1-bedroom flat · S8 8BN
Sold STCReduced £10k (−10%) on 2 JulListed 179 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Offered to the market with no chain is this spacioius one bedroom ground floor flat situated on this quiet cul-de-sac within the sought after suburb of Norton.
Whilst requiring a full scheme of modernisation throughout, fantastic potential is on offer to create a lovely home, and the property will be of particular interest to first time buyers, buy to let investors, or those looking to downsize.
Briefly comprises: Communal entrance lobby, private entrance hallway with large built in storage room, lounge, kitchen, double bedroom, and fitted bathroom.
Externally the property enjoys well maintained communal gardens alongside communal residents parking. Cypress Avenue is well placed for access to a wide range of amenities.
Graves Park is a short walk away whilst local shops and cafes can be found at the nearby St James Retail Park.
Excellent transport links into the city centre and inner ring road are also wtihin easy reach.
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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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.
Area
Agent & docs
FAQ
About Flat 2, 2 Cypress Avenue, Sheffield
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