Summary - Flat 5, City Wharf, 1 Nursery Street S3 8GF
1 bed 1 bath Apartment
Affordable one-bedroom close to Kelham Island and Sheffield centre.
One double bedroom with separate storage room
Open-plan living/kitchen with Juliet balcony riverside view
Long lease: 178 years remaining
Service charge £1,700 pa, ground rent £250 pa
Heating: electric room heaters only
Cavity walls assumed uninsulated; potential retrofit needed
Medium flood risk in local area
Very high local crime; inner-city student neighbourhood
This one-bedroom apartment in City Wharf offers an affordable riverside entry into Sheffield property. The open-plan living area and Juliet balcony capture pleasant River Don aspects, while the double bedroom and separate storage add practical space for everyday living.
The long lease (178 years remaining) and modest asking price make this straightforward for first-time buyers or buy-to-let investors. Annual running costs should be factored in: a service charge of £1,700 and ground rent of £250. Council tax is very low, helping keep ongoing costs down.
Buyers should note several material factors: heating is electric using room heaters, the building’s cavity walls are assumed uninsulated, and flood risk in the area is medium. Crime levels are described as very high and the wider neighbourhood is a multicultural student area with high deprivation, which may affect long-term rental income or lifestyle expectations.
Overall, this compact apartment suits someone seeking an inexpensive city-base close to Kelham Island and Sheffield centre, or an investor targeting the local rental market. It offers immediate occupancy potential but also clear maintenance and location considerations that buyers must weigh.
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