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£60,000 Offers over

5 bedroom Flat for sale,
Edward Street, Sheffield, South Yorkshire, S3

Lisa Sharp  Branch Manager
Lisa Sharp
Senior Branch Manager
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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.

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

  • Property ref
    SCI260145
  • EPC
    C
  • Tenure
    Leasehold
  • Lease length
    106 years
  • Council Tax
    C
  • Local authority
    Sheffield City Council
  • Ground Rent
    £500
  • Ground Rent Review
    Contact the branch
  • Service Charge
    £11,558
Lisa Sharp  Branch Manager
Lisa Sharp
Senior Branch Manager

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Reeds Rains Estate Agents Sheffield

Sheffield Branch Manager
Reeds Rains Sheffield
B2 Spaces, Pennine Five, Sims Street, Sheffield, S1 4BY
Mon - Fri09:00 - 17:30Saturday09:00 - 16:00SundayClosed
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Borrowing £54,000 and repaying over 25 years with a 2.5% interest rate.

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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.

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Energy Efficiency Rating

Very energy efficient - lower running costs

(92 plus) A
(81 - 91) B
(69 - 80) C
(55 - 68) D
(39 - 54) E
(21 - 38) F
(1 - 20) G

Not energy efficient - higher running costs

Current

74

Potential

84

CO2 Rating

Very energy efficient - lower running costs

(92 plus) A
(81 - 91) B
(69 - 80) C
(55 - 68) D
(39 - 54) E
(21 - 38) F
(1 - 20) G

Not energy efficient - higher running costs

Current

N/A

Potential

N/A