1 Westonia (Basement Flat), 9, Park Place, WESTON-SUPER-MARE, Avon, BS23 2BA

Description

Leasehold basement flat comprising two bedrooms, reception room, kitchen and bathroom/WC.

Accommodation

Two bedrooms, reception room, kitchen, bathroom/wc

Location

The property is located on Park Place. Shopping amenities are available locally within Weston-Super-Mare Town Centre, with a further range of shops, bars and restaurants in Bristol City Centre. Public transport links are available at Weston-Super-Mare Train Station, Weston Milton Rail Station and local bus services. Road links include the A370. Recreational pursuits can be found at Grove Park and along the sea front.

Tenure / Property Information

Investment Analysis

Same-street completed sales range from £88,500 to £309,500, with more recent evidence at £90,000 and £215,000. Property sizes, condition, lease lengths and sale details are unavailable, so comparability is weak. A cautious base GDV of £111,000 uses the available £111,000 same-street sale, with £90,000 and £215,000 treated as low and high evidence points rather than formal valuation scenarios.

Investment Snapshot

Strategy Recommendation

Proceed only as a conditional lease-and-inspection opportunity. Obtain the full lease, charges, special conditions and an independent valuation before bidding; do not rely on the apparent guide-price discount or headline rental yield without confirming rent and condition.

Works Required

No condition defects or refurbishment requirements are supplied. Arrange inspection and obtain any required repair, compliance and lease-related cost information before bidding.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

Using the guide plus the known £1,800 documentation fee gives a provisional cost of £61,300 before works and other charges. At the £111,000 base GDV, 75% refinancing is £83,250, implying approximately £21,950 of capital could remain unrecovered before finance, tax and other costs. This is not reliable until the lease, valuation, works and lender acceptability are confirmed.

Buy-to-Let Analysis

Advertised rental evidence ranges from £600 to £1,100 pcm; these are asking rents, not achieved rents. At the £59,500 guide, the indicated gross yield range is approximately 12.1% to 22.2%. Including the known £1,800 documentation fee but excluding unknown lease costs, seller fees, finance, tax and other expenses, the range is approximately 11.7% to 21.5%. Actual BTL viability depends materially on achievable rent, lease terms, service charge and ground rent.

Flip Analysis

A base GDV of £111,000 is only an indicative evidence-led scenario because same-street sales vary substantially and property condition, size and lease details are unknown. With no supported refurbishment budget or selling-cost allowance, a reliable flip surplus cannot be calculated.

Investor Risks & Due Diligence

• Lease length, ground rent, review terms and service charge are unknown.

• Additional seller fees may apply under the Special Conditions of Sale.

• Property condition and any refurbishment or compliance requirements are unknown.

• Comparable sale prices vary substantially and lack size, condition and lease-detail information.

• Rental figures are advertised asking rents rather than achieved rents.

• Basement flat lender and resale acceptance should be confirmed.

• No parking or heating information is provided.

Recommendation

Proceed only as a conditional lease-and-inspection opportunity. Obtain the full lease, charges, special conditions and an independent valuation before bidding; do not rely on the apparent guide-price discount or headline rental yield without confirming rent and condition.

Strategy Rating

Analysis Confidence

There are several same-street completed sales and two advertised rents, but property comparability is uncertain and key lease, condition, cost and occupancy information is missing.