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See how verdicts workStudio flat · S1 4EY
For saleReduced £6k (−11%) on 10 OctListed 328 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
We are acting in the sale of the above property and have received an offer of £56,500 on the above property.
Any interested parties must submit any higher offers in writing to the selling agent before exchange of contracts takes place.
| ground floor | city centre location | Located in the heart of Sheffield's vibrant city centre, this charming studio apartment on Rockingham Street presents an excellent opportunity for both first-time buyers and investors alike.
Situated on the ground floor, the property boasts a private courtyard, offering a delightful outdoor space for relaxation or entertaining guests.
The studio layout is thoughtfully designed, maximising the use of space while providing a comfortable living environment.
With one reception room and a well-appointed shower room, this apartment is ideal for those seeking a low-maintenance lifestyle in a bustling urban setting.
The prime city centre location ensures that residents are just a stone's throw away from an array of shops, restaurants, and cultural attractions, making it a perfect base for enjoying all that Sheffield has to offer.
Additionally, this property represents a promising buy-to-let opportunity, appealing to potential tenants looking for convenience and accessibility.
In summary, this studio apartment on Rockingham Street combines modern living with the excitement of city life, making it a must-see for anyone looking to invest in Sheffield's thriving property market.
General Remarks Tenure This property is Leasehold with a term of 150 years from 1st April 2007 and a ground rent of £150.00 per annum. There is a service charge of £.... Per annum.
Rating assessment We are verbally advised by the Local Authority that the property is assessed for Council Tax purposes to Band A.
Vacant possession Vacant possession will be given on completion and all fixtures and fittings mentioned in the above particulars are to be included in the sale.
Mortgage facilities We should be pleased to advise you in obtaining the best type of Mortgage to suit your individual requirements.
Your home is at risk if you do not keep up repayments on A mortgage or other loans secured on it.
Anti-Money Laundering Checks By law, we are required to conduct anti-money laundering checks on all potential buyers and sellers, and we take this responsibility very seriously.
In line with hmrc guidelines, our trusted partner, Coadjute, will securely manage these checks on our behalf.
Once an offer is accepted (subject to contract), Coadjute will send a secure link for you to complete the biometric checks electronically.
A non-refundable fee of £45 + VAT per person will apply for these checks, and Coadjute will handle the payment for this service.
These anti-money laundering checks must be completed before we can send the memorandum of sale to the solicitors to confirm the sale.
Please contact the office if you have any questions in relation to this.
Value & comps
No previous sales on record.
Returns
Set an offer; the calculator follows it.
We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below asking
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisers before making any investment decisions.
Past performance does not guarantee future results. Tax implications vary by individual circumstances.
Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
Area
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FAQ
About Apartment 55, Smithfield Apartments, 131 Rockingham Street, Sheffield
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