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Ebenezer Street, Shalesmoor, Sheffield, S3 - Image 1
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Ebenezer Street, Shalesmoor, Sheffield, S3 - Image 3
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Ebenezer Street, Shalesmoor, Sheffield, S3 - Image 6

Ebenezer Street, Shalesmoor, Sheffield, S3

Yorkshire

£975,000
Listed on 22/10/2024

Property Details

Bedrooms
N/A
Type
Detached house

Description

Situated on Ebenezer Street, this property offers unique investment opportunities in the sought-after Kelham Island district of Sheffield. Its prime location provides easy access via Shalesmoor (A61), and the nearby Shalesmoor Tram Stop enhances connectivity to the surrounding area. The vibrant Kelham Island neighborhood is known for its mix of restaurants, bars, and coffee shops, making it an appealing spot for potential businesses or future residential developments. The property itself features an industrial unit built with a robust steel portal frame and brick elevations, some of which have been modernized. It includes a roller shutter door alongside a pedestrian entrance for convenient access. Internally, the layout comprises an open-plan warehouse space with an eaves height of 3.5 meters, as well as dedicated areas for reception, offices, restrooms, and storage. The warehouse boasts concrete flooring and cladded elevations with roof lights that invite natural light into the workspace. Externally, the property benefits from a secure private yard and parking capacity for over 15 vehicles at the front, enhancing operational efficiency. The total gross internal area measures approximately 6,026 sq ft (559.8 sq m), sitting on a site of around 0.25 acres. Recent planning developments present significant potential for the site; full planning consent was granted on October 27th, 2023, allowing for the demolition of the existing structure to make way for a new four-storey building featuring 55 residential units alongside ground-floor commercial spaces. For investors or developers looking to capitalize on this progressive area, this presents an outstanding opportunity to contribute to Kelham Island’s evolving landscape. For those considering either leasing or purchasing options, it's important to note that each party will be responsible for their own legal costs in relation to any transaction made concerning this property.

Investment Analysis

(S3 area)
Area Average
£241/sq ft
Avg Rent (weekly)
£183
Avg Yield
7.9%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£150,000 - £300,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
8
Average per month
Market Turnover
5%
Properties sold annually

Local Market Trend (S3)

Area prices are falling by +11.5% over the last 12 months
3 year growth: 3.3%
5 year growth: 47.3%
Investment Disclaimer: Analysis based on S3 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Any renovation cost estimates provided are AI-generated and should be considered indicative only. Renovation costs vary significantly based on property condition and scope of work. Always conduct professional surveys and get multiple quotes before making investment decisions.

Location

Ebenezer Street, Shalesmoor, Sheffield, S3
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£3,572
Based on a loan of £731,250 over 30 years at 4.19% interest

These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.

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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE