Summary - Apartment 21, A G 1, 1 Furnival Street S1 4QS
1 bed 1 bath Apartment
Compact one-bedroom in AG1 — ready for letting or immediate move-in..
Prime city-centre location near universities and train station
Potential rental income c. £800 pcm — investor-friendly
Small footprint: approximately 329 sq ft (compact living)
Long lease (~179 years) supports mortgageability
Service charge c. £2,000pa — impacts net returns
Ground rent £150pa; leasehold tenure
Electric room heaters — potentially higher energy costs
Area classified as high-crime, busy student neighbourhood
Located on the second floor of the sought-after AG1 development on Furnival Street, this one-bedroom apartment offers a compact, contemporary city-centre home or a ready-made rental. The open-plan living space benefits from large windows and a small balcony, creating a bright feel despite the modest overall size (approximately 329 sq ft). Lift access to all floors adds practical convenience for residents and tenants.
The property is particularly strong for investors: close walking distance to Sheffield Train Station and both universities, with an indicative rental income of around £800 pcm. The long lease (circa 179 years) supports purchase confidence, and the modern build (completed 2007–2011) means double glazing and low external maintenance. The apartment is being sold vacant or with a tenant in situ, offering flexibility for immediate occupation or continued rental.
Buyers should balance positives with clear cost considerations. Service charges average around £2,000 per year and ground rent is £150, which will affect net returns for landlords and annual running costs for owner-occupiers. Heating is electric (room heaters), which may be less efficient and could lead to higher energy bills compared with gas-heated homes. The property sits in a busy, multicultural student neighbourhood with very high local crime statistics, which is common for central locations but relevant for long-term residents and insurance/letting decisions.
Overall, this compact apartment suits investors seeking consistent city-centre demand or a first city-base for a professional or student. Its location and condition reduce immediate refurbishment needs, but the service charge level and electric heating should be considered when calculating yields and living costs.
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