29 and 29a Rawmarsh Hill Parkgate, Rotherham, South Yorkshire, S62 6DP

Description

An excellent opportunity for investors and landlords to acquire a substantial freehold property comprising two self-contained, two-bedroom apartments, both currently let to well-established tenants and generating an immediate rental income. Both apartments have been well looked after by their respective tenants, with rental payments fully up to date and no outstanding rent arrears. The property offers an attractive investment opportunity with two established tenancies and a history of rental payments being maintained.

Accommodation

Each apartment comprises a living room, fitted kitchen, two bedrooms and bathroom facilities. The property also benefits from an enclosed, low-maintenance paved rear garden.

Location

Conveniently situated in Parkgate, within easy reach of local amenities, Parkgate Shopping Park, Rotherham town centre and transport connections towards Sheffield and the surrounding areas.

Tenure / Property Information

Investment Analysis

The property comprises two self-contained two-bedroom apartments with established tenants and combined passing rent of £650 pcm. The supplied sold comparables are in the same postcode but are not sufficiently specific or recent to establish a reliable GDV for this exact two-apartment freehold investment. GDV is therefore unsupported. At the £60,000–£80,000 guide range, the supported gross rent yield is approximately 13.00%–9.75% before costs. The £3,600 buyer administration charge is known, while other possible charges are unspecified.

Investment Snapshot

Strategy Recommendation

Consider as a cash-flow-focused buy-to-let only if due diligence confirms the tenancy documentation, legal title and total acquisition costs. Do not underwrite on a BRRR or flip basis without a reliable valuation and cost schedule.

Works Required

No specific refurbishment works are evidenced. The apartments are described as well looked after, with gas central heating, fitted kitchens, bathroom facilities and a low-maintenance paved rear garden. Allowance should be made for routine maintenance only, but no numeric works budget is supported.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

A BRRR assessment cannot be completed reliably because the property's GDV, refurbishment budget, finance costs and refinance valuation are unsupported. The existing tenancies provide immediate income, but the evidence does not establish sufficient post-refinance equity or cash extraction.

Buy-to-Let Analysis

The two established tenancies provide supported passing income of £7,800 per annum, with no reported arrears. Gross yield is approximately 13.00% at the £60,000 guide and 9.75% at £80,000, before the £3,600 administration charge and other possible costs. Net yield cannot be established because operating expenses, insurance, maintenance, management costs and other charges are not supplied. Tenancy terms and review details are also not provided.

Flip Analysis

A flip appraisal is not supported. No refurbishment requirement, reliable exact-property GDV or selling-cost allowance is supplied. The dated and non-specific comparables should not be treated as a firm resale valuation.

Investor Risks & Due Diligence

• The supplied sold comparables are dated and not sufficiently specific to establish a reliable GDV for this two-apartment property.

• The £3,600 buyer administration charge reduces returns, and further search, seller, legal and transfer charges may apply but are not quantified.

• Tenancy agreements, deposit information, expiry dates and rent review provisions are not supplied.

• Operating costs and net rental yield cannot be calculated from the evidence.

• Both apartments are occupied, so vacant possession and access for inspection may require tenant coordination.

• EPC rating is D; no improvement requirements or associated costs are supplied.

Recommendation

Consider as a cash-flow-focused buy-to-let only if due diligence confirms the tenancy documentation, legal title and total acquisition costs. Do not underwrite on a BRRR or flip basis without a reliable valuation and cost schedule.

Strategy Rating

Analysis Confidence

Passing rent, tenure, occupancy, guide range and buyer administration charge are supplied, but exact-property valuation evidence, works budget, tenancy details, operating costs and other auction charges are incomplete.