38 Hawthorn Road, Sheffield, South Yorkshire, S6 4LH

Description

An excellent opportunity to acquire this three-bedroom detached property in an established residential area of Sheffield, offering spacious accommodation across two floors, a driveway, attached garage and enclosed rear garden. The property requires refurbishment and modernisation, particularly to the kitchen and bathroom, and offers scope for improvement and value enhancement. Extended completion timescales are available, and mortgage buyers are welcome by prior agreement with the auctioneer.

Accommodation

Approximately 878 sq. ft. (81.5 sq. m.) comprising an entrance hallway, lounge/dining room measuring approximately 22'6" in length, separate fitted kitchen with access to the rear, three first-floor bedrooms including two double bedrooms and one single bedroom, family bathroom and storage cupboard.

Location

Situated within the popular S6 postcode area of Sheffield, conveniently positioned for local shops, schools, amenities and transport connections. Sheffield city centre, Hillsborough and surrounding areas are accessible.

Tenure / Property Information

Investment Analysis

The only supplied completed sale is 48A Hawthorn Road at £247,500 in April 2016. This is historic and insufficient to establish a current GDV. The £200,000–£240,000 auction guide provides an indication of pricing but is not a valuation. Current comparable evidence, condition costs and a reliable current market value are unavailable.

Investment Snapshot

Strategy Recommendation

Proceed only subject to inspection, legal-pack review, a current valuation and a fully costed refurbishment schedule. On the evidence supplied, retain a conservative bid discipline around the lower guide rather than relying on a BRRR or flip outcome.

Works Required

Refurbishment and modernisation focused particularly on the kitchen and bathroom, together with any general works identified by survey. No further defects or quantified works are evidenced.

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 current GDV, refurbishment costs and refinance valuation are unsupported. The historic £247,500 comparable cannot be treated as a current refinance value. The known £3,600 admin charge and other possible legal, search, transfer and seller-cost reimbursements would also need to be included once confirmed.

Buy-to-Let Analysis

Using the supplied £890 pcm advertised Sheffield rent and the lower £200,000 guide, gross rent is £10,680 per annum and the gross yield is approximately 5.34% before finance, management, maintenance, voids, insurance and tax. The rental evidence is limited and inconsistent, with another Sheffield listing at £4,000 pcm that is not sufficiently reliable for underwriting. No passing rent is evidenced.

Flip Analysis

A flip appraisal cannot be established because there is no current GDV, quantified refurbishment budget or supported selling-cost allowance. The 2016 £247,500 sale is too historic to support a current resale assumption.

Investor Risks & Due Diligence

• Current GDV is unsupported; the only comparable dates from 2016.

• Refurbishment scope is described but no cost allowance is supplied.

• Rental evidence consists only of advertised asking rents and is inconsistent.

• The £3,600 admin charge is known, while further legal, search, transfer and other disbursements may apply.

• EPC status is only recorded as ordered.

• Vacant possession means no passing rental income is evidenced.

Recommendation

Proceed only subject to inspection, legal-pack review, a current valuation and a fully costed refurbishment schedule. On the evidence supplied, retain a conservative bid discipline around the lower guide rather than relying on a BRRR or flip outcome.

Strategy Rating

Analysis Confidence

The property description, tenure, occupancy, guide, known admin charge and one historic comparable are supplied, but current valuation evidence, refurbishment costs, EPC, passing rent and complete auction fees are unavailable. Rental evidence is also inconsistent and advertised only.