16 West St Helen Street, Abingdon, Oxfordshire

Description

Vacant long leasehold self-contained ground floor flat. GIA approximately 34 sq m (366 sq ft).

Accommodation

Reception Room/Bedroom, Kitchen, Bathroom

Location

Located on the east side of West St Helen Street, to the north of its junction with St Edmund's Lane. The shops and amenities of Abingdon are to the north. Radley station is approximately 2.5 miles to the north east. The A34 is to the west. Abbey Gardens are to the north east.

Tenure / Property Information

Investment Analysis

The £40,000+ guide is materially below the supplied nearby sold prices of £148,000–£290,000, but those comparables lack floor areas, accommodation details, condition and transaction context. They therefore cannot support a reliable valuation for this 34 sq m flat. The long lease and peppercorn ground rent are favourable, but service charge, lease restrictions, condition and other property-specific details are not supplied. A defensible GDV and maximum bid cannot be calculated from the evidence provided.

Investment Snapshot

Strategy Recommendation

Treat as a potentially low-entry purchase, but do not set a bid or strategy from the supplied evidence alone. Obtain a viewing, title/lease review, service-charge information, EPC, full acquisition costs and specific rental or valuation evidence before bidding.

Works Required

No specific defects or refurbishment requirements are evidenced. Allowance should therefore remain unquantified pending inspection, including verification of condition, kitchen, bathroom, finishes, services and any common-part requirements.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

A BRRR assessment cannot be calculated because GDV, rent, refurbishment costs, service charges and acquisition costs are unsupported. The approximately 947 years remaining and peppercorn ground rent are positive lease features, subject to title and lender review.

Buy-to-Let Analysis

BTL analysis cannot be established because no sufficiently specific rental comparable or auctioneer rent estimate is supplied. Rental demand, achievable rent, service charge, council tax, insurance and operating costs are also unconfirmed.

Flip Analysis

The supplied sold comparables indicate local flat sales between £148,000 and £290,000, but their sizes and specifications are unknown and they are not sufficiently specific to establish resale value for this 34 sq m flat. No reliable flip surplus can therefore be calculated.

Investor Risks & Due Diligence

• The supplied sold comparables do not include sizes, condition or specifications, so their relevance to this 34 sq m flat is uncertain.

• No sufficiently specific rental evidence is available, preventing reliable yield and cash-flow analysis.

• Service charge, insurance, council tax, parking, heating and lease restrictions are not supplied.

• Buyer, administration, seller and third-party charges are not quantified and may affect total acquisition cost.

• The flat is leasehold, so title, lease terms and any lender requirements require verification despite the stated long remaining term and peppercorn ground rent.

Recommendation

Treat as a potentially low-entry purchase, but do not set a bid or strategy from the supplied evidence alone. Obtain a viewing, title/lease review, service-charge information, EPC, full acquisition costs and specific rental or valuation evidence before bidding.

Strategy Rating

Analysis Confidence

The address, tenure, lease length, floor area, occupancy and five nearby sold prices are supplied, but there is no property-specific valuation, rental evidence, condition assessment, EPC, service-charge data or buyer/admin fee schedule.