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.
£140,000
2 bedroom Flat for sale, Bank Street, Sheffield, South Yorkshire, S1
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Features and Description
- NO ONWARD CHAIN - TENANTED INVESTMENT
- VIEWINGS AVAILABLE NOW
- RENTAL INCOME OF £900 PCM
- FOR SALE VIA MODERN OF AUCTION.
- COUNCIL TAX - WAITING BANDING
- TWO BEDROOMED GROUND FLOOR APARTMENT
- ELECTRIC HEATING THROUGHOUT
- BRAND NEW CONVERSION
- UNBEATABLE LOCATION
Introducing 56 Bank Street, Sheffield: A Stunning 2-Bedroom Ground Floor Apartment in a Newly Converted Old Court House
Starting bid: £140,000
A Large 2-Bedroom Apartment (74 sqm) in a Fully Redeveloped Historic Court House
An excellent opportunity to acquire a spacious two-bedroom ground floor apartment set within a beautifully converted former court house in the heart of Sheffield City Centre.
This characterful building was fully redeveloped in 2021 and completed in 2023, blending historic architecture with high-quality modern interiors. The apartment offers generous proportions (approximately 74 sqm), high ceilings, large windows, and contemporary finishes throughout.
Investment Highlights
Tenanted Investment – £900 PCM Income
Previous Rent Achieved £1,050 PCM
Potential Gross Yield up to 9%
Large 2-Bed Apartment – 74 sqm
Fully Redeveloped Building (2021) – Completed 2023
Long Lease – 250 Years
10-Year New Home Warranty until May 2033
Prime Sheffield City Centre Location
Service Charge: £3,335 per annum
Ground Rent: £200 per annum
The Property
The apartment offers a spacious open-plan living, dining and kitchen area, ideal for modern city living. The contemporary kitchen includes integrated appliances such as fridge/freezer, dishwasher, oven, hob and washing machine.
There are two well-proportioned double bedrooms and a stylish bathroom with modern fixtures and fittings. Secure entry provides peace of mind for residents.
Location
Situated on Bank Street in the very heart of Sheffield, the property is within walking distance of:
Sheffield Cathedral
Fargate & City Centre Retail
Sheffield Hallam University
The University of Sheffield
Sheffield Train Station
Bars, restaurants and business district.
This prime location ensures strong and consistent rental demand from professionals and students alike.
EPC D
Council Tax- B
**** 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
3.38mx3.07m
Bedroom 2
4.2mx2.67m
Kitchen / lounge
7.42mx3.58m
Bathroom
3.07mx1.7m
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 refSCI260106
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EPCD
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TenureLeasehold
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Council TaxB
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Local authoritySheffield City Council
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Ground Rent£200
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Ground Rent ReviewContact the branch
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Service Charge£3,335
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
£
Borrowing £126,000 and repaying over 25 years with a 2.5% interest rate.
Now you know what you could be paying, book an appointment with our partners Embrace Financial Services to find the right mortgage for you.
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Energy Efficiency Rating
Very energy efficient - lower running costs
Not energy efficient - higher running costs
Current
59Potential
59CO2 Rating
Very energy efficient - lower running costs
Not energy efficient - higher running costs