Compact urban retreat with strong rental potential and long lease.
Newly renovated one-bedroom flat with open-plan living
This newly renovated one-bedroom flat in City Wharf offers a compact, modern home in Sheffield city centre. The open-plan living/kitchen maximises natural light and works well for single buyers or couples. The property is vacant with no onward chain and comes with a garage and a long lease (177 years). Potential rental income of around £750 pcm is quoted, representing an attractive yield for investors.
Be realistic about the setting: the apartment sits within an inner-city, multicultural neighbourhood with very high local crime levels and significant area deprivation. Flooding risk is rated medium; buyers should check insurance and local flood mitigation details. The flat is leasehold with a modest ground rent of £75 and an EPC rating of C.
The layout is efficient: entrance hall with a large storage cupboard, double bedroom, family bathroom and an open-plan living/dining/kitchen area with integrated oven and hob. Recently redecorated throughout, it requires little immediate cosmetic work, but buyers seeking larger living spaces or quieter suburbs may find the size limited.
Overall this is a practical, low-maintenance option for a first-time buyer wanting central access or an investor looking for city-centre rental income. Check local crime statistics, flood cover costs and service/management arrangements before offer.
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