Summary - Chatham Street, Sheffield, South Yorkshire, S3 S3 8FG
1 bed 1 bath Apartment
Income-producing city flat with rare private terrace and long lease.
- Tenanted until 31/03/2026 at £795 pcm (immediate income)
- Private outdoor terrace, rare for city flats
- 509 sq ft one-bedroom open-plan layout
- 243 years lease remaining; chain free
- Ground rent £150 pa (small)
- Electric room heaters — potentially higher running costs
- No dedicated parking; on-street only
- Very high local crime and high area deprivation
This one-bedroom apartment in Kelham Island is offered with a sitting tenancy producing immediate income of £795 per calendar month until 31 March 2026. The 509 sq ft open-plan flat includes a double bedroom, modern bathroom and a private outdoor terrace — a scarce asset for city-centre flats and a clear appeal to renters.
The building is contemporary and well-located for city amenities, transport and the local food and culture scene, supporting steady tenant demand. The lease has 243 years remaining and the sale is chain free, simplifying a purchase for portfolio buyers wanting quick completion and an instant yield.
Buyers should note this is a leasehold flat with a small ground rent of £150 and electric room heaters as the main heating source, which can mean higher running costs for tenants. There is no dedicated parking; only on-street spaces are available. The property sits in an area with very high crime levels and significant deprivation, factors that may affect long-term capital growth and management requirements.
Overall this is a pragmatic investment for someone seeking an income-producing city-centre flat with outdoor space and a long lease. The combination of immediate rental income, short-term tenant security and central Kelham location supports a straightforward buy-to-let case, provided investors factor in running costs and local area risks.
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