Summary - Apartment 116A, Lightbox, 63 Earl Street, SHEFFIELD S1 4WG
1 bed 1 bath Studio
Immediate rental income with communal facilities and long lease term.
- Sold with tenants in situ; cash buyers only
- Current rent £672 pcm; c.13.44% gross rental yield
- First-floor studio with open-plan living and separate bathroom
- Furniture included (bed, wardrobe, desk, table, chairs)
- Communal gym, games room and laundry facilities on-site
- 189 years remaining on the lease; leasehold tenure
- Broadband speeds very slow; area crime level very high
- Ground rent c.£300 per year; community heating scheme
A compact first-floor studio in the Lightbox complex, offered with tenants in situ and sold to cash buyers only. The flat produces a strong rental return of £672 pcm, representing around a 13.44% gross yield, making it a straightforward buy-to-let for investors seeking immediate income.
The layout is open-plan with a compact kitchen area, bedroom zone and a three-piece bathroom; furniture is included. The building offers communal amenities including a gym, games room and laundry facilities. The lease has 189 years remaining and council tax is very low.
Notable considerations: broadband speeds are reported as very slow, crime levels in the area are very high, and the property is on a community heating scheme. Ground rent is approximately £300 per year and the sale is strictly to cash buyers with tenants in place, so vacant-possession planning will require negotiation.
Overall this is a practical, income-generating purchase for an investor comfortable with a city-centre, student-orientated location and the constraints of an occupied leasehold flat. Viewings are recommended for buyers who prioritise yield and immediate rental return.
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