45 Wake Road, Nether Edge, Sheffield, South Yorkshire, S7 1HF

Description

Register - auctionhouse.co.uk/southyorkshire FOR SALE VIA NATIONAL ONLINE AUCTION. BIDDING OPENS ON MONDAY 7TH SEPTEMBER AT 1PM AND CLOSES TUESDAY 8TH SEPTEMBER FROM 1PM. REGISTER TO BID! Auction House South Yorkshire would like to present this three bedroom terrace house located in Nether Edge, Sheffield and offered to the market via online auction. This property is currently let out at £850pcm but is on a rolling monthly basis, therefore rent could either be increased or the property be made vacant upon the new owners request. Located in a sought after part of Sheffield close to amenities, transport links, parks, and schools. EPC Rating D Council Tax Band A Leasehold (500 year lease) Tenure: Leasehold EPC Rating: D

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 Sheffield, 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

• Review complete building/property condition

• Electrical and heating inspection

• Allow for decoration and repairs where required

• Review service charge and major-works liabilities

Rental & Market Context

HB screening rent is approximately £1,000–£1,350 pcm (£12,000–£16,200 pa). Replace this with current local letting evidence. The source also indicates published income of about £10,200 pa, which should be verified against tenancy documents.

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 £162,000–£187,500 against purchase + works of approximately £210,000–£224,000. Actual refinance depends on valuation, works, finance costs, rental stress testing and lender criteria.

Flip Analysis

The initial gross value spread is approximately £-8,000–£40,000 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

• Confirm lease term, ground rent, service charge and major works

Recommendation

Initial recommendation: Buy-to-Let. 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

• Buy-to-Let: ★★★★☆

• BRRR: ★★★☆☆

• Flip: ★★★☆☆