Flat 514 Nebula Egerton House, Sheffield, South Yorkshire, S1 4JX

Description

A tenanted classic en-suite student bedroom within the popular Nebula development in Sheffield city centre, producing £95 per week and located for Sheffield’s universities, city-centre amenities and transport links.

Accommodation

Private en-suite bathroom, study area, fitted wardrobes, three-quarter bed, safe and personal fridge. The bedroom forms part of a cluster apartment with a shared fitted kitchen equipped with an oven, hob, extractor, fridge freezer and breakfast bar, together with a communal lounge area. Bedroom size from approximately 13 sq. metres.

Location

Sheffield city-centre location, conveniently located for Sheffield’s universities, city-centre amenities and transport links.

Tenure / Property Information

Investment Analysis

The supplied completed sales are leasehold flats at Spectrum Apartments, 20 Egerton Street, S1 4JX, rather than the subject Nebula unit. They provide a limited local proxy at £59,950–£64,950, with three sales at £62,000. A base GDV of £62,000 is therefore used, with low and high scenarios based on the supplied comparable range. The comparison is imperfect because the development and exact unit characteristics differ.

Investment Snapshot

Strategy Recommendation

Potential specialist student BTL only if the legal pack confirms acceptable lease length, service-charge and ground-rent obligations, title and income arrangements. Do not rely on the apparent yield or refinance surplus until all lease and completion costs are verified.

Works Required

No refurbishment works are evidenced. Allow for inspection, cleaning and any statutory, furnishing or repair requirements only if confirmed in the legal pack or on inspection; no numeric works allowance is included.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

At the upper guide, purchase plus the known administration charge is £18,600 before any unquantified buyer premium, legal, transfer, search or other costs. A 75% refinance against the £62,000 base GDV would be £46,500, implying £27,900 more than the stated base cost before finance, tax and omitted costs. This is only an indicative valuation exercise; lender acceptance, lease terms, service charges, rental evidence and the legal pack remain unverified.

Buy-to-Let Analysis

Using the upper guide of £15,000 as the analysis purchase figure, £95 per week equates to approximately £411.67 pcm and £4,940 annually. This produces a 32.93% gross yield on the upper guide, or 26.56% including the known £3,600 administration charge. These are gross figures before service charge, ground rent, management, maintenance, utilities, finance, tax and other auction costs. The tenancy is stated to run only from 5 September 2026 to 8 January 2027, so ongoing income must be verified.

Flip Analysis

Using the £62,000 base GDV and £18,600 purchase-plus-known-cost figure, the theoretical surplus before selling costs, finance, tax and any works is £43,400. An estimated flip surplus is not provided because no supported selling-cost allowance or confirmed resale valuation for this specific Nebula bedroom has been supplied. The comparables are for a different named development.

Investor Risks & Due Diligence

• The tenure and lease details are to be confirmed in the legal pack.

• The supplied sales are for Spectrum Apartments rather than the subject Nebula development, limiting GDV confidence.

• Service charge, ground rent, insurance and other recurring leasehold costs are not supplied.

• The stated tenancy runs only until 8 January 2027; renewal and future income are unconfirmed.

• Buyer premium and other possible auction, legal, search and transfer costs are unspecified.

• The £95 per week rent may not represent net income after any management, utilities or property-level charges.

• The unit forms part of a cluster apartment with shared facilities, so ownership, access and management arrangements should be verified.

Recommendation

Potential specialist student BTL only if the legal pack confirms acceptable lease length, service-charge and ground-rent obligations, title and income arrangements. Do not rely on the apparent yield or refinance surplus until all lease and completion costs are verified.

Strategy Rating

Analysis Confidence

There is useful completed-sale evidence, rent evidence and a known administration charge, but the comparables are from a different development, refurbishment and recurring leasehold costs are unavailable, the tenancy is short, and key legal-pack details remain outstanding.