Humphry Davy House 1 Bedroom
Overview
Located in Wath upon Dearne, Sheffied, Humphry Davy House is a modern conversion, designed specifically for assisted living purposes.
Comprised of a collection one bed apartments, this new development is framed by stunning views of the rural landscape and directly opposite the uniquely created Adwick Memorial Park.
Spanning over 4 floors, Humphry Davy House can be found next to Sheffield University Campus for Nurses Training, making it perfectly situated for the needs of those occupying the residence.
As Humphry Davy House is tenanted and fully operational, it’s primed and ready to deliver and with occupancy levels at 100% for the sector, it’s going to continue to deliver substantial, guaranteed returns of 10%.
Each apartment is designed with an open plan living area and kitchen with high spec finish and modern appliances. A large double bedroom and fully equipped bathroom complete the apartment and provide everything tenants require to be able to live as independently as possible.
You may have heard the term Assisted Living used to describe retirement homes or elderly care villages. However, the term is now more broadly used to cover people of all ages and abilities that could benefit from additional support at home, through a self-contained property.
Assisted Living helps people with additional needs to be able to live on their own. As demand for this style of living continues to grow, so too has the market value - increasing by over 9% in the past five years.
A 2022 report into the Assisted living sector valued the market at £11.5bn, an increase of 9.1% over the preceding 5 year period. It notes that, on average, 670,000 people are currently in receipt of supported services across the UK, with a significant squeeze on available services making demand outweigh supply.
With adequate assisted living apartments experiencing a short-fall of nearly 500,000, occupancy levels in available apartments remains consistently high.
Price range:
One bedroom apartment £182,000
1st floor
10% net rental guaranteed 25 years
Completed
Payment Plan:
£5,000 reservation fee (takes the unit off the market)
Balance on exchange Cash or 75% mortgage
Amenities
Risk management & compliance, when approached strategically, have the potential
- One bedroom Apartment
- £182,000
- £5,000 reservation fee
- Balance cash or 75% mortgage
- Completed tenanted
- 10% net rental guaranteed 25 years
- Annual rent £18,200
- Next to university