70 White Croft Works, 69 Furnace Hill, Sheffield, South Yorkshire, S3 7AH

Description

A tenanted income-generating studio apartment in a popular purpose-built development in Sheffield city centre, across the road from Kelham Island. Marketing photos were provided by the seller and taken prior to the property being tenanted.

Accommodation

Studio apartment

Location

White Croft Works is across the road from Kelham Island, Sheffield, which is described as a vibrant city centre neighbourhood with bars, restaurants, artisan shops and cultural attractions.

Tenure / Property Information

Investment Analysis

The five supplied completed sales at White Croft Works range from £62,500 to £92,500. The three most recent sales range from £62,500 to £74,000, with the latest at £74,000 in January 2026. As the evidence does not identify the comparable unit details, a cautious base GDV of £68,000 is used, with a supported evidence range of £62,500 to £74,000. This is not a formal valuation and should be checked against the legal pack, lease and exact apartment particulars.

Investment Snapshot

Strategy Recommendation

Treat as a conditional income investment only, subject to reviewing the legal pack, confirming the passing rent and tenancy terms, and validating lease, service-charge and resale details. Do not rely on the apparent GDV spread without unit-specific confirmation.

Works Required

No refurbishment works are evidenced. The apartment should be inspected and the tenancy, lease obligations and current condition verified before bidding; no works allowance has been assumed.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

At the £23,000 guide, the stated buyer premium and admin charge would bring the known acquisition outlay to at least £26,600 before any works, finance, legal-pack disbursements or other costs. A 75% refinance assumption on the £68,000 base GDV equates to £51,000, but cash left in cannot be calculated without supported works, finance and completion costs. Existing tenancy terms and lender acceptability require verification.

Buy-to-Let Analysis

The property is described as tenanted, but no passing rent or sufficiently specific rental evidence is supplied. Rental income and gross yield therefore cannot be established. The £3,600 stated buyer premium and admin charge are payable in addition to the guide price, with possible further legal-pack disbursements and other fees.

Flip Analysis

The evidence supports a cautious £68,000 base GDV, with comparable sales ranging from £62,500 to £74,000. A flip surplus cannot be calculated because refurbishment costs, selling costs, finance costs and other completion costs are not supplied.

Investor Risks & Due Diligence

• The supplied sales may not relate to the same apartment or identical specification.

• No passing rent or sufficiently specific rental evidence is provided, so income yield cannot be assessed.

• Tenancy details are only said to be in the legal pack and have not been supplied.

• The £3,600 buyer premium and admin charge are payable in addition to the guide price.

• Further disbursements, search fees, seller's costs, legal fees and transfer fees may be payable.

• Leasehold obligations, service charges and other lease terms are not provided.

• Marketing photographs pre-date the tenancy and may not reflect the current condition.

Recommendation

Treat as a conditional income investment only, subject to reviewing the legal pack, confirming the passing rent and tenancy terms, and validating lease, service-charge and resale details. Do not rely on the apparent GDV spread without unit-specific confirmation.

Strategy Rating

Analysis Confidence

There is useful same-development completed-sale evidence and a stated guide price, but the exact comparable-unit details, rent, tenancy terms, condition, lease costs, service charges and full purchase/sale costs are not supplied.