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Bailey Street, Sheffield, S1

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.

Key features

  • READY TO BID & SECURE TODAY
  • NO CHAIN – VACANT POSSESSION
  • ONE BEDROOM APARTMENT
  • OPEN PLAN LIVING & KITCHEN AREA
  • ACCESS TO COMMUNAL PATIO SPACE
  • POTENTIAL RENTAL INCOME OF £700–£725 PCM
  • IDEAL ADDITION TO A BUY-TO-LET PORTFOLIO
  • CASH BUYERS ONLY – EWS1 CERTIFICATE AWAITED

Description

Ready to Bid & Secure Today!
No Chain | Vacant Possession | Excellent Investment Opportunity

An exciting opportunity to acquire this well-presented one-bedroom apartment situated within the popular Mandale House development. Offered with no onward chain and vacant possession, this property is ready for its next owner to secure immediately.

Whether you are an experienced investor looking to expand your portfolio or a cash buyer seeking a competitively priced city apartment, this property offers excellent potential and immediate availability.

Property Features

One-bedroom apartment
Well-presented throughout
Open-plan living and kitchen area
Modern bathroom suite in white
Access to a communal patio area
Vacant possession
No onward chain
Potential rental income of approximately £700–£725 per calendar month
Ideal buy-to-let investment

Accommodation

The apartment offers a bright and practical layout comprising an open-plan living and kitchen space. The double bedroom provides comfortable accommodation, while the bathroom is fitted with a contemporary white suite.

Residents also benefit from access to a communal patio area, providing useful outdoor space within the development.

Why Buy This Property?
Strong Investment Potential

With an anticipated rental income of approximately £700–£725 per calendar month, this apartment presents an attractive opportunity for landlords seeking a straightforward addition to their portfolio.

Vacant & Ready to Go

No need to wait for tenants to vacate or for lengthy chains to complete. The property is offered with vacant possession, allowing for a quicker transaction and immediate plans for occupation or letting.

Affordable Entry Point

A fantastic opportunity to acquire a city apartment at an attractive price point, making it suitable for both seasoned investors and those looking to enter the property market.

Low-Maintenance Living

The practical layout and manageable size make this an appealing property for tenants seeking modern apartment living close to city amenities.

Important Information

EWS1 certification is currently awaited. As a result, we understand that mortgage lending may be restricted at present, and prospective purchasers should make their own enquiries with lenders and advisers. Consequently, the property is likely to be most suitable for cash buyers.

Location

Mandale House enjoys a convenient Sheffield location with excellent access to the city centre and surrounding amenities. Sheffield is renowned for its vibrant mix of culture, employment opportunities, universities, shopping facilities, restaurants and leisure attractions.

The property is well placed for:

Sheffield City Centre
Excellent public transport links
Local supermarkets and convenience stores
Popular bars, cafes and restaurants
The University of Sheffield and Sheffield Hallam University
The railway station and major road networks

Sheffield continues to attract strong rental demand from professionals, students and those working within the city, helping to support long-term investment prospects.

Viewing Recommended

Properties offering vacant possession, strong rental potential and attractive pricing are always popular. Early interest is encouraged to avoid disappointment.

Ready to bid and secure now, don't miss this opportunity to grab a bargain today.

**** AUCTION TERMS ****

This property is for sale by the Modern Method of Auction, meaning the buyer and seller are to Complete within 77 days (the "Reservation Period"). Interested parties personal data will be shared with the Auctioneer (iamsold).
If considering buying with a mortgage, inspect and consider the property carefully with your lender before bidding.
A Buyer Information Pack is provided. The winning bidder will pay £349.00 including VAT for this pack which you must view before bidding.
The buyer signs a Reservation Agreement and makes payment of a non-refundable Reservation Fee of 4.5% of the purchase price including VAT, subject to a minimum of £6,600.00 including VAT. This is paid to reserve the property to the buyer during the Reservation Period and is paid in addition to the purchase price. This is considered within calculations for Stamp Duty Land Tax.
Services may be recommended by the Agent or Auctioneer in which they will receive payment from the service provider if the service is taken. Any payment that will be received by the Agent or Auctioneer will be confirmed to you in writing before services are taken. Services are optional.


