1-24 Ryecroft Gardens, Blackwater, Camberley, Hants, GU17 0HZ

Description

The property comprises a freehold ground rent investment comprising 24 Maisonettes (all sold off on long leases). Roof development potential, subject to requisite consents.

Accommodation

24 maisonettes

Location

The properties are located on Ryecroft Gardens which is located off Kingsway. Local amenities can be found on London Road, Rosemary Lane and Marshall Road. Recreational amenities of Yateley Common Country Park, Sandhurst Memorial Park and Shepherd Meadow Nature Reserve are all easily accessible. Transport: Blackwater - National Rail.

Tenure / Property Information

Investment Analysis

This is a freehold ground-rent investment comprising 24 maisonettes sold on long leases. The evidence does not provide the tenancy schedule, individual ground rents, review provisions, lease terms, arrears, management obligations, or roof-development valuation. The supplied sales are of individual terraced properties and are not directly comparable to the freehold ground-rent investment, so they do not support a GDV or market-value estimate. The £5,000 guide cannot be treated as value evidence. Buyer fees, VAT and possible seller charges are also unspecified.

Investment Snapshot

Strategy Recommendation

Proceed only as a specialist ground-rent acquisition after reviewing the legal pack and verifying the complete income schedule, lease terms, arrears, obligations, VAT and all buyer/seller charges. Do not bid on the basis of the guide price or roof-development potential alone.

Works Required

No refurbishment works are evidenced. The stated roof development potential should be treated only as a possible future opportunity, subject to investigation, planning and all requisite consents; no development costs or value are supported.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

BRRR is not supportable on the evidence. There is no refurbishment scope, supported GDV, rent, finance cost or refinance valuation. Any potential value from roof development is uncertain and subject to consents, so it should not be included in underwriting.

Buy-to-Let Analysis

A conventional BTL yield analysis cannot be completed because the property is a freehold ground-rent investment rather than a directly let dwelling portfolio, and no ground-rent schedule or passing income is supplied. The legal pack should confirm the rent payable by each of the 24 maisonettes, review dates, lease lengths, arrears and collection/management obligations before bidding.

Flip Analysis

A flip analysis cannot be established. The supplied comparables relate to individual terraced freehold properties, not the subject freehold ground-rent investment, and no supported resale value or selling-cost allowance is available.

Investor Risks & Due Diligence

• Ground-rent income, review provisions and arrears are unknown.

• Lease lengths, covenants and landlord obligations require legal-pack verification.

• Buyer premium, VAT and possible seller charges are unspecified.

• Roof development potential is subject to requisite consents and has no supported valuation or cost evidence.

• The supplied sold comparables are individual terraced properties and may not represent the value of the subject freehold investment.

• Management, maintenance and compliance obligations for the maisonettes are not supplied.

Recommendation

Proceed only as a specialist ground-rent acquisition after reviewing the legal pack and verifying the complete income schedule, lease terms, arrears, obligations, VAT and all buyer/seller charges. Do not bid on the basis of the guide price or roof-development potential alone.

Strategy Rating

Analysis Confidence

The core income evidence is missing: no ground-rent schedule, lease details, arrears, valuation, rental evidence, costs or confirmed fees are supplied. The comparable sales are not directly comparable to the subject investment.