36 Millmount Road, Sheffield, South Yorkshire

Description

Ideal renovation and investment opportunity. A traditional bay-windowed semi-detached property in the sought-after area of Meersbrook, Sheffield, requiring full modernisation throughout and offering excellent potential for investors and developers. Currently in poor condition with visible disrepair, the property presents an opportunity to refurbish and add value in a popular location close to amenities, parks and transport links.

Accommodation

Ground Floor: Entrance, Kitchen, Dining Room and Lounge. Lower Ground Floor: Cellar. First Floor: Landing, Two Bedrooms and Bathroom. Second Floor: Attic Room. External: Yard to the Rear. The property also has side access and a rear garden.

Location

Sought-after area of Meersbrook, Sheffield, close to amenities, parks and transport links.

Tenure / Property Information

Investment Analysis

Recent same-road completed sales were £300,000 at 11 Millmount Road and £311,000 at 29 Millmount Road. Older same-road sales ranged from £215,000 to £474,000, but bedroom count, size and condition are not supplied. A cautious base GDV of £311,000 is used, with £300,000 low and £445,000 high scenarios based on the supplied evidence. The subject's poor condition and full-modernisation requirement create material uncertainty.

Investment Snapshot

Strategy Recommendation

Proceed only subject to a detailed viewing, building survey, refurbishment quotations and review of the legal pack and special conditions. The evidence does not support a reliable bid ceiling or confirmed investment return.

Works Required

Full modernisation throughout as described, including addressing visible disrepair and upgrading the kitchen, bathroom, finishes and services where required. EPC F indicates energy-performance improvement may also be needed. The precise scope and cost require survey and contractor quotations.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

The supplied evidence supports a potential buy-refurbish-refinance concept, but refurbishment cost, rent, finance costs and purchase price are not sufficiently established. At the base GDV, 75% refinance is £233,250; cash left in cannot be calculated without a supported total project cost.

Buy-to-Let Analysis

No sufficiently specific rental comparable or auctioneer rent estimate is supplied, so rent and gross yield cannot be established. The property is vacant and requires full modernisation, with EPC F adding further uncertainty for a rental strategy.

Flip Analysis

Same-road completed sales provide a broad GDV indication, with a cautious base of £311,000. A flip surplus cannot be calculated because refurbishment costs, purchase price beyond the guide, seller fees and selling costs are not supplied.

Investor Risks & Due Diligence

• Full modernisation and visible disrepair may create substantial and currently unquantified refurbishment costs.

• EPC F indicates poor energy performance and potential upgrade requirements.

• No sufficiently specific rental evidence or auctioneer rent estimate is available.

• Seller fees may be payable on completion but are not disclosed in the supplied evidence.

• Parking and heating details require confirmation from the auction centre.

• The comparable sales vary materially in price and lack supplied size, bedroom and condition detail.

Recommendation

Proceed only subject to a detailed viewing, building survey, refurbishment quotations and review of the legal pack and special conditions. The evidence does not support a reliable bid ceiling or confirmed investment return.

Strategy Rating

Analysis Confidence

There are several same-road completed sales, but no floor area, comparable condition details, rental evidence, refurbishment budget, parking/heating information or full fee schedule.