Freehold Ground Rents, Kiveton Park, Aston, Killamarsh, Sheffield, South Yorkshire S26 5PU

Description

Description A portfolio of 278 residential ground rents secured modern houses 274 and 4 flats in the Mosborough, Killamarsh, Aston, Kiveton Park and Dronfield areas of South Yorkshire and North East Derbyshire.

The properties are held on 200 & 300 year leases from various dates, with average individual ground rents of 76.71pa giving an over annual income of £21,325pa A full schedule will be included in the legal pack and an over summary is as follows- Ashby Drive, Kiveton Park, Sheffield, S26 5PU - 17 addresses Brooklands Croft, Wales, Sheffield, S26 5QB - 1 address (No 2) Burns Drive, Dronfield, S18 1NJ - 1 address (No 75) Manor Road, Wales, S26 5QB - 1 address (Cherry Tree Cottage) Church Lane, Aston, Sheffield, S26 2AX - 3 addresses Fairfield Way, Aston, Sheffield, S26 2HB - 3 addresses Gaunt Close, Killamarsh, S21 1SW - 13 addresses Grange Farm Drive, Aston, Sheffield, S26 2GY - 40 Addresses Heartlands Close, Kiveton Park, Sheffield, S26 5QE Brooklands Croft, Sheffield, S26 5QB - 1 address (Holly Cottage) Kemp Close, Killamarsh, S21 1SX - 4 addresses Oakland Court, Kiveton Park, Sheffield, S26 2GW - 3 addresses Parklands View, Aston, Sheffield, S26 2GW - 47 addresses Pigeon Bridge Way, Aston, Sheffield, S26 2GX - 31 addresses Spooner Drive, Killamarsh, Sheffield, S21 1SH - 21 addresses Stockwell Avenue, Kiveton Park, Sheffield, S26 5QR - 6 addresses Toll House Mead, Mosborough, Sheffield, S20 5EN - 77 addresses Highgate Drive, Dronfield, S18 1UD - 4 flats (notices served) TOTAL - 278 addresses

Investment Analysis

Investment Snapshot

Underwriting basis. This is an indicative desktop appraisal. GDV is an estimated post-works/open-market value, not a guaranteed valuation. Comparable research is widened from the same street/postcode to the surrounding market up to approximately five miles where necessary.

Market Comparables

• Specialist asset: working market value is estimated from guide, asset type, income/development potential and local market evidence; midpoint £220,000.

HB estimated GDV: £202,000 low / £220,000 base / £238,000 high. The range reflects comparable quality, condition and the fact that auction stock can trade below normal owner-occupier market value.

Proposed Works

The allowance follows the auction description/visible condition and investor-standard refurbishment scope. It is not a structural survey or contractor quotation.

Rental / Income Value

Stated passing income located in the property information is approximately £21,325 pa. For this specialist asset, passing income is more meaningful than imposing a standard AST rent.

Strategy & Value Analysis

This is not a conventional single-dwelling BRRR/flip asset. The value case should be assessed using the specialist strategy appropriate to the property—income capitalisation, asset management, planning/development or land value—while still using the market-value range above as an indicative exit benchmark.

Key Risks

Confirm legal title/tenure, occupancy, planning/licensing, service charge/ground rent where relevant, structural condition, utilities, abnormal works and finance terms. Market comparables are indicative and should be refreshed immediately before bidding.