Apartment 303, Daisy Spring Works, 1 Dun Street, Sheffield, South Yorkshire

Description

A third-floor flat with one bedroom. The property is well located for all amenities and transport links. The total approximate floor area, taken from the EPC, is 58m2. All services/appliances have not and will not be tested.

Accommodation

Open plan living area and kitchen, one bedroom, an ensuite shower room, bathroom and balcony.

Location

Well located for all amenities and transport links.

Tenure / Property Information

Investment Analysis

Recent same-address completed sales were £120,000 in December 2025 and £145,000 in June 2025. A base GDV of £132,500 uses the midpoint of these two recent transactions. The older £175,000 sale from 2020 is not adopted as the base. Comparability is limited because the evidence does not identify the individual units, their condition, floor level or specification.

Investment Snapshot

Strategy Recommendation

Potentially suitable for a buy-to-let or value-led purchase only after verifying the legal pack, leasehold charges, condition and achievable rent. The guide suggests a substantial gross margin against recent same-address sales, but bidding should remain subject to full cost and comparability checks.

Works Required

No specific refurbishment works are evidenced. Inspect the flat and verify all services and appliances, which the auction particulars state have not and will not be tested. Review the legal pack for lease, ground rent, service charge and any required works or disbursements.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

Using the base GDV, 75% refinance is £99,375. This is substantially above the £55,000 guide plus the £1,200 minimum buyer premium, but the actual refinance position cannot be confirmed because condition, lender valuation, service charge, lease details, works, finance costs and other purchase charges are unknown. Do not rely on the apparent equity without the legal pack and inspection.

Buy-to-Let Analysis

The only rental evidence is an £800 pcm advertised asking rent, implying £9,600 annual gross rent. Against the £55,000 guide this is approximately 17.45% gross before the £1,200 minimum buyer premium, service charge, ground rent, management, voids, maintenance, finance and other costs. Net yield and yield on total acquisition cost cannot be established because leasehold charges, works and disbursements are unknown.

Flip Analysis

The base GDV indication is £132,500, with an evidence-supported range of £120,000 to £145,000. A flip surplus cannot be calculated because refurbishment costs, selling costs, finance costs, legal-pack disbursements and the actual purchase price are unknown. Same-address sales provide useful context but may not be directly comparable to this unit.

Investor Risks & Due Diligence

• Ground rent and service charge are not disclosed and must be confirmed from the legal pack.

• Additional disbursements, search fees, seller costs, legal fees or transfer fees may become payable.

• Services and appliances have not and will not be tested according to the particulars.

• The sold comparables are same-address transactions but are not identified by unit, condition, floor or specification.

• The £800 pcm figure is an advertised asking rent rather than an achieved passing rent.

• Leasehold terms and any relevant restrictions or liabilities require legal-pack review.

Recommendation

Potentially suitable for a buy-to-let or value-led purchase only after verifying the legal pack, leasehold charges, condition and achievable rent. The guide suggests a substantial gross margin against recent same-address sales, but bidding should remain subject to full cost and comparability checks.

Strategy Rating

Analysis Confidence

There are two recent same-address completed sales, one rental asking listing and clear guide/fee data, but unit-specific comparability, condition, leasehold charges, works, disbursements and achieved rent are not evidenced.