Queen Street, South Yorkshire S1

Property Details: - Type: Apartment - Bedrooms: 1 - Bathrooms: 1

Agent: Reeds Rains - Sheffield Phone: 0114 488 5068

Modern Studio Apartment – Strong Investment in a Proven Development<br/><br/>Open for Bidding Now<br/><br/>Located within the well-established Sovereign House development in Sheffield, the apartment offers a well-designed studio on the lower ground floor, ideal for both students and professionals seeking practical, modern living close to the heart of the city. The apartment is currently vacant, giving purchasers complete flexibility whether buying for a family member, adding to a rental portfolio, or preparing it for immediate tenancy.<br/><br/>The studio has been thoughtfully arranged to maximise space and functionality. Its open-plan layout creates a comfortable living environment where the kitchen, sleeping area, and workspace blend seamlessly. An accessible wet-room style shower adds further convenience, while electric heating keeps the space cosy all year round.<br/><br/>Property Highlights<br/><br/>Premium double studio with open-plan living, kitchen, bedroom zone and desk area<br/><br/>Lower ground floor location in a secure, purpose-built development<br/><br/>Accessible wet-room shower room offering easy maintenance<br/><br/>Electric heating throughout<br/><br/>Currently vacant, offering immediate occupation or tenant placement<br/><br/>Rental & Investment Potential<br/><br/>This apartment represents an attractive and low-maintenance investment opportunity. With a rental income potential of £140 per week, investors can expect strong demand and a stable return. The location appeals equally to students from both major Sheffield universities and young professionals working across the city, ensuring reliable year-round occupancy.<br/><br/>The development is let and managed by Xenia Estates, providing organised oversight and smooth operations; however, buyers are entirely free to manage or let the property independently if preferred.<br/><br/>Development Benefits & Amenities<br/><br/>Sovereign House is known for its consistency, strong occupancy levels, and well-maintained communal spaces. The building offers:<br/><br/>Secure entry systems for resident safety<br/><br/>Professional on-site management presence via Xenia Estates<br/><br/>Communal areas designed for study, work, or relaxation<br/><br/>Convenient location, close to public transport, shops, nightlife, cafés, and university campuses<br/><br/>Why This is a Great Investment<br/><br/>This apartment combines affordability, flexibility, and proven rental performance. Its location in the heart of Sheffield, paired with the demand from students and professionals, makes it an ideal choice for new or experienced landlords. The ability to use the property for a family member especially a student starting university adds further value and practicality.<br/><br/>Strong rental history within the block<br/><br/>High demand from two major tenant markets<br/><br/>Low-running costs and minimal upkeep<br/><br/>Vacant and ready for immediate use<br/><br/>Flexible management options — use Xenia or manage yourself<br/><br/>Open for Bidding Now<br/><br/>Sovereign House offers an excellent opportunity to secure a modern studio apartment within a thriving development in a highly sought-after part of the city.<br/><br/>* Auction Terms *<br/>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).<br/>If considering buying with a mortgage, inspect and consider the property carefully with your lender before bidding.<br/>A Buyer Information Pack is provided. The winning bidder will pay £349.00 including VAT for this pack which you must view before bidding.<br/>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.<br/>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.<br/><br/><br/> <b>IMPORTANT NOTE TO POTENTIAL PURCHASERS & TENANTS:</b> 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. <br/><br/>SCI250470/2