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One-bedroom fourth floor studio flat, tenanted

Sheffield, S3 - Get Access

1 bed 1 bath

Description

The property comprises a fourth-floor studio flat situated within a purpose-built block arranged over ground and five upper floors. The apartment features a studio room and a bathroom, and benefits from access to a communal gym and laundry room. The property is currently subject to a periodic tenancy producing £8,844 per annum (£737 per calendar month). Tenure is leasehold, held on a 195-year lease from October 2016, leaving approximately 185 years unexpired. Situated on a residential road close to local shops and amenities, the property is within easy reach of the open spaces of The University of Sheffield and Sheffield Hallam University. Transport links are provided by the West Street tram stop, Meadowhall rail station, and the M1 motorway.
Comparable sales
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Estimated market value
£
Range: £ — £
Medium confidence Floor Area Estimated: 350 sq ft

The property is a fourth-floor studio flat located within a modern purpose-built block in central Sheffield, evaluated using an estimated internal floor area of 350 sq ft. The building presents in good overall condition with a modern exterior finish and a long unexpired lease term. Valuation benchmarks for similar modern compact units in the immediate area inform the baseline rate per square foot, adjusted for the existing periodic tenancy.

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