2-bedroom flat · S7 1RU
For saleListed 553 days
Opportunity summary
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About
Shared ownership opportunity 14 birchcroft, 17 nether edge road, sheffield, S7 1RU price £ 89,250 ( for the vendors 70% interest) warranting A full inspection, in our opinion, this two bedroom apartment is gas centrally heated and double glazed throughout, and whilst located on the first floor of the development, as pedestrian access from Nether Edge Road is by way of a footbridge entering at first floor level, the property in many respects has all the benefits of a ground floor apartment.
Forming part of a Housing Association Leasehold Scheme for the Elderly, the occupants have a fixed 70% equity share, which cannot be staircased, but there is no rental payment to be made on the proportion of the property not owned.
With the benefit of a Warden Call Service and being within level walking distance of the local shopping facilities to be found at the junction of Nether Edge Road and Shaldon Road, the accommodation comprises:- entrance hall having a built in Closet and and a control point for the door porter system.
Lounge (about 16’ x 10’2”) having box bay window looking to the rear.
Adjoining kitchen (about 13’10” x 5’7”) having a stainless steel sink unit with mixer tap set into an “L” shaped working surface with cupboards below and space, plumbing and drainage for a dishwasher.
An adjoining worktop with drawers below and space for a washing machine, and ranges of wall cupboards which in part enclose the gas fired central heating boiler.
The walls are part ceramic tiled and there is a walk in store cupboard. Bedroom no.1 (about 16’8” x 8’8” overall measurements).
Bedroom no.2 (about 16’ x 8’5” overall measurements) with a range of mirror sliding door wardrobes. Shower room/W.C.
The walls being part ceramic tiled and having a suite of vanitory wash hand basin with cupboards below, shower cubicle with electric shower unit and low flush W.C.. A fitted electric extractor fan.
Outside Communal gardens and grounds shared in common with other occupants of the development and ample off street car parking space with access from Ashland Road. N.B.
All measurements are approximate and unless otherwise stated are the overall maximum measurements including into recesses and bay windows measured plaster to plaster.
General remarks tenure The property is Leasehold for a term of 99 years from the 1st October 1989 at a peppercorn ground rent.
Rating assessment We are verbally advised by the Local Authority that the property is assessed for Council Tax purposes to Band A.
Service charge A Service Charge is levied to cover the cost of upkeep of the grounds and common areas, repairs and maintenance, external decoration, management costs, insurance and the provision of a Warden Call Service.
We are advised that at the present time, the Service Charge amounts to £1,885.32 per annum.
Central heating & double glazing The property has the benefit of gas fired central heating with panel radiators throughout, and the windows throughout are uPVC framed replacement units with fitted sealed unit double glazing.
Vacant possession Vacant possession will be given on completion and all fixtures and fitting mentioned in the above particulars are to be included in the sale.
Price £89,250 for the existing owners 70% share.
Viewing To view and for any additional information contact The Sole Selling Agents, Crapper & Haigh, Chartered Valuation Surveyors, Auctioneers and Estate Agents:- Crapper & Haigh Ltd., 9-11 Figtree Lane, Sheffield S1 2DJ Telephone Web Site – e-mail –
Value & comps
No previous sales on record.
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Returns
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Archie refurb estimate: a Pro feature
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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 14 Birchcroft, Nether Edge Road, Sheffield
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