Summary -
Apartment 29 Smithfield Apartments,131, Rockingham Street,SHEFFIELD,S1 4EY
S1 4EY
2 bed 1 bath Flat
High-yield two-bed flat with parking and sitting tenants in Sheffield city centre.
- Two-bedroom leasehold flat, approx. 647 sq ft
- Gross annual income £10,800 (current tenancy)
- Approximate gross yield c.12% at £90,000
- Private underground/off-street parking included
- 100 years remaining on the lease
- Located in a cosmopolitan student neighbourhood
- High local crime rate and area deprivation
- Buyers Premium applies on sale completion
A compact two-bedroom leasehold flat in Smithfield Apartments, positioned in Sheffield city centre and currently let to reliable tenants. The property produces a gross annual income of £10,800, giving a very strong approximate gross yield of about 12% at the current asking price of £90,000. Private underground parking and a 100-year lease remaining add practical value for lettings and resale.
The flat totals approximately 647 sq ft and includes a lounge, kitchen and three-piece bathroom. The building is contemporary with good natural light and modern communal presentation. Fast broadband and excellent mobile signal suit student and professional renters alike.
Important considerations: the property sits in a deprived, high-crime, cosmopolitan student neighbourhood which will influence tenant profiles and long-term capital growth. The sale includes a Buyers Premium to secure purchase commitment — factor this into cost calculations. Tenants currently in residence wish to remain, so purchasers will take the property subject to the existing tenancy.
Best suited to buy-to-let investors or developers seeking immediate rental income and a high-yield addition to a portfolio. The flat offers straightforward management and refurbishment potential but limited appeal for an owner-occupier seeking a quiet neighbourhood or long-term family home.
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