Reeds Rains says ..

Property Oracle says ..

This property is a studio apartment located on Edward Street in Walkley, Sheffield. The apartment appears to be in satisfactory condition, suitable for a student or young professional, or as a rental investment. Its proximity to Sheffield’s universities and good local schools is a positive factor. The apartment itself is small (301 sq ft) with an open-plan layout, basic facilities including a kitchenette and bathroom. The included pictures illustrate a simple and functional studio. Noteworthy is the fact there is no outdoor space allocated directly to this property. However, it appears to have access to a shared communal courtyard.

The price of £70,000 is relatively average, although other properties on Edward Street show a large variance in pricing, this could be due to numerous factors, and therefore no conclusive assumption can be made. While the lack of outdoor space is a drawback, the apartment’s location and condition make it potentially suitable for both owner-occupiers and investors. Overall, this represents a fairly typical studio apartment in a popular student area. Due to a lack of information, it’s impossible to give a definitive opinion on the price per sq ft.

Further research into specific rental yields and comparable sales in the immediate vicinity would be necessary to offer a more thorough and informed assessment of the property’s value.

Therefore, we give this property 5 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

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