Flat 9, Hallam Chase, 64 Endcliffe Vale Road, Sheffield, South Yorkshire

Description

A fantastic opportunity to purchase this top floor studio apartment in a highly sought after Endcliffe location, close to Endcliffe Park, Ecclesall Road, the University of Sheffield and Royal Hallamshire Hospital. The property benefits from private residents' parking and offers an excellent opportunity to update and personalise. Investors are advised to refer to the legal pack for details regarding occupancy.

Accommodation

Entrance hall, spacious and well lit living area with built in storage, fitted kitchen with space for appliances, and a bathroom with three piece suite and electric shower.

Location

Highly sought after Endcliffe location, close to Endcliffe Park, Ecclesall Road, the University of Sheffield and Royal Hallamshire Hospital.

Tenure / Property Information

Investment Analysis

The five completed sales at the same address range from £73,000 to £100,000, with a median of £85,000. These provide useful building-level evidence, but bedroom count, condition, floor and specification are not supplied, so the valuation is indicative only. A base GDV of £85,000 is used, with £73,000 low and £100,000 high scenarios.

Investment Snapshot

Strategy Recommendation

Potential BTL or light-update purchase only if the legal pack confirms acceptable occupancy, leasehold obligations and all charges. Do not bid on the current evidence without a verified works and fee budget.

Works Required

Update and personalise the apartment as indicated by the description, potentially including cosmetic improvement to the living area, kitchen and bathroom. The evidence does not quantify defects or refurbishment requirements, so no works allowance is assumed.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

At the £54,000 guide, the known £3,600 administration charge produces a minimum identified acquisition cost of £57,600 before any works or other charges. A 75% refinance of the £85,000 base GDV would be £63,750, but total project cost and cash left in cannot be established because refurbishment and other costs are unsupported.

Buy-to-Let Analysis

The £700 pcm figure is an advertised asking rent, not an achieved rent. It implies £8,400 annual gross rent and a 15.56% gross yield against the £54,000 guide price, before works, service charge, leasehold costs, finance, voids and other fees. The legal pack should be reviewed because occupancy details are unresolved.

Flip Analysis

The same-address sales support an indicative GDV range of £73,000 to £100,000, with an £85,000 base case. A reliable flip surplus cannot be calculated because refurbishment costs, selling costs and several potential auction charges are not provided.

Investor Risks & Due Diligence

• Occupancy details are unresolved and investors are directed to the legal pack.

• Leasehold service charge, ground rent and other lease obligations are not supplied.

• The EPC is rated E.

• The rental evidence is an advertised asking rent rather than achieved rent.

• Works requirements are not quantified despite the stated opportunity to update and personalise.

• Special Conditions of Sale may create additional search, legal, transfer or seller-cost liabilities.

Recommendation

Potential BTL or light-update purchase only if the legal pack confirms acceptable occupancy, leasehold obligations and all charges. Do not bid on the current evidence without a verified works and fee budget.

Strategy Rating

Analysis Confidence

There are five same-address completed sales and one rental asking figure, but property-specific comparable details, occupancy, leasehold costs, refurbishment costs and potential additional auction fees are incomplete.