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-Sheffield-
Spacious studios from just £89,995
Impressive rental yields of 7.7%
48 self-contained studios and 1 beds priced at 17% below local comparables
Part of the Northern Power House Initiative, Sheffield’s affordable and high demand property market represents one the premier BTL hotspots in the UK today
Sheffield is home to two world class universities with over 65,000 students
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
Opportunity to own high-spec apartments in Sheffield’s hottest new Quarter
Fully hands-off investment, managed by established UK operator
INVESTMENT summary
PHASE 1 COMPLETED AND FULLY TENANTED
PHASE 1 COMPLETED AND FULLY TENANTED
introducing Cornwall WorksA 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 todays competitive rental market.
Sheffield’s Thriving Economy
Jobs in the city increased by 22% between 1995 and 2008
With an economy bigger than some European countries, the Sheffield City Region is a
significant financial power. The region is home to almost 1.8 million people and has an output
of more than £24.7 billion per year.
WHY INVEST IN SHEFFIELDSheffield 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.
Sheffield is a richly diverse, multicultural city that has
earned its reputation for being one of the friendliest and
safest in the UK.
The UK’s fourth largest city, Sheffield offers a unique
blend of both urban lifestyle and rural retreat. The city has
been going through something of an ‘urban renaissance’
in recent years, making the most of its grand industrial
heritage and architecture, and reinventing itself as a city of
European significance.
Sheffield has something for everyone: a vibrant pub and
club culture; high street and boutique shopping; restaurants
to suit all tastes; the largest theatre complex outside
London; art galleries; iconic music venues; and sports
facilities, including three climbing centres and the world’s
deepest diving pool.
Yet a third of the city also lies within the beautiful Peak
District National Park. This combination of an exciting,
bustling, cosmopolitan city within an outstanding area
of natural beauty makes Sheffield a truly unique and
inspirational place to live, work and study.
A vibrant and CULTURED CITY
Part of the Northern Power House Initiative, Sheffield’s affordable
and high demand property market
represents one the premier BTL hotspots in
the UK today
Part of the Northern Power House Initiative, Sheffield’s affordable
and high demand property market
represents one oF the premier BTL hotspots in
the UK today
enjoy rental yields in
excess of 7.5
enjoy rental yields in
excess of 7.7
Sheffield is England's 4th largest city. It is an exciting and
modern place, with a population of over 500,000. Sheffield
City Centre offers buy-to-let investors the best returns in the
UK, according to recent research conducted by Comparison
website TotallyMoney.com across more than 2,600
postcodes. Low property prices, improvements to the city
centre and high tenant demand due to population retention
rates have clearly created the perfect conditions to make
Sheffield a buy-to-let hotspot.
Sheffield’s attractiveness is no disadvantage and with
changes across the city landscape including new homes,
renovated buildings and commercial hubs, it’s only going to
become more popular. There is an influx of people moving to
the city for work and students from the University of Sheffield
and Sheffield Hallam University remaining in the city that
they’ve grown to love. It has an ever-developing commercial,
cultural and arts scenes, and those who wish to live here but
don’t have the accessible funds to buy a home are turning to
rented property.
According to Knight Frank, Sheffield’s rental market is
providing optimism for the city’s property sector. Rental
properties in Sheffield city centre are snapped up in an
average of three days with up to five tenants vying for each
available property. It is an excellent opportunity for private
landlords to invest in a new property with such a high chance
of finding a suitable tenant at short notice upon completion.
With sensibly priced houses, flexible mortgages and the
increasing price of rent, conditions are ideal for investment.
Knight Frank commented "Sheffield is at a massive advantage
over other major northern cities, benefiting from its location,
strength of the rental market and relative undersupply of city
centre residential units. The strength of the rental market
can also be attributed to the limited number of high quality
centrally located schemes in Sheffield, especially when
compared with other regional centres across the UK"
Investing in Sheffield’s Buy-To-Let MarketPAY ZERO
SERVICE CHARGE AND MANAGEMENT
FEES FOR YEARS 1 AND 2
PAY ZERO SERVICE CHARGE
AND MANAGEMENT FEES FOR YEARS
1 AND 2
Kelham Island’s award winning
pubs, The Fat Cat and the Kelham
Island Tavern, were recently mentioned
in the New York Times’ article “52
Places to Go in 2014”.
Kelham Island’s award winning
pubs, The Fat Cat and the Kelham
Island Tavern, were recently mentioned
in the New York Times’ article “52
Places to Go in 2014”.
