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Studio for sale

£64,995 (£325/sq. ft) Offers over

Queen Street, Sheffield S1

1 200 sq. ft*

Images may include optional upgrades at additional cost

Interested in this property? Call +44 20 8022 7495 * or

* Calls to this number will be recorded for quality, compliance and training purposes.

Property features

  • On street/residents parking
  • Central heating
  • Double glazing
  • Porter/security
  • Fully equipped gym
  • Communal lounge and games room
  • Lift access

Property description

Cash only - investors only! Flambard Williams present a fantastic opportunity to own a luxury studio in Sheffield which provides an income of over 7% per year.

Sovereign House is a 250 unit student accommodation building based in Sheffield. The property was completed by Fortis Developments to a very high standard; facilities include a gymnasium, cinema room, communal lounge, cycle storage and laundry facilities.

Fortis Developments completed the property in 2015 after a 60 week build duration and the approximate gdv for the project was valued at £17,000,000.

The ideal location caters to all students who want to live in the heart of the thriving city, as it is just minutes away from shops, restaurants and bars. Sheffield has a distinct lack of pbsa, which has driven a high rental demand. This coupled with the fact that pbsa is the preferred choice of most students, has meant Sovereign House has been fully occupied since opening in July 2015.

Sheffield has two principle universities and a total student population of over 60,000 (5,000 of which are international). The University of Sheffield is placed 13th in The Times newspaper list of top universities and was previously voted the best university for student experience.

There are just two Premium Studios currently available and they are likely to sell quickly, due to the price, location and yield on offer. Contact us today and speak with one of our experienced consultants for an informative, no obligation chat about the available apartments and see if they match your needs.
Market activity
Average price paid £130,871 Sales 88 Current average value £148,337 (Zoopla Zed-Index) Value change £4,464 ▲ 3.10%

Property value data/graphs for S1

Property type Avg. current value Avg. £ per sq ft. Avg. # beds Avg. £ paid (last 12m)
Detached £233,542 - 2.7 -
Semi-detached £166,258 - 3.0 -
Terraced £119,963 - 3.1 £118,500
Flats £148,678 £235 1.6 £131,159

Current asking prices in S1

Average: £137,544
Avg. current asking prices in S1
Property type 1 bed 2 beds 3 beds 4 beds 5 beds
Houses £99,950
(1)
- - - -
Flats £101,899
(47)
£165,067
(52)
- - -
All £101,858
(48)
£165,067
(52)
- - -

Current asking rents in S1

Average: £850 pcm
Avg. current asking prices in S1
Property type 1 bed 2 beds 3 beds 4 beds 5 beds
Houses £553 pcm
(4)
£792 pcm
(6)
£1,097 pcm
(5)
£1,109 pcm
(16)
£1,483 pcm
(13)
Flats £603 pcm
(42)
£796 pcm
(47)
£1,184 pcm
(3)
£995 pcm
(7)
£957 pcm
(7)
All £599 pcm
(46)
£795 pcm
(53)
£1,130 pcm
(8)
£1,074 pcm
(23)
£1,299 pcm
(20)

Fun facts for S1

Highest value in S1
Highest value streets Zed-Index
Regent Street £246,961
Westfield Terrace £212,740
Holly Street £203,077
Orchard Lane £193,301
Eldon Street £192,620
Highest turnover in S1
Highest turnover streets Turnover
Brown Lane 33.3%
Eyre Lane 31.8%
Leadmill Street 31.7%
St. Pauls Square 30.8%
Holly Street 29.2%

What Zoopla users think of Sheffield

Overall rating:

  • currently 4 stars
Very good - 78% (691 ratings)

Ratings breakdown:

  • currently stars
Community & safety
  • currently stars
Entertainment & nightlife
  • currently stars
Parks & recreation
  • currently stars
Restaurants & shopping
  • currently stars
Schools & public services
  • currently stars
Transport & travel

Rate Sheffield:

Tell us what you think of this area by rating these categories.
Please note your vote will only be counted once.

