160 Hamlet Court Road, Westcliff on Sea, Essex

Description

Investment opportunity consisting of a ground floor commercial unit, bungalow and 2 x 3 bedroom flats currently let out as an HMO along Hamlet Court Road. The property is a freehold block.

Accommodation

Ground floor commercial unit; bungalow to the rear; 2 x 3 bedroom flats above

Location

Located along Hamlet Court Road, Westcliff on Sea, Essex

Tenure / Property Information

Investment Analysis

The £1,000,000 guide relates to a freehold mixed-use block comprising a commercial unit, bungalow and two flats currently operated as an 11-room HMO. The only supplied comparable is a single flat sale from 2005 at £110,000 and is not sufficient to value the whole property. No rent, fees, works budget or directly comparable evidence is supplied.

Investment Snapshot

Strategy Recommendation

Proceed only after obtaining an independent mixed-use/HMO valuation, verified passing rents, full fee schedule and detailed inspection. Do not rely on the supplied evidence to justify a bid at the £1,000,000 guide.

Works Required

No refurbishment works are evidenced. The property is stated to have HMO licences and planning granted; verify condition, compliance and the ongoing suitability of the existing configuration.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

A BRRR assessment is not possible without supported rental income, refurbishment costs, a market value/GDV and finance or acquisition costs. The existing HMO licensing and planning position may support the current use, but no financial conclusion can be drawn.

Buy-to-Let Analysis

The property is currently let as an HMO, but no passing rent or rental estimate is supplied. BTL income, yield and affordability cannot therefore be established. The mixed-use composition requires valuation of the commercial and residential elements together.

Flip Analysis

A flip analysis is unsupported because no GDV evidence, works budget, selling costs or detailed condition information is provided. The 2005 flat comparable is not suitable for assessing resale value of this complete mixed-use freehold block.

Investor Risks & Due Diligence

• No passing rent or auctioneer rent estimate is supplied.

• Buyer premium, administration charge and other fees are unspecified beyond 'plus fees'.

• No refurbishment or maintenance cost evidence is supplied.

• The only comparable is a single flat sale from 2005 and is not directly comparable to the whole block.

• Mixed-use and HMO valuation may require separate assessment of the commercial and residential elements.

Recommendation

Proceed only after obtaining an independent mixed-use/HMO valuation, verified passing rents, full fee schedule and detailed inspection. Do not rely on the supplied evidence to justify a bid at the £1,000,000 guide.

Strategy Rating

Analysis Confidence

The evidence confirms the mixed-use freehold configuration and existing HMO use, but provides no rent, condition, works, fees or relevant current whole-property comparables.