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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£16,200
1 bedroom Flat for sale, Queen Street, Sheffield, S1
Features and Description
A fantastic opportunity to acquire a ready-made buy-to-let investment in the heart of Sheffield. This purpose-built studio apartment is already producing income and offers a strong combination of location, amenities, and tenant demand.
Currently tenanted until 29th August at £563.33 PCM, this is an ideal hands-off investment for both new and experienced landlords looking to expand their portfolio.
Accommodation
Thoughtfully designed to maximise space and practicality, the studio comprises:
Open-plan living / kitchen / bedroom area
Fitted bed, study desk, and kitchenette
Modern en-suite shower room
Efficient layout ideal for student or professional tenants
The design ensures strong rental appeal with a low-maintenance, high-functioning living space.
Resident Facilities
One of the standout features of Sovereign House is the excellent range of on-site amenities, enhancing tenant experience and long-term demand:
Fully equipped gym
Dedicated study spaces
Stylish residents’ lounge areas
Professional on-site reception
Secure bike storage
Laundry facilities (payable separately)
These facilities help drive occupancy and support consistent rental returns.
Location
Positioned within easy reach of Sheffield’s key destinations, Sovereign House benefits from excellent connectivity and convenience:
Close to universities and education hubs
Short distance to the city centre amenities
Strong transport links across Sheffield and beyond
Surrounded by shops, cafés, and everyday essentials
The area continues to attract strong rental demand from students and young professionals alike.
Investment Highlights
Turnkey investment with tenant in place
Current rent: £563.33 PCM
High demand location with consistent occupancy levels
Strong appeal to student and professional rental market
When priced correctly, these units are selling quickly
Sovereign House has established itself as a reliable investment location, offering both stability and long-term growth potential.
Summary
A well-located, fully functional investment property offering immediate income and strong future demand. With the added benefit of excellent on-site facilities and a proven rental track record, this is a solid, low-maintenance investment opportunity in a thriving Sheffield location.
Early enquiry is strongly recommended as demand remains high for this type of asset.
**** AUCTION TERMS ****
This property is for sale by Modern Method of Auction allowing the buyer and seller to complete within a 77 Day Reservation Period. Interested parties’ personal data will be shared with the Auctioneer (iamsold Ltd).
If considering a mortgage, inspect and consider the property carefully with your lender before bidding. A Buyer Information Pack is provided, which you must view before bidding. The buyer is responsible for the Pack fee. For the most recent information on the Buyer Information Pack fee, please contact the iamsold team.
The buyer signs a Reservation Agreement and makes payment of a Non-Refundable Reservation Fee of 4.5% of the purchase price inc VAT, subject to a minimum of £6,600 inc. VAT. This Fee is paid to reserve the property to the buyer during the Reservation Period and is paid in addition to the purchase price. The Fee is considered within calculations for stamp duty.
Services may be recommended by the Agent/Auctioneer in which they will receive payment from the service provider if the service is taken. Payment varies but will be no more than £960 inc. VAT. These services are optional.
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.
Queen Street, Sheffield, S1
Additional Information
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Property refSCI260134
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EPCC
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TenureLeasehold
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Lease length237 years
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Council TaxA
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Local authoritySheffield City Council
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Ground Rent£379
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Ground Rent ReviewContact the branch
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Service Charge£2,653
Do you have a property you need to sell?
Reeds Rains Estate Agents Sheffield
Reeds Rains Sheffield
B2 Spaces, Pennine Five, Sims Street, Sheffield, S1 4BY
Mon - Fri09:00 - 17:30Saturday09:00 - 16:00SundayClosed
Disabled access available
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Monthly payment
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Borrowing £14,580 and repaying over 25 years with a 2.5% interest rate.
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