45 Rawmarsh Hill Parkgate, Rotherham, South Yorkshire, S62 6DP

Description

An excellent opportunity to acquire this substantial three-bedroom property, offered for sale with vacant possession and providing considerable scope for refurbishment and improvement. The accommodation is generously proportioned throughout and briefly comprises an entrance hall, a spacious open-plan lounge/dining area with feature fireplace, and a fitted kitchen to the ground floor. The property also benefits from access to a cellar, providing useful additional storage space. To the first floor are three bedrooms, a family bathroom and landing area. Externally, the property benefits from an enclosed yard/garden to the rear. The property is now in need of a programme of general modernisation and cosmetic improvement, making it an attractive proposition for investors, developers or owner-occupiers looking to add value. The generous accommodation and three-bedroom layout offer excellent potential for resale or the rental market following refurbishment. Situated on Rawmarsh Hill in Parkgate, the property is conveniently positioned for a range of local shops, amenities and transport connections, with easy access to Rotherham and the surrounding areas. Tenure: Freehold EPC Rating: E

Accommodation

The supplied particulars indicate approximately 3 bedroom accommodation. Room layout, floor areas and dimensions should be confirmed from the auctioneer particulars, floor plan and inspection.

Location

Located in Rotherham, South Yorkshire. Investor due diligence should test local transport, employment, amenities and tenant demand at the exact micro-location. Cross-check the postcode and legal title before bidding.

Investment Analysis

The figures below separate auctioneer/source facts from HB indicative estimates. HB figures are screening assumptions only and are not a RICS valuation, contractor quotation or lending decision.

Investment Snapshot

Strategy Recommendation

The initial strategy should be tested against condition, legal structure, works, rental evidence and comparable values before setting a maximum bid. The screening case depends on achieving a sufficient margin or sustainable income after all acquisition and holding costs.

Works Required

• Kitchen and bathroom modernisation review

• Electrical/heating testing and upgrades

• Decoration and flooring

• Roof, damp and structural inspection

Rental & Market Context

HB screening rent is approximately £400–£500 pcm (£4,800–£6,000 pa). Replace this with current local letting evidence. No reliable current rent was extracted from the supplied source.

Sold within approximately 5 miles

Reliable sold-property comparables were not collected from the supplied scrape. Check recent Land Registry evidence and closely comparable sold listings within approximately five miles, prioritising the same property type, size, tenure and condition.

Potential BRRR Position

Illustrative 75% refinance on the HB indicative value range is about £53,250–£63,750 against purchase + works of approximately £72,000–£85,000. Actual refinance depends on valuation, works, finance costs, rental stress testing and lender criteria.

Flip Analysis

The initial gross value spread is approximately £-14,000–£13,000 before acquisition/disposal costs. This is not profit and excludes SDLT, auction/admin fees, legal costs, finance, holding costs, insurance, utilities, professional fees, selling fees, contingency and tax.

Investor Risks & Due Diligence

• Review legal pack, title and special conditions

• Confirm auction fees and completion period

• Obtain survey and works quotations

• Verify finance before bidding

• Check rental and sold comparable evidence

Recommendation

Initial recommendation: BRRR or Refurbishment & Resale. Proceed only if the legal pack, condition, costs and local evidence support the required margin/yield. Treat the guide as a starting point rather than a valuation and set a disciplined maximum bid after due diligence.

Strategy Rating

• BRRR: ★★★★☆

• Flip: ★★★★☆

• Buy-to-Let: ★★★☆☆