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Myers Grove Lane, Stannington, Sheffield - Image 1
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Myers Grove Lane, Stannington, Sheffield

Yorkshire

£300,000
Listed on 05/10/2025

Property Details

Bedrooms
3
Type
Detached house
Area
808 sqft

Description

This three-bedroom bungalow, set on a spacious plot, offers a significant opportunity for renovation and investment in the desirable Stannington area. The property features front and rear gardens, a garage, car port, and a driveway that accommodates multiple vehicles. While it is equipped with gas central heating and double glazing, some cosmetic updates are needed to bring it to its full potential, making it an ideal project for buyers looking to personalize their living space. Upon entering through the side porch, you will find an entrance hall that provides access to various areas of the home. The lounge is located at the rear of the house, featuring a classic fireplace, while the kitchen includes a range of cabinetry and workspace with plumbing for essential appliances. Three bedrooms offer flexibility for family living or guest accommodation; two of them come with fitted wardrobes to maximize storage options. A partially modernized shower room enhances functionality while allowing room for further improvement. Outside, the property boasts a driveway leading to both the garage and car port, facilitating easy access. The front garden is well-maintained, while the rear garden primarily features lawn space alongside a paved patio area—perfect for outdoor relaxation or entertaining. The location provides excellent amenities within Stannington itself, including a Co-op superstore, pharmacy, and medical center. Additionally, local public houses offer dining options in a friendly atmosphere. For those commuting or exploring further afield, frequent public transport links are readily available. Families will appreciate the proximity to reputable schools as well as outdoor enthusiasts who can enjoy quick access to Rivelin Valley trails or venture into the nearby Peak District National Park. With its renovation potential and prime location near essential services and nature pathways, this bungalow presents an appealing proposition for those looking to invest in a property that can be transformed into their ideal home.

Investment Analysis

(S6 area)

Above Market Value

This property is priced +52.2% above area average per sq ft

+52.2%
This Property
£371/sq ft
Area Average
£244/sq ft
Avg Rent (weekly)
£202
Avg Yield
4.9%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £30,000
Target Value
£216,867
10% above area average per sq ft
Potential ROI
-34.3%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
54
Average per month
Market Turnover
36%
Properties sold annually

Local Market Trend (S6)

Area prices are rising by +2.6% over the last 12 months
3 year growth: 5.6%
5 year growth: 26.3%
Investment Disclaimer: Analysis based on S6 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Any renovation cost estimates provided are AI-generated and should be considered indicative only. Renovation costs vary significantly based on property condition and scope of work. Always conduct professional surveys and get multiple quotes before making investment decisions.

Location

Myers Grove Lane, Stannington, Sheffield
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£1,099
Based on a loan of £225,000 over 30 years at 4.19% interest

These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.

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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE