No, 83 Norfolk Park Village, 200 Norfolk Park Road, Sheffield, South Yorkshire, S2 2UF

Description

An opportunity to purchase a five bedroom property in Sheffield's desirable student village. The property is highly suited to student or professional HMO letting. The property is sold with vacant possession, allowing a purchaser to immediately let the property or refurbish to maximise rental income.

Accommodation

2 double bedrooms, lounge/kitchen to the ground floor, 3 double bedrooms and a shower and WC to the 2nd floor.

Location

Norfolk Park Village is a well established student and residential community located approximately 1 mile from Sheffield City Centre and within easy reach of Sheffield Hallam University, the train station and local amenities. The area is well served by supertram and bus routes. Externally the property forms part of a modern development within landscaped communal grounds.

Tenure / Property Information

Investment Analysis

Recent sold evidence at the same development ranges from £102,500 to £115,500 in 2026, although the comparables have mixed property classifications. Older 2021 sales were £125,000 and £141,700 but may be less representative. A cautious base GDV of £115,500 is used, with £102,500 as the low case and £125,000 as the high case. The £82,000 guide is not a confirmed purchase price.

Investment Snapshot

Strategy Recommendation

Potentially attractive as a student/professional rental or BRRR acquisition if the property is genuinely suitable for five-room letting and can be bought close to guide. Proceed only after reviewing the legal pack, condition, tenure, HMO requirements and achievable rents. Do not rely on the headline yield without confirming costs and room-by-room demand.

Works Required

No specific defects or required works are evidenced. The property could be refurbished to maximise rental income, but the scope and cost cannot be estimated from the supplied information. Confirm condition, room layouts, services and legal requirements before bidding.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

At the guide plus the known £3,600 admin charge, the indicative base cost is £85,600 before refurbishment, finance, tax and other possible charges. At a 75% refinance of the £115,500 base GDV, proceeds would be approximately £86,625, leaving an indicative £1,025 surplus before all omitted costs. The result is highly sensitive to the eventual purchase price, works, valuation and refinance terms.

Buy-to-Let Analysis

Using the auctioneer estimate of £95–£120 per room per week across five rooms produces approximately £2,058–£2,600 pcm, or £24,700–£31,200 annually. This indicates a high gross yield of approximately 30.1%–38.0% against the £82,000 guide, or approximately 28.9%–36.4% against the guide plus the known £3,600 admin charge. These are estimates only; the separate £711 pcm advertised listing is not treated as representative of the five-bedroom property.

Flip Analysis

Using the £115,500 base GDV against the £85,600 guide-plus-known-admin cost suggests £29,900 before refurbishment, selling costs, finance, tax and other charges. No reliable flip surplus can be calculated because refurbishment and selling allowances are unsupported. The 2026 comparables provide some resale support, but classifications differ.

Investor Risks & Due Diligence

• Tenure and lease terms are not supplied and must be checked in the legal pack.

• The auctioneer rent is an estimate rather than achieved rent; the separate £711 pcm advertised listing is materially lower and may not represent this five-bedroom property.

• Refurbishment scope and cost are unknown.

• Additional search, seller, legal, transfer, buyer-premium and other completion charges may apply.

• HMO suitability, licensing and any relevant regulatory requirements are not evidenced.

• The guide price is not a confirmed purchase price and auction bidding may exceed it.

• Sold comparables have mixed classifications and dates, limiting valuation precision.

Recommendation

Potentially attractive as a student/professional rental or BRRR acquisition if the property is genuinely suitable for five-room letting and can be bought close to guide. Proceed only after reviewing the legal pack, condition, tenure, HMO requirements and achievable rents. Do not rely on the headline yield without confirming costs and room-by-room demand.

Strategy Rating

Analysis Confidence

There is useful same-development sales evidence, a guide price, a known admin charge and an auctioneer rent estimate, but the legal tenure, condition, refurbishment cost, other fees, achieved rent and exact comparability of the sold evidence are uncertain.