Number 276 Blackstock Road, Sheffield, South Yorkshire, S14 1FY

Description

A three bedroom end terrace property in the popular Gleadless area of Sheffield, offering scope to modernise and add buyers' own touch. The property has a substantial rear garden and would benefit from modernisation and updating.

Accommodation

Ground floor: living room, kitchen and useful storage space. First floor: three bedrooms and a family bathroom.

Location

Situated in Gleadless, Sheffield, South Yorkshire.

Tenure / Property Information

Investment Analysis

Same-road completed sales range from £65,000 to £130,500. The most recent supplied comparable, 228 Blackstock Road, sold for £115,000 in March 2026. Given the subject is also a three-bedroom freehold terrace requiring modernisation, £115,000 is a reasonable evidence-based base GDV estimate, with a wide scenario range reflecting the comparable variation and unknown condition.

Investment Snapshot

Strategy Recommendation

Potential BTL or BRRR purchase only if inspection confirms manageable modernisation costs and the £800 pcm rental evidence is achievable. Do not rely on the apparent refinance headroom until full costs are known.

Works Required

Modernisation and updating as required following inspection, allowing the buyer to apply their own finishes. The evidence specifically identifies the property as requiring modernisation but provides no quantified scope or cost.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

At the £69,000 guide plus the known £3,600 administration charge, the pre-works and pre-other-fees acquisition figure is £72,600. A 75% refinance against the £115,000 base GDV would be £86,250, but the unknown modernisation cost and additional auction charges prevent a reliable cash-left-in or equity calculation.

Buy-to-Let Analysis

The only rental evidence is an advertised £800 pcm for a three-bedroom semi-detached house, not this property type and not an achieved rent. At the £69,000 guide, this implies an indicative gross yield of 13.91% before works, finance, management, maintenance and fees. A reliable net yield cannot be established without refurbishment and operating-cost information.

Flip Analysis

The supplied evidence supports a base resale value of £115,000, with comparable sales ranging from £65,000 to £130,500. A flip surplus cannot be calculated because refurbishment costs, selling costs and several auction-related charges are not supplied.

Investor Risks & Due Diligence

• Modernisation scope and cost are not quantified.

• The rental evidence is a single advertised asking rent for a semi-detached property, not an achieved rent for this end terrace.

• Additional auction charges may include search, seller-cost reimbursement, legal, transfer and other fees, but amounts are not supplied.

• Same-road sold evidence varies materially from £65,000 to £130,500, indicating valuation sensitivity.

Recommendation

Potential BTL or BRRR purchase only if inspection confirms manageable modernisation costs and the £800 pcm rental evidence is achievable. Do not rely on the apparent refinance headroom until full costs are known.

Strategy Rating

Analysis Confidence

There are several same-road completed sales, including a recent 2026 transaction, but refurbishment costs, detailed condition, achieved rent, operating costs and some auction fees are unavailable.