Summary - Gibson Works Gibson Works, Mary Street, Sheffield, S1 4RQ S1 4RQ
1 bed 1 bath Flat
Compact city-centre pad with clear investment potential and no chain.
Top-floor one-bedroom in converted red-brick building
Compact 359 sq ft — best for single occupant or couple
Potential gross yield circa 7% — advertised for investors
Leasehold with average service charge £1,342 pa
Small ground rent £50 pa
Electric room heaters — higher running costs than gas central
Situated in student-dominant area with very high local crime
Offered chain free with Energy Rating C
A compact top-floor apartment in a converted red-brick industrial building, offered chain free and presented with a modern kitchen and bathroom. The open-plan living area benefits from large multi-pane windows and skylights that bring good natural light into the compact 359 sq ft layout. The property sits in a city-centre, student-oriented neighbourhood and is advertised with an approximate 7% gross yield, making it appealing to buy-to-let investors seeking central stock.
Practical costs and constraints are clear: the flat is leasehold with an average annual service charge of £1,342 and a small ground rent of £50. Heating is electric via room heaters rather than gas central heating, which can affect running costs and tenant appeal in colder months. The apartment’s small overall size means it suits single occupancy or couples, rather than families.
Location is a strength for rental demand — close to shops, bars, transport links and student facilities — but the wider area shows very high crime levels and a predominantly student/communal living classification, which can mean higher turnover and occasional noise. The building’s converted industrial character gives exposed brick and high ceilings externally, but interiors are compact and efficient rather than spacious luxury.
For an investor, this is a straightforward, city-centre let with no onward chain and an Energy Rating C. For a first-time buyer, consider the leasehold costs, small footprint and electric heating when weighing ongoing expenses versus central location convenience.
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