11 Bishopstoke Manor, Church Road, Bishopstoke, Eastleigh

Description

Vacant Second Floor 2 Bedroom Apartment. Leasehold second floor apartment comprising entrance hall, hallway, sitting/dining room, kitchen, 2 bedrooms and a bathroom. There are approximately 83 years remaining on the Lease.

Accommodation

Hallway; Living/Dining Room - 5.14 x 3.95 m; Kitchen - 3.88 x 2.39 m; Bedroom 1 - 5.20 x 2.70 m; Bedroom 2 - 2.96 x 2.65 m; Total Floor Area - 95 sq.m.

Location

The property is conveniently located within close proximity to Eastleigh town centre, which hosts a variety of amenities. Eastleigh's mainline station and both the M23 and M27 motorways are within easy reach of the property. Location Pin (What3Words): rabble.pinks.faced.

Tenure / Property Information

Investment Analysis

Same-development sold comparables range from £212,500 to £270,000 between 2016 and 2020. A base GDV of £247,000 is used, with a supported evidence range of £212,500–£270,000. No current valuation evidence or auction guide is supplied, so this remains indicative.

Investment Snapshot

Strategy Recommendation

Proceed only if the auction price leaves a clear margin below the evidence-supported GDV after leasehold, legal, auction and any refurbishment costs are confirmed.

Works Required

No specific defects or refurbishment requirements are evidenced. Allowance should be based on inspection only; review the lease, service charge position and legal pack before bidding.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

A BRRR assessment cannot be completed reliably because no purchase price, refurbishment budget, finance costs or confirmed achievable rent is supplied. A 75% refinance of the base GDV indicates £185,250 gross refinancing capacity, before lender valuation and costs.

Buy-to-Let Analysis

Advertised rental evidence ranges from £515 to £1,100 pcm, but the evidence is limited and includes non-comparable listings. At £1,100 pcm, annual gross rent would be £13,200, implying approximately 5.3% against the base GDV before costs. Purchase-price yield cannot be established without a guide or bid price.

Flip Analysis

Indicative resale value is supported by same-development comparables, with a base GDV of £247,000. Flip surplus cannot be calculated because purchase price, works, selling costs and other project costs are unavailable.

Investor Risks & Due Diligence

• Approximately 83 years remain on the lease, which may affect mortgageability and resale.

• No service charge, reserve fund or lease-administration costs are supplied.

• The property condition, heating and parking position are not evidenced.

• Additional auction, legal, search, transfer and seller-cost charges may apply.

• Rental evidence is limited and consists of advertised asking rents rather than achieved rents.

• No guide price is supplied, preventing maximum-bid and purchase-cost analysis.

Recommendation

Proceed only if the auction price leaves a clear margin below the evidence-supported GDV after leasehold, legal, auction and any refurbishment costs are confirmed.

Strategy Rating

Analysis Confidence

Same-development sold comparables and lease details are supplied, but evidence is historic; guide price, condition, service charges, parking, finance costs and reliable achieved rent are unavailable.