16 Smelter Wood Way, Sheffield, South Yorkshire, S13 8RT

Description

An excellent opportunity to acquire a spacious three-bedroom semi-detached property requiring modernisation, with approximately 706 sq. ft. of internal living space, generous gardens, driveway providing off-road parking and a detached garage. The property offers potential for investors, developers and owner-occupiers.

Accommodation

Ground floor: entrance hallway, spacious lounge, fitted kitchen with access to useful storage areas. First floor: three bedrooms, family bathroom and additional built-in storage cupboards. Approximately 706 sq. ft. of internal living space.

Location

Situated within an established residential area of Sheffield, conveniently positioned for local amenities, schools, transport links and access to Sheffield city centre.

Tenure / Property Information

Investment Analysis

Five same-road HM Land Registry comparables sold for £117,000–£165,000 between 2016 and 2019, averaging £137,200. The evidence supports a broad indicative GDV range of £124,000–£165,000, with £137,200 used as the base estimate. Comparables are dated and condition differences are unknown, so this is not a formal valuation.

Investment Snapshot

Strategy Recommendation

Conditional refurbishment-led BTL or owner-occupier purchase only after a full inspection, measured works budget and legal-pack review. The guide-price rent evidence is encouraging, but do not bid without establishing total project cost.

Works Required

Modernisation is required, but the supplied evidence does not identify the specific works or provide cost estimates. Inspect and price the kitchen, bathroom, decoration, flooring, services, external areas, garage and any structural or compliance items before bidding.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

At the guide price, the known purchase price plus the £3,600 administration charge is £103,600 before refurbishment and other charges. A 75% refinance against the £137,200 base GDV would be approximately £102,900, but cash left in cannot be calculated because refurbishment and total acquisition costs are unknown. BRRR viability therefore requires a measured works budget, legal-pack review and lender valuation.

Buy-to-Let Analysis

Advertised three-bedroom rental evidence is £890–£1,100 pcm, giving an indicative gross yield of 10.68%–13.20% against the £100,000 guide price. Using the midpoint asking rent of £995 pcm gives £11,940 annual rent and an 11.94% gross yield. Net yield cannot be established because refurbishment, finance, insurance, maintenance, management and other costs are unavailable. Asking rents are not achieved rents.

Flip Analysis

The base GDV estimate of £137,200 implies a gross spread of £33,600 against the £100,000 guide and the known £3,600 administration charge, before refurbishment, selling costs, finance, tax and other auction charges. A net flip surplus cannot be calculated because works and selling allowances are unsupported.

Investor Risks & Due Diligence

• Modernisation is required, but the scope and cost of works are not supplied.

• Same-road comparable sales are from 2016–2019 and may not reflect current value or the property's condition.

• Rental figures are advertised asking rents rather than achieved rents.

• EPC status is only stated as ordered.

• Additional search, seller, legal, transfer, buyer-premium and disbursement charges may apply under the Special Conditions of Sale.

• No maximum bid can be supported without refurbishment and total-cost information.

Recommendation

Conditional refurbishment-led BTL or owner-occupier purchase only after a full inspection, measured works budget and legal-pack review. The guide-price rent evidence is encouraging, but do not bid without establishing total project cost.

Strategy Rating

Analysis Confidence

Same-road sold evidence and rental asking evidence are available, but the sales are dated, the property's condition and refurbishment scope are unquantified, EPC and occupancy information are incomplete, and additional auction costs are unspecified.