149 Ash Street, Ash, Aldershot, Surrey, GU12 6LJ

Description

A substantial detached property arranged over two storeys. The property was previously used as a five bedroom care home, with additional dining room, lounge, utility room, kitchen, office and bathrooms. Externally the property benefits from a large front driveway and rear garden. In need of modernisation. Extension / development potential subject to requisite consents. Vacant.

Accommodation

Ground Floor - Entrance Hallway, Bedroom, Three Reception Rooms, Kitchen, WC, Store, Wash Room, Dressing Room, Bathroom/WC. First Floor - Four Bedrooms, Wet Room/WC, Bathroom/WC.

Location

Ash is a village in the county of Surrey. Located on the north side of Ash Street, close to the turning for Grange Road. Aldershot town centre amenities are approximately 2 miles. Recreational amenities of Ash Green Meadows and Rowan Fields are easily accessible. Major road links are via the A31/A331. Transport Ash - GWR / South Western Railway.

Tenure / Property Information

Investment Analysis

The £360,000 guide can be compared only with three historic Land Registry sales: £400,000 for 123 Ash Street in 2016, £285,000 for 113 Ash Street in 2013 and £275,000 for Box Farm House in 2001. These are dated, lack stated size/condition adjustments and do not establish a current GDV. The property is vacant, was previously used as a five-bedroom care home and needs modernisation. No sufficiently specific rental evidence or auctioneer rent estimate is available.

Investment Snapshot

Strategy Recommendation

Do not set a bid from the supplied evidence alone. Obtain a current local valuation, detailed inspection and refurbishment budget, confirm the lawful planning/use position following the former care-home use, and review all auction fees and special conditions.

Works Required

Modernisation of the existing detached property, subject to inspection and any required consents. The evidence does not specify particular defects, so no detailed works schedule or cost allowance can be supported.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

A BRRR assessment cannot be quantified because current GDV, refurbishment costs, rent and finance-related costs are unsupported. Refinance viability should not be assumed from the historic comparable evidence.

Buy-to-Let Analysis

BTL returns cannot be established because no sufficiently specific external rental comparables or auctioneer rent estimate are provided. The former care-home use and required modernisation also make the appropriate residential letting position uncertain without further investigation.

Flip Analysis

A flip surplus cannot be calculated. The available sales are historic and lack sufficient detail for a current resale valuation, while refurbishment costs and selling allowances are not provided.

Investor Risks & Due Diligence

• Former five-bedroom care-home use may require verification of the lawful planning and use position.

• The property is described as needing modernisation, but the extent and cost of works are unknown.

• Extension or development potential is expressly subject to requisite consents.

• Buyer fees, VAT applicability and possible seller charges are not quantified.

• No sufficiently specific rental evidence is available.

• Historic comparable sales may not represent current market value or this property's size and condition.

Recommendation

Do not set a bid from the supplied evidence alone. Obtain a current local valuation, detailed inspection and refurbishment budget, confirm the lawful planning/use position following the former care-home use, and review all auction fees and special conditions.

Strategy Rating

Analysis Confidence

Only three dated sold comparables are supplied, with no current valuation evidence, rental evidence, refurbishment costs, buyer fee amount or detailed condition assessment.