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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£68,000
1 bedroom Flat for sale, Sylvester Street, Sheffield, S1
Features and Description
- FOR SALE BY THE MODERN METHOD OF AUCTION
- CURRENTLY TENANTED ON A ROLLING BASIS – £725 PCM
- LONG-STANDING TENANT PROVIDING STABLE INCOME
- HEART OF SHEFFIELD CITY CENTRE
- DOUBLE BEDROOM WITH AMPLE LIGHT
- OPEN-PLAN LIVING KITCHEN
- FIRST-FLOOR APARTMENT
- RESERVATION FEES WILL APPLY
An attractive one-bedroom apartment located on the first floor of the distinctive Elliot House development, offering modern city living combined with an excellent investment opportunity. The property features a well-designed layout with a comfortable bedroom, contemporary bathroom, and a bright open-plan living kitchen, creating a practical and inviting space suited to both tenants and owner-occupiers.
Further internal photographs will be made available once access can be arranged, allowing prospective buyers to fully appreciate the accommodation on offer.
Investment Details
The apartment is currently tenanted at £725 per calendar month until May 2026, after which the tenancy will continue on a rolling basis. This provides immediate, secure rental income with long-term flexibility for investors. With strong demand for well-located apartments, the property represents a solid addition to any portfolio.
Key Features
First-floor position within a striking modern development
Open-plan living kitchen ideal for contemporary lifestyles
Well-proportioned bedroom accommodation
Modern bathroom with stylish fittings
Currently achieving £725 pcm rental income
Tenancy secured until May 2026 then rolling
Further internal photos to follow once access is available
Location
Elliot House is ideally positioned within close reach of the heart of Sheffield, placing residents within easy walking distance of shops, supermarkets, cafés, restaurants, and entertainment venues. The area is well served by excellent transport links, making commuting simple while still allowing residents to enjoy everything the city centre lifestyle has to offer. Nearby green spaces, cultural attractions, and educational institutions further enhance the appeal of this well-connected location.
Summary
Apartment 7 offers a modern, income-producing city apartment with a strong rental return already in place. Whether you are an investor seeking immediate yield or a buyer planning for future occupancy, this property presents a compelling opportunity in a popular and convenient setting.
**** AUCTION TERMS ****
This property is for sale by Modern Method of Auction allowing the buyer and seller to complete within a 77 Day Reservation Period. Interested parties’ personal data will be shared with the Auctioneer (iamsold Ltd).
If considering a mortgage, inspect and consider the property carefully with your lender before bidding. A Buyer Information Pack is provided, which you must view before bidding. The buyer is responsible for the Pack fee. For the most recent information on the Buyer Information Pack fee, please contact the iamsold team.
The buyer signs a Reservation Agreement and makes payment of a Non-Refundable Reservation Fee of 4.5% of the purchase price inc VAT, subject to a minimum of £6,600 inc. VAT. This Fee is paid to reserve the property to the buyer during the Reservation Period and is paid in addition to the purchase price. The Fee is considered within calculations for stamp duty.
Services may be recommended by the Agent/Auctioneer in which they will receive payment from the service provider if the service is taken. Payment varies but will be no more than £960 inc. VAT. These services are optional.
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.
Sylvester Street, Sheffield, S1
Additional Information
-
Property refSCI260044
-
EPCC
-
TenureLeasehold
-
Lease length138 years
-
Council TaxA
-
Local authoritySheffield City Council
-
Ground RentContact the branch
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Ground Rent ReviewContact the branch
-
Service ChargeContact the branch
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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 £61,200 and repaying over 25 years with a 2.5% interest rate.
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