83 Park Village 200 Norfolk Park Road, Sheffield, South Yorkshire, S2 2UF

Description

Please register to bid via our website - auctionhouse.co.uk/southyorkshire Popular Student Investment Opportunity in the Highly Sought After Area of Norfolk Park, Sheffield S2 An opportunity to purchase a five bedroom property in Sheffield's desirable student village. Norfolk Park Village is a well established student and residential community located approximately 1 mile from Sheffield City Centre and within easy reach of Sheffield Hallam University, the train station and local amenities. The area is well served by supertram and bus routes, making it particularly attractive for student and young professional tenants. This property briefly comprises 2 double bedrooms, lounge/ kitchen to the ground floor, 3 double bedrooms and a shower and WC to the 2nd floor. Tenure: See Legal Pack EPC Rating: C

Accommodation

The supplied particulars indicate approximately 5 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

Rental & Market Context

HB screening rent is approximately £550–£700 pcm (£6,600–£8,400 pa). Replace this with current local letting evidence. No reliable current rent was extracted from the supplied source.

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 £73,500–£85,500 against purchase + works of approximately £96,000–£103,000. Actual refinance depends on valuation, works, finance costs, rental stress testing and lender criteria.

Flip Analysis

The initial gross value spread is approximately £-5,000–£18,000 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

• Verify tenancy agreement, deposits, rent schedule and compliance

Recommendation

Initial recommendation: Buy-to-Let / Income Investment. 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: ★★★☆☆