11B, Simplemarsh Road, Addlestone, Surrey, KT15 1QH

Description

A Vacant First and Second Floor Two Bedroom Split Level Flat. The property comprises a first and second floor two bedroom split level flat situated within a mid terrace building arranged over ground and two upper floors.

Accommodation

First Floor: Reception Room, Kitchen. Second Floor: Two Bedrooms, Bathroom.

Location

The property is situated on a residential road close to local shops and amenities. The open spaces of Victory Park are within easy reach. Transport links are provided by Addlestone rail station.

Tenure / Property Information

Investment Analysis

The supplied comparables on Simplemarsh Road range from £245,000 to £285,000, including £285,000 for 9A in December 2025. However, the comparable lease terms, condition and accommodation are not provided, while this flat has approximately 34 years unexpired. A reliable adjusted GDV or market value cannot therefore be established from the evidence alone.

Investment Snapshot

Strategy Recommendation

Do not bid on the current evidence alone. Obtain legal-pack details on lease extension, ground rent, service charge and disbursements, and obtain independent valuation and rental advice before considering the property.

Works Required

No specific defects or required refurbishment are evidenced. Allow for inspection-led works only, together with investigation of the short lease, service charge, ground rent and any legal-pack requirements. EPC rating is D.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

BRRR cannot be reliably assessed. A refinance value, refurbishment budget and rent are unsupported, and the short remaining lease may materially constrain refinancing. The £1,800 inc VAT administration charge is known, but potential disbursements and other legal-pack charges are not quantified.

Buy-to-Let Analysis

BTL appraisal cannot be established because no sufficiently specific rental evidence or auctioneer rent estimate is supplied. The approximately 34-year lease is a significant underwriting issue and may restrict mortgageability, tenant demand and exit options.

Flip Analysis

A flip appraisal cannot be established. Although nearby completed sales provide a broad reference range of £245,000–£285,000, the comparable lease terms and condition are unknown and no selling allowance or works budget is supplied. The short lease is a major resale risk.

Investor Risks & Due Diligence

• Approximately 34 years remain on the lease, creating valuation, mortgageability and resale risk.

• Comparable lease lengths, service charges, ground rents and condition are not supplied, so their sale prices cannot be reliably adjusted.

• No sufficiently specific rental evidence is available, preventing yield analysis.

• Condition details are limited and no refurbishment budget can be supported.

• Potential disbursements, search fees, seller-cost reimbursement, legal fees and transfer fees are not quantified.

• The £95,000+ guide is not a confirmed purchase price and is stated to be plus fees.

Recommendation

Do not bid on the current evidence alone. Obtain legal-pack details on lease extension, ground rent, service charge and disbursements, and obtain independent valuation and rental advice before considering the property.

Strategy Rating

Analysis Confidence

There is useful same-road completed-sale evidence and confirmed tenure, vacancy and lease length, but comparable lease details, rent, condition, works, service charges, ground rent, disbursements and selling costs are unavailable.