Royal Plaza Two Bedroom Apartment, Sheffield with a 6.3% Return
Advertised yesterday is this ready made investment. Royal Plaza is certainly up there with the best.Â
Located on West Street it is in a prime location for students and professionals working in the city centre.
The popularity of Royal Plaza amongst tenants has grown every year since its existence. This is down to the increase in students coming to Sheffield, particularly from overseas.
You can expect approximately Â£875pcm for this property, meaning if purchased at asking price, you would achieve a yield of approximately 5.9%. I believe this is low, especially when you take into account the service charge.Â If you can get the property for a bargain at Â£165,000, you would be looking at a yield of 6.3%, which is more like it, but still not fantastic.
If you did purchase this property, it is highly unlikely that the value would decrease. With rents increasing all the time, this property will only become more attractive to investors in years to come.
The service charge is well spent in the development and very reasonable considering this. You certainly get you moneys worth.
Apartments like this, sell very, very quickly!