Sheffield Buy-to Let Hotspot
With rising rents, a strong housing market and excellent buy-to-let mortgages now available, many people are looking to traditional bricks and mortar to invest their hard-earned savings.
The S1 area is developing fast and is known to have some of the highest gross yields in the whole of the UK, providing up to 11% on some properties.
With a population of over 500,000, Sheffield is England’s fourth-largest city, and regularly attracts over 57,000 students, many of whom choose to stay after graduation. The S1 area is perfectly located for them with excellent links to the Universities, Colleges and Hospitals.
Let’s not forget the professionals either, with Sheffield’s economy booming and many young professionals unable to afford a deposit to buy a property, more and more are turning to rentals.
“Sheffield is at a massive advantage over other major northern cities, benefiting from its location, strength of the rental market and relative under-supply of city centre residential units. The strength of the rental market can also be attributed to the limited number of high-quality centrally-located schemes in Sheffield, especially when compared with other regional centres across the UK.”
Victoria Chambers is a perfectly placed development scheme for investors looking to buy in the S1 area, with an excellent blend of one and two bedroomed properties, all boasting period features, as well as high specification interiors and very competitive prices from £132,500 to £160,000.
www.spencersestateagents.co.uk Spencers Estate Agents Blog - Sheffield