Summary - Apartment 201, Metis, 1 Scotland Street S3 7AQ
2 bed 1 bath Apartment
Turnkey investment with parking and balcony in a busy student-friendly location.
Tenanted at £900 pcm — immediate income stream
This two-bedroom city apartment on Scotland Street is a straightforward, income-producing purchase for investors seeking immediate returns. Currently tenanted at £900 pcm, it delivers a strong gross yield of around 8.4% at the asking price of £128,000 and sits in a highly accessible central location with lift access and secure entry.
The flat is arranged as an open-plan living, dining and kitchen area with a private balcony, two well-proportioned bedrooms and one bathroom. The building includes an allocated off-street parking space — a valuable amenity for a city-centre apartment — and benefits from modern construction (circa 2003–2006) with double glazing and an EPC rating of C.
Practical costs and conditions to note: the property is leasehold (circa 231 years remaining), with an average service charge of £2,064pa and a ground rent of £150pa. Heating is by electric room heaters rather than a communal system, which may affect running costs. The immediate area is a cosmopolitan, student-oriented neighbourhood with strong rental demand but higher local crime levels compared with suburban areas.
For buyers seeking a buy-to-let in Sheffield city centre, this apartment is low-maintenance and cashflow positive from day one. Owners should factor in service charges, potential management for a tenant-occupied asset, and the typical considerations of renting in a busy student neighbourhood when assessing long-term upside.
2 bedroom flat for sale in Scotland Street, Sheffield, South Yorkshire, S3 — £160,000 • 2 bed • 2 bath • 679 ft²
1 bedroom apartment for sale in Scotland Street, Sheffield, S3 — £90,000 • 1 bed • 1 bath • 506 ft²
2 bedroom apartment for sale in Millsands, Sheffield, S3 — £125,000 • 2 bed • 2 bath • 700 ft²
2 bedroom flat for sale in Scotland Street, Sheffield, S3 — £128,000 • 2 bed • 2 bath • 632 ft²
2 bedroom apartment for sale in Metis, 1 Scotland Street, City Centre, Sheffield, S3 — £115,000 • 2 bed • 1 bath • 752 ft²
2 bedroom apartment for sale in Millsands, Sheffield, S3 — £150,000 • 2 bed • 1 bath • 737 ft²
