With some of the strongest rental returns in the UK, Sheffield is a destination savvy property investors are looking at. The numbers speak for themselves. Home prices in the Steel City increased by more than 5.6 percent while rental yields were a robust 8.07 percent.
Areas around the Sheffield city centre and Kelham Island are the most in demand from renters with supply currently limited. In particular, there is currently a lack of new built, modern residential projects in the pipeline. Great Central, an apartment complex being developed by Knight Knox and Qualis Developments, aims to help meet some of this demand.
The project is a 15-minute walk from the Sheffield city centre and its potential is staggering. Nearby properties have recorded appreciation of more than 25 percent in the last five years. Should the city maintain its current economic growth, Great Central could chart a similar course while bringing in rental returns of anywhere from 8-10 percent.
Great Central brings extraordinary living to Sheffield
The project boasts 131 fully-furnished units that are elegant and feature a modern design. Studio, one-, two- and three-bedroom apartments are available. Some units come with a parking space, others have balconies with impressive city views and all are equipped with spacious living areas.
There is also a large, landscaped courtyard at Great Central as well as a grand entrance area. Another key amenity is the secure bicycle storage where residents can store their bikes. Cycling is very popular in Sheffield and while this feature may not seem like a big deal to investors, it is something renters will want.
Speaking of renters, an experienced letting agency is already in place for Great Central. Between this and the fully furnished units, investors can enjoy peace of mind not available at other developments.
Great Central launches in Singapore
Great Central is hosting an exclusive launch event at the Orchard Parade Hotel in Singapore on 14-15 July. The FREE event will have information on the market and developer as well as an exclusive look at the project. Additionally, the first 10 buyers at the launch will get a discount not available anywhere else.
Seats are limited, so reserve your spot today. Click here to sign up!