2-bedroom flat · S3 8NE
For saleListed 57 days
Opportunity summary
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About
** riverside living with under croft allocated parking - gated development ** Situated on the fourth floor of this highly desirable and sought-after gated development, this well-presented two double bedroom apartment offers contemporary living alongside the convenience of secure allocated undercroft parking.
The property benefits from uPVC double glazing, electric heating and a visual and audio security entry system providing access to the communal reception lobby, which is complemented by an on-site concierge service.
Lift access is available to all floors, while residents also benefit from secure ground-floor access to the undercroft car park.
The accommodation briefly comprises: Accessed via a private entrance door, the welcoming hallway provides access to the principal living accommodation, both double bedrooms and the bathroom.
Two useful storage cupboards provide additional practical storage.
A bright and spacious open-plan reception area featuring a window providing plenty of natural light and opening onto a Juliet balcony.
There is ample space for a dining table and chairs, while attractive flooring flows seamlessly through to the kitchen, creating a modern and sociable living space.
The contemporary fitted kitchen comprises a range of wall, base and drawer units complemented by contrasting work surfaces incorporating a sink and drainer.
Integrated appliances include an electric oven, four-ring hob with extractor hood over, dishwasher and washing machine, together with designated space for a fridge freezer.
The generous principal bedroom benefits from a fitted wardrobe, providing useful built-in storage.
A well-proportioned second double bedroom offering versatile accommodation for guests, family or home working requirements.
The modern bathroom is fitted with a three-piece suite comprising a bath with overhead shower, WC and wash hand basin.
Outside The apartment has the added benefit of an allocated, secure parking space set within this gated development. Well-kept communal grounds.
Location The property is located adjacent to Kelham Island, Sheffield's only urban village. Kelham Island has been named as one of the top ten "coolest" locations in Britain.
The former industrial area has been reinvented as one of the UK's hippest areas and its revival has previously earned it eighth spot in Travel Supermarket’s Hip Hangout Neighbourhood Index, which showcases the most up-and-coming neighbourhoods in the UK and Europe.
Boasting many bars and restaurants including the award winning Grind Café, Gastro pub Milestone, together with the famous Fat Cat and Kelham Island Tavern.
The shipping container complex Krynkl with rooftop bar has added to the eclectic mix in Kelham Island.
There is excellent access to Sheffield City centre, train station, main hospitals, universities and motorway network making this area extremely popular with young professionals.
Material Information The property is Leasehold with a term of 999 years running from the 1st September 2000. Service Charge £1,700 per 6 months. Ground Rent £111 per 6 months.
The property is currently Council Tax Band A. Valuer Greg Ashmore mnaea
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 94, Cracknell, Millsands, Sheffield
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