Summary -
Apartment G34 Nurtur House,70 Allen Street,SHEFFIELD,S3 7TA
S3 7TA
1 bed 1 bath Flat
Studio flat with tenant in situ delivering immediate rental income and strong gross yield..
Current gross income £6,540 per year (approximately £545 pcm)
A compact one-bedroom studio in a modern, purpose-built block on Allen Street, offered with a long-term tenant in situ — ideal for an investor seeking immediate income. The property currently produces an annual gross income of £6,540 (about £545 pcm) against a guide price of £60,000, delivering a strong gross yield profile for this central S3 location. The block occupies a prominent corner position close to transport links, shops and student amenities, supporting reliable lettability to students or city-centre professionals.
The flat comprises an open lounge/bedroom, integrated kitchen and a three-piece bathroom. It appears well kept from the available description and benefits from city-centre convenience and excellent mobile signal. The sitting tenancy has run for several years with consistent payments; tenants state they do not intend to vacate, which provides continuity of income but limits vacant-possession purchase options.
Important considerations: the property is leasehold (details not provided), in a high-crime postcode area, and the listing notes a Buyers Premium payable on purchase. There are no internal photos or floorplans supplied and service charges, ground rent and the lease length are not disclosed — these factors materially affect net returns and should be checked. On-site inspection, sight of the Let Property Pack, tenancy documentation and confirmation of service charges and lease terms are recommended before committing.
Overall, this is a straightforward buy-to-let opportunity aimed at investors seeking immediate cash flow from a central Sheffield studio. It offers attractive headline yields but carries typical inner-city trade-offs (limited private amenity space, unknown running costs and local crime levels). If you prioritise steady rental income over owner-occupation, this flat merits further due diligence.
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