6, Kirkdale Drive, SHEFFIELD, South Yorkshire, S13 9LH

Description

A bay fronted, three-bedroom, semi-detached property offering an investment opportunity, with scope to extend and renovate. The property has gas fired central heating, UPVC double glazing, off-street parking to the front and a generous garden to the rear.

Accommodation

Ground Floor: Entrance, Lounge, Dining Kitchen, Downstairs WC and Side Entrance Lobby. First Floor: Landing, Three Bedrooms and Family Bathroom. External: Gardens to the Front with Off Road Parking and Generous Garden to the Rear.

Location

Set just a few miles from Sheffield city centre, with good transport links into Sheffield city centre by car or public transport and convenient access onto the M1.

Tenure / Property Information

Investment Analysis

Same-street Land Registry comparables range from £145,000 to £260,000. The most recent comparable, 13 Kirkdale Drive, sold for £217,000 in February 2025. Other 2022–2023 sales were £215,000, £220,000 and £260,000, with £260,000 appearing higher than the more consistent evidence. A cautious base GDV of £217,000 is used, with a supported working range of £215,000–£220,000. The property’s actual condition, specification and extension potential are not evidenced in detail, so this is an estimate rather than a formal valuation.

Investment Snapshot

Strategy Recommendation

Potential BTL or refurbishment-led purchase, subject to an inspection, full leasehold information, verified works budget and review of Special Conditions. Do not bid solely on the apparent GDV discount; establish a maximum bid after all costs are known.

Works Required

Renovation works are indicated by the description, but no specific defects or scope are supplied. Review and price the condition of the kitchen, bathroom, decoration, services, heating, windows and external areas before bidding. Any extension should be treated as a separate feasibility and planning exercise, not assumed in the valuation.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

At the £125,000 guide, the indicated 75% refinance of the £217,000 base GDV would be £162,750. However, total project cost and cash left in cannot be calculated because refurbishment costs, leasehold charges and any seller fees are not supplied. The long stated lease is positive, but the ground rent and service-charge terms remain unconfirmed.

Buy-to-Let Analysis

The supplied advertised asking-rent evidence is £925 pcm, equivalent to £11,100 annually. Against the £125,000 guide, the gross yield is approximately 8.88% before finance, maintenance, voids, management, insurance, tax and other costs. A yield on total project cost cannot be established because refurbishment costs and any seller-charged completion fees are unknown. Leasehold service charge and ground rent details also require confirmation.

Flip Analysis

Using the £217,000 base GDV, the guide represents a substantial apparent discount, but the resale surplus cannot be calculated reliably. Refurbishment costs, purchase costs beyond the known £1,800 administration fee, seller-charged fees and selling costs are not fully evidenced. The £260,000 comparable is not adopted as the base case because it is materially above the more recent £215,000–£220,000 evidence.

Investor Risks & Due Diligence

• Actual refurbishment scope and cost are unknown despite the stated renovation potential.

• Annual ground rent, service charge and review provisions require confirmation.

• Additional seller-charged completion fees may apply under the Special Conditions of Sale.

• Rental evidence comprises advertised asking rents rather than achieved rents or a property-specific letting assessment.

• The £260,000 comparable is materially higher than the more recent £215,000–£220,000 same-street evidence.

• Extension potential is stated, but planning permission, cost and deliverability are not evidenced.

Recommendation

Potential BTL or refurbishment-led purchase, subject to an inspection, full leasehold information, verified works budget and review of Special Conditions. Do not bid solely on the apparent GDV discount; establish a maximum bid after all costs are known.

Strategy Rating

Analysis Confidence

The analysis has a recent same-street sale, several additional comparables, guide price and advertised rental evidence. Confidence is reduced by the absence of detailed condition, refurbishment costs, full leasehold charges, seller fees and achieved rental evidence.