2-bedroom flat · S1 2PH
For saleReduced £20k (−10%) on 29 JulListed 144 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Why You’ll Love It Set within a striking Grade II listed converted building on sought-after Bank Street, this spacious two-bedroom apartment offers stylish and practical city centre living in one of Sheffield’s most convenient and well-connected locations.
Positioned on the lower ground floor, a wonderfully balanced layout with high ceilings, excellent proportions and a quiet, private feel throughout.
Offered to the market with no onward chain, the property also benefits from a long leasehold interest, with the original lease granted in 2023 for 250 years, offering reassurance for both owner-occupiers and investors.
Stepping inside, the apartment immediately impresses with its sense of space and character.
The open plan living, dining and kitchen area forms the heart of the home, a generous and versatile space perfectly suited to modern lifestyles.
Whether entertaining friends, relaxing after work or creating a comfortable work-from-home environment, this sociable space adapts effortlessly.
Two windows serve the living area, while the impressive ceiling height enhances the feeling of openness and character rarely found in many modern apartments.
Both bedrooms are genuine doubles, making the apartment suitable for a variety of buyers.
The current layout demonstrates the flexibility of the accommodation perfectly, with one room utilised as a principal bedroom and the second serving as a guest room and home office.
This versatility makes the apartment particularly attractive for professionals, couples or those seeking additional workspace in the city centre.
The bathroom has been tastefully upgraded with modern tiling and a clean contemporary finish, complementing the overall presentation of the apartment, which is exceptionally well maintained throughout and ready to move straight into.
Externally, the building itself is quiet, secure and well cared for, benefitting from secure intercom entry, double glazed windows, bike storage and a bin store conveniently positioned around the courtyard area.
Why We Love It Bank Street is superbly positioned for enjoying everything Sheffield City Centre has to offer.
From independent cafes and stylish restaurants to shopping, entertainment and excellent transport links, this location places you within easy reach of the city’s most popular destinations.
Sheffield Cathedral is approximately a three-minute walk away, while the Peace Gardens can be reached in around nine minutes, offering attractive green spaces and vibrant city atmosphere.
Sheffield Train Station is approximately fifteen minutes on foot, making the apartment highly convenient for commuters and professionals alike.
The property is also ideally situated for both universities, with the University of Sheffield approximately eleven minutes’ walk away and Sheffield Hallam University around nine minutes from the property.
This makes the apartment equally appealing for owner-occupiers, parents purchasing for a student child or buy-to-let investors seeking a high-demand central location.
The surrounding area continues to thrive, with an abundance of bars, restaurants and coffee spots nearby.
Cambridge Street Collective, one of Europe’s largest food halls, is approximately thirteen minutes’ walk away and has quickly become one of the city’s most exciting social destinations.
Combining generous proportions, flexible accommodation, character features and a superb central location, this impressive apartment offers an exciting opportunity to secure a stylish city base in one of Sheffield’s most vibrant and evolving neighbourhoods.
Value & comps
No previous sales on record.
Returns
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Archie refurb estimate: a Pro feature
0.0% below asking
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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.
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FAQ
About Flat 4, 56 Bank Street, Sheffield
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