Flat 716 Nebula Egerton Street, Sheffield, South Yorkshire, S1 4JX

Description

Offered to the market, this well-presented student room is located within the highly regarded Nebula development in the heart of Sheffield city centre. Ideally positioned within easy walking distance of both the University of Sheffield and Sheffield Hallam University, the development remains a popular choice for students seeking modern accommodation in a prime location. The accommodation comprises a fully furnished bedroom with fitted study area, built-in storage and a contemporary en-suite shower room, together with access to well-maintained communal kitchen and living facilities. Residents also benefit from attractive communal areas, landscaped courtyard gardens, secure entry, on-site management, gym facilities, bicycle storage and communal social spaces. The property is tenanted at £85 per week, making it an affordable investment opportunity with strong yield in one of Sheffield's most established purpose-built student developments. Situated moments from shops, restaurants, transport links and the city's universities, Nebula continues to attract consistent student demand year after year. Tenure: Leasehold EPC Rating: C

Accommodation

A full room schedule was not reliably extracted from the supplied scrape. Confirm accommodation and floor areas from the auctioneer particulars and inspection.

Location

Located in Sheffield, South Yorkshire. Investor due diligence should test local transport, employment, amenities and tenant demand at the exact micro-location. Cross-check the postcode and legal title before bidding.

Investment Analysis

The figures below separate auctioneer/source facts from HB indicative estimates. HB figures are screening assumptions only and are not a RICS valuation, contractor quotation or lending decision.

Investment Snapshot

Strategy Recommendation

The initial strategy should be tested against condition, legal structure, works, rental evidence and comparable values before setting a maximum bid. The screening case depends on achieving a sufficient margin or sustainable income after all acquisition and holding costs.

Works Required

• Review complete building/property condition

• Electrical and heating inspection

• Allow for decoration and repairs where required

Rental & Market Context

HB screening rent is approximately £50–£100 pcm (£600–£1,200 pa). Replace this with current local letting evidence. The source also indicates published income of about £4,440 pa, which should be verified against tenancy documents.

Sold within approximately 5 miles

Reliable sold-property comparables were not collected from the supplied scrape. Check recent Land Registry evidence and closely comparable sold listings within approximately five miles, prioritising the same property type, size, tenure and condition.

Potential BRRR Position

Illustrative 75% refinance on the HB indicative value range is about £8,250–£9,000 against purchase + works of approximately £15,000–£22,000. Actual refinance depends on valuation, works, finance costs, rental stress testing and lender criteria.

Flip Analysis

The initial gross value spread is approximately £-11,000–£-3,000 before acquisition/disposal costs. This is not profit and excludes SDLT, auction/admin fees, legal costs, finance, holding costs, insurance, utilities, professional fees, selling fees, contingency and tax.

Investor Risks & Due Diligence

• Review legal pack, title and special conditions

• Confirm auction fees and completion period

• Obtain survey and works quotations

• Verify finance before bidding

• Check rental and sold comparable evidence

• Verify tenancy agreement, deposits, rent schedule and compliance

Recommendation

Initial recommendation: Buy-to-Let / Income Investment. Proceed only if the legal pack, condition, costs and local evidence support the required margin/yield. Treat the guide as a starting point rather than a valuation and set a disciplined maximum bid after due diligence.

Strategy Rating

• Buy-to-Let: ★★★★☆

• BRRR: ★★★☆☆

• Flip: ★★★☆☆