LIVING AND WORKING IN KELHAM ISLANDThe Kelham Island Quarter has an edgy, dynamic ‘SoHo’
feel about it, characterised by warehouses converted into
high spec offices and apartments, artisan businesses and
workshops, galleries, cafes, bars, restaurants and award
winning pubs. Its riverside setting and central square further
add to its charm.
For ale connoisseurs, the Kelham Island Tavern is the only
pub to have won the coveted CAMRA National Pub of the
Year Award for two years running.
The area buzzes with energy and has fast become Sheffield’s
‘place to be’, attracting young professionals, couples and also
families who enjoy its vibrant sense of community.
Kelham is a unique and exciting space in which to live, work
and visit, so many don’t feel the need to venture further! Yet
it is well connected by excellent bus and tram links to the
city centre, universities and local colleges. The Peak District
National Park is also just a 10 minute drive away.
Centrally Located, Centrally Connected
Located at the heart of the UK, Sheffield has
excellent transport links whether you are traveling
by road, rail or air.
Sheffield is the UK’s most centrally located city
region. It is at the hub of key road and rail networks
and close to the major UK business centres of
Manchester and Birmingham.
LONDON
TRAINS
Sheffield has extensive rail links to all
major UK cities. Manchester is less
than an hour by train and London is just
2 hours and 4 minutes away. Trains run
from Sheffield to London every hour,
and up to three times per hour to and
from Manchester.
AIRPORTS
Manchester Airport is an hour’s journey
away by car, and just over an hour by
train. This major international airport
is the largest outside London and
provides direct flights to over 220
destinations worldwide - more than any
other UK airport.
ROADS
Sheffield is connected to the national
motorway network via the M1 and
M18 motorways. The M1 skirts the
north-east of the city, linking Sheffield
with London.
liverpool
manchester
leeds
SHEFFIELDSheffield will also benefit from the development of Northern Powerhouse Rail, which will reduce journey times to Leeds and Manchester to under 30 minutes
Sheffield will also benefit from the development of Northern Powerhouse Rail, which will reduce journey times to Leeds and Manchester to under 30 minutes
10 MIN WALK
15 MIN WALK
20 MIN WALK
Cornwall Works locationSOCIAL
Kelham Island Quarter has all manner of cafes, gastro pubs,
bars and breweries, which are thriving in what is quickly
becoming a new student and young professional mecca.
SHOPS
Kelham Island has many unique points of interest reflecting
its past, such as outlets for vintage clothes and handmade
trinkets, and various artist studios and museums.
TRANSPORT
Sheffield’s central location is of huge benefit when it comes
to transportation. With the whole of the UK easily accessible
via trains, roads and air transport.
EDUCATION
Home to over 63,000 students due to its 2 successful
universities, Sheffield and more specifically the Kelham Island
quarter is forging a name for itself as one of the trendiest
places to live in the UK.
KELHAM ISLAND MUSEUM
sheffield retail quarter
O2 ACADEMY
HALLAM UNIVERSITY
THE UNIVERSITY OF SHEFFIELD
the management
Belvoir Lettings focuses on its core principles of
professionalism and delivering exceptional customer service.
They aim to constantly exceed their clients expectations.
They enjoy a high standing within the lettings sector and by
never losing sight of their core values Belvoir are the first
choice for lettings in the UK.
Belvoir recently won the title of Best Lettings Franchise at
the Lettings Agency of the Year 2014 in association with The
Sunday Times and the Times.
In 2012 Belvoir became the first residential lettings agency
to launch on the AIM of the London Stock Exchange. Belvoir
has numerous offices throughout the UK and an ambitious
acquisition programme is underway, which means many
more offices are scheduled to open in the next few months.
Delivering developments that improve, develop and create
positivity within their surroundings area is what drives
Firestone. Knowing how the markets move and what
investors need is what sets them apart.
Firestone has forged strong relations with ambitious and
talented companies at the forefront of the UK property
industry. From sourcing the land through to completion,
delivering exceptionally high levels of service and quality
throughout the process.
We are able to maximise the potential of each site because
we have a dedicated team of professionals whose talent,
drive and meticulous attention to detail, enable us to
design high-quality bespoke homes.
Design & Details
What sets their developments apart from the rest is level
of interior design featuring furniture sourced from the
top designers around the world, coupled with the highest
quality finishes.
the developer
purchase process
Reserve your unit with a £5,000 reservation deposit (including £1000 admin fee)
The remaining 65% will be paid on completion( please note, furniture pack payment will be due prior to completion)
Rolling rental contract with 7.7% yields
On exchange of contracts pay 35% (less £4,000 from reservation deposit)