Summary - APARTMENT 1015, SOVEREIGN HOUSE, 110 QUEEN STREET, SHEFFIELD S1 2FR
1 bed 1 bath Apartment
Generating £598 pcm rental income
A compact, newly renovated studio apartment on Queen Street offering immediate rental income and city-centre convenience. Apartment 1015 is an upper-floor studio with an open-plan kitchenette, en-suite shower room and three large windows that give good daylight and city views. The flat is currently let at £598 pcm with a 12-month tenancy starting January 2025, producing a stated 28.70% gross yield based on the asking price.
This unit suits an investor seeking an entry-level, cash-generating asset in a multicultural, student-dense neighbourhood. The long lease (239 years remaining), recent upgrades and double glazing reduce medium-term maintenance risk. Council tax is very cheap and there is no flood risk.
Buyers should note a few material drawbacks: the footprint is very small and best for a single occupant or student market rather than a long-term family let. Heating is by electric room heaters (no central gas), which can be costly for tenants and may affect appeal. Images and notes also mention localized damp issues and wear marks to ceilings, plus a potential fire-hazard concern flagged with the kitchenette/wood flooring—these should be investigated and remedied as required.
Overall, the apartment offers an affordable, low-entry investment with immediate rental income, but purchasers must budget for precautionary checks and possible minor remedial works to maximise yield and tenant retention.
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