2 bed flat for sale

Millsands, Sheffield S3

Tenanted Investment Opportunity – 198 Pinsent, Millsands, Sheffield
£895 pcm • Tenants in situ • 973-year lease remaining • Secure parking

A stylish fifth-floor two-bedroom apartment in the prestigious Pinsent building, part of the gated Millsands development. Overlooking the River Don and offering secure undercroft parking, this property provides a strong turnkey investment in a high-demand rental location close to Sheffield City Centre and Kelham Island.

The apartment is sold with reliable tenants in situ, generating £895 per month. The tenancy is fully compliant with the Renters’ Rights Act, operating as a statutory periodic tenancy. The deposit (£1,032.69) is protected with TDS Custodial, and the tenant has paid on time since moving in on 27 March 2026.

Inside, the property features a bright open-plan living/dining/kitchen area with integrated appliances, leading to a private balcony with river views. Two double bedrooms include a master with built-in wardrobes, and the modern bathroom offers a clean three-piece suite. Additional hallway storage adds practicality. The development benefits from secure gated access and a full-time concierge.

Located opposite the Home Office and within walking distance of Kelham Island’s bars, cafés, and amenities, the area remains one of Sheffield’s strongest rental markets.

Investment Highlights:
• Tenants in situ on statutory periodic tenancy
• £895 pcm rental income
• Deposit protected (TDS Custodial)
• Tenant pays on time
• 973 years remaining on 999-year lease
• Service charge: £3,500 p/a
• Ground rent: £218.58 p/a
• Secure undercroft parking
• High-demand central location

Note: As per the Renters’ Rights Act, fixed terms and Section 21 no longer apply. Any future possession would require valid legal grounds.