664 City Road, Sheffield, South Yorkshire, S2 1GH

Description

A substantial bay fronted terrace in a City location, on the Supertram and bus routes into the City and with a wide range of amenities nearby including Manor Fields Park. Investors can expect healthy yields in the area of £10,800 after a small scale refurbishment is complete, and as a straightforward flip project the property holds so much potential. Having two reception rooms, kitchen, and three excellent size double bedrooms, this family size home is an excellent choice for many.

Accommodation

Bay fronted lounge - 3.57 x 4.22; Hall; Sitting/dining room - 3.55 x 3.66; Kitchen - 1.83 x 2.44; First floor landing; Bathroom - 1.71 x 3.03; Bedroom 1 - 4.21 x 3.35; Bedroom 2 - 2.78 x 3.05; Bedroom 3 - 4.19 x 3.39; Useful cellar; Front forecourt garden, gated side access into private rear garden with brick built store.

Location

City location on the Supertram and bus routes into the City, with a wide range of amenities nearby including Manor Fields Park.

Tenure / Property Information

Investment Analysis

The supplied completed sales for nearby terraces on City Road range from £75,000 to £95,000, with the two closest dated sales at £86,000 and £95,000 in 2018. These comparables are historic and no condition-adjusted or current evidence is supplied. A cautious evidence-based GDV range is £80,000–£95,000, with £90,000 used as the base estimate.

Investment Snapshot

Strategy Recommendation

Potentially attractive BTL or BRRR candidate at the guide, subject to a satisfactory inspection, confirmed refurbishment budget and validation of achievable rent. Do not underwrite a flip or set a maximum bid without those costs.

Works Required

The auctioneer refers to a small-scale refurbishment but provides no itemised scope or cost. Allowance should be made for inspection-led updating only; the evidence does not support specifying particular repairs or finishes.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

At a £90,000 base GDV, 75% refinance is estimated at £67,500. The potential refinance proceeds exceed the £44,000 guide plus the £2,400 known admin charge, but total project cost cannot be established because refurbishment and other possible auction costs are unknown. Cash left in therefore cannot be calculated reliably.

Buy-to-Let Analysis

At the £44,000 guide, the auctioneer's post-refurbishment rent estimate of £10,800 per year implies a 24.55% gross yield before costs. The supplied rental listings advertise £1,300 pcm, implying a higher 35.45% guide-price yield, but these are asking rents rather than achieved rents. No passing rent, works cost, finance cost or operating-cost evidence is supplied.

Flip Analysis

The supplied historic comparables support an indicative £80,000–£95,000 resale range, with £90,000 as a cautious base GDV. A flip surplus cannot be calculated because refurbishment, purchase, finance, selling and other auction-related costs are not supplied.

Investor Risks & Due Diligence

• The property has an EPC rating of E.

• The stated £10,800 rent is an auctioneer estimate after refurbishment, not passing rent.

• The £1,300 pcm rental evidence is advertised asking rent and may not be achieved.

• Refurbishment scope and cost are not supplied.

• The comparable sales are historic, with the nearest supplied evidence from 2018.

• Additional charges may include search fees, seller-cost reimbursement, legal fees and transfer fees.

• No buyer premium is supplied, so the full acquisition-cost position is uncertain.

Recommendation

Potentially attractive BTL or BRRR candidate at the guide, subject to a satisfactory inspection, confirmed refurbishment budget and validation of achievable rent. Do not underwrite a flip or set a maximum bid without those costs.

Strategy Rating

Analysis Confidence

The property description, tenure, guide, known admin charge, rental indications and several completed sales are supplied, but the sales evidence is historic and refurbishment scope, condition, current valuation, achieved rent and several costs are unavailable.