Flat 4, 56
Flat 4, 56
Description & Estimates
Public records show Flat 4, 56, Bank Street, Sheffield to be a modern leasehold apartment with 775 ft2 of internal area.
In this area, apartments of this size normally have 2 bedrooms.
Flat 4, 56, Bank Street, Sheffield has an estimated sale value of £201,029 and an estimated rental value of £1,037 per month, assuming reasonable condition and based on the information available.
The apartment sits within 56, Bank Street, Sheffield, S1.
Bank Street, Sheffield, S1 lies in the borough of Sheffield, within the S1 postal district.
Our Data Sources
Flat 4, 56, Bank Street, Sheffield has a single entry in the Land Registry from May 2023 and a single entry in the EPC database dated April 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
In very good condition, we estimate Flat 4, 56, Bank Street, Sheffield would be worth £211,080, with a potential rental value of £1,089 per month.
If substantial cosmetic improvements are needed, the estimated sale value falls to £186,957, with a rental value of £965 per month.
The extent to which decoration affects a property's value depends on its type, size and location.
Recent Market Change
The estimated sale value of Flat 4, 56, Bank Street, Sheffield has moved down by £1,263 (0.6%) over the last year. During the same period, its estimated monthly rental value has increased by £25 (2.4%). The property's estimated gross yield is currently 6.2%.
Energy Efficiency
Flat 4, 56, Bank Street, Sheffield has an Energy Performance Rating (EPC) of E. This is based on the most recent assessment, dated 13 Apr 2023.
The property is not connected to mains gas and has high performance glazing. It is heated using Room heaters, electric.
Sold Prices
Flat 4, 56, Bank Street, Sheffield last changed hands on 26th May 2023, selling for £220,000. The transaction was logged as a leasehold flat by HM Land Registry.
That is its only recorded sale since 1995.
The market for similar properties has dropped by 13.1% since May 2023.
- Sold May 2023£220,000
Similar Properties Sold Nearby
Land Registry records and our Estate Agent network show 3 sales of comparable properties within 290 metres of Flat 4, 56, Bank Street, Sheffield across the last 2 years.
Most recently, Flat 10, 56, Bank Street, Sheffield, S1 2PH, a leasehold flat, sold at £215,000 on the 19th June 2023.
Read more about house prices in S1.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
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Location Comparison
Our analysis of the public data ranks Flat 4, 56, Bank Street, Sheffield as the 47th largest and the 23rd most expensive of the 95 addresses on Bank Street, Sheffield, S1.
Against the S1 postcode district average, it is £75k more expensive than the typical property.
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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
Sheffield station is the nearest stop to Flat 4, 56, Bank Street, Sheffield at 800 metres away.
- 800mSheffield
- 3.8kmDarnall
- 5.1kmMeadowhall
Risk of Flooding
Environment Agency data suggests this area has a very low risk of flooding.
