Summary - STUDIO INVESTMENT, Sovereign House, Queen Street, Sheffield, S1 S1 2DW
1 bed 1 bath Flat
Low-cost, high-yield studio near universities — fully managed and ready to let.
Purpose-built furnished studio with en-suite shower and kitchenette
A compact second‑floor studio in Sovereign House, centrally placed for Sheffield universities and city amenities. The purpose‑built unit is furnished and configured for single occupancy with a double bed, kitchenette and en‑suite shower — designed for low‑maintenance lettings to students or young professionals.
This is a clear high‑yield investment opportunity: guide price £30,000 with typical all‑inclusive rents of £550–£700pcm and an on‑site lettings service that usually covers utilities and Wi‑Fi. Communal extras include secure entry, a gym, lounge rooms and a courtyard, adding rental appeal and easier management for remote landlords or parents letting to their students.
Important practical facts: the flat is leasehold and is expected to be sold at auction. The service charge (approx. £182.94pcm / £2,195.28pa) covers most utilities and buildings insurance; ground rent is about £32pcm (£384pa). Council tax (band A) is excluded from inclusive lets and must be paid separately. Broadband speeds on record are slow; mobile signal is excellent. The local area is a cosmopolitan, multicultural student neighbourhood with higher than average crime — factors to weigh for tenancy and insurance considerations.
Suitable for investors seeking immediate rental income, parents buying for student use, or an owner‑occupier wanting central, low‑upkeep city living. The unit’s small size and compact layout limit flexibility, but the fully managed service and strong rental demand around the universities make this a pragmatic, hands‑off holding with clear cashflow potential.
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