Q4 Apartments, Upper Allen Street, Sheffield

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Investment Highlights
 Current Market Value: £110,000
 DiscountedPrice: £88,000
 Discount:20%
 Mortgage: just £316
 Rental: £500 pcm
 Cash Positive: £184 pcm
 Packaging fee: £2750+VAT
Property Overview
We are delighted to offer these twenty outstanding penthouse apartments set
within the heart of the St Vincents Quarter Sheffield. With only a 5 minute walk
to the business and retail districts the tram system and the University of
Sheffield these properties are ideal for both professionals and student. Fitted to
a very high standard including fully integrated Hacker kitchens, laminated
flooring, glass space dividers, built in wardrobes and fully fitted bathrooms with
Gronhe and Villeroy & Boch fittings. They are all fully tenanted and furnished
with attractive rental yields.
Plan & Layouts
Property Information

Number of Bedrooms 1

Property Age Approx 3 years

Type of Property Apartment

If Apartment – How many floors does the building have 5

What floor are the Apartments on Top Floor

Are there any commercial units below? If yes what type? No

Type of Construction Brick

Freehold or Leasehold Leasehold

Length remaining on Lease 122 years

Service Charge and Ground Rent £750 p.a and £150 p.a

What type of heating does the property have? Gas central heating

Double Glazed? Yes

What is included in the Kitchen Fully fitted with all

white goods
Does the Property have a Garage or Parking? No
 Local Area

Sheffield is a city in the metropolitan borough of South Yorkshire. Historically a part

of the West Riding of Yorkshire, the city has grown from its largely industrial roots to
encompass a wider economic base. The population of the City of Sheffield is 534,500
(2008 est.) and it is one of the eight largest regional English cities that make up the
English Core Cities Group.

During the 19th century, Sheffield gained an international reputation for steel
production.. International competition in iron and steel caused a decline in
traditional local industries during the 1970s and 1980s, coinciding with the collapse
of coal mining in the area.

The 21st century has seen extensive redevelopment in Sheffield and it is estimated
that Sheffield has over two million trees, more per person than any other city in
Europe; 61% of the city is green space

Local Area Map

 Neighbourhood Profile Family income Low
Interest in current affairs Very High
Often, many of the people who live in
this sort of postcode will live in Housing - with mortgage Very Low
multi-ethnic purpose built estates. Educated - to degree level High
These are known as type 55 in the Couples with children Low
ACORN classification and 1.1% of the
Have satellite TV Low
UK's population live in this type.

Neighbourhoods fitting this profile are mostly found in Inner London, in areas such
as Southwark, Hackney, Lambeth and Tower Hamlets. There are also similar areas
in central Glasgow.

These are some of the most densely populated urban areas in the country, and are
characterised by a young, multi-ethnic population living in purpose built blocks of
flats, some of which are high-rise. Over 20% of the population are Afro-Caribbean.

They rent their small, one and two bedroom flats from the council and housing
associations, and there is a high degree of overcrowding. Almost 60% of
households are single people, including some single pensioners. There are average
levels of children, but more than half of them live in single parent households.

Unemployment levels are high and a significant proportion have been looking for
work for some time. Employment tends to be in low skilled occupations and
incomes are low. Students form 10% of the population in these areas. Like most
young people they are interested in music, fashion and arts such as community
theatre.

Like all urban types, newspapers are popular. Readership is diverse and includes
the Daily Mirror, Daily Sport, The Guardian and Independent.
Due Diligence

Sales Comparables
Properties within a 1 mile radius of this property.
Source: Rightmove

1 bed apartment
Eccleshall Road
£114,950

1 bed apartment
Cavendish Street
£109,950

1 bed apartment
West One Central
£112,500
Due Diligence

Rental Comparables
Properties within a 1 mile radius of this property.
Source: Rightmove

1 bed apartment
Eccleshall Road
£500 pcm

1 bed apartment
Blonk Road
£500 pcm

1 bed apartment
Fitzwilliam House
£525 pcm
 Deal Structure
Market Value: £110,000
Purchase Price: £88,000
Mortgage Borrowing LTV:75% £82,500
Additional Deposit required from you: £5,500
Mortgage Payment: £316 pcm
Market Rent: £500 pcm
Actual Rent: £500pcm
Tenanted: Yes
Packaging fee:* £2,750+VAT
• Packaging fee covers all legal, bridging and broker fees. The client will pay the valuation fees
directly to the lender and the disbursements to the solicitor.