Flat 3, 56
Flat 3, 56
Description & Estimates
Flat 3, 56, Bank Street, Sheffield is recorded publicly as a modern leasehold apartment across 775 ft2 of internal area.
Locally, apartments of this size normally have 2 bedrooms.
Our estimate of the sale value of Flat 3, 56, Bank Street, Sheffield is £201,029 and its rental estimate is £1,037 per month, given the available information and assuming reasonable condition.
56, Bank Street is a residential building on Bank Street, Sheffield, S1 and falls within the S1 postal district and the borough of Sheffield.
Our Data Sources
Flat 3, 56, Bank Street, Sheffield has a single entry in the Land Registry from May 2023 and a single entry in the EPC database dated September 2023.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
The local information is scored as 4 out of 5 and is considered of high accuracy.
Price Range & Condition
The condition of a property plays an important role in determining its value, with the degree of impact varying by property type, size and location.
For Flat 3, 56, Bank Street, Sheffield, we estimate a market value of £211,080 and a rental value of £1,089 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £186,957 and £965 per month respectively.
Recent Market Change
Over the last year, Flat 3, 56, Bank Street, Sheffield has seen its estimated sale value fall by £1,263 (0.6%) and its estimated rental value move up by £25 per month (2.4%). This results in an estimated gross rental yield of 6.2%.
Energy Efficiency
Flat 3, 56, Bank Street, Sheffield has an Energy Performance Rating (EPC) of E. This is based on the most recent assessment, dated 19 Sep 2023.
The property is not connected to mains gas and has high performance glazing. It is heated using Room heaters, electric.
Sold Prices
The most recent sale of Flat 3, 56, Bank Street, Sheffield completed on 26th May 2023 at £195,000 and was recorded by HM Land Registry as a leasehold flat.
Since 1995 this is the property's only sale.
Values of comparable properties have dropped by 13.1% over the period since May 2023.
- Sold May 2023£195,000
Similar Properties Sold Nearby
Over the past 2 years 3 properties similar to Flat 3, 56, Bank Street, Sheffield have sold within a radius of 290 metres, per the Land Registry and our network of Estate Agents.
The latest, on the 19th June 2023, was Flat 10, 56, Bank Street, Sheffield, S1 2PH, a leasehold flat which sold for £215,000.
Read more about house prices in S1.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
More reading links
Location Comparison
Of the 95 addresses on Bank Street, Sheffield, S1, Flat 3, 56, Bank Street, Sheffield comes out as the 48th largest and the 24th most expensive in our analysis of the public data.
It is also £75k more expensive than the average property across the S1 district.
More reading links
Schools Nearby
- 900mNetherthorpe Primary School
- 1.0kmPye Bank CofE Primary School
- 1.1kmSpringfield Primary School
- 1.1kmUTC Sheffield City Centre
- 1.5kmAll Saints' Catholic High School
- 2.1kmKing Edward VII School
More reading links
Public Transport Nearby
From Flat 3, 56, Bank Street, Sheffield, the nearest station is Sheffield, 800 metres away.
- 800mSheffield
- 3.8kmDarnall
- 5.1kmMeadowhall
Risk of Flooding
The flood risk here is rated very low, based on Environment Agency data.
