16 Hunters Hill, Burghfield Common, Reading, Berkshire, RG7 3HL

Description

A Vacant First Floor Two Bedroom Flat. The property comprises a first floor two bedroom flat situated within a purpose built block arranged over ground and three upper floors.

Accommodation

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

Location

The property is situated on a residential road close to local shops and amenities. There are numerous open spaces within easy reach. Transport links are provided M4.

Tenure / Property Information

Investment Analysis

Five same-road leasehold flat sales provide the strongest evidence, ranging from £135,000 to £154,000, with an average of approximately £142,700. A base GDV of £143,000 is used, subject to differences in condition, floor position, size, parking, service charge and exact specification, none of which are supplied.

Investment Snapshot

Strategy Recommendation

Potential purchase for owner occupation or investment only after confirming condition, leasehold liabilities and legal-pack charges. Do not set a maximum bid until refurbishment, service charge, rent and transaction costs are evidenced.

Works Required

No refurbishment requirements or condition issues are stated. Obtain a survey and confirm the legal pack, lease terms, service charge, planned major works and any required compliance works before budgeting.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

Using the base GDV, 75% refinance is approximately £107,250. Cash left in cannot be calculated reliably because the purchase price, refurbishment allowance and potentially payable auction costs are not fixed. The long lease supports mortgageability subject to lender and legal-pack checks, but leasehold charges remain unknown.

Buy-to-Let Analysis

BTL viability cannot be established because no sufficiently specific rental evidence, auctioneer rent estimate, service charge, ground rent or full ownership costs are provided. The £1,800 administration fee is known, while other disbursements and charges remain uncertain.

Flip Analysis

The evidence supports a resale value range of £135,000 to £154,000, with a base of £143,000. A flip surplus cannot be calculated because refurbishment costs, acquisition costs beyond the £1,800 administration fee, finance costs and selling costs are unsupported or unknown.

Investor Risks & Due Diligence

• No rental evidence is available, so rental yield and BTL cash flow cannot be assessed.

• Condition and refurbishment requirements are unspecified.

• Service charge, ground rent and any major works liabilities are not provided.

• Additional disbursements, seller-cost reimbursements, legal fees, transfer fees or search fees may apply under the special conditions.

• Comparable sales may differ in size, condition, floor position, parking and leasehold charges.

• Auction purchase carries a fixed £1,800 administration fee plus other potentially payable costs.

Recommendation

Potential purchase for owner occupation or investment only after confirming condition, leasehold liabilities and legal-pack charges. Do not set a maximum bid until refurbishment, service charge, rent and transaction costs are evidenced.

Strategy Rating

Analysis Confidence

There are five relevant same-road completed sales and clear tenure and occupancy information, but condition, accommodation size, rent, leasehold charges, refurbishment costs and several transaction costs are unavailable.