Summary - ANCHOR POINT, 54 APARTMENT 43 CHERRY STREET SHEFFIELD S2 4ST
2 bed 1 bath Apartment
Affordable city apartment with parking and buy-to-let potential.
- Two-bedroom, second-floor apartment with balcony and ensuite
- Approximately 743 sq ft; practical layout for rental or small families
- Allocated underground parking space included
- EPC rating C; double glazing fitted post-2002
- Electric heating via room heaters (no gas central heating)
- Leasehold ~250 years; ground rent £100 per period
- Service charge £700.46 (quarter); water charge £185.22 noted
- Sold at auction; buyer fee (contract documentation) and possible seller fees apply
- Located in a student-focused area with higher crime and area deprivation
- Fast broadband and excellent mobile signal
Located just outside Sheffield city centre, this two-bedroom second-floor apartment offers straightforward, low-maintenance urban living with an allocated underground parking space and private balcony. The layout includes a generous lounge, fitted kitchen, master bedroom with ensuite, second bedroom and main bathroom across about 743 sq ft — a practical size for lettings or first-home ownership.
The property is offered via auction with a reduced guide price of £90,000 and a long lease (circa 250 years). It presents clear buy-to-let potential: local demand from students and city workers and estimated rental income of around £800–£850 PCM. Fast broadband and excellent mobile signal support modern tenants and remote working.
Buyers should note material considerations: heating is electric with room heaters rather than gas central heating, service charge and water charge apply (current service charge £700.46; water charge £185.22 for the quarter), and ground rent is £100. The building has double glazing, lift access and communal grounds, but the neighbourhood is classified as a cosmopolitan student area with higher crime levels and wider area deprivation, which will affect tenant profile and resale perception.
This is best suited to investors seeking an affordable, ready-to-let city apartment or first-time buyers wanting a compact, well-connected base with underground parking. The auction route brings potential for value but also additional purchase costs — buyers must check the legal pack and allow for the auction contract fee and any seller charges.
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