Summary - Leadmill Street, Sheffield, S1 S1 4SA
2 bed 1 bath Flat
Ready-made rental with strong gross yield and long-term tenants in place.
Two-bedroom leasehold flat in central Sheffield, 570 sq ft
This two-bedroom leasehold flat in central Sheffield is presented as a ready-made buy-to-let with long-term tenants and a reported annual gross income of £10,800. At the asking price of £117,600 the property delivers a strong gross yield (around 9%); that return profile will attract investors seeking immediate rental income rather than redevelopment.
The apartment sits within a modern brick-built residential complex close to public transport, shops, leisure facilities and local universities, so tenant demand is supported by the surrounding cosmopolitan, student-oriented neighbourhood. The accommodation includes a lounge with balcony access, a kitchen, two bedrooms and a three-piece bathroom—practical, city-centre living spaces that are easy to let and maintain.
Notable downsides are material: the property is leasehold, sits in a very high crime area and has a medium flood risk, all of which affect insurance, management costs and appeal for some tenants. The overall flat size is small (570 sq ft) and communal building management details and service charges should be checked; a buyers’ premium is noted as part of the sale process.
For investors, the main strengths are the established rental income, central location and tenant continuity. For developers or those seeking refurbishment-led equity, expect limited internal space and the need to factor in area-related premiums for security, insurance and potential flood mitigation.
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