Summary - SMITHFIELD APARTMENTS, 131 APARTMENT 61 ROCKINGHAM STREET SHEFFIELD S1 4EY
1 bed 1 bath Apartment
Ready-made city centre investment with immediate rental income and modern features.
Tenanted until Feb 2026 at £725pcm — immediate £8,700pa income
EWS1 compliant (B1) and mortgageable — smoother lending prospects
Private balcony overlooking secure communal courtyard
Modern open-plan living; built 2003–2006 with double glazing
Long lease ~129 years; suitable for buy-to-let portfolios
High annual service charge (£2,694) and ground rent (£150)
Electric room heaters only — potentially higher running costs
Sold by auction; 4.5% non-refundable reservation fee (min £6,600)
This one-bedroom apartment in Sheffield city centre is presented as a ready-made investment, tenanted until February 2026 at £725pcm, delivering immediate rental income of £8,700 per year. Located in a modern purpose-built development, the flat is EWS1 compliant (B1 rated) and mortgageable, reducing friction for buyers who want a secure, yield-producing purchase.
Internally the apartment offers open-plan living with modern fittings, large windows and a private balcony overlooking a gated communal courtyard — compact city living aimed at professionals and students. The long lease (approx. 129 years) and double glazing are practical positives for medium-term ownership and letting.
Buyers should note material costs and practical issues: the property is electrically heated via room heaters (can be more expensive than central heating), and the annual service charge and ground rent are substantial for a small flat (£2,694 and £150 respectively). The building sits in a high-crime, deprived city-centre neighbourhood with strong student presence, which affects tenant mix and long-term demand dynamics.
This sale will be conducted by modern auction. A non‑refundable reservation fee of 4.5% (minimum £6,600 inc. VAT) applies and the buyer must purchase and review the Buyer Information Pack. These auction terms, plus the tenancy in place, make the property best suited to investors seeking immediate income rather than owner-occupiers looking for a primary home.
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