Flat 3, 89 Montgomery Road, Sheffield, South Yorkshire

Description

Vacant leasehold top floor self-contained flat. By order of a housing association.

Accommodation

Second floor comprising reception room, bedroom, kitchen and bathroom with WC. GIA approximately 65 sq m (700 sq ft), sourced from the EPC.

Location

Located on the south east side of Montgomery Road. The shops of Sheffield city centre are to the north east. Sheffield railway station is approximately 1.7 miles north. The A621 is easily accessed to the south. The Peak District is to the west. The University of Sheffield and Sheffield Hallam University are located to the north.

Tenure / Property Information

Investment Analysis

No current guide price, valuation evidence or sufficiently specific rental evidence is supplied. The only comparable is the same address sold for £155,000 in 2004, which is too historic to support a current GDV without making unsupported assumptions. Current market value cannot therefore be estimated reliably.

Investment Snapshot

Strategy Recommendation

Do not bid or proceed with a defined strategy until the guide price, legal pack, lease terms, condition, fees and current local market evidence are available.

Works Required

No specific defects or refurbishment requirements are evidenced. Confirm condition, services, communal areas and any required works through inspection and the legal pack before bidding.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

BRRR cannot be underwritten because current value, purchase price, refurbishment cost, rent, lease details and refinance costs are unavailable. The legal pack should confirm the lease term, service charges, ground rent and restrictions before considering refinancing.

Buy-to-Let Analysis

BTL viability cannot be established because no sufficiently specific rental evidence, auctioneer rent estimate, purchase price or buyer costs are supplied. The historic 2004 sale does not support a current yield calculation.

Flip Analysis

A flip surplus cannot be calculated. There is no current GDV, guide price, supported works budget or selling-cost allowance. The only supplied comparable is the same flat sold in 2004 and is not sufficient for a current resale assessment.

Investor Risks & Due Diligence

• Guide price and purchase consideration are unavailable.

• Lease terms and other leasehold liabilities are not provided.

• Property condition and required works are not evidenced.

• No sufficiently specific current rental evidence is available.

• Buyer, administration and other charges are unspecified.

• The only sale comparable supplied dates from 2004 and cannot support a current valuation without further evidence.

Recommendation

Do not bid or proceed with a defined strategy until the guide price, legal pack, lease terms, condition, fees and current local market evidence are available.

Strategy Rating

Analysis Confidence

Key underwriting inputs are missing, including guide price, current value evidence, rent, condition, lease details and buyer or seller charges. The sole comparable is from 2004.