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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£155,000
2 bedroom Flat for sale, Queen Street, Sheffield, S1
Features and Description
- TWO BEDROOMS & TWO BATHROOMS
- CURRENTLY GENERATING £10,800 PER ANNUM
- VACANT POSSESSION AVAILABLE SUBJECT TO NOTICE
- SPACIOUS 643.68 SQ FT GROUND FLOOR APARTMENT
- PRIME SHEFFIELD CITY CENTRE LOCATION
- IDEAL FOR INVESTORS OR OWNER-OCCUPIERS
- STRONG RENTAL DEMAND FROM TENANTS
Two-Bedroom, Two-Bathroom Ground Floor Apartment
Approx. 643.68 sq ft | Currently Let at £900 PCM | Vacant Possession Available
Investment & Residential Opportunity
An excellent opportunity to acquire a spacious two-bedroom, two-bathroom ground floor apartment within the popular North Church House development in Sheffield City Centre.
Extending to approximately 643.68 sq ft, the apartment offers well-proportioned accommodation ideally suited to professionals, sharers, couples and owner-occupiers seeking convenient city living.
The property is currently let on an Assured Periodic Tenancy (APT) at £900 per calendar month, generating an annual rental income of £10,800. Vacant possession can be granted, subject to satisfactory notice being served upon the current tenant, providing flexibility for both investors and owner-occupiers.
Why Buy This Apartment?
Strong Investment Credentials
Generating £10,800 per annum from the current tenancy, the property offers immediate income potential for buy-to-let investors. Sheffield's thriving rental market continues to attract professionals, graduates and students seeking quality city centre accommodation.
Flexible Purchase Opportunity
Whether you're looking for a ready-made investment or a home for your own occupation, this apartment provides both options, with vacant possession available subject to tenant notice requirements.
Spacious Accommodation
At 643.68 sq ft, the apartment offers significantly more living space than many city centre apartments, with two bedrooms and two bathrooms enhancing its appeal to a wider tenant and buyer demographic.
Prime City Centre Location
Situated in the heart of Sheffield, residents benefit from easy access to major employers, universities, transport links, shopping, restaurants and leisure facilities.
Excellent Tenant Demand
Two-bedroom apartments remain highly sought after by professional sharers, couples and small families, helping to support strong occupancy levels and rental demand.
Ground Floor Convenience
The ground floor position offers ease of access and practicality, appealing to a broad range of occupiers.
Gross Yield Calculation
Gross Yield (%) = Annual Rent ÷ Purchase Price × 100
£155,000 Purchase Price = 6.96% Gross Yield
A spacious and versatile city centre apartment offering immediate rental income, strong tenant appeal and the flexibility to purchase as an investment or future home.
Specification
Common Areas
- Multiple communal entrances
- Modern stylish design to entrances
- 2 lifts
Bathrooms
- High quality white three-piece suite with chrome fittings
- Chrome heated towel rail
- Ceramic part tiled walls and flooring
- Shaker panelled feature wall
Finishes
- Vinyl timber flooring to apartments
- Luxurious carpet to bedrooms
- Chrome finished sockets and light switches throughout
- Electric wall mounted panel radiators
Kitchen
- Bespoke modern custom designed kitchens
- Tiled splashback
- Fully integrated appliances including:
• Dishwasher
• Fridge freezer
• Oven
• Electric hob
• Washer / dryer
Technology
- Video Intercom Entry System linked to your mobile
- Philips Hue Smart Wireless Lights in the living room
- Energy efficient recessed downlights
- USB and USB-C TV sockets in living room and bedrooms
- Wall mounted electric radiators
Security
- Video intercom entry system linked to your mobile
- CCTV
- Secure Post Boxes
Bike Storage
- On-site secure bike storage
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, S1
Additional Information
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Property refSCI260195
-
EPCC
-
Council TaxB
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Local authoritySheffield City Council
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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Borrowing £139,500 and repaying over 25 years with a 2.5% interest rate.
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