Summary - 65, Great Central, 2 Chatham Street S3 8FG
1 bed 1 bath Apartment
Tenanted one-bedroom apartment near Sheffield city centre — instant rental income and good yield..
Tenanted one-bedroom apartment with immediate rental income
This modern one-bedroom apartment in the Great Central development is offered as a tenanted investment with immediate rental income. Set on the second floor of an eight-storey block of 131 apartments, the property includes a fitted kitchen, modern bathroom, private landscaped amenity space and secure bicycle storage — features that appeal to city professionals and students. Gross rent is quoted at £9,000 per year (approx. 8.57% gross yield; 6.73% net yield).
The location is less than a mile from Sheffield city centre with excellent transport links and fast broadband, supporting strong tenant demand. Ongoing regeneration in the city, including Heart of the City II and West Bar development, underpins rental market prospects and potential capital growth over time.
Buyers should note material drawbacks plainly: the local area is classified as very deprived with very high crime levels, and heating is by electric room heaters which may mean higher running costs for tenants. Tenure is listed as unknown — purchasers must verify tenure and service charge details. The apartment’s compact layout and inner-city environment suit investors targeting rental yield rather than owner-occupier comfort.
Overall, this is a clear income-producing asset for an investor seeking immediate cashflow in a regenerating city centre location. Verify lease/tenure, service charges and any management arrangements before commitment, and factor potential tenant running costs when modelling net returns.
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