Blundells says ..

Property Oracle says ..

This property listing presents a potential development opportunity in the Broomhill and Sharrow Vale area of Sheffield. The listing details a site of approximately 350 square metres containing twelve semi-derelict garages. The site’s location is described as being between 3 and 4 Endcliffe Vale Road, near Endcliffe Terrace Road. The property is marketed as having potential for residential development, subject to obtaining the necessary planning permissions. The current state of the garages is poor, with visible signs of deterioration, as shown in the pictures. The lack of square footage, bathroom and bedroom information highlights the property is a building plot rather than a habitable property. The price of £150,000 positions this property as a riskier investment for someone looking to profit from development rather than obtaining ready-to-live-in accommodation. Nearby schools and transport links add value to the property’s location; however, prospective buyers should carefully consider the necessary costs of demolition, planning applications, and construction before making an offer. Additional investigation into the potential yield from the development, compared to the overall costs and current market conditions, is crucial before determining its investment viability.

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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