5 bed flat for sale

Edward Street, Sheffield, South Yorkshire S3

A fantastic opportunity to acquire a five-bedroom, five-bathroom shared apartment located on the fifth floor of a purpose-built student accommodation development in a central Sheffield location. The property is designed to accommodate modern student living, featuring five well-proportioned en-suite bedrooms and a spacious open-plan living kitchen area, creating a practical and sociable environment for residents.

This property presents an appealing opportunity for a savvy investor seeking both income and future upside. Currently, only one occupant is in residence, offering significant potential to increase returns. When fully occupied, the apartment could generate a gross income in the region of £28,000 per annum, making this an attractive yield opportunity once stabilised. Previous contracts ended in March 26 and the remaining units are actively being advertised for re-let.

The apartment is situated within a professionally managed development, providing a fully hands-off investment. On-site management oversees tenant sourcing, maintenance, and day-to-day operations, making ownership straightforward and low maintenance. The development also benefits from a range of amenities designed to attract and retain tenants, including high-speed broadband, secure entry, communal areas, cycle storage, and on-site support.

Edward Street is well positioned within walking distance of both The University of Sheffield and Sheffield Hallam University, ensuring consistent demand from the city’s large student population. The central location also offers convenient access to transport links, retail amenities, and leisure facilities, further enhancing the property’s rental appeal.

Key Features:

Five bedrooms, all with en-suite bathrooms
Fifth-floor apartment within purpose-built student accommodation
Spacious open-plan living kitchen area
Currently one occupant in situ
Potential gross income circa £28,000 per annum when fully occupied
Professionally managed development providing hands-off investment
Strong student rental demand location
Communal facilities and on-site management
Attractive yield potential with value-add opportunity
Ideal purchase for a savvy investor

This is a compelling investment opportunity offering both immediate income and the potential to enhance returns through full occupancy within a well-established student accommodation development.

**** auction terms ****

This property is for sale by the Modern Method of Auction, meaning the buyer and seller are to Complete within 77 days (the "Reservation Period"). Interested parties personal data will be shared with the Auctioneer (iamsold).
If considering buying with a mortgage, inspect and consider the property carefully with your lender before bidding.
A Buyer Information Pack is provided. The winning bidder will pay £349.00 including VAT for this pack which you must view before bidding.
The buyer signs a Reservation Agreement and makes payment of a non-refundable Reservation Fee of 4.5% of the purchase price including VAT, subject to a minimum of £6,600.00 including VAT. This is paid to reserve the property to the buyer during the Reservation Period and is paid in addition to the purchase price. This is considered within calculations for Stamp Duty Land Tax.
Services may be recommended by the Agent or Auctioneer in which they will receive payment from the service provider if the service is taken. Any payment that will be received by the Agent or Auctioneer will be confirmed to you in writing before services are taken. Services are optional.

Important Note to Potential Purchasers & Tenants:
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 traveling some distance to view. Potential purchasers: Fixtures and fittings other than those mentioned are to be agreed with the seller. Potential tenants: All properties are available for a minimum length of time, with the exception of short term accommodation. Please contact the branch for details. A security deposit of at least one month’s rent is required. Rent is to be paid one month in advance. It is the tenant’s responsibility to insure any personal possessions. Payment of all utilities including water rates or metered supply and Council Tax is the responsibility of the tenant in most cases.

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Bedroom 1 (6.73m x 2.44m (22' 1" x 8' 0"))

Bedroom 2 (3.63m x 2.41m (11' 11" x 7' 11"))

Bedroom 3 (3.63m x 2.41m (11' 11" x 7' 11"))

Bedroom 4 (3.63m x 2.41m (11' 11" x 7' 11"))

Bedroom 5 (3.63m x 2.41m (11' 11" x 7' 11"))

Kitchen/Living Room (6.35m x 4.52m (20' 10" x 14' 10"))