1 bed flat for sale

Edward Street, Sheffield, South Yorkshire S3

Stylish Studio Apartment with En-Suite | Tenanted Investment Opportunity
Starting Bid: £35,000 + Fees

Welcome to D2 Aspect, a modern and well-presented studio apartment located within the highly regarded Aspect development on Edward Street, right in the heart of Sheffield. This attractive, purpose-built unit presents an excellent turnkey investment opportunity, currently let and professionally managed by specialist student accommodation provider Student FM.

The apartment offers a well-designed open-plan living space, complete with a dedicated sleeping area, compact kitchenette, and a private en-suite shower room. It’s furnished and finished to a contemporary standard, making it a popular choice for student tenants seeking a clean, secure, and convenient place to live during their studies.

Tenancy Details
The apartment is currently let at £170 per week, generating reliable rental income under a fixed-term agreement running from 1st October 2024 to 30th September 2025. Management is handled entirely by Student FM, meaning this is a truly hands-off investment for the new owner.

With demand for high-quality, city-centre student housing remaining strong, especially in developments like Aspect that offer excellent amenities, this property represents a sound and sustainable addition to any investment portfolio.

On-Site Facilities
Residents of Aspect benefit from a wide range of on-site facilities designed to enhance student life and provide long-term rental appeal. These include:

Secure fob access and 24-hour CCTV monitoring, offering peace of mind for residents and investors alike.

An on-site management and reception team via Student FM, helping with maintenance, queries, and tenant support.

Comfortable communal lounges and study areas, fostering a sense of community among residents.

Convenient laundry facilities and secure cycle storage.

Lift access to all floors, ensuring accessibility throughout the building.

Location Highlights
Edward Street is ideally located for student living, positioned just a short walk from both The University of Sheffield and Sheffield Hallam University, as well as the city centre’s shops, cafes, supermarkets, and transport links. With everything on their doorstep, tenants are drawn to the practicality and lifestyle that the Aspect development provides.

For investors, this strong location ensures high tenant demand, low vacancy rates, and ongoing rental success.

Why Buy D2 Aspect?
This property is ideal for both first-time investors and seasoned landlords seeking a low-maintenance, fully managed asset in a high-demand location. The rental income is already in place, the management is taken care of, and the building is purpose-built for the student market — meaning no refurbishment costs, no headaches, and excellent long-term prospects.

With Sheffield’s growing student population and the city’s ongoing investment in infrastructure and regeneration, properties like this are becoming increasingly desirable for those looking for secure, income-generating opportunities.

Comments from the seller: Any other useful information about the property that we can pass on to buyers (e.g., why you love it)

Fully managed; I do nothing. Over the last 12 years, D02 has returned on average 6.5% and net return on income (and that with the substantially higher purchase price than is now been proposed)

**** auction terms ****

This property is for sale by Modern Method of Auction allowing the buyer and seller to complete within a 56 Day Reservation Period. Interested parties’ personal data will be shared with the Auctioneer (iamsold Ltd).

If considering a mortgage, inspect and consider the property carefully with your lender before bidding. A Buyer Information Pack is provided, which you must view before bidding. The buyer is responsible for the Pack fee. For the most recent information on the Buyer Information Pack fee, please contact the iamsold team.

The buyer signs a Reservation Agreement and makes payment of a Non-Refundable Reservation Fee of 4.5% of the purchase price inc VAT, subject to a minimum of £6,600 inc. VAT. This Fee is paid to reserve the property to the buyer during the Reservation Period and is paid in addition to the purchase price. The Fee is considered within calculations for stamp duty.

Services may be recommended by the Agent/Auctioneer in which they will receive payment from the service provider if the service is taken. Payment varies but will be no more than £960 inc. VAT. These 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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En-Suite Shower Room

Open Plan Studio