1 bedroom Flat for sale,

Queen Street, Sheffield, S1

Development Information

New Bank House is a purpose-built student and city professionals accommodation development, managed by Xenia, ensuring the building is well maintained and operated to a high standard. The management structure provides peace of mind for investors, with communal areas and building services overseen by experienced professionals.

Lettings for this particular unit are handled by Student FM, offering dedicated management tailored specifically to student accommodation. This arrangement helps streamline tenant sourcing, rent collection, and day-to-day management, making the investment largely hands-off.

On-Site Amenities

Residents at New Bank House benefit from a range of amenities designed to enhance the student living experience, which may include:

Secure entry system

On-site management

Communal social areas

Laundry facilities

Lift access to all floors

Bike storage (subject to availability)

High-speed internet (subject to provider/package)

These features help maintain strong tenant demand and support consistent occupancy levels.

Location

Situated in Sheffield city centre, New Bank House is ideally positioned for access to local universities, transport links, shopping facilities, and leisure amenities. The location is highly attractive to students and young professionals alike, contributing to the property’s investment appeal.

Why This Represents a Great Investment

Motivated seller – potential for competitive purchase price

Offered via Modern Method of Auction

Purpose-built student accommodation

Managed development by Xenia

Lettings handled by Student FM

Low-maintenance studio layout

Strong student rental demand in Sheffield

Hands-off management structure

City centre location

Ideal addition to a property investment portfolio

Tenure & Auction Information

This property is offered for sale by the Modern Method of Auction. Buyers are advised to review all auction terms and conditions prior to bidding. The Modern Method of Auction provides a transparent buying process with a fixed timeframe for completion.

Enquiries

For further information or to register your interest in the auction, please contact the selling agent today.

**** 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.