IMPORTANT NOTE TO POTENTIAL PURCHASERS & TENANTS: 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 traveling some distance to view. POTENTIAL PURCHASERS: Fixtures and fittings other than those mentioned are to be agreed with the seller. POTENTIAL TENANTS: All properties are available for a minimum length of time, with the exception of short term accommodation. Please contact the branch for details. A security deposit of at least one month’s rent is required. Rent is to be paid one month in advance. It is the tenant’s responsibility to insure any personal possessions. Payment of all utilities including water rates or metered supply and Council Tax is the responsibility of the tenant in most cases.

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Brochures

Web Details
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.
Band: A
PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
No parking
GARDENA property has access to an outdoor space, which could be private or shared.
Yes
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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Bailey Street, Sheffield, S1

Approximate location

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Affordability

Monthly repayments£276
Property: £ 55,000
Deposit: £ 5,500
Interest rate: 5.33%
Term: 30 years
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These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.
Renovation potential
Recently sold & under offer
See similar nearby properties

About Reeds Rains, Sheffield City Living

B2 Spaces, Pennine Five, 1 Tenter Street, Sheffield, S1 4BY
Industry affiliations:Industry affiliation logo 0Industry affiliation logo 1Industry affiliation logo 2

The busy city centre branch of Reeds Rains, Sheffield is managed by Branch Manager Lisa Sharp. Collectively the team have an impressive 45 years experience in the housing market. Managing property postcodes; S1, S2 4, S2 5, S3 7, S3 8, S6 3, S9, S10 1, S10 2 and S11 8.

Dubbed one of the greenest cities in the county, Sheffield is a friendly and happy place to reside. There is a great atmosphere in and around the city and always plenty going on. In terms of socialising, there is a varied and diverse mix of restaurants and bars, with many repurposed mill and industrial style restaurants having sprung up in recent years.

Sheffield is fast becoming the go to city for the best variety of breweries and real ale. The Sheffield Tap accessed via platform 1B of Sheffield station, houses an impressive 23 cask and keg taps and a list of over 200 bottles or why not try recently opened The Bar Stewards pop up style micropub and bottle shop on Gibraltar Street.

In terms of shopping, the city has a wealth of independent boutiques, as well as popular high street stores and of course the famous Meadow Hall. The popular shopping centre is currently undergoing expansion and once complete Meadow Hall will be the fourth largest shopping centre in the United Kingdom.

Escape the hustle and bustle of the city centre with a trip to Winter Gardens or Peace Gardens. Walkers can enjoy the scenery and public green space the area has to offer. Both gardens are incredibly well maintained and are popular with locals and tourists alike.

The Reeds Rains Sheffield team are buy to let and investment specialists. They offer a full and complete service which includes an on-site mortgage advisor. If you are a landlord wanting advice or are ready to purchase a buy to let property and need a management company, then this experienced branch can cater for all of your requirements.

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Disclaimer - Property reference SCI260190. 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 Reeds Rains, Sheffield City Living. 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 Reeds Rains, Sheffield City Living on 0114 697 3242.

*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.”

*This is the average speed from the provider with the fastest broadband package available at this postcode. The average speed displayed is based on the download speeds of at least 50% of customers at peak time (8pm to 10pm). Fibre/cable services at the postcode are subject to availability and may differ between properties within a postcode. Speeds can be affected by a range of technical and environmental factors. The speed at the property may be lower than that listed above. You can check the estimated speed and confirm availability to a property prior to purchasing on the broadband provider's website. Providers may increase charges. The information is provided and maintained by Decision Technologies Limited.
**This is indicative only and based on a 2-person household with multiple devices and simultaneous usage. Broadband performance is affected by multiple factors including number of occupants and devices, simultaneous usage, router range etc. For more information speak to your broadband provider.