Summary - 3, SMITHFIELD APARTMENTS, 131, ROCKINGHAM STREET S1 4EY
1 bed 1 bath Apartment
Modern second-floor flat with parking — strong rental demand but higher service charges.
Allocated undercroft parking and lift access
A compact one-bedroom apartment on the second floor of a modern development in Sheffield city centre, offered with allocated undercroft parking and lift access. The building’s large windows and recent construction (2003–2006) give bright rooms and straightforward maintenance for an urban rental or first home. Fast broadband and excellent mobile signal support student or professional tenants.
This unit is particularly suited to buy-to-let investors or first-time buyers seeking a central, low-council-tax base. The surrounding area is a cosmopolitan, multicultural student neighbourhood with plentiful shops, restaurants and public transport — strong rental demand but a transient tenant mix.
Buyers should note material costs: the service charge is approximately £2,323 per year and ground rent £150, which affect net rental yield. Heating is by electric room heaters (no gas), so running costs may be higher than a gas-heated property. Crime levels in the immediate area are reported very high and the wider area is classed as deprived — factors that influence tenant profiles and insurance costs.
Overall this is a practical city-centre flat with long lease (131 years remaining) and parking — a straightforward proposition for landlords targeting students or commuters or for buyers wanting a low-maintenance central home, provided they accept higher service charges, electric heating and local safety considerations.
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