1-bedroom flat · S1 2FT
Listing removedListed 422 daysAuction 16 Sep · ended
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
LET STUDIO FLAT AT £650 PER CALENDAR MONTH / £7800 PER ANNUM FOR SALE VIA NATIONAL ONLINE AUCTION PLEASE REGISTER TO BID VIA OUR WEBSITE - AUCTIONHOUSE.CO.UK/SOUTHYORKSHIRE FOR SALE VIA NATIONAL ONLINE AUCTION.
BIDDING OPENS ON MONDAY 15TH SEPTEMBER AT 1PM AND CLOSES TUESDAY 16TH SEPTEMBER FROM 1PM. REGISTER TO BID!
An opportunity to purchase this superb studio apartment currently LET and achieving £650 per calendar month / £7800 per annum!!
The property briefly comprises a living area, with kitchenette that comprises a range of wall and base units with a stainless steel sink unit, 2 ring electric hobs, microwave ovens and an under counter fridge.
There is also a built-in wardrobe and fitted desk unit & double bed. An en suite shower rooms with a W.C, wash hand basin and walk in shower and apartments.
Pearl works also has a pay as you go laundry room and a mini supermarket to the ground floor.
Located within the City Centre, within walking distance of the university, train station, shops and restaurants.
*photos taken prior to tenant occupying the property* Tenure: Leasehold EPC Rating: C Administration Fee: £3600 inc VAT payable on exchange of contracts.
Disbursements: Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.
Value & comps
No previous sales on record.
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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 starting price
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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
Agent & docs
FAQ
About Flat 208, Pearl Works, 2 Howard Lane, Sheffield, South Yorkshire S1 2FT
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