10, Verney Close, Tring, Hertfordshire, HP23 5LB

Description

Leasehold first floor maisonette

Accommodation

Two bedrooms, reception room, kitchen, bathroom/wc. Outside: section of garden, garage en-bloc.

Location

The property is located on Verney Close which lies off Chiltern Way. Shopping amenities are available locally within Tring Town Centre, with a further range of shops, bars and restaurants found in Aylesbury Town Centre to the west. Public transport links are available at Tring Train Station to the east, along with local bus services. Road links include the A4251 and A41 to the south. Recreational pursuits can be found locally.

Tenure / Property Information

Investment Analysis

Completed Land Registry evidence on Verney Close ranges from £220,000 in 2019 to £250,000 in 2021, with the latest supplied sale at £235,000 on 24 July 2025. A base GDV of £235,000 is supported, with £220,000–£240,000 used as a cautious evidence-based scenario range. The comparable evidence does not confirm this maisonette's lease length, condition, service charge or exact specification.

Investment Snapshot

Strategy Recommendation

Proceed only subject to satisfactory lease and legal review, with particular focus on years remaining, ground rent, review terms and service charge. Do not rely on BTL or BRRR assumptions without verified rent and leasehold costs; set a bid limit only after those unknowns are resolved.

Works Required

No specific repair or refurbishment works are evidenced. Before bidding, verify the lease term, ground rent, review provisions, service charge, seller's additional completion fees and the property's physical condition. Any works allowance is unsupported and therefore excluded from the calculations.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

The base GDV estimate is £235,000 and 75% of this is £176,250. A BRRR cash-left-in calculation cannot be completed because refurbishment costs, leasehold charges, seller fees and total acquisition costs are unknown. The guide price of £185,000 is already above the indicative 75% GDV refinance figure before costs.

Buy-to-Let Analysis

BTL viability cannot be established because no sufficiently specific rental comparable or auctioneer rent estimate is supplied. Ground rent, service charge and lease details are also awaited, preventing a reliable net-cost or yield assessment.

Flip Analysis

Using the supplied evidence, the guide price is £50,000 below the £235,000 base GDV before the £1,800 buyer administration charge and any other costs. A reliable flip surplus cannot be calculated because works, acquisition costs, seller charges and selling costs are unsupported. The lease and property condition require verification.

Investor Risks & Due Diligence

• Lease information is awaited, including years remaining, ground rent, review provisions and service charge.

• The seller may charge additional completion fees under the special conditions of sale.

• No sufficiently specific rental evidence or auctioneer rent estimate is supplied.

• No property condition or refurbishment requirement is evidenced.

• Comparable sales may not reflect differences in lease terms, condition or specification.

Recommendation

Proceed only subject to satisfactory lease and legal review, with particular focus on years remaining, ground rent, review terms and service charge. Do not rely on BTL or BRRR assumptions without verified rent and leasehold costs; set a bid limit only after those unknowns are resolved.

Strategy Rating

Analysis Confidence

There are several relevant completed sales, including a recent same-close sale, but lease details, condition, rental evidence, service charges, ground rent and full transaction costs are unavailable.