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.
£180,000
2 bedroom Flat for sale, Queen Street, Sheffield, S1
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Features and Description
- CURRENTLY LET AT £925 PCM – INCOME FROM DAY ONE
- ATTRACTIVE 6.17% GROSS YIELD AT £180,000
- SPACIOUS 750.24 SQ FT FIRST FLOOR APARTMENT
- TWO BEDROOMS & TWO BATHROOMS
- ESTABLISHED TENANT IN SITU
- PRIME SHEFFIELD CITY CENTRE LOCATION
- IDEAL ADDITION TO ANY BUY-TO-LET PORTFOLIO
First Floor Two-Bedroom, Two-Bathroom Apartment
Approx. 750.24 sq ft | Currently Let at £925 PCM | Investment Opportunity
Investment Overview
A superb opportunity to acquire a generously proportioned two-bedroom, two-bathroom first floor apartment within the popular North Church House development in Sheffield City Centre.
Extending to approximately 750.24 sq ft, this well-presented apartment offers spacious accommodation ideally suited to professional tenants, couples and sharers. The property is currently tenanted and generating £925 per calendar month, providing immediate rental income from completion.
Located in the heart of Sheffield, North Church House continues to attract strong tenant demand due to its convenient city centre setting and excellent access to employment hubs, universities, transport links and local amenities.
Why Buy This Apartment?
Immediate Investment Income
The property is currently producing £925 PCM (£11,100 per annum), providing investors with income from day one.
Attractive Gross Yield
Based on an asking price of £180,000, the property delivers a gross yield of approximately 6.17%.
Larger Than Average Apartment
Offering approximately 750.24 sq ft, this spacious apartment provides excellent living accommodation and broad tenant appeal.
Two Bedrooms, Two Bathrooms
A highly sought-after layout that appeals to professional sharers, couples and small families, supporting long-term rental demand.
Prime City Centre Position
Located within walking distance of Sheffield's business district, universities, retail amenities, bars, restaurants and transport connections.
Established Rental Location
North Church House has proven popular with tenants seeking modern city living, helping to support occupancy levels and rental performance.
Hands-Off Investment Opportunity
A ready-made investment property with an existing tenant in situ, ideal for landlords seeking an income-producing asset.
A spacious and well-positioned city centre apartment offering immediate rental income, strong tenant appeal and an attractive investment opportunity within 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.
Queen Street, Sheffield, S1
Additional Information
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Property refSCI260197
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EPCC
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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£180
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Ground Rent ReviewContact the branch
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Service Charge£2,131
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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 £162,000 and repaying over 25 years with a 2.5% interest rate.
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