1 bed flat for sale

Queen Street, Sheffield, South Yorkshire S1

Investment Opportunity – Studio Apartment

** please note internal photos to follow **

An excellent opportunity to acquire a fully equipped second floor studio apartment within a purpose built student development in Sheffield. This is a readymade investment property offering immediate income with a tenant already in situ and professional management in place.

Designed specifically for modern student living, the apartment is compact, practical, and highly lettable making it an ideal low maintenance addition to any investment portfolio.

Investment Highlights
Income producing property from day one
Currently tenanted student accommodation
Let through professional student operator
Strong rental demand location
Hands off investment option
Attractive entry level price point for investors

Rental Information
Current Rent: Circa £150 pcm
Tenancy Provider: Xenia Students
Tenancy Term: 22/09/2025 – 20/09/2026
Tenant Type: Student

This fixed tenancy provides immediate and secure income, removing the need for marketing or tenant sourcing upon purchase.

The studio has been thoughtfully designed to maximise space, efficiency, and comfort. It comes fully fitted with integrated furniture and essential facilities, including:
Built-in bed
Study desk and workspace area
Compact kitchenette
Private shower room
Storage solutions

Everything is in place for instant occupation, ensuring continued tenant appeal and minimal landlord involvement.

The Development - New Bank House is a dedicated student accommodation development designed to meet the expectations of today’s renters. Developments of this type are consistently popular due to their convenience, security, and community focused environment.

Typical onsite amenities available to residents include:

Secure entry systems
Communal social areas
Study spaces
Managed reception/support services
Modern communal facilities
Professionally maintained common parts
Fully equipped Gym

Such features significantly enhance tenant retention and demand, protecting long term rental income for investors.

Properties like this appeal strongly to investors seeking:

Low entry cost
Predictable rental income
Minimal maintenance responsibility
Strong tenant demand sector
Professionally managed environment

With the student rental market continuing to perform consistently, purpose built units remain one of the most resilient investment sectors.

This is a ready to go, income producing investment requiring little to no setup. With a tenant already secured and management structure in place, buyers can purchase with confidence and start receiving returns immediately.

Opportunities at this price level with a tenant already in place are limited early interest is strongly advised.

**** auction terms ****

This property is for sale by Modern Method of Auction allowing the buyer and seller to complete within a 77 Day Reservation Period. Interested parties’ personal data will be shared with the Auctioneer (iamsold Ltd).

If considering a mortgage, inspect and consider the property carefully with your lender before bidding. A Buyer Information Pack is provided, which you must view before bidding. The buyer is responsible for the Pack fee. For the most recent information on the Buyer Information Pack fee, please contact the iamsold team.

The buyer signs a Reservation Agreement and makes payment of a Non-Refundable Reservation Fee of 4.5% of the purchase price inc VAT, subject to a minimum of £6,600 inc. VAT. This Fee is paid to reserve the property to the buyer during the Reservation Period and is paid in addition to the purchase price. The Fee is considered within calculations for stamp duty.

Services may be recommended by the Agent/Auctioneer in which they will receive payment from the service provider if the service is taken. Payment varies but will be no more than £960 inc. VAT. These services are optional.

Important Note to Potential Purchasers & Tenants:
We endeavour to make our particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or fact. The services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency is given. All photographs and measurements have been taken as a guide only and are not precise. Floor plans where included are not to scale and accuracy is not guaranteed. If you require clarification or further information on any points, please contact us, especially if you are traveling some distance to view. Potential purchasers: Fixtures and fittings other than those mentioned are to be agreed with the seller. Potential tenants: All properties are available for a minimum length of time, with the exception of short term accommodation. Please contact the branch for details. A security deposit of at least one month’s rent is required. Rent is to be paid one month in advance. It is the tenant’s responsibility to insure any personal possessions. Payment of all utilities including water rates or metered supply and Council Tax is the responsibility of the tenant in most cases.

SCI230324/8