4 bed Apartment (Leasehold)

Starting Bid £57,000!
This is an ideal opportunity for savvy investors seeking high-yield returns with low involvement, in a strong rental market fuelled by Sheffield’s two thriving universities.
£25,699 potential annual income, offering an attractive gross yield of 20.86% in year 1, a strong investment opportunity with excellent return potential!
The property is currently let to a mix of students and professionals and is generating a total income of £491 per week from the outset. It is fully managed by Student FM, a professional lettings and management company specialising in high-quality accommodation. Their full management service includes tenant sourcing, rent collection, maintenance, and compliance, providing buyers with complete peace of mind.
Internally, the apartment comprises four well-proportioned double bedrooms, each with its own private en-suite, along with a modern kitchen and communal living space. The layout is HMO-compliant and ready to go, with no additional works required.
Residents of the Aspect development benefit from a range of on-site facilities including secure entry, 24/7 CCTV, an on-site management office, common room and study areas, cycle storage, laundry facilities, and lift access to all floors. The building is purpose-built for the student market and maintained to a high standard, creating a safe and attractive living environment.
Situated on Edward Street, the development is ideally located within walking distance of both the University of Sheffield and Sheffield Hallam University, as well as local amenities, transport links, and the city centre. This central location continues to drive strong and consistent rental demand.
The property is being offered for sale by modern method of auction plus fees. This presents a low entry price point with strong yield potential, making it an attractive option for both experienced investors and those entering the market.
To arrange a viewing or for further information, please contact the sales team at Reeds Rains City Living Sheffield.
Auctioneer comments
This property is for sale by the Modern Method of Auction, meaning the buyer and seller are to Complete within 56 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.