Freehold Grounds 1A, 2A, 3A & 4A Chase Court , Chase Road, Loxley, Sheffield, South Yorkshire S6 6QZ

Description

Description The Freehold interest in 4 purpose built flats and garages in the sought after Loxley Valley. The flats are Leasehold for 200 years from 29th September 1973 at £25pa each. Section 5B notices were served on the 21st May 2026. Tenure Freehold Occupancy Subject to a tenancy

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

• HB 5-mile market proxy: comparable local sale/asking evidence supports a working post-works midpoint around £15,737

• Low case set 8% below midpoint (£14,000) to reflect condition/comparable uncertainty

• High case set 8% above midpoint (£17,000) for a strong investor-standard finish

HB estimated GDV: £14,000 low / £16,000 base / £17,000 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 Value

Working market rent is approximately £2 pcm (£25 pa). For scenario testing, use roughly £2 / £2 / £2 pcm for low/base/high cases. This is an indicative market-rent estimate and should be read alongside any passing tenancy stated by the auctioneer.

Low / Base / High Investment Scenario

Buy-to-Let

Base rent £2 pcm gives 5.0% gross yield on guide and 0.2% on guide plus midpoint works. These are gross yields before voids, repairs, management, insurance and finance.

BRRR Analysis

Guide £500 + midpoint works £13,250 + auction fee allowance £9 + legal/valuation £1,500 + indicative six-month bridge/arrangement cost £23 + holding allowance £1,500 gives a pre-SDLT all-in cost of approximately £16,782. At base GDV £16,000, a 75% refinance is £12,000, leaving approximately £4,782 capital in before SDLT. Low/high refinance outcomes are £10,500 / £12,750.

Flip Analysis

Using base GDV £16,000, pre-SDLT all-in cost £16,782 and selling/legal allowance £1,027, indicative pre-tax/pre-SDLT flip surplus is £-1,809. That is approximately -10.8% profit on cost and -11.3% of GDV. A 5% sale-price reduction and 15% works overrun should be stress-tested before bidding.

Maximum Bid Indicator

For an indicative 15% pre-tax profit-on-cost target before SDLT, the desktop purchase ceiling is approximately £0. This is a screening figure, not a formal valuation or bidding recommendation.

Strategy Rating

Buy-to-Let: ★★★☆☆ | BRRR: ★★★☆☆ | Flip: ★★☆☆☆

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.