This calculator provides a guide to the amount of residential stamp duty you may pay and does not guarantee this will be the actual cost. This calculation is based on the Stamp Duty Land Tax Rates for residential properties purchased from 23rd September 2022 and second homes from 31st October 2024. For more information on Stamp Duty Land Tax, click here.
5 bedroom Flat for sale, Edward Street, Sheffield, South Yorkshire, S3
Features and Description
- 5 BEDROOM 5 BATHROOM APARTMENT
- 5TH FLOOR LOCATION
- MANAGED BY STUDENT FM
- HANDS OFF INVESTMENT
- COULD GENERATE £28,000PA INCOME
- RESERVATION FEES WILL APPLY
- SIMPLY BID AND BUY IN FIXED TIME SCALES
- MOTIVATED SELLERS
A fantastic opportunity to acquire a five-bedroom, five-bathroom shared apartment located on the fifth floor of a purpose-built student accommodation development in a central Sheffield location. The property is designed to accommodate modern student living, featuring five well-proportioned en-suite bedrooms and a spacious open-plan living kitchen area, creating a practical and sociable environment for residents.
This property presents an appealing opportunity for a savvy investor seeking both income and future upside. Currently, only one occupant is in residence, offering significant potential to increase returns. When fully occupied, the apartment could generate a gross income in the region of £28,000 per annum, making this an attractive yield opportunity once stabilised. Previous contracts ended in March 26 and the remaining units are actively being advertised for re-let.
The apartment is situated within a professionally managed development, providing a fully hands-off investment. On-site management oversees tenant sourcing, maintenance, and day-to-day operations, making ownership straightforward and low maintenance. The development also benefits from a range of amenities designed to attract and retain tenants, including high-speed broadband, secure entry, communal areas, cycle storage, and on-site support.
Edward Street is well positioned within walking distance of both The University of Sheffield and Sheffield Hallam University, ensuring consistent demand from the city’s large student population. The central location also offers convenient access to transport links, retail amenities, and leisure facilities, further enhancing the property’s rental appeal.
Key Features:
Five bedrooms, all with en-suite bathrooms
Fifth-floor apartment within purpose-built student accommodation
Spacious open-plan living kitchen area
Currently one occupant in situ
Potential gross income circa £28,000 per annum when fully occupied
Professionally managed development providing hands-off investment
Strong student rental demand location
Communal facilities and on-site management
Attractive yield potential with value-add opportunity
Ideal purchase for a savvy investor
This is a compelling investment opportunity offering both immediate income and the potential to enhance returns through full occupancy within a well-established student accommodation development.
**** AUCTION TERMS ****
This property is for sale by the Modern Method of Auction, meaning the buyer and seller are to Complete within 77 days (the "Reservation Period"). Interested parties personal data will be shared with the Auctioneer (iamsold).
If considering buying with a mortgage, inspect and consider the property carefully with your lender before bidding.
A Buyer Information Pack is provided. The winning bidder will pay £349.00 including VAT for this pack which you must view before bidding.
The buyer signs a Reservation Agreement and makes payment of a non-refundable Reservation Fee of 4.5% of the purchase price including VAT, subject to a minimum of £6,600.00 including VAT. This is paid to reserve the property to the buyer during the Reservation Period and is paid in addition to the purchase price. This is considered within calculations for Stamp Duty Land Tax.
Services may be recommended by the Agent or Auctioneer in which they will receive payment from the service provider if the service is taken. Any payment that will be received by the Agent or Auctioneer will be confirmed to you in writing before services are taken. Services are optional.
Bedroom 1
6.73mx2.44m
Bedroom 2
3.63mx2.41m
Bedroom 3
3.63mx2.41m
Bedroom 4
3.63mx2.41m
Bedroom 5
3.63mx2.41m
Kitchen / Living room
6.35mx4.52m
IMPORTANT NOTE TO POTENTIAL PURCHASERS:
We endeavour to make our particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or fact. The services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency is given. All photographs and measurements have been taken as a guide only and are not precise. Floor plans where included are not to scale and accuracy is not guaranteed. If you require clarification or further information on any points, please contact us, especially if you are travelling some distance to view. Fixtures and fittings other than those mentioned are to be agreed with the seller.
Edward Street, Sheffield, South Yorkshire, S3
Additional Information
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Property refSCI260145
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EPCC
-
TenureLeasehold
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Lease length106 years
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Council TaxC
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Local authoritySheffield City Council
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Ground Rent£500
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Ground Rent ReviewContact the branch
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Service Charge£11,558
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