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.
1/13
£130,000
1 bedroom Flat for sale, Bank Street, Sheffield, S1
Features and Description
- CURRENTLY LET AT £895 PCM (£10,740 PER ANNUM)
- ATTRACTIVE 8.26% GROSS YIELD AT £130,000
- SPACIOUS 517 SQ FT ONE-BEDROOM APARTMENT
- READY-MADE INVESTMENT WITH TENANT IN SITU
- PRIME SHEFFIELD CITY CENTRE LOCATION
- STRONG DEMAND FROM PROFESSIONAL TENANTS
One-Bedroom Apartment
Approx. 517 sq ft | Currently Let at £895 PCM | Investment Opportunity
Investment Overview
An excellent opportunity to acquire a modern and well-presented one-bedroom apartment within the popular Liberty House development, ideally positioned in the heart of Sheffield City Centre.
Extending to approximately 517 sq ft, the apartment offers spacious and well-balanced accommodation, appealing to professionals, first-time buyers and investors alike. The property is currently tenanted and generating £895 per calendar month, providing immediate rental income from completion.
Situated on Bank Street, Liberty House benefits from a prime city centre location, within walking distance of Sheffield's business district, universities, transport links, retail amenities and vibrant leisure scene.
Why Buy This Apartment?
Strong Rental Income
The property is currently producing £895 PCM, equating to an annual rental income of £10,740.
Attractive Gross Yield
Based on an asking price of £130,000, the apartment delivers an impressive gross yield of approximately 8.26%, making it an attractive proposition for buy-to-let investors.
Prime City Centre Location
Liberty House occupies a sought-after position in Sheffield City Centre, providing residents with immediate access to shops, restaurants, bars, universities and major employers.
Excellent Tenant Demand
City centre apartments continue to experience strong demand from professionals and graduates seeking convenient accommodation close to work and transport connections.
Spacious One-Bedroom Layout
At approximately 517 sq ft, the apartment provides generous living space compared to many modern city centre one-bedroom properties.
Ready-Made Investment
With a tenant already in situ, investors can benefit from income from day one without the uncertainty of an initial letting period.
Long-Term Growth Potential
Sheffield continues to attract significant investment and regeneration, supporting demand for quality city centre accommodation and underpinning long-term investment prospects.
Location
Liberty House is situated on Bank Street in Sheffield City Centre, placing residents within easy reach of Sheffield Cathedral, Fargate, Leopold Square, the city's retail core and a wealth of cafés, restaurants and entertainment venues. Sheffield Railway Station, the Supertram network and major road links are all readily accessible, making this a highly desirable location for tenants and owner-occupiers alike.
A high-yielding city centre investment opportunity offering immediate rental income, strong tenant demand and an attractive return in one of Sheffield's most established residential locations.
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.
Bank Street, Sheffield, S1
Additional Information
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Property refSCI260199
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EPCE
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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£1,608
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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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