Apartment 62 Anchor Point, 323 Bramall Lane, Sheffield, South Yorkshire, S2 4RQ

Description

A second floor, one bedroom apartment situated on the edge of Sheffield City Centre, next to Bramall Lane football ground. The apartment benefits from a designated parking space, a balcony area off the living space, UPVC double glazed windows and electric heating. The property is described as suitable for a buy-to-let purchase or an individual looking for city living.

Accommodation

Ground Floor: Communal Entrance Hall. Second Floor: Entrance Hall, Kitchen/Lounge with Balcony, Bedroom and Bathroom. External: Communal Areas and Designated Parking Space.

Location

Situated on the edge of Sheffield City Centre, next to Bramall Lane football ground. The property is served by public transport links to the city centre, where there are bars, restaurants and shops. Sheffield Train Station provides further transport links, and the area is conveniently served by the M1 motorway for surrounding areas.

Tenure / Property Information

Investment Analysis

Completed sales at the same address range from £66,000 to £128,000, with the latest evidence at £90,000 on 1 October 2025. The evidence is materially varied and does not confirm that the sales relate to the same apartment or identical condition. A base GDV of £85,000 is used, broadly reflecting the £85,000 sale and the recent £90,000 sale; £66,000 and £128,000 are used as evidence-supported low and high scenarios. This is an estimate, not a formal valuation.

Investment Snapshot

Strategy Recommendation

Proceed only as a tightly priced, subject-to-legal-pack opportunity. Do not rely on BTL or BRRR assumptions until achievable rent, service-charge position, lease terms and all completion fees are verified.

Works Required

No specific refurbishment defects or works are evidenced. Allow for inspection, cleaning and any minor repairs only if confirmed, with the legal pack required to establish lease, service charge, ground rent and any other obligations.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

Using the £50,000 guide plus the known £1,800 administration charge gives a quantified acquisition cost of £51,800 before any unknown works, seller fees, finance costs or taxes. A 75% refinance at the £85,000 base GDV would be £63,750, indicating £11,950 potentially released before those unquantified costs. Actual refinanceability and valuation are unconfirmed.

Buy-to-Let Analysis

The property is described as suitable for buy-to-let, but no sufficiently specific rental comparable or auctioneer rent estimate is supplied. Rental income and yield therefore cannot be established. The £2,556 annual service charge and £200 ground rent are known holding costs and would reduce net returns; lease and legal-pack terms require checking.

Flip Analysis

At the base GDV of £85,000, the property shows a £33,200 difference against the guide plus the known £1,800 administration charge, before works, selling costs, finance, taxes and any seller-charged completion fees. A reliable flip surplus cannot be calculated because refurbishment and selling allowances are unsupported.

Investor Risks & Due Diligence

• Comparable sale prices range materially from £66,000 to £128,000 and may not relate to the same apartment or condition.

• No sufficiently specific rental evidence is available, so gross and net yields cannot be established.

• Annual service charge of £2,556 and ground rent of £200 reduce investment returns.

• Further seller-charged completion fees may apply under the special conditions.

• Lease, service-charge liabilities and other obligations remain subject to the legal pack.

• Unknown condition, works, finance costs, taxes and selling costs could reduce the indicated equity or resale margin.

Recommendation

Proceed only as a tightly priced, subject-to-legal-pack opportunity. Do not rely on BTL or BRRR assumptions until achievable rent, service-charge position, lease terms and all completion fees are verified.

Strategy Rating

Analysis Confidence

There are several completed sales at the same address and clear lease, service-charge and ground-rent information, but the comparable prices vary substantially, no rental evidence is supplied, the individual unit match is unconfirmed, and works, seller fees and legal-pack details are unknown.