62 Woodseats Road, Sheffield, South Yorkshire, S8 0PJ

Description

Located in the popular and well established area of Woodseats, just off Chesterfield Road, this two bedroom ground floor flat offers an appealing opportunity for buy to let investors and owner occupiers looking to downsize.

Accommodation

Spacious open plan kitchen and lounge, two double bedrooms including a master with en-suite, and a main bathroom with a full length bath.

Location

Woodseats, just off Chesterfield Road, Sheffield.

Tenure / Property Information

Investment Analysis

The only completed-sale evidence is the same flat, recorded at £154,950 on 17 December 2007. This is a useful property-specific reference but is substantially historic and cannot reliably establish current market value without newer comparables. The £85,000 guide is materially below that historic sale, but the difference may reflect market movement, condition, lease terms or auction circumstances.

Investment Snapshot

Strategy Recommendation

Potential BTL subject to inspection and confirmation of achievable rent, lease terms, service charges, legal title and all auction costs. Do not bid solely on the historic sale evidence; obtain current valuation and refurbishment information first.

Works Required

No specific defects or refurbishment requirements are identified in the supplied description. Allowance should be based only on a physical inspection, including the kitchen, bathrooms, heating, windows, communal areas and allocated parking arrangements.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

Using the historic same-property sale as the base GDV reference gives an indicative 75% refinance figure of £116,212.50. However, current valuation evidence, refurbishment costs, lease information and total acquisition costs are incomplete, so cash left in and equity creation cannot be calculated reliably. Refinance eligibility and valuation should not be assumed from the 2007 sale.

Buy-to-Let Analysis

Advertised rental evidence ranges from £1,000 to £1,300 pcm for two-bedroom properties in Sheffield/S8, implying gross yields of approximately 14.12% to 18.35% against the £85,000 guide. These are asking rents, not achieved rents, and no service charge, ground rent, letting, maintenance, void, finance or tax costs are supplied, so net returns cannot be established. The BTL case requires confirmation of achievable rent, lease length, service charges and restrictions.

Flip Analysis

A flip assessment cannot be completed reliably because the only comparable is a 2007 sale, no current resale comparables are supplied, refurbishment costs are unknown and no selling allowance is provided. The historic £154,950 sale indicates potential value support but is not a current resale valuation.

Investor Risks & Due Diligence

• The only completed comparable sale dates from December 2007 and may not represent current value.

• Rental figures are advertised asking rents rather than achieved rents.

• Lease length, ground rent, service charge and lease restrictions are not supplied.

• Condition and any required refurbishment costs are not evidenced.

• Buyer premium is unspecified and further search, seller, legal, transfer and disbursement charges may apply.

• No current valuation, current comparable sales or confirmed passing tenancy information is supplied.

Recommendation

Potential BTL subject to inspection and confirmation of achievable rent, lease terms, service charges, legal title and all auction costs. Do not bid solely on the historic sale evidence; obtain current valuation and refurbishment information first.

Strategy Rating

Analysis Confidence

The property description, guide, one historic completed sale and asking-rent evidence are available, but the comparable is from 2007 and key lease, condition, running-cost and additional-fee information is missing.