34 Bard Street, Sheffield, South Yorkshire

Description

Offered for sale by auction, this well presented one bedroom first floor apartment is conveniently located just outside Sheffield city centre and benefits from off road parking.

Accommodation

Bright lounge/diner, separate kitchen, good sized bedroom, bathroom and a useful utility/store room providing additional storage space.

Location

Situated on Bard Street, the property is well placed for access to Sheffield city centre, with a range of local amenities, public transport links, universities and hospitals all within easy reach.

Tenure / Property Information

Investment Analysis

Five sold leasehold flat/maisonette comparables are provided on Bard Street, ranging from £80,000 in 2021 to £110,000–£120,000 in 2022–2024. The two most recent sales were £110,000 and £120,000, but the evidence does not confirm their bedroom count, size, condition or exact comparability. A cautious evidence-based base GDV of £115,000 is used, with £110,000–£120,000 as the supported range.

Investment Snapshot

Strategy Recommendation

Treat as a potentially attractive low-guide acquisition for resale or rental investigation, but do not commit without reviewing the legal pack, confirming lease terms and obtaining reliable rent and cost evidence. The apparent discount to local sold prices is not sufficient on its own to establish a viable strategy.

Works Required

The apartment is described as well presented, with no specific defects or refurbishment requirements evidenced. Allow for inspection, routine compliance checks and any works identified during due diligence, but no refurbishment allowance can be quantified from the supplied information.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

At the £115,000 base GDV, 75% refinancing equates to £86,250. However, total project cost and cash left in cannot be calculated because the eventual purchase price, refurbishment cost, lease costs and additional legal-pack charges are unknown. Lease terms must be verified before relying on refinanceability.

Buy-to-Let Analysis

BTL viability cannot be established because no sufficiently specific rental comparable or auctioneer rent estimate is provided. The property has one bedroom, off-road parking and access to Sheffield city centre, but achievable rent, service charges, ground rent, lease length and other lease costs are unknown. The known admin charge is £3,600, with further possible legal-pack charges.

Flip Analysis

The supplied comparables support a broad £110,000–£120,000 GDV range, with £115,000 used as base GDV. A flip surplus cannot be calculated because the purchase price, works, acquisition costs beyond the known £3,600 admin charge, legal-pack charges and selling costs are not fully evidenced.

Investor Risks & Due Diligence

• Lease length, ground rent, service charge and other lease obligations are not supplied.

• The legal pack may contain additional Search Fees, seller-cost reimbursements, legal fees, transfer fees or other charges.

• No sufficiently specific rental evidence or passing rent is available.

• The sold comparables are not confirmed as matching the apartment's bedroom count, size or condition.

• The eventual auction purchase price may be materially above the guide range.

• No quantified refurbishment or inspection evidence is provided.

Recommendation

Treat as a potentially attractive low-guide acquisition for resale or rental investigation, but do not commit without reviewing the legal pack, confirming lease terms and obtaining reliable rent and cost evidence. The apparent discount to local sold prices is not sufficient on its own to establish a viable strategy.

Strategy Rating

Analysis Confidence

There are several same-street completed sales and a clear property description, but the comparables are not confirmed as one-bedroom units and key evidence is absent on rent, lease terms, service charges, condition, purchase outcome and additional costs.