Summary - Apartment 208 Pearl Works, 2, Howard Lane S1 2FT
1 bed 1 bath Apartment
High-yield student let ideal for investors seeking immediate income.
City-centre studio, walking distance to university and train station
A compact studio apartment offered to the market via a national online auction, currently let and positioned in Sheffield city centre close to the university, train station and hospital. The building offers practical communal amenities including a pay-as-you-go laundry and a ground-floor mini supermarket, and the apartment includes a kitchenette, built-in storage, a fitted desk and an en suite shower room. The property is on a leasehold title with community heating and an EPC rating of C.
This lot will appeal most to investors seeking an immediate income stream from a city-centre student rental. The listing shows a current passing rent advertised at £607 pcm (£7,284pa) and also marketed at £650 pcm (£7,800pa); using the lower advertised annual rent against the guide price of £40,000 produces a very high gross yield indicative of strong rental demand in this location. The multicultural, cosmopolitan student neighbourhood supports lettings but also brings higher local crime levels, which may affect future tenant profiles and management requirements.
Buyers should note material sale conditions: the property will be sold at auction, an administration fee of £3,600 (inc. VAT) is payable on exchange, and purchasers must consult the legal pack for any additional disbursements. The studio is compact with limited living space and a small kitchenette — suitable for single-occupier student or professional lets but not for purchasers seeking larger accommodation. The building’s community heating and enclosed mid-terrace form are practical but check service arrangements and lease terms before bidding.
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