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£40,000
Asking price

1 bed flat for sale Sovereign House, Queen Street, S1

1 bed 1 bath Flat
Leasehold

Added on 16/09/2026

About this property

Hunters Hillsborough present a fantastic investment opportunity to purchase a first floor one bedroomed apartment in the popular Sovereign House development, renowned for offering investors a strong rental income. The current rental income is £190 per week managed via Xenia Lettings who are contracted to the property until 2027. This luxury accommodation welcomes students and young professionals and is fully furnished throughout with a double bed, dining room table and chairs, sofa and desk included.

Key features

  • INVESTMENT OPPORTUNITY
  • STUDENTS AND YOUNG PROFESSIONALS WELCOME
  • ONE BEDROOMED APARTMENT
  • FULLY MANAGED SERVICE CONTRACTED TO 2027
  • EXCELLENT RESIDENT FACILITIES
  • GYM, CINEMA ROOM AND COMMUNAL LOUNGE
  • IN THE HEART OF SHEFFIELD CITY CENTRE
  • EPC RATING D

Floorplan

Location

Sovereign House, Queen Street, S1, S1 2FP

Council tax
Band D (Approx £2,510/year)

Mortgage and stamp duty

Property price £40,000
£20k £60k
Deposit10% £4,000
£0 £40k
Interest rate 4.5%
0.5% 15%
Repayment period 25 years
5 years 40 years

A £36,000 mortgage. Most lenders would want a household income of about £8,000 to support it.

A guide only, for a capital repayment mortgage. The rate you are offered and what you can borrow depend on your circumstances and a full application with a lender or broker. Your home may be repossessed if you do not keep up repayments on your mortgage.

Historic sold prices nearby

HM Land Registry sales in S1 2FP. Floor areas from Energy Performance Certificates where matched.

AddressSoldSizePrice
Apartment 206, Sovereign House, 110, Queen Street Flat / maisonetteNov 2024£39,500
Apartment 309, Sovereign House, 110, Queen Street Flat / maisonetteOct 2024£39,000
Apartment 002, Sovereign House, 110, Queen Street Flat / maisonetteOct 2022215 sq ft £218/sq ft£47,000
Apartment 111, Sovereign House, 110, Queen Street Flat / maisonetteFeb 2022£60,000
Apartment 010, Sovereign House, 110, Queen Street Flat / maisonetteJan 2022215 sq ft £232/sq ft£50,000
Apartment 210, Sovereign House, 110, Queen Street Flat / maisonetteOct 2021£41,500
Apartment 003, Sovereign House, 110, Queen Street Flat / maisonetteDec 2020£40,000
Apartment 017, Sovereign House, 110, Queen Street Flat / maisonetteJul 2020£45,000

All sold prices in Sheffield →

Area insights

The neighbourhood around this property.

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