This calculator provides a guide to the amount of residential stamp duty you may pay and does not guarantee this will be the actual cost. This calculation is based on the Stamp Duty Land Tax Rates for residential properties purchased from 23rd September 2022 and second homes from 31st October 2024. For more information on Stamp Duty Land Tax, click here.
£90,000
1 bedroom Flat for sale, Cherry Street, Sheffield, South Yorkshire, S2
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Features and Description
- One Bedroom Apartment, Third Floor Location
- Open-Plan Living Area with balcony. Fitted Kitchen.
- Tenancy Option: Currently let at £700 pcm, offering a ready-made rental income. Can be sold with the tenant in place or vacant possession – ideal for both investors and first-time buyers.
A Modern 1-Bedroom Apartment with Rental Potential
Key Features: One Bedroom Apartment: Spacious, double bedroom perfect for singles or couples.
Third Floor Location: Situated on the third floor with excellent natural light and privacy.
Open-Plan Living Area: Generous living/dining room that opens onto a small balcony, ideal for morning coffees or evening relaxation.
Fitted Kitchen: Modern kitchen with integrated appliances.
Balcony: Small but functional, perfect for enjoying the outdoors from the comfort of your home.
Tenancy Option: Currently let at £700 pcm, offering a ready-made rental income. Can be sold with the tenant in place or vacant possession – ideal for both investors and first-time buyers.
Cherry Street is in the heart of Sheffield, a vibrant and up-and-coming area that's perfect for anyone looking for a modern, city-based lifestyle. The apartment is ideally located with easy access to key amenities:
Walking distance to Sheffield city centre: Enjoy the convenience of nearby shops, restaurants, and entertainment, including the Moor Market, the Crucible Theatre, and Sheffield’s Winter Garden.
Excellent transport links: Bus and tram routes provide quick access across the city and to Sheffield Train Station, making it easy for commuters or those who want to explore the wider region.
Close to Universities: Ideal for students or professionals working at the University of Sheffield or Sheffield Hallam University.
Nearby parks and green spaces: The nearby Endcliffe Park and Norfolk Heritage Park offer green spaces to enjoy outdoor activities or leisurely strolls.
Why Purchase This Apartment?
Affordable Price: At just £90,000, this apartment is a fantastic opportunity for first-time buyers to get on the property ladder or investors looking for a high rental yield in a prime Sheffield location. With a current rental income of £700 pcm, you’re looking at a potential gross yield of over 9%.
Ready-to-Go Investment or Home: Whether you are looking for a property to move into yourself or a hassle-free investment, this apartment offers flexibility. The current short-term tenancy allows for immediate rental income or the option to take vacant possession and make it your own.
City Living: Sheffield is a city on the rise, with its mix of historic charm and modern living. As the city continues to grow, so too does demand for centrally located properties like this one. Its proximity to universities and key attractions makes it a desirable choice for tenants and homeowners alike.
Don't Miss Out!
For more details or to arrange a viewing, please contact us today!
IMPORTANT NOTE TO POTENTIAL PURCHASERS:
We endeavour to make our particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or fact. The services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency is given. All photographs and measurements have been taken as a guide only and are not precise. Floor plans where included are not to scale and accuracy is not guaranteed. If you require clarification or further information on any points, please contact us, especially if you are travelling some distance to view. Fixtures and fittings other than those mentioned are to be agreed with the seller.
Cherry Street, Sheffield, South Yorkshire, S2
Additional Information
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Property refSCI240361
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EPCC
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TenureLeasehold
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Lease length231 years
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Council TaxA
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Local authoritySheffield City Council
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Ground Rent£200
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Ground Rent ReviewContact the branch
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Service Charge£1,816
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Reeds Rains Estate Agents Sheffield
Reeds Rains Sheffield
The Chimes, 23 Campo Lane, Sheffield, S1 2EG
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Disabled access available
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Borrowing £81,000 and repaying over 25 years with a 2.5% interest rate.
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