Summary - Apartment 5, 22 Moorgate Street S60 2DA
3 bed 3 bath Flat
Three refurbished one-bed flats producing strong rental income and off-street parking.
- Freehold period property converted into three one-bed apartments
- Combined current annual rent £28,500; gross yield about 9.5%
- Recently refurbished to a high specification throughout
- Located in town centre, close to transport, bars and cinema
- Off-street parking available — useful tenant amenity
- No garden; town‑street frontage and busy surroundings
- Very high local crime and very deprived area — higher risk
- Electric/boiler heating and average broadband speeds; check running costs
This period freehold in Rotherham town centre has been converted into three self-contained one-bedroom apartments and is offered as a ready-made income asset. Recent refurbishment delivers modern finishes across the units; the freehold ownership removes leasehold complexity and the property currently produces a combined annual rent of £28,500 (gross). The advertised guide price implies a headline gross yield around 9.5%.
The building sits close to the professional quarter, transport links, bars, restaurants and the Arc cinema, making it straightforward to let to professionals and young renters. Off-street parking is available — a notable plus for town-centre stock. All apartments are tenanted, so the purchase is likely to suit a buyer seeking immediate rental return rather than an owner-occupier.
Buyers should weigh clear risks alongside the income. The property is in a very deprived area with a very high recorded crime level, which can affect demand, void periods and insurance costs. Heating is electric/boiler with unspecified tariff and broadband speeds are average; both are service-cost considerations for tenants and owners. There is no garden and the property fronts a busy high street, so it offers town-centre living rather than residential tranquillity.
Overall, this is a practical investment play: recently refurbished, freehold, multiple lets and good headline yield. It suits investors comfortable operating in higher-deprivation, higher-crime urban markets, or those prepared to actively manage tenant retention, security and service contracts to protect rental income and capital value.
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