Modern Method of Auction
Auction date not yet published
1-bedroom flat · S1 4JX
For saleReduced £1k (−12.5%) on 13 OctListed 44 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Summary Being Sold via Secure Sale online bidding. Terms & Conditions apply.
Presenting a one-bedroom, en-suite, leasehold student flat in Sheffield, offering a well-proportioned living space in a sought-after city location.
An ideal choice for those seeking modern city living with convenient access to both Universities.
This property will be legally prepared enabling any interested buyer to secure the property immediately once their bid/offer has been accepted.
Ultimately, this presents a transparent process which provides speed, security and certainty for all parties.
An excellent opportunity for an investor to acquire a high yield private student bedroom within a modern shared apartment, or for a parent to secure high quality, low cost accommodation and peace of mind for their child whilst at University.
Ideally located in proximity to Sheffield City Centre and within easy reach of both universities and major healthcare facilities.
The accommodation comprises a generously proportioned private bedroom with space for a double bed, study area and storage furniture, together with the added benefit of a private en-suite shower room.
Residents of the flat that this room is situated within also enjoy access to well-maintained communal kitchen, dining and living facilities, providing a comfortable and sociable environment ideally suited to student living.
The iconic Nebula building in which the property is situated also has a gymnasium, communal social space and staffed reception area.
The development is perfectly positioned for students attending either the University of Sheffield or Sheffield Hallam University, whilst also being conveniently located for the Royal Hallamshire Hospital, City Centre amenities, restaurants, bars, shops and excellent public transport links.
Offered with a tenant currently in situ until February, this property presents an attractive hands-off investment opportunity in one of Sheffield's most established student locations.
Council Tax Band: A Tenure: Leasehold Auctioneers Additional Comments Pattinson Auction are referred to as The Auctioneer.
This auction lot is being sold by either conditional (Modern) or unconditional (Traditional) auction terms and overseen by The Auctioneer.
The method of auction sale and the applicable terms and conditions are found on the lot page of this property on The Auctioneers website.
The property is available to view strictly by appointment only via any Marketing Agent or The Auctioneer.
Please be aware that any enquiry, bid or viewing of the subject property will require your details to be shared between any marketing agent and The Auctioneer so that matters can be dealt with effectively.
The property is being sold via a transparent online auction. To submit a bid, all bidders must adhere to a verification of identity process in line with Anti Money Laundering procedures.
Bids can be submitted at any time and from anywhere.
Auctioneers Additional Comments The advertised price is commonly referred to as a Starting Bid or Guide Price and is accompanied by a Reserve Price.
The Reserve Price is confidential to the seller and The Auctioneer and will typically be within a range above or below 10% of the Guide Price or Starting Bid. These prices are subject to change.
An auction can be closed at any time, with The Auctioneer permitting the property (the lot) to be sold prior to the end of the auction.
A Legal Pack associated with this property is available to view upon request and contains details relevant to the legal documentation, enabling all interested parties to make an informed decision prior to bidding.
The Legal Pack will also outline the buyers obligations and sellers commitments.
It is strongly advised that you seek the counsel of a solicitor prior to proceeding with any property and/or Land Title purchase.
Auctioneers Additional Comments In order to secure the property and ensure commitment from the seller, upon exchange of contracts the successful bidder will be expected to pay a non-refundable deposit equivalent to 5% of the purchase price.
The deposit will form part of the purchase price.
A non-refundable reservation fee of up to 6% inc VAT (subject to a minimum fee which could be up to 7,200 inc VAT) is also payable upon agreement of sale.
The Reservation Fee is in addition to the agreed purchase price, and consideration should be given by the purchaser to any Stamp Duty Land Tax liability associated with the overall purchase costs.
Both the Marketing Agent and The Auctioneer may consider it necessary or beneficial to pass customer details to third-party service suppliers, from whom a referral fee may be received.
There is no requirement or obligation to use any recommended suppliers or services.
Value & comps
No previous sales on record.
See the independent valuation, upside vs guide, and per-strategy max bid for this lot. Sign in to see it.
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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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 advisors before making any investment decisions.
Past performance does not guarantee future results. Tax implications vary by individual circumstances.
Deal
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See projected short-stay revenue vs a vanilla BTL for this property.
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Area
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FAQ
About Flat 302, Spectrum Apartments,, 20 Egerton Street, Sheffield
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