Studio 8 at Regent House | Barnsley

Barnsley

Situated in the centre of Barnsley, only 250m from Barnsley Interchange Train Station, this new development at Regent House will be perfect to house young professionals.  This rural market town is located between the Northern Powerhouses of Leeds and Sheffield and is home to more than 85,000 residents.  The town stands at the centre of the Metropolitan Borough of Barnsley, which has a population of 231,900.

A part of both Sheffield and Leeds City Regions, Barnsley is scheduled to undergo a £50m regeneration to transform and reinvigorate Barnsley’s central heart.  The scheme includes and new market square, the extension and refurbishment of the town’s market, a new 3,000sqm public library, a cinema, shops and offices.  The first phase – a covered market – is set to begin on site in early 2016.

The Traditional Market Town, Barnsley

About the Development

The 54 residential apartments range from studios to 1 bedroom apartments with a furniture package included in the purchase price.

Construction on the development commenced in October 2015 with completion scheduled for Q3 2016.

Prices start from £49,000 for a studio and go up to £56,000 for a 1 bedroom apartment.

Returns

  • 9% NET Rental Return (excluding the ground rent)
  • 3 Year Rental Assurance
  • Income Paid Quarterly in Arrears

The Development

  • Office to Residential Conversion
  • 54 Apartments
  • Construction Commenced October 2015
  • 199 Year Leasehold
  • Completion Scheduled Q3 2016
  • Experienced & Established Developer

This development is expected to go quickly following the developers previous development, Studio 8, Bolton, selling out weeks before the completion of the development.

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Investment options

  • Studio Apartment
  • Sale Price: £49,000
  • Annual Maintenance Fee: Projected £686
  • Annual Management Fees: 8 % inc. VAT
  • Annual Ground Rent: £300
  • Rent PCM: £360
  • NET Income: £3,715
  • NET Yield (%): 7.58 %
  • Availability: Opportunities available
  • Large Studio
  • Sale Price: £53,000
  • Annual Maintenance Fee: Projected £686
  • Annual Management Fees: 8 % inc. VAT
  • Annual Ground Rent: £300
  • Rent PCM: £388
  • NET Income: £4,044
  • NET Yield (%): 7.63 %
  • Availability: Opportunities available
  • 1 Bed Apartment
  • Sale Price: £56,000
  • Annual Maintenance Fee: Projected £686
  • Annual Management Fees: 8 % inc. VAT
  • Annual Ground Rent: £300
  • Rent PCM: £420
  • NET Income: £4,420
  • NET Yield (%): 7.89 %
  • Availability: Opportunities available
Our Location
CXG House, 70 High Street, Haverhill, Suffolk, CB9 8AR