Summary -
Flat 14,Cardigan House Block E,1 Adelaide Lane,SHEFFIELD,S3 8BR
S3 8BR
1 bed 1 bath Flat
Income-producing flat with immediate rental returns and refurbishment potential.
- Currently let producing £8,400 gross annually (tenant in situ)
- Approximate gross yield c.9% at asking price
- Small 1-bed flat, approximately 431 sqft
- Shared private off-street parking available
- Leasehold tenure; buyers should check lease details
- Located in very deprived area with very high crime
- Dated interior; cosmetic refurbishment recommended
- Buyers Premium applies on sale
A compact one-bedroom flat in Cardigan House, set within a contemporary block close to central Sheffield amenities. The property is currently let to a long-term tenant and produces an annual gross income of £8,400, offering an approximate gross yield of around 9% at the listed price. Shared private off-street parking adds practical value for tenants in this inner-city location.
The flat is small (around 431 sqft) and shows signs of age in the living area and finishes; modest refurbishment would increase rental appeal and capital value. The building appears well-maintained externally, with balconies and secure parking, but the flat itself suits buyers comfortable managing a compact, value-driven rental asset.
Important sale details: the property is leasehold, located in a very deprived area with very high local crime rates and a multicultural, student-heavy neighbourhood—factors that influence tenant demand and management considerations. A Buyers Premium applies on sale. For investors seeking an immediate income-producing addition, this is a clear buy-to-let opportunity with scope to improve returns through upgrading the accommodation.
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