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See how verdicts work2-bedroom flat · S8 7TY
For saleReduced £10k (−5.9%) on 9 OctListed 56 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Guide Price £170,000 - £180,000 A well-presented and spacious two double bedroom first/top-floor apartment, situated within a quiet cul-de-sac and enjoying pleasant views towards the Peak District.
Offering light and airy accommodation with neutral décor throughout, the property is ideally suited to first-time buyers, professionals or investors.
Offered for sale with no onward chain, the property also benefits from resident parking and a garage.
Steps lead to the private entrance on the first floor, opening into an inner hallway with useful storage cupboard and access to all rooms.
The bright and airy living room is a spacious and flexible reception space, featuring a neutral carpet, modern feature fireplace and generous front-facing window allowing plenty of natural light into the room.
The modern fitted kitchen is well equipped with a range of wall and base units, integrated electric oven and hob, fridge and freezer, with additional space for a dining table and chairs.
There are two good-sized double bedrooms, both well presented with white walls, neutral carpeting and plenty of space for wardrobes and additional bedroom furniture.
Both bedrooms are rear-facing and offer a pleasant, private outlook.
The modern shower room is fitted with a contemporary suite including a corner shower cubicle, wash hand basin and WC, complemented by tiled walls.
Externally, the property benefits from the use of a small area of lawn, providing a pleasant space to sit out and relax, along with resident parking and a garage.
An attached external storage cupboard provides useful additional storage space.
Chancet Wood Road is situated in the popular S8 area of Sheffield, offering convenient access to a range of local amenities, shops, cafés and everyday facilities.
The surrounding area provides excellent access to local transport links, with regular bus services and convenient road connections into Sheffield city centre and the wider South Yorkshire area.
The property is also well placed for access to the green spaces and recreational facilities found throughout the south-west of Sheffield, making this a well-connected location for those looking for a quieter residential setting while remaining within easy reach of the city.
Lease information The property currently has 54 years remaining on the lease.
The owner is in the process of purchasing a 90-year lease extension, which will be completed prior to completion of the sale. This will increase the remaining lease term to approximately 144 years.
The current annual ground rent is £75.00. Following completion of the lease extension, the ground rent will reduce to £0.00.
The annual service charge is £240.00, and the property is managed by the residents.
Value & comps
No previous sales on record.
Returns
Set an offer; the calculator follows it.
We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below asking
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All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisers before making any investment decisions.
Past performance does not guarantee future results. Tax implications vary by individual circumstances.
Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
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FAQ
About 8, Chancet Wood Road, Sheffield
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