Reeds Rains says ..

Property Oracle says ..

The property is a 1-bedroom apartment located on Queen Street in Sheffield City Centre. The location benefits from being close to Sheffield Hallam University (0.73km) and Freeman College (0.81km), making it attractive to students. Several train stations are also within reasonable distance, providing good transport links. The proximity to educational institutions and transport suggests a potentially high demand for rental in this area. However, without knowing the specific plot size and the apartment’s square footage, it’s difficult to comment on the land aspect. The provided images show a modern studio apartment with a small kitchen and bathroom. While the apartment seems to be in good condition, there is evidence of some water damage visible on the ceiling in several images. This could impact the overall condition score. Considering the list price of £36,000 and the average price per sqft of £212 in the area, the property appears to be significantly underpriced compared to the area average. However, the lack of sqft information for this property and the nearby properties makes it difficult to make a definitive statement on value. The average price of properties in the area is £183,127, suggesting that this property may be undervalued, even considering its smaller size and potential need for minor repairs. Nearby comparable properties range from £30,000 to £115,000, further indicating that the price may be reasonable for a studio apartment in this location, but further information is needed to accurately assess the price-to-value ratio.

Therefore, we give this property 7 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

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