23 Rockingham Court Belgrave Road, Barnsley, South Yorkshire, S71 1HL

Description

An excellent opportunity to acquire a two bedroom apartment situated within Rockingham Court on Belgrave Road, Barnsley. The property offers a fantastic opportunity for both investors and owner occupiers, with scope to add value through refurbishment and modernisation. The apartment is currently in need of refurbishment, making it an ideal project for those looking to put their own stamp on a property or for investors seeking to enhance its rental appeal.

Accommodation

Two bedroom apartment

Location

Located in a popular and convenient area of Barnsley, the property benefits from easy access to a range of local amenities, shops, schools and transport links, with Barnsley town centre also within easy reach. The surrounding area provides a practical

Tenure / Property Information

Investment Analysis

Completed sales within Rockingham Court range from £49,000 to £90,000: £59,950 for No. 15 in April 2025, £90,000 for No. 22 in February 2025, and £49,000–£52,000 for Nos. 8–10 in 2024. The variation may reflect condition and other property-specific factors, which are not supplied. A base GDV of £60,000 is a cautious estimate anchored closely to the most recent £59,950 sale, with an evidence-based range of £49,000–£90,000. Tenure, lease terms, service charges, size and condition detail remain unverified.

Investment Snapshot

Strategy Recommendation

Proceed only after reviewing the legal pack and obtaining a refurbishment quotation. The evidence supports cautious consideration as a refurbishment project, but the unknown lease and costs prevent a firm BTL, BRRR or flip recommendation.

Works Required

Refurbishment and modernisation as described by the auctioneer, with the precise scope and cost to be established from inspection and the legal pack. No specific defects or work items are evidenced.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

At the £45,000 guide plus the known £3,600 administration charge, the identified acquisition cost is £48,600 before any buyer premium, other charges or refurbishment. A 75% refinance against the £60,000 base GDV would be approximately £45,000, which would not cover even the guide price plus the known administration charge, before works and finance costs. BRRR returns therefore appear dependent on buying below guide or achieving a higher supported value, subject to legal-pack review.

Buy-to-Let Analysis

BTL viability cannot be established reliably. The supplied rental evidence is for two-bedroom houses rather than this apartment and ranges from £375 to £750 pcm, so it is not sufficiently comparable to support a property-specific rent or yield. Works, lease terms, service charges and other ownership costs are also unknown.

Flip Analysis

A flip assessment cannot be completed because refurbishment costs, buyer premium, other acquisition costs and selling costs are not supplied. The £60,000 base GDV is only an estimate based on nearby completed sales, with evidence ranging from £49,000 to £90,000. The margin may be limited after refurbishment and transaction costs.

Investor Risks & Due Diligence

• Tenure and lease terms are not supplied and require legal-pack verification.

• Refurbishment scope and cost are unknown.

• Buyer premium is payable if applicable but its amount is not specified.

• Additional search, seller, legal, transfer and disbursement costs may apply.

• Rental evidence is for houses rather than apartments and is not sufficiently comparable to establish rent or yield.

• Completed comparable prices vary materially from £49,000 to £90,000.

• Service charges and other apartment ownership costs are not supplied.

Recommendation

Proceed only after reviewing the legal pack and obtaining a refurbishment quotation. The evidence supports cautious consideration as a refurbishment project, but the unknown lease and costs prevent a firm BTL, BRRR or flip recommendation.

Strategy Rating

Analysis Confidence

There are several relevant completed sales in the same development, but tenure and lease details, condition scope, refurbishment costs, rent, service charges, buyer premium and selling costs are unavailable.