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Studio flat for sale
Apartment 505, Pearl Works, 2 Howard Lane, Sheffield, South Yorkshire S1 2FT
£30,000
Apartment 505, Pearl Works, 2 Howard Lane, Sheffield, South Yorkshire S1 2FT
£30,000
Our Summary
- For sale on 29 May 2025 Our national property auction will be broadcast online with live auctioneers
- To bid by proxy, online, or by phone, please submit your registration form no later than 5pm the day before the auction
- The auction will commence at 09:00
- A superb investment opportunity comprising of a studio flat in a purpose built student block in the heart of Sheffield
- The apartment is offered fully let and is a hands off investment opportunity with full management in place
- Terms: Auction Details: The sale of this property will take place on the stated date by way of Auction Event and is being sold under an Unconditional sale type
- Auction Deposit and Fees: The following deposits and non- refundable auctioneers fees apply: • 5% deposit (subject to a minimum of £5,000) • Buyers Fee of 4
- Additional Information: For full details about all auction methods and sale types please refer to the Auction Conduct Guide which can be viewed on the SDL Property Auctions home page
- This guide includes details on the auction registration process, your payment obligations and how to view the Legal Pack (and any applicable Home Report for residential Scottish properties)
- Auction: 29
- Investment Opportunity
Description
A studio flat in a purpose-built student block in the heart of Sheffield is being sold at auction, with the auction taking place online with live auctioneers. The apartment is fully let and offers a hands-off investment opportunity with full management in place. The property benefits from modern amenities, including CCTV, secure video entry, a lift, and high-speed internet. The apartment has an open-plan lounge/bedroom/kitchen and en-suite shower room, and the sale includes a furniture package. The rental income is £675 per month, with a net income of £3,660 per annum, providing a yield of over 10%. The property is situated near Sheffield Hallam University and is within walking distance to the city center, shops, bars, and restaurants. The sale is subject to SDL Property Auctions' terms and conditions, including a 5% deposit and a buyer's fee of 4.8% of the purchase price.