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.
1/2
£65,000
1 bedroom Flat for sale, Apartments, 185, Sheffield, S3
Features and Description
- SECOND FLOOR APARTMENT
- SPACIOUS INTERNAL BEDROOM
- OPEN-PLAN LIVING KITCHEN BRIGHT AND VERSATILE
- FOR SALE BY THE MODERN METHOD OF AUCTION
- TENANTED AT £575 PCM – MARKET RENT £675 PCM
- CENTRAL CITY CENTRE LOCATION CLOSE TO SHOPS
- DEVELOPMENT UNDERGOING REMEDIAL WORKS SCAFFOLDING PRESENT
- CASH BUYERS OR PRE-ARRANGED FINANCE ADVISED EWS1 MAY BE AVAILABLE SOON
Spacious one-bedroom apartment situated in the heart of Sheffield, within the desirable Q4 Apartments development. This contemporary home offers a bright and open-plan living space with a modern kitchen, perfect for relaxing or entertaining. The apartment features a generously sized internal bedroom and a modern bathroom, providing both style and comfort. Further internal photographs will be available shortly once the current tenant can accommodate access.
Currently, the property is tenanted on a rolling tenancy at £575 per calendar month, providing an immediate rental income for investors. The property has strong rental potential, with the current market rent estimated at approximately £675 per month, making it an excellent opportunity for those considering re-letting.
The apartment is ideally located on Upper Allen Street, placing residents within easy reach of Sheffield’s vibrant city centre. Local amenities, restaurants, shops, and cultural attractions are all just a short walk away, while excellent transport links make commuting or exploring the wider area effortless. The location offers both convenience and lifestyle benefits, appealing to tenants and owner-occupiers alike.
Please note, the development currently has scaffolding in place due to ongoing remedial works. An EWS1 certificate may be issued soon, however, we currently advise that prospective buyers are either cash purchasers or have finance arrangements in place before expressing interest.
This property represents a rare opportunity to acquire a modern, centrally located apartment in a sought-after Sheffield development, with both immediate income and excellent rental potential.
**** 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.
Additional Information
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Property refSCI260006
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EPCC
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TenureLeasehold
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Lease length104 years
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Council TaxA
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Local authoritySheffield City Council
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Ground Rent£600
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Ground Rent ReviewContact the branch
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Service ChargeContact the branch
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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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Borrowing £58,500 and repaying over 25 years with a 2.5% interest rate.
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