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Bank Street, Sheffield, S1

PROPERTY TYPE

Apartment

BEDROOMS

2

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

  • URRENTLY LET AT £975 PCM (£11,700 PER ANNUM)
  • ATTRACTIVE 6.88% GROSS YIELD AT £170,000
  • SPACIOUS 720 SQ FT FIRST FLOOR APARTMENT
  • TWO-BEDROOM LAYOUT WITH STRONG TENANT APPEAL
  • READY-MADE INVESTMENT WITH TENANT IN SITU
  • PRIME SHEFFIELD CITY CENTRE LOCATION
  • IDEAL ADDITION TO ANY BUY-TO-LET PORTFOLIO

Description

Two-Bedroom Apartment

First Floor | Approx. 720 sq ft | Currently Let at £975 PCM

Investment Overview

An excellent opportunity to acquire a spacious two-bedroom apartment situated on the first floor of the highly regarded Liberty House development in Sheffield City Centre.

Extending to approximately 720 sq ft, the property offers generous accommodation with broad appeal to professional tenants, couples and sharers. The apartment is currently tenanted and generating £975 per calendar month, providing immediate rental income from completion.

Located in the heart of Sheffield City Centre, Liberty House remains a popular residential development due to its excellent access to employment hubs, universities, transport links, shopping facilities and vibrant leisure amenities.

Why Buy This Apartment?
Immediate Rental Income

The property is currently producing £975 PCM, equating to an annual rental income of £11,700.

Attractive Investment Return

Based on an asking price of £170,000, the property delivers a gross yield of approximately 6.88%, making it an attractive addition to any investment portfolio.

Spacious Accommodation

At approximately 720 sq ft, the apartment offers larger-than-average living space compared to many city centre properties.

Popular Two-Bedroom Layout

Two-bedroom apartments continue to attract strong tenant demand from professional sharers, couples and city centre workers, supporting long-term occupancy levels.

Prime Sheffield City Centre Location

Residents enjoy easy access to shops, restaurants, bars, universities, major employers and Sheffield's extensive transport network.

Established Tenant in Situ

A ready-made investment opportunity with rental income from day one.

Long-Term Growth Potential

Sheffield's ongoing regeneration and strong rental market continue to underpin demand for quality city centre accommodation.

Location

Liberty House occupies a prominent city centre position on Bank Street, placing residents within walking distance of Sheffield Cathedral, Fargate, Leopold Square, the city's retail and business districts, and Sheffield Railway Station. The development remains highly desirable for both tenants and owner-occupiers seeking convenient urban living.

A spacious city centre apartment offering immediate rental income, excellent tenant appeal and an attractive investment opportunity in one of Sheffield's most established residential developments.


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: B
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.
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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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Bank Street, Sheffield, S1

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Affordability

Monthly repayments£853
Property: £ 170,000
Deposit: £ 17,000
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.
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About Reeds Rains, Sheffield City Living

B2 Spaces, Pennine Five, 1 Tenter Street, Sheffield, S1 4BY
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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 SCI260200. 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.

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