125 Barber Road, Basingstoke, Hampshire, RG22 4EY

Description

A two-bedroom flat in Basingstoke. The accommodation comprises an open plan living room/kitchen, two bedrooms, a shower room and an en-suite.

Accommodation

Living Room/Kitchen: 6.40m x 4.57m; Bedroom One: 3.66m x 3.35m; En-Suite: 2.32m x 1.62m; Bedroom Two: 3.66m x 2.44m; Shower Room: 1.98m x 1.94m

Location

Basingstoke, Hampshire

Tenure / Property Information

Investment Analysis

Same-road completed sales range from £180,000 to £235,000, with a median of £195,000 and an average of £205,000. The comparables are flats/maisonettes but bedroom counts and condition are not supplied, so £195,000 is used as the base GDV. A supported scenario range is £180,000 to £235,000.

Investment Snapshot

Strategy Recommendation

Proceed only subject to confirming the lease, service charge, ground rent, legal title, physical condition and all special-condition costs. On the supplied evidence, the property is more clearly suited to a buy-to-let assessment than a committed flip, but the investment case remains conditional.

Works Required

No specific defects or refurbishment requirements are evidenced. Obtain legal and physical due diligence and budget only for works confirmed by inspection, together with any leasehold charges or compliance requirements.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

Using the £195,000 base GDV, a 75% refinance is approximately £146,250. Against the £130,000 guide plus the evidenced £2,760 buyer premium and admin charge, there is apparent gross headroom before refurbishment, legal, finance, tax and other auction costs. Total project cost and cash left in cannot be calculated because refurbishment and other applicable costs are not evidenced.

Buy-to-Let Analysis

The two advertised two-bedroom rents support an estimated range of £1,000–£1,100 pcm, equivalent to £12,000–£13,200 annually. Against the £130,000 guide, this indicates approximately 9.23%–10.15% gross yield, or 9.69% using the midpoint rent. Net yield cannot be established because service charge, ground rent, management, maintenance, voids and finance costs are unavailable. Asking rents are not achieved rents.

Flip Analysis

The evidence supports a base GDV of £195,000, with a £180,000–£235,000 comparable range. A flip surplus cannot be calculated reliably because refurbishment, resale, legal, finance, tax and selling costs are unavailable. At the guide price, the apparent gross difference to base GDV is not a profit estimate.

Investor Risks & Due Diligence

• Lease term, service charge and ground rent are not supplied.

• Additional search fees, seller costs, legal fees, transfer fees and other disbursements may apply.

• Comparable bedroom counts and property condition are not supplied, limiting GDV precision.

• Rental evidence comprises advertised asking rents rather than achieved rents.

• Refurbishment and physical condition are not evidenced.

• Finance, tax, resale and operating costs are unavailable.

Recommendation

Proceed only subject to confirming the lease, service charge, ground rent, legal title, physical condition and all special-condition costs. On the supplied evidence, the property is more clearly suited to a buy-to-let assessment than a committed flip, but the investment case remains conditional.

Strategy Rating

Analysis Confidence

There are several recent same-road completed sales and two rental adverts, but bedroom details, condition, lease terms, running costs, occupancy and additional auction costs are missing.