Number 32 Newbould Lane, Sheffield, South Yorkshire

Description

Substantial five bedroom terrace in sought after Broomhill. The property extends across three floors and requires complete renovation. It includes original details such as the staircase, high ceilings and generous room sizes, with off road parking to the rear and an outside toilet.

Accommodation

Ground floor: entrance hall, bay fronted living room, separate dining room, kitchen and conservatory overlooking the rear. Cellar providing storage with scope for a variety of uses subject to necessary consents. First floor: three bedrooms and a family bathroom. Second floor: two bedrooms.

Location

Located in the heart of Broomhill, within easy reach of local shops, cafés, schools, universities, hospitals and Sheffield city centre.

Tenure / Property Information

Investment Analysis

The £329,000 guide is not independently supported by the supplied evidence. The only sold comparables are historic transactions from 1997 to 2012, including properties on Newbould Lane, and no current comparable evidence is provided. The property requires complete renovation, but no refurbishment quotation, floor area, current valuation or current rental evidence is supplied. The known auction admin charge is £3,600 including VAT, with further possible legal, search, transfer and seller-cost disbursements unspecified.

Investment Snapshot

Strategy Recommendation

Do not bid on the supplied evidence alone. Proceed only after reviewing the legal pack and lease, obtaining a full building survey and detailed renovation quotation, and establishing current comparable values and rental evidence.

Works Required

Complete renovation as described by the auctioneer. The scope, specification and cost cannot be quantified from the evidence. Any proposed use of the cellar is subject to necessary consents. Original staircase, high ceilings and other original details may require careful retention during works.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

A BRRR assessment cannot be completed. Acquisition at the £329,000 guide would also incur the known £3,600 admin charge, plus potentially material additional auction and legal-pack costs. Without a supported post-renovation GDV, works budget and rent, refinance proceeds and cash left in cannot be calculated.

Buy-to-Let Analysis

BTL analysis cannot be established because no sufficiently specific rental comparable, auctioneer rent estimate, EPC, operating-cost information or refurbishment budget is supplied. The five-bedroom configuration and Broomhill location are described, but achievable rent must not be assumed.

Flip Analysis

A flip assessment cannot be completed reliably. The supplied sold comparables are too historic to establish a current GDV, while renovation costs and resale costs are unknown. The guide price, known admin charge and unspecified additional costs would need to be tested against a current valuation and detailed refurbishment quotation.

Investor Risks & Due Diligence

• Complete renovation is required, but no scope or cost estimate is provided.

• The lease terms and legal position are not supplied and require review.

• Additional search, legal, transfer, seller-cost reimbursement and other disbursements may apply.

• The cellar's potential uses are subject to necessary consents.

• No current comparable sales evidence is supplied to support the guide price or GDV.

• No sufficiently specific rental evidence or passing rent is supplied.

• Occupancy information is not provided.

Recommendation

Do not bid on the supplied evidence alone. Proceed only after reviewing the legal pack and lease, obtaining a full building survey and detailed renovation quotation, and establishing current comparable values and rental evidence.

Strategy Rating

Analysis Confidence

Evidence is incomplete for valuation, refurbishment cost, rent, lease terms, EPC, occupancy, condition detail and additional purchase costs. The available sold comparables are historic and no current rental evidence is supplied.