10, Hilda Wharf, Aylesbury, Buckinghamshire, HP20 1RJ

Description

Long leasehold second floor purpose built self-contained flat requiring modernisation. Full vacant possession.

Accommodation

Second floor: two bedrooms, reception room, dining area, kitchen, bathroom/WC and hall. Outside: allocated off-street parking. Gross Internal Area approximately 49 sq m (527 sq ft).

Location

Situated within Hilda Wharf, a residential cul-de-sac overlooking Vale Park, off High Street in central Aylesbury. Aylesbury Mainline Rail Station, local bus services, the A41 and A418 are nearby. Shopping amenities, cafes, bars and restaurants are available in Aylesbury Town Centre, including Friars Square Shopping Centre. Vale Park and the Grand Union Canal conservation corridor are nearby.

Tenure / Property Information

Investment Analysis

The five supplied Hilda Wharf leasehold flat sales range from £185,000 to £195,000, with a simple average of £191,100. These are relevant same-development comparables, although the evidence does not confirm their size, condition, floor, parking or lease terms relative to this flat. A base GDV of £191,100 is therefore indicative only, with a supported observed-sale range of £185,000–£195,000.

Investment Snapshot

Strategy Recommendation

Proceed only after inspection, lease and legal review, and firm refurbishment quotations. The guide-to-comparable-value gap is potentially attractive, but the absent works, rent and fee information means no reliable bid limit or strategy-specific return can be confirmed.

Works Required

Modernisation is required, but the supplied evidence does not specify the defects or scope. Obtain a full inspection and quotations before bidding; do not assume particular repairs, finishes or service upgrades.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

At the £85,000 guide, the indicative 75% refinance against the £191,100 base GDV is £143,325. However, refurbishment cost, total project cost, achievable rent, lender valuation and any seller completion fees are unknown, so cash left in and refinance viability cannot be calculated reliably.

Buy-to-Let Analysis

BTL yield cannot be established because no sufficiently specific rental comparable or auctioneer rent estimate is supplied. The flat is vacant and requires modernisation, so achievable rent and letting readiness remain unverified.

Flip Analysis

The same-development sales indicate an indicative resale value around £191,100, against the £85,000 guide. A flip surplus cannot be calculated because refurbishment costs, selling costs and potentially additional seller fees are not supplied. The £1,800 inclusive-of-VAT contract documentation fee is known but does not resolve the missing project costs.

Investor Risks & Due Diligence

• The flat requires modernisation, but the extent and cost of works are unknown.

• No reliable rental evidence is supplied, so BTL income and yield cannot be assessed.

• Seller may charge additional completion fees under the Special Conditions of Sale; amounts are unknown.

• Comparable sales may differ in size, condition, floor, parking allocation or lease terms; those details are not supplied.

• Lease term is stated inconsistently as approximately 94 years remaining and 93 years as of the auction date.

• Leasehold legal, management and service-charge information is not supplied.

• Heating details are not supplied.

Recommendation

Proceed only after inspection, lease and legal review, and firm refurbishment quotations. The guide-to-comparable-value gap is potentially attractive, but the absent works, rent and fee information means no reliable bid limit or strategy-specific return can be confirmed.

Strategy Rating

Analysis Confidence

Same-development completed sales and the guide price are supplied, but condition scope, refurbishment costs, rent, buyer fees and possible seller fees are incomplete.