2-bedroom flat · S5 7JW
For saleListed 39 days
Opportunity summary
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About
** NO CHAIN ** LIFT ** FIRST FLOOR APARTMENT ** A beautifully presented two/three-bedroom first-floor apartment, offered on a 50% shared ownership basis, within this popular over-55s development at Busk Grange.
This well-maintained property offers spacious and versatile accommodation, complemented by an upgraded kitchen and shower room.
The apartment benefits from uPVC double glazing, electric heating, an intercom entry system and communal parking.
A communal entrance hall provides access to the building, with both lift and stair access to all floors.
An excellent opportunity to purchase this property on a 50% shared ownership basis, with the option to purchase 100% ownership, subject to eligibility and the terms of the shared ownership scheme.
For further information regarding eligibility, rent payable on the remaining share and purchasing the property at 100%, please contact the selling agent.
Busk Grange has been thoughtfully designed to provide a comfortable and sociable lifestyle for residents aged 55 and over.
The development features lift access to all floors, residents' parking, beautifully maintained communal gardens and an on-site café, together with a regular programme of organised activities.
Upon entering the apartment, a spacious entrance hall provides access to all rooms and benefits from a useful storage cupboard with fitted shelving.
The bright and airy open-plan living, dining and kitchen area provides an excellent sociable space.
The kitchen is fitted with a range of units complemented by contrasting work surfaces incorporating a sink and drainer.
Integrated appliances include a double electric oven, four-ring electric hob with extractor above, together with housing and plumbing for a washing machine and space for a fridge freezer.
There are two well-proportioned double bedrooms, with the principal bedroom benefiting from access to the Jack and Jill shower room.
A versatile utility room/third bedroom currently houses a tumble dryer. Outside - Well-kept communal ground, seating area and communal parking.
Location - The development is conveniently situated close to Northern General Hospital and is within easy walking distance of local shops, supermarkets and regular bus services, providing excellent access to surrounding areas.
Material Information - The property is Leasehold with a term of 99 years running from the 1st May 2007 (79 years remaining). Service Charge per month = £182.74.
The property is sold on a 50% ownership basis. Rent per month = £280.63. The property is currently Council Tax Band A. Valuer - Greg Ashmore MNAEA
Value & comps
No previous sales on record.
Returns
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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
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FAQ
About Busk Grange, Busk Meadow, Sheffield, S5
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