2-bedroom flat · S3 8UG
Let agreedListed 18 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Located on the edge of the sought-after and vibrant location of Kelham Island within walking distance to local amenities, eateries, bars, transport links and within a 5-minute walk to the train station, The Nichols Building is iconic with rich history and comprises of 40 luxury apartments which are available to let fully furnished.
Within this elegant restoration there is a mixture of studio, one bed, two bed and three-bedroom apartments, with each apartment being finished to the highest of standards to create a modern, contemporary style of living whilst still holding the character and charm of the building.
There really is an apartment for everyone in this building, the restoration apartments have held onto the charm of the original building with exposed brick feature walls and original features whilst the new addition apartments are ultra-modern and high end.
The apartments are spacious throughout with high specification kitchens with integrated appliances, contemporary shower rooms and bathrooms, concrete effect flooring, matt black accessories and 18 of the apartments benefit from having balconies with views over Sheffield.
This stunning development also benefits from having a lobby area with seating, CCTV, video intercom entry system, lift access to all floors, pass 24 security and bike store.
Viewing is advised to appreciate these stunning apartments! **please note photos are for reference** This particular property benefits from having Electric heating.
To identify which supplier is responsible for your utilities, please direct your search to Offgem.Gov.Uk.
In addition to this, the property is situated within an area which broadband and mobile coverage is available, if you wish to check the area for the connections available, please direct your search to Offgem.gov.uk.
Rent excludes any other permitted payments, and the tenancy deposit.
A Holding deposit amount of £276.92, based on the advertised rent, is required to reserve the property and to take the property off the market – this amount is taken off your first month’s rent.
A deposit an amount of £1,384.62, will be required prior to the collection of your keys, along with your first month’s rent of (minus the holding deposit).
Value & comps
No previous sales on record.
Rental comparables are shown in the Rental section below. Sold comparables remain for area capital context only.
Returns
We're still gathering serviced-accommodation data for this area.
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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 Nichols Building, Shalesmoor, Sheffield, S3
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