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.
£26,500
1 bedroom Flat for sale, Queen Street, Sheffield, South Yorkshire, S1
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Features and Description
- SMART STUDIO
- PURPOSE-BUILT FOR STUDENTS OR PROFESSIONALS
- EN-SUITE SHOWER ROOM
- GENERATING £598 PCM INCOME
- 27% GROSS YIELD
- 12-MONTH TENANCY FROM JAN 2025
- GOOD CONDITION THROUGHOUT
- ONSITE AMENITIES FOR TENANTS
Studio Apartment in Sovereign House, Sheffield
Welcome to Sovereign House, a modern, purpose-built development in the heart of Sheffield. This stylish studio apartment combines comfort, convenience, and excellent investment potential, making it ideal for students, young professionals, or investors seeking a low-maintenance, income-generating property.
The apartment itself is thoughtfully designed, featuring an open-plan living and study area that maximises space and functionality. The fitted kitchen is equipped with modern appliances, providing everything needed for easy, contemporary living. A private bedroom area, while the en-suite shower room provides convenience. The property is presented in good condition throughout.
Residents of Sovereign House benefit from a range of on-site amenities, including a fully equipped gym, convenient laundry facilities, and dedicated study areas, all designed to support modern urban living.
From an investment perspective, this studio apartment is currently generating £598 PCM, offering a remarkable 27% gross yield. The tenancy is secure with a 12-month lease starting January 2025, providing peace of mind for any prospective investor. Offered for sale by private treaty, this is a rare opportunity to acquire a property in a sought-after, professionally managed building in central Sheffield.
Located on Queen Street, Sovereign House offers excellent access to universities, city amenities, shopping, entertainment, and public transport, ensuring strong ongoing rental demand. Whether you are looking for a secure investment or a stylish city-based home, this property represents a fantastic opportunity.
Call today to arrange a viewing and see for yourself the convenience, comfort, and income potential that Sovereign House has to offer.
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.
Queen Street, Sheffield, South Yorkshire, S1
Additional Information
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Property refSCI250321
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EPCC
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TenureLeasehold
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Lease length239 years
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Council TaxA
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Local authoritySheffield City Council
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Ground Rent£282
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Ground Rent ReviewContact the branch
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Service Charge£2,783
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 £23,850 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
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Current
72Potential
76CO2 Rating
Very energy efficient - lower running costs
Not energy efficient - higher running costs