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Apartment. 1010, Sovereign House, 110 Queen Street, Sheffield, South Yorkshire S1 2FR

PROPERTY TYPE

Apartment

BEDROOMS

1

BATHROOMS

1

SIZE

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Describes how you own a property. There are different types of tenure - freehold, leasehold, and commonhold.Read more about tenure in our glossary page.

Description

Auction Commencing on Monday 11th May at 1pm and ending 24 hours later on Tuesday 12th May from 1pm with Auction House South Yorkshire

Please register to bid via our website - auctionhouse.co.uk/southyorkshire

Modern city-centre studio apartment in Sovereign House, Sheffield (S1), currently let at £6,768 per annum, offering a high-yielding investment opportunity with a guide price of £5,000–£10,000 for the 5th May auction.

Guide Price: £5,000 – £10,000
Auction Date: 5th May

An excellent investment opportunity to acquire a well-presented, tenanted studio apartment situated within the popular Sovereign House development in Sheffield city centre.

Located on an upper floor, the property offers modern, self-contained accommodation comprising an open-plan living/sleeping area with fitted kitchenette, a private shower room, and built-in storage. The apartment benefits from good natural light and is finished to a contemporary standard throughout.

Sovereign House is a purpose-built student and young professional development, offering a range of on-site amenities including a residents’ gym, communal lounge areas, and secure entry systems, making it an attractive option for tenants.

The property is currently let at £564 per calendar month (£6,768 per annum), providing an immediate income stream for investors. With strong rental demand in this central location, the property presents a high-yielding addition to any portfolio.

Key Features:

City centre location (S1 postcode)
Tenanted investment producing £6,768 per annum
Modern studio apartment
On-site gym and communal facilities
Secure building with managed environment
Excellent transport links and amenities nearby
EPC Rating: C

Tenure: Leasehold (details to be confirmed)

A rare opportunity to acquire a low-entry, income-generating asset in a prime Sheffield location. Ideal for both seasoned investors and those looking to expand their portfolio.

Tenure: Leasehold

EPC Rating: C

Administration Fee: £3600 inc VAT payable on exchange of contracts.

Disbursements: Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.

COUNCIL TAXA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council Tax in our glossary page.
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PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
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GARDENA property has access to an outdoor space, which could be private or shared.
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ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
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Apartment. 1010, Sovereign House, 110 Queen Street, Sheffield, South Yorkshire S1 2FR

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About Auction House, South Yorkshire

Blades Enterprise Centre, John Street, Sheffield, S2 4QX

Why Use Auction House South Yorkshire?

· Market position Auction House are firmly established as the UKs no.1 property auctioneers based on lots sold, last year our total exceeded 3,700 and nationally we sell over 75% of lot entered to our room auctions. We are market leaders across Yorkshire and hold regular auctions in Leeds, Sheffield and Beverley. We also operate Online Auctions with sales every Thursday (except over Christmas and the New Year.

Affordability

Monthly repayments£26
Property: £ 5,000
Deposit: £ 500
Interest rate: 5.33%
Term: 30 years
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Disclaimer - Property reference 202604132014sq_d9hr. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Auction House, South Yorkshire. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call Auction House, South Yorkshire on 0114 697 5583.

*Guide Price: An indication of a seller's minimum expectation at auction and given as a “Guide Price” or a range of “Guide Prices”. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.

Reserve Price: Each auction property will be subject to a “Reserve Price” below which the property cannot be sold at auction. Normally the “Reserve Price” will be set within the range of “Guide Prices” or no more than 10% above a single “Guide Price.”

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