Freephone: 0800 043 6956 Email: info@freshinvest.co.uk
Fresh Invest
Fresh Invest
Priority Sites, the joint venture development company owned by English Partnerships and The Royal Bank of Scotland, has committed £3.3 million to the regeneration of Dinnington. Dan Chamberlain
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In detail
The Opportunity:
Fresh Invest are delighted to offer just 3 x 1 bedroom apartments for sale in Dinnington, Sheffield.
All 3 apartments are expected to rent at around £475 pcm. This equates to a yield of 8.1%.
For investors looking for a strong investment in a great regeneration area, this is the one.
Financial Example:
1 bedroom apartment - 574 sq. ft. - £70,000
- Deposit Needed - £21,000
- Rent - £475 pcm
- Mortgage - £49,000
- Mortgage Payments - £248.68 pcm (Northern Rock, 70% LTV @ 6.09% Fixed)
- Service Charge and Ground Rent: £79 pcm
- Positive Cashflow of £147.32 pcm (£1,767.84 per year)
The Development:
This is an imposing development set in the ever changing and rejuvenated area of Dinnington in Sheffield.The developer has an admirable reputation for building a high quality product always to an imposing design.
With the ground floor being designated for retail (with strong restrictions upon the type of retail allowed to the benefit of the residential units).
The development comprises of twenty four apartments, twelve on the first floor and twelve on the second floor.
We have secured a £30,000 discount off four generously sized 574 sq/ft one bedroom apartments all of which have balconies as well as high levels of internal specification, spacious living space and all set within a gated complex.
Local rental agents are confirming a buoyant rental market and are keen to market such high spec modern apartments.
With Persimmon, Barratt, Strata and Haslam all having built recently or building at the moment the area is a proven new build targeted ‘hot spot'.
The Next Step?
Request our brochure which shows all available apartments.
When you have decided on the apartment(s) you desire, let us know, we will then take you through the reservation process.