Flat 326 Nebula Egerton House, Sheffield, South Yorkshire, S1 4JX

Description

Vacant deluxe en-suite room at Nebula, Sheffield, with shared kitchen and lounge facilities, previously let for £100 per week.

Accommodation

Deluxe en-suite room with a three-quarter bed, fitted wardrobes, study area, personal fridge, safe and en-suite bathroom. The room forms part of a shared apartment of between three and six bedrooms. Residents have access to a fitted kitchen with an oven, hob, extractor, fridge freezer, breakfast bar and seating, plus a lounge area with sofas.

Location

Nebula is a modern accommodation development in Sheffield, South Yorkshire.

Tenure / Property Information

Investment Analysis

The supplied completed sales are £59,950–£64,950 for leasehold flats/maisonettes at Spectrum Apartments, not Nebula Egerton House. Because the subject is a deluxe en-suite room within a shared apartment and the lease, service charge and other tenure details are missing, these sales do not provide a sufficiently reliable GDV. No formal market value is therefore estimated.

Investment Snapshot

Strategy Recommendation

Conditional BTL only, subject to satisfactory legal review, confirmation of the lease and charges, and evidence that the historic rent remains achievable. Do not bid on the supplied evidence alone.

Works Required

No physical defects or refurbishment requirements are evidenced. Allow for inspection and verification only; no works budget can be supported from the supplied information.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

A BRRR assessment cannot be completed because there is no reliable GDV, no lease information, no supported refurbishment budget and no refinance evidence. The £3,600 admin charge is known, while other charges may also apply.

Buy-to-Let Analysis

The room was previously let at £100 per week, equivalent to approximately £433.33 pcm and £5,200 annually. A broader South Yorkshire one-bedroom asking rent of £600 pcm is not directly comparable because this accommodation has shared kitchen and lounge facilities. On the conservative £15,000 upper guide alone, the historic rent equates to approximately 34.67% gross yield before the £3,600 admin charge and any other costs. Current achievable rent, lease terms and operating costs remain unverified.

Flip Analysis

A flip cannot be reliably underwritten. The available comparables relate to a different named development and may not represent the value of an en-suite room within a shared apartment. Selling costs and project costs are also unsupported.

Investor Risks & Due Diligence

• Lease term, service charge, ground rent and permitted use are not supplied.

• The £100 per week figure is historic and not confirmed as current passing rent.

• The £600 pcm rental listing is a broad South Yorkshire asking rent and is not directly comparable.

• Comparable sales are for Spectrum Apartments rather than Nebula Egerton House.

• A £3,600 inc VAT admin charge is payable, with other possible search, legal, transfer and seller-cost charges.

• Shared kitchen and lounge facilities may limit the buyer and tenant market.

• No refurbishment, resale-cost or finance-cost allowance is evidenced.

Recommendation

Conditional BTL only, subject to satisfactory legal review, confirmation of the lease and charges, and evidence that the historic rent remains achievable. Do not bid on the supplied evidence alone.

Strategy Rating

Analysis Confidence

There is completed-sale evidence in the same postcode and historic rent evidence, but the comparables are for a different development, the subject is a shared-apartment room, and lease, costs, current rent and condition details are missing.