Summary - COODE, 7 FLAT 48 MILLSANDS SHEFFIELD S3 8NR
2 bed 2 bath Apartment
Strong rental income opportunity close to universities and transport links.
Modern two-bedroom apartment with private balcony and en-suite
Currently tenanted at £700 pcm — immediate rental income
Approximate gross yield ~6.7% at asking price £125,000
105 years remaining on lease (leasehold) — paperwork pending
Electric room heaters; no gas central heating — higher running costs
Double glazing installed post-2002; built 2003–2006
Local area: very high crime rate; cosmopolitan student neighbourhood
A modern two-bedroom apartment in S3, offering practical city-centre living with a private balcony and en-suite to the master bedroom. The open-plan living/kitchen area delivers flexible space for tenants or owners, and double glazing helps retain warmth. Constructed in the early 2000s, the block presents typical urban apartment accommodation close to universities, transport links and local amenities.
The flat is currently tenanted at £700 pcm, providing immediate rental income and a gross yield of about 6.7% at the asking price of £125,000 — an attractive figure for buy-to-let investors. The 105-year lease remaining is healthy for leasehold ownership, but additional leasehold administration or pack fees may apply at sale.
Buyers should note the property uses electric room heaters rather than a gas central system, which can mean higher running costs. The local area records a very high crime level and is classified as a cosmopolitan student neighbourhood — good for rental demand but potentially less suitable for buyers seeking a quiet residential setting. Service charges and exact lease details are being compiled and should be reviewed before purchase.
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