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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£170,000
2 bedroom Flat for sale, Bank Street, Sheffield, S1
Features and Description
- URRENTLY LET AT £975 PCM (£11,700 PER ANNUM)
- ATTRACTIVE 6.88% GROSS YIELD AT £170,000
- SPACIOUS 720 SQ FT FIRST FLOOR APARTMENT
- TWO-BEDROOM LAYOUT WITH STRONG TENANT APPEAL
- READY-MADE INVESTMENT WITH TENANT IN SITU
- PRIME SHEFFIELD CITY CENTRE LOCATION
- IDEAL ADDITION TO ANY BUY-TO-LET PORTFOLIO
Two-Bedroom Apartment
First Floor | Approx. 720 sq ft | Currently Let at £975 PCM
Investment Overview
An excellent opportunity to acquire a spacious two-bedroom apartment situated on the first floor of the highly regarded Liberty House development in Sheffield City Centre.
Extending to approximately 720 sq ft, the property offers generous accommodation with broad appeal to professional tenants, couples and sharers. The apartment is currently tenanted and generating £975 per calendar month, providing immediate rental income from completion.
Located in the heart of Sheffield City Centre, Liberty House remains a popular residential development due to its excellent access to employment hubs, universities, transport links, shopping facilities and vibrant leisure amenities.
Why Buy This Apartment?
Immediate Rental Income
The property is currently producing £975 PCM, equating to an annual rental income of £11,700.
Attractive Investment Return
Based on an asking price of £170,000, the property delivers a gross yield of approximately 6.88%, making it an attractive addition to any investment portfolio.
Spacious Accommodation
At approximately 720 sq ft, the apartment offers larger-than-average living space compared to many city centre properties.
Popular Two-Bedroom Layout
Two-bedroom apartments continue to attract strong tenant demand from professional sharers, couples and city centre workers, supporting long-term occupancy levels.
Prime Sheffield City Centre Location
Residents enjoy easy access to shops, restaurants, bars, universities, major employers and Sheffield's extensive transport network.
Established Tenant in Situ
A ready-made investment opportunity with rental income from day one.
Long-Term Growth Potential
Sheffield's ongoing regeneration and strong rental market continue to underpin demand for quality city centre accommodation.
Location
Liberty House occupies a prominent city centre position on Bank Street, placing residents within walking distance of Sheffield Cathedral, Fargate, Leopold Square, the city's retail and business districts, and Sheffield Railway Station. The development remains highly desirable for both tenants and owner-occupiers seeking convenient urban living.
A spacious city centre apartment offering immediate rental income, excellent tenant appeal and an attractive investment opportunity in one of Sheffield's most established residential developments.
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 refSCI260200
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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£2,239
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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 £153,000 and repaying over 25 years with a 2.5% interest rate.
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