Summary - Apartment 010 Sovereign House, 110, Queen Street, SHEFFIELD S1 2FP
1 bed 1 bath Apartment
Turnkey, low-entry investment with immediate rental demand and long leasehold security.
Premium double studio sold fully furnished
Long lease: 239 years remaining
Typical rent £170–£190/week (51-week tenancies)
No private outdoor space, city-centre setting
Electric room heaters; potential higher running costs
Solid brick walls; likely no cavity insulation
High local crime statistic to consider
Sold via Modern Method of Auction; reservation fee applies
A compact premium double studio in Sovereign House, positioned in Sheffield city centre and offered via the Modern Method of Auction. The apartment is sold fully furnished and typically lets for £170–£190 per week on 51-week tenancies, making it a straightforward let for investors or a low-maintenance city base for a student or young professional. The 239-year lease provides long-term security for leaseholders.
Practical realities are clear: the studio is a single open-plan room with a separate shower room, electric room heaters and double glazing installed post-2002. The building is purpose-built student accommodation with on-site communal facilities and a managed entry system; there is no private outdoor space. The solid-brick construction likely lacks cavity insulation, which could affect winter heating costs.
This sale uses the Modern Method of Auction. Buyers must budget for a non-refundable reservation fee (4.5% of the purchase price, minimum £6,600) plus pack and verification fees, and allow up to 56 days to complete. The location and proven rental income make the property attractive to buy-to-let purchasers, but factor in auction fees, potential management charges, and the building’s high-crime local statistic when assessing yield and risk.
Overall, the apartment offers a low-entry purchase in a central, well-served student neighbourhood with immediate rental demand and long lease tenure. It suits investors seeking a turnkey let or a single occupant wanting city-centre convenience, provided buyers accept the auction process and the building’s urban characteristics.
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