Community & safety
  • currently stars
  • 1
  • 2
  • 3
  • 4
  • 5
Entertainment & nightlife
  • currently stars
  • 1
  • 2
  • 3
  • 4
  • 5
Parks & recreation
  • currently stars
  • 1
  • 2
  • 3
  • 4
  • 5
Restaurants & shopping
  • currently stars
  • 1
  • 2
  • 3
  • 4
  • 5
Schools & public services
  • currently stars
  • 1
  • 2
  • 3
  • 4
  • 5
Transport & travel
  • currently stars
  • 1
  • 2
  • 3
  • 4
  • 5

Nearby transport

  • Sheffield (0.5 miles)
  • Darnall (2.5 miles)
  • Meadowhall (3.2 miles)
  • Robin Hood Airport (20.2 miles)
  • Manchester International Airport (33.3 miles)
  • Leeds Bradford International Airport (34.2 miles)
  • Hull Ferry Terminal (55.1 miles)
  • Liverpool Pier Head Ferry Terminal (63.0 miles)
  • Liverpool Isle of Man & Dublin Terminal (63.1 miles)

Nearby schools

View all schools in Sheffield
  • Netherthorpe Primary School (0.5 miles)
  • Springfield Primary School (0.6 miles)
  • Pye Bank CofE Primary School (0.6 miles)
  • Freeman College (0.5 miles)
  • UTC Sheffield (0.6 miles)
  • The Sheffield College (0.9 miles)
  • Bethany School (0.6 miles)
  • Seven Hills School (0.9 miles)
  • All Saints' Catholic High School (0.9 miles)
Note: Distances are straight line measurements

Local info for Sheffield

About the neighbours in S1

AskMe Q&A for Sheffield

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* Sizes listed are approximations. Please contact the agent to verify actual sizes.

For more information about this property, please contact
Flambard Williams, CM2 on +44 20 8022 7495 * (local rate)

Monthly running costs Beta

£427 Monthly total

Mortgage

Purchase price
Deposit (10%) 6,499
Repayment term 25
Interest rate 1.5
Your payment £233 /mo How Much Could I Borrow

These results are not provided by NatWest and are only indicative based on a repayment mortgage product. Repayments will be subject to the product provided and your circumstances.

Your home or property may be repossessed if you do not keep up repayments on your mortgage.

Home Insurance

Rebuild value up to £1,000,000 Contents value up to £75,000 Average insurance cost £18/mo (£220/yr)
Compare insurance deals now In partnership with uSwitch
Home insurance costs explained

Home Insurance is based on the average price of a building and contents quote for a property in this area in the last 48 months.

Source: Autonet Insurance Ltd

Energy

Gas £20 Electricity £24 Estimated energy cost £44/mo

Similar properties could save up to £167

How Much Could I Save? In partnership with uSwitch
Energy costs explained

The estimated energy cost for this property has been calculated using actual energy usage data for a property of this type, number of bedrooms and region.

Estimated consumption

Gas: 6500 kWh/year
Electricity: 1800 kWh/year

Source: National Energy Efficiency Data Framework

Council Tax

Local authority

Sheffield

Estimated tax band A Council tax cost £111 /mo
when paid over 10 months
Council tax costs explained

The Council Tax cost displayed is based on the council tax band and on the basis of 2 adults living at the property. The monthly cost shown excludes any discounts and is rounded to the nearest pound.

Full information on Council Tax discount entitlements can be found on the Gov.UK’s website.

Water

Supply £9 Sewerage £12 Estimated water cost £21 /mo
Water costs explained

Water consumption is based on average water usage for the predicted occupancy of the property based on the number of bedrooms.

Total annual consumption (in cubic meters) is then averaged into a monthly cost.

Note: If you have 2 separate suppliers for water and sewage, you may receive 2 separate bills.

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Disclaimer

Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Flambard Williams, and do not constitute property particulars. Please contact Flambard Williams for full details and further information. The Running Costs data displayed on this page are provided by Zoopla to give an indication of potential running costs based on various data sources. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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