No. 23 Peveril Close Kiveton Park, Sheffield, South Yorkshire, S26 6PU

Description

Available at auction is this three bedroom semi-detached property, presenting an excellent opportunity for investors, developers and buyers looking to take on a renovation project with real scope to add value. Offering generous accommodation and excellent potential, the property is ready to be transformed. The accommodation briefly has an entrance hallway leading into a front-facing lounge, together with a separate kitchen overlooking the rear garden. There is also a bathroom located on the ground floor. To the first floor are three bedrooms, (2 doubles and 1 single) providing ample space. Externally, the property benefits from off-road parking to the front with space enough for several cars. To the rear is a generous enclosed garden, offering plenty of outdoor space with scope for landscaping and improvement. Situated within a popular residential area, the property enjoys convenient access to local amenities, schools and transport links, making it an attractive proposition for owner occupiers and investors alike. Tenure: Freehold EPC Rating: D

Accommodation

The supplied particulars indicate approximately 3 bedroom accommodation. Room layout, floor areas and dimensions should be confirmed from the auctioneer particulars, floor plan 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

• Kitchen and bathroom modernisation review

• Electrical/heating testing and upgrades

• Decoration and flooring

• Roof, damp and structural inspection

Rental & Market Context

HB screening rent is approximately £550–£650 pcm (£6,600–£7,800 pa). Replace this with current local letting evidence. No reliable current rent was extracted from the supplied source.

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 £75,000–£90,750 against purchase + works of approximately £97,000–£110,000. Actual refinance depends on valuation, works, finance costs, rental stress testing and lender criteria.

Flip Analysis

The initial gross value spread is approximately £-10,000–£24,000 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

Recommendation

Initial recommendation: BRRR or Refurbishment & Resale. 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

• BRRR: ★★★★☆

• Flip: ★★★★☆

• Buy-to-Let: ★★★☆☆