Furnival Street, Sheffield, South Yorkshire, S1

A CITY-CENTRE INVESTMENT WITH PROVEN RENTAL INCOME

One Bedroom Apartment | Fourth Floor | EWS1 Compliant |

Offered via Secure Sale Method, subject to buyer fees and seller's reserve

Positioned in the heart of Sheffield city centre, this well-presented one-bedroom apartment at Fulcrum presents an attractive opportunity for investors looking for an established rental property with an impressive level of income.

The apartment is already producing £750 per calendar month, providing an annual rental income of £9,000. Importantly, this is not an investment based on projected rental figures. The property is already let and has been consistently rented since 2023, with professional management provided by Reeds Rains throughout that period.

At the £76,500 starting bid, the current rent represents a gross rental yield of approximately 11.76%, before taking account of buyer fees, purchase costs, service charges, management fees, finance and other associated costs.

For an investor seeking an established city-centre rental rather than a property waiting to be let, Fulcrum offers a particularly interesting proposition.

A PROVEN RENTAL INVESTMENT

The apartment is currently occupied at £750 pcm, giving the successful purchaser an established rental income from the outset.

Having been consistently let and professionally managed by Reeds Rains since 2023, the property benefits from a proven rental history rather than relying solely on estimated market rents. This provides an additional layer of reassurance for investors looking for a straightforward city-centre buy-to-let opportunity.

The apartment's EWS1 compliance is another significant advantage, particularly for purchasers considering mortgage finance, providing important reassurance around lending and the wider building safety considerations that can affect city-centre apartment investments.

CITY-CENTRE LIVING AT FULCRUM

Fulcrum is ideally positioned for access to everything Sheffield city centre has to offer, making it an appealing location for tenants seeking convenient urban living.

From the fourth-floor position, the apartment benefits from an elevated outlook across the city, while its central location places shops, restaurants, bars, leisure facilities, transport links and Sheffield's major employment and education hubs within easy reach.

For landlords, this central location and established rental history combine to create a property with strong appeal to the city's rental market.

THE INVESTMENT AT A GLANCE

Current Rent: £750 pcm
Annual Rental Income: £9,000
Indicative Gross Yield: 11.76% based on the Tenure: Leasehold
Floor: Fourth Floor
Property: One Bedroom Apartment
EWS1: Compliant
Management: Professionally managed by Reeds Rains since 2023

SECURE SALE METHOD

The property is being offered through our Secure Sale Method, providing a structured route to purchase and greater commitment from the successful buyer.

For purchasers who are looking for an investment opportunity in Sheffield city centre, this is one that warrants closer attention.

**AUCTION TERMS**
This property is for sale by the Modern Method of Auction, meaning the buyer and seller are to Complete within 56 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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