 25% of the total price due on exchange of contracts and a further 25% in June 2015. The balance is to be paid on completion of the project in September 2015.
  • Situated directly in-between two universities, five minutes’ walk from both institutions that educate a combined 63,000 students.
  • Minimum returns of 35% net over the assured five year period within a fully managed scheme.