Blundells says ..

Property Oracle says ..

This property is a 70% share of a two-bedroom ground floor apartment located in the Nether Edge area of Sheffield. The apartment is part of a purpose-built residential development specifically for those aged 55 and over. The listing price is £75,000. The property’s age is evident from the provided photographs, showcasing dated interior finishes, including carpets, wallpaper, kitchen, and bathroom. Modernization is needed throughout. A small shared garden area is also visible. The location benefits from proximity to Nether Edge Primary School, several other schools and Sheffield City Centre. The average prices of nearby streets show significant variation, with some houses in the area commanding very high prices. However, the leasehold nature of the apartment, restricted to those aged 55+, and the considerable renovation required significantly impact its overall value. Potential buyers should carefully consider the limitations of the leasehold scheme, potential costs for the necessary renovations, and compare to similar properties in the over 55’s market within the wider area. This property offers an affordable entry point to the Nether Edge area, but substantial investment will be needed. A full survey will be recommended to any potential purchaser.

Therefore, we give this property 5 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

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