25 Nether Avenue, Grenoside, Sheffield, South Yorkshire S35 8PW

Description

Description A 3 bedroom detached bungalow with driveway and gardens, located in the sought after village of Grenoside, to the north of Sheffield. Being well placed for local facilities, the M1 at junctions 35 & 36 as well as outstanding open countryside, including nearby Greno Woods.

The bungalow offers well appointed and extended accommodation that has potential for own occupation or reletting and is attractively priced to ensure sale.

Accommodation Ground Floor Entrance Hall Sitting Room Kitchen Rear entrance with Meter Cupboard/ Store Bedroom 1 with ensuite Shower Room and built in wardrobe Bedrooms 2 & 3 Bathroom/WC Outside Side driveway with garden areas to the front and rear. Tenure Freehold

Investment Analysis

Investment Snapshot

Underwriting basis. This is an indicative desktop appraisal. GDV is an estimated post-works/open-market value, not a guaranteed valuation. Comparable research is widened from the same street/postcode to the surrounding market up to approximately five miles where necessary.

Market Comparables

• 1 Nether Avenue – 4-bed semi – sold Jan 2026 £380,000

• 30 Nether Avenue – 3-bed semi – sold Mar 2025 £237,500

• 21 Nether Avenue – 3-bed semi – sold Jan 2025 £237,500

HB estimated GDV: £239,000 low / £260,000 base / £281,000 high. The range reflects comparable quality, condition and the fact that auction stock can trade below normal owner-occupier market value.

Proposed Works

The allowance follows the auction description/visible condition and investor-standard refurbishment scope. It is not a structural survey or contractor quotation.

Rental Value

Working market rent is approximately £1,679 pcm (£20,150 pa). For scenario testing, use roughly £1,545 / £1,679 / £1,814 pcm for low/base/high cases. This is an indicative market-rent estimate and should be read alongside any passing tenancy stated by the auctioneer.

Low / Base / High Investment Scenario

Buy-to-Let

Base rent £1,679 pcm gives 9.0% gross yield on guide and 8.5% on guide plus midpoint works. These are gross yields before voids, repairs, management, insurance and finance.

BRRR Analysis

Guide £225,000 + midpoint works £13,250 + auction fee allowance £4,050 + legal/valuation £1,500 + indicative six-month bridge/arrangement cost £10,238 + holding allowance £1,500 gives a pre-SDLT all-in cost of approximately £255,538. At base GDV £260,000, a 75% refinance is £195,000, leaving approximately £60,538 capital in before SDLT. Low/high refinance outcomes are £179,250 / £210,750.

Flip Analysis

Using base GDV £260,000, pre-SDLT all-in cost £255,538 and selling/legal allowance £4,492, indicative pre-tax/pre-SDLT flip surplus is £-30. That is approximately -0.0% profit on cost and -0.0% of GDV. A 5% sale-price reduction and 15% works overrun should be stress-tested before bidding.

Maximum Bid Indicator

For an indicative 15% pre-tax profit-on-cost target before SDLT, the desktop purchase ceiling is approximately £197,164. This is a screening figure, not a formal valuation or bidding recommendation.

Strategy Rating

Buy-to-Let: ★★★★☆ | BRRR: ★★★★☆ | Flip: ★★☆☆☆

Key Risks

Confirm legal title/tenure, occupancy, planning/licensing, service charge/ground rent where relevant, structural condition, utilities, abnormal works and finance terms. Market comparables are indicative and should be refreshed immediately before bidding.