Summary - Sovereign House Sovereign House, 110 Queen Street, City Centre, Sheffield, S1 S1 2DW
1 bed 1 bath Studio
Seventh-floor studio in student development — auction sale, cash buyers only..
Seventh-floor studio with open-plan living and city skyline views
On-site gym, communal courtyard — purpose-built student development
Potential rent ≈ £575–£625+ pcm (student market focus)
Leasehold: 239 years remaining; ground rent £260 (average)
Sold at auction — cash buyers only; immediate exchange, 28-day completion
Buyer pays 10% deposit plus 4.5% reservation fee (min £6,600)
EPC TBA; budget for energy compliance or upgrades if required
Local issues: slow broadband speeds and higher local crime rates
A seventh-floor studio in Sovereign House offers a straightforward city-centre investment close to both universities. The building includes communal space, an on-site gym and courtyard, and the flat’s open-plan layout and city views suit student lettings. Forecast rental evidence suggests income potential around £575–£625+ pcm, making this attractive to buy-to-let portfolios targeting students.
Important sale conditions materially affect purchase cost and timing: this lot is cash buyers only and will sell at auction with immediate exchange and 28 days to complete. Buyers must pay a 10% non-refundable deposit on exchange and a non-refundable reservation fee of 4.5% (minimum £6,600) in addition to the purchase price — factor these into total acquisition costs.
The property is leasehold with 239 years remaining and a ground rent of £260 (average). Broadband speeds in the area are slow and the neighbourhood records higher crime rates, which can influence tenant demand and management requirements. EPC currently TBA; budget for compliance or upgrades if required.
This is a clear, no-frills student-targeted investment: compact, modern accommodation in a cosmopolitan student neighbourhood, close to amenities and transport. Suitable for cash buyers seeking a higher-yield, hands-on rental addition who understand auction risks, additional buyer fees, and the need for active management given location and broadband/crime factors.
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