Summary - Apartment 206 Fitzwilliam House, 8, Milton Street, SHEFFIELD S1 4JU
1 bed 1 bath Flat
Ready-let one-bedroom with steady income and clear upside for portfolio buyers.
Long-term tenant in situ, generating £8,700 gross annually
This one-bedroom apartment on Milton Street is offered as a buy-to-let opportunity with a long-term tenant already in situ, producing a current gross annual income of £8,700 (marketable to approx. £9,036). The flat sits in a modern block close to central Sheffield amenities and transport links, making it straightforward to relet to students or city workers.
The apartment is compact (377 sq ft) but arranged with a spacious lounge and a modern open-plan kitchen. The lease is extremely long (981 years remaining) and there is no flood risk, which simplifies long-term ownership and financing. Broadband speeds are reported slow; check connectivity if high-speed internet is required by future tenants.
Location is mixed: high footfall, many local amenities and excellent mobile signal support rental demand, but the area registers very high crime and very high deprivation statistics. These factors may affect tenant profiles, insurance costs, and rent growth. The current tenant has a stable long-term tenancy and does not plan to leave — good for immediate income but limits vacant-possession options.
Investors should note a buyer’s premium will apply on purchase. For yield calculations, use the current income and the stated achievable market rent. For detail on tenancy terms, the Let Property Pack should be reviewed before offer.
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