• NO ONWARD CHAIN - TENANTED INVESTMENT +
• VIEWINGS AVAILABLE NOW +
• RENTAL INCOME OF £900 PCM +
• FOR SALE VIA MODERN OF AUCTION. +
• COUNCIL TAX - B +
• TWO BEDROOMED GROUND FLOOR APARTMENT +
• ELECTRIC HEATING THROUGHOUT +
• BRAND NEW CONVERSION +
• UNBEATABLE LOCATION +

Introducing 56 Bank Street, Sheffield: A Stunning 2-Bedroom Ground Floor Apartment in a Newly Converted Old Court House

Starting bid: £140,000

A Large 2-Bedroom Apartment (74 sqm) in a Fully Redeveloped Historic Court House

An excellent opportunity to acquire a spacious two-bedroom ground floor apartment set within a beautifully converted former court house in the heart of Sheffield City Centre.

This characterful building was fully redeveloped in 2021 and completed in 2023, blending historic architecture with high-quality modern interiors. The apartment offers generous proportions (approximately 63.3 sqm), high ceilings, large windows, and contemporary finishes throughout.

Investment Highlights

Tenanted Investment – £900 PCM Income.
Previous Rent Achieved £1,050 PCM
Potential Gross Yield up to 9%
Long lease – 250 years
10-year New home warranty until May 2033

The Property

The apartment offers a spacious open-plan living, dining and kitchen area, ideal for modern city living. The contemporary kitchen includes integrated appliances such as fridge/freezer, dishwasher, oven, hob and washing machine.

There are two well-proportioned double bedrooms and a stylish bathroom with modern fixtures and fittings. Secure entry provides peace of mind for residents.

Location

Situated on Bank Street in the very heart of Sheffield, the property is within walking distance of:

Sheffield Cathedral
Fargate & City Centre Retail
Sheffield Hallam University
The University of Sheffield
Sheffield Train Station
Bars, restaurants and business district.

This prime location ensures strong and consistent rental demand from professionals and students alike.

EPC D
Council Tax- B

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.