Room 113, Apartment 2 14 Beeley Street, Sheffield, South Yorkshire, S2 4LP

Description

Offered for sale by auction is this fully let private bedroom with en-suite, close to Sheffield city centre. The property is fully furnished and includes communal kitchen, lounge, gym, laundry, games room and bike storage areas. Parking can be arranged separately with the managing agent. The property is tenanted, so no internal inspection is available.

Accommodation

Fully furnished bedroom with double bed, wardrobe, desk and chair, bedside table and a large fitted bathroom/en-suite. Communal kitchen, lounge, gym, laundry, games room and bike storage areas.

Location

Situated in a highly convenient location within easy reach of public transport links, restaurants, shops, pubs and a nearby supermarket. Close to Sheffield city centre.

Tenure / Property Information

Investment Analysis

No completed sales, specific rental comparables or auctioneer rent estimate were supplied. The £5,000 guide is not sufficient evidence of market value. The non-refundable £3,600 administration charge means the known guide-plus-admin commitment is £8,600 before any other charges, finance, service-charge adjustments or refurbishment costs.

Investment Snapshot

Strategy Recommendation

Do not bid on current evidence. Proceed only after reviewing the legal pack, tenancy and rent documentation, lease terms, service-charge position, condition evidence and all additional fees; then assess it as an income investment rather than assuming a flip or BRRR opportunity.

Works Required

No refurbishment works are evidenced. The room is described as fully furnished, but no internal inspection is available because it is tenanted. Verify condition, furniture, en-suite, communal facilities and lease obligations before bidding.

Rental & Market Context

Potential BRRR Position

BRRR is not underwritable from the supplied evidence. GDV, rent, condition, tenancy income and total acquisition/project costs are unavailable, and the property is a leasehold bedroom with communal facilities rather than a conventional self-contained dwelling as described.

Buy-to-Let Analysis

BTL returns cannot be established because no passing rent, tenancy terms or sufficiently specific rental evidence were supplied. The stated £2,431.68 annual service charge includes electricity, water and other services, while ground rent is £295 per annum. These costs must be assessed against the actual rent before proceeding.

Flip Analysis

A flip appraisal cannot be calculated because there are no completed sales, supported GDV, refurbishment allowance or selling-cost allowance. The property is tenanted and cannot be internally inspected, increasing uncertainty over resaleability and condition.

Investor Risks & Due Diligence

• No internal inspection is available because the property is tenanted.

• Passing rent and tenancy terms are not supplied, so income and yield cannot be verified.

• Annual service charge is £2,431.68 and includes electricity, water and other services; the net income effect is unknown.

• Ground rent of £295 per annum reduces net income.

• The £3,600 non-refundable administration charge is payable on exchange, before other possible legal-pack charges, seller-cost reimbursements, legal fees, transfer fees, buyer premium and disbursements.

• Leasehold terms, including the 185-year lease and any restrictions or obligations affecting letting and resale, require legal review.

• Parking is not included as a confirmed facility and may require separate arrangement with the managing agent.

• Condition of the room, en-suite, furniture and communal areas is unverified.

Recommendation

Do not bid on current evidence. Proceed only after reviewing the legal pack, tenancy and rent documentation, lease terms, service-charge position, condition evidence and all additional fees; then assess it as an income investment rather than assuming a flip or BRRR opportunity.

Strategy Rating

Analysis Confidence

Key valuation and investment inputs are missing, including rent, tenancy terms, comparable sales, condition inspection, EPC, council tax, auctioneer rent estimate and several potential purchase costs.