A stunning new development in Sheffield's vibrant Kelham Island Quarter - the perfect location for high quality, city living.
Cornwall Works, located in the historic and beautiful Kelham Island 'urban village' of Sheffield, is the latest project from seasoned developers, Firestone.
This is actually the second phase of Cornwall Works! The first phase has proven extremely successful and is fully built and 100% tenanted. This development comprises 48 self-contained luxury studio and 1 bedroom apartments. Built to the highest specification this 2nd phase of Cornwall Works is perfectly suited to meet the demands of today's competitive rental market.
Spacious studios from just £89,995
Impressive rental yields of 7.5%+
48 self-contained studios and 1 beds priced at 19% below local comparables
Phase 1 completed and fully tenanted
Completion Q3 2019
Low deposit, just 35% required prior to completion
Zero service charge and management fees for years 1 & 2
Fully hands-off investment, managed by established UK operator
Sheffield is an economic powerhouse in the north of England, attracting businesses globally with a high employment rate, and excellent accessibility and connectivity. Around 2.1 million people live within a 60 minute commute of the city where growing key sectors include the creative and digital industries, low-carbon, and healthcare technologies.
The city centre has undergone a radical transformation in recent years and offers a vibrant and cosmopolitan experience that rivals any European city.
Over 65,000 students study at Sheffield's two universities, including more than 7,000 international students. The city recently topped a list of university towns and cities that could benefit from more student accommodation: the universities are only able to provide 11,369 bedrooms to more than 46,890 full-time students, leaving a massive 76% looking for accommodation in the private rented sector.
The naturally growing population and international student growth are key driving forces behind demand for quality purpose-built accommodation and, with no cap on the numbers who can study in the UK, Knight Frank forecasts this amount will increase by 15-20% over the next five years.
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