Summary - 55 MEADOWCROFT GARDENS WESTFIELD SHEFFIELD S20 8EJ
1 bed 1 bath Land
Bargain guide price lot for specialist auction buyers aware of lease issues.
£25pa ground rent under 99-year lease (less than 50 years unexpired)
Guide price £2,000–£2,500; sold at auction 22 October
No physical viewings; legal documents available for inspection
Buyer's administration fee £250 including VAT
Small plot size; freehold ground rent only (no vacant possession)
Area flagged as very deprived with high local crime
Excellent mobile signal and fast broadband; no flood risk
Settlement: minor conurbation; nearest park Rother Valley approx 1.5 miles
This lot is a low-cost freehold ground rent secured on a modern end-terraced house in the Westfield area of Sheffield. It is offered at auction with a guide price of £2,000–£2,500, making it suitable only to buyers comfortable with auction purchase terms and limited on-site information.
The ground rent is £25 per annum under a 99-year lease from 23 April 1976; under 50 years remain unexpired. That short remaining lease life is a material drawback for future mortgageability and reversion value—buyers should review the lease and legal pack before bidding. Legal documents are available for inspection but no physical viewings are offered.
The property sits in a neighbourhood recorded as very deprived with high crime indicators; nearby infrastructure includes good mobile signal and fast broadband. There is no flood risk recorded. The lot is small in size, carries a buyer’s administration fee of £250 (including VAT), and will be sold at auction on 22 October.
This lot will suit a specialist investor or buyer able to act on limited information and to manage lease considerations. It may offer speculative value for those who can legally consolidate the lease or hold for ground rent income, but it carries clear constraints and local-area risks that will affect long-term value.
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