30 Cuthbert Cooper Place, Sheffield, South Yorkshire, S9 4JS

Description

An excellent opportunity to acquire a well-presented two-bedroom first-floor apartment offering attractive appeal to buy-to-let investors and owner-occupiers. Featuring a bright open-plan living and dining area with patio doors and a Juliette balcony, a modern fitted kitchen, two well-proportioned bedrooms, and a spacious bathroom. Situated in a popular residential location close to local amenities, transport links and green spaces, the property presents an ideal low-maintenance investment with strong tenant demand and excellent rental prospects for cash purchasers looking to expand their rental portfolio.

Accommodation

Ground Floor: Communal Entrance. First Floor Apartment: Entrance Hallway, Open Plan Living Kitchen Area, Two Bedrooms and Bathroom.

Location

Situated in a popular residential location close to local amenities, transport links and green spaces.

Tenure / Property Information

Investment Analysis

Five same-development leasehold flat sales range from £41,500 to £88,000, with the two most recent sales at £51,000 and £57,000. The £88,000 sale is materially higher than the other evidence and its specification is not supplied. A base GDV of £55,000 is therefore used, with low and high scenarios reflecting the observed comparable range. The £850 pcm figure is an advertised asking rent, not an achieved rent. The £1,900.09 annual service charge and £160 ground rent materially affect net investment returns.

Investment Snapshot

Strategy Recommendation

Potential cash-purchase BTL, subject to verifying the £850 pcm rent, service-charge position, lease documents, condition and total auction costs. Do not rely on the base-case flip margin.

Works Required

No specific defects or refurbishment works are evidenced and the apartment is described as well-presented. Allowance is therefore £0 for identified works only; condition, communal areas, fixtures and compliance should be inspected before bidding.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

Using the £55,000 base GDV, 75% refinancing equates to approximately £41,250. Against the £49,000 guide and £1,800 administration charge, indicative cash left in is approximately £9,550 before finance, tax and any unquantified works or seller charges. The high service charge and leasehold structure should be confirmed with the lender and managing agent. No maximum bid is set because finance terms, works and potentially applicable seller charges are not supplied.

Buy-to-Let Analysis

At the advertised £850 pcm rent, gross rent is £10,200 per year and the gross yield is approximately 20.82% on the £49,000 guide. Including the £1,800 buyer administration charge, the yield is approximately 20.08% before service charge, ground rent, finance, maintenance, voids and management. After the stated £2,060.09 annual service charge and ground rent, rent before other operating costs is approximately £8,139.91 per year. The advertised rent must be verified and is not a passing rent.

Flip Analysis

At the base GDV, the difference between £55,000 GDV and the £50,800 guide-plus-known-administration-cost basis is approximately £4,200 before selling costs, finance, tax, works and any seller charges. The comparable range is wide, and no supported selling allowance is available, so a reliable flip surplus cannot be established.

Investor Risks & Due Diligence

• The £850 pcm rent is an advertised asking rent rather than achieved or passing rent.

• The annual service charge is £1,900.09, in addition to £160 annual ground rent.

• The lease is stated to have 105 years remaining as of the auction date; lease terms and lender acceptability should be checked.

• Completed comparable sales range widely from £41,500 to £88,000, with insufficient specification detail to explain the spread.

• The £1,800 administration charge is known, but additional seller charges may apply under the special conditions.

• No inspection evidence or quantified refurbishment budget is supplied.

• Gross yields exclude finance, maintenance, voids, management, tax and other operating costs.

Recommendation

Potential cash-purchase BTL, subject to verifying the £850 pcm rent, service-charge position, lease documents, condition and total auction costs. Do not rely on the base-case flip margin.

Strategy Rating

Analysis Confidence

There are five same-development completed sales and one advertised rental listing, but the comparable specifications, achieved rent, inspection evidence, finance terms and possible seller charges are not supplied.