40 Fieldhead Road, Sheffield, South Yorkshire, S8 0ZX

Description

Two double bedroom apartment in Sheffield, comprising a kitchen leading to a spacious hallway with a large storage cupboard, a bathroom, two double bedrooms, and a lounge with access to the outdoor space. The property is well maintained and presentable throughout and is sold with vacant possession, including the washer dryer, fridge freezer and cooker.

Accommodation

Kitchen, spacious hallway with large storage cupboard, bathroom, two double bedrooms and lounge with access to the outdoor space.

Location

Close to amenities, cafes, shops and restaurants on the nearby London or Abbeydale Road, and a short distance from Sheffield City Centre with excellent transport links.

Tenure / Property Information

Investment Analysis

Evidence supports a broad value range. The nearest recent sales are £87,250 at 3 Fieldhead Road on 29 May 2026 and £145,000 at 44A Fieldhead Road on 9 April 2026. Other Fieldhead Road sales were £125,000 in 2022. A base GDV of £125,000 is reasonable as an evidence-led estimate, with £87,250 as a low case and £145,000 as a high case. The property’s exact condition relative to the comparables is not evidenced.

Investment Snapshot

Strategy Recommendation

Prioritise a BTL or long-term hold only if the £850 pcm market rent is confirmed, lease documents are satisfactory and total auction costs remain acceptable. Do not rely on the £1,100 pcm estimate or pursue a flip without further cost and valuation evidence.

Works Required

No specific refurbishment works are evidenced: the apartment is described as well maintained and presentable. Allow for inspection, cleaning and any minor maintenance only after viewing; no reliable works budget can be calculated from the supplied evidence.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

Using the £125,000 base GDV, 75% refinancing would be approximately £93,750. However, the refurbishment budget, total acquisition cost and additional auction costs are not sufficiently evidenced, so cash left in and equity cannot be reliably calculated. The property appears more suited to a straightforward income purchase than a refurbishment-led BRRR project.

Buy-to-Let Analysis

At the £100,000 guide, the lower advertised rent of £850 pcm produces £10,200 annual rent and a 10.2% gross yield before service charge, ground rent, management, maintenance, finance, tax and voids. The £1,100 pcm auctioneer estimate would produce a 13.2% gross yield, but it is only an estimate. The £56.32 monthly service charge and £75 annual ground rent further reduce net returns. BTL appears potentially attractive, subject to confirming achievable rent and all auction and leasehold costs.

Flip Analysis

A £125,000 base GDV compared with the £100,000 guide indicates apparent headroom, but the £3,600 administration charge, unspecified additional charges, finance, tax, selling costs and any works are not fully quantified. A reliable flip surplus cannot therefore be calculated.

Maximum Bid Indicator

This is an HB screening estimate based on the supplied evidence and HB assumptions. It is not a formal valuation or instruction to bid.

Investor Risks & Due Diligence

• Advertised rents are asking rents and the £1,100 pcm figure is an auctioneer estimate, not confirmed passing rent.

• The £3,600 administration charge is known, but further search, seller, legal and transfer charges may apply and are unspecified.

• The £56.32 monthly service charge and £75 annual ground rent reduce net rental returns.

• Completed sales show a wide same-road value range from £87,250 to £145,000.

• No EPC, heating or parking information is supplied.

• The property is leasehold, so lease terms, restrictions and service-charge history should be verified before bidding.

Recommendation

Prioritise a BTL or long-term hold only if the £850 pcm market rent is confirmed, lease documents are satisfactory and total auction costs remain acceptable. Do not rely on the £1,100 pcm estimate or pursue a flip without further cost and valuation evidence.

Strategy Rating

Analysis Confidence

There are recent same-road completed sales, advertised rents, an auctioneer rent estimate and clear lease terms, but condition-specific comparability, EPC, heating, parking, full auction costs, refurbishment costs and achieved rent are not supplied.