2 Braemar Court, Glencoe Road, Bushey, Hertfordshire

Description

This spacious and well presented 2 bedroom, ground floor maisonette is situated in a sought after residential area close to the amenities of Bushey Village, Bushey Station 0.8 miles. The property benefits from a private rear garden and a garage.

Accommodation

Ground Floor: Front door to entrance hall, sitting room, kitchen, 2 double bedrooms, bathroom and walk-in store cupboard. Outside: The rear garden extends approximately 90 ft with lawn and shrubs. The garage is part of a small block with access via Glencoe Road.

Location

Situated in a sought after residential area close to the amenities of Bushey Village. Bushey Station is 0.8 miles away.

Tenure / Property Information

Investment Analysis

Two recent sold comparables at Braemar Court were £358,000 and £347,000 in 2021–2022. Using their £352,500 average as the base GDV, with the wider supplied evidence supporting a £347,000–£358,000 range. The comparables are at the same development but do not identify the exact unit, size, lease terms or condition, so this is an indicative estimate only.

Investment Snapshot

Strategy Recommendation

Potentially attractive as a buy-to-let or value-led purchase if title, lease, charges and special conditions are satisfactory. Verify the exact unit against the comparables and bid only after confirming all additional costs and achievable rent.

Works Required

No refurbishment works are identified in the supplied description, which states that the maisonette is well presented. Allowance is therefore £0 for calculation purposes only; inspection should verify decoration, kitchen, bathroom, garden, garage and general condition.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

At the guide plus the known buyer premium, the indicative total cost is £162,340 before any unknown additional fees. A 75% refinance against the £352,500 base GDV would be £264,375, implying £102,035 of theoretical cash released before finance, valuation, legal, tax and lender constraints. Actual refinance depends materially on the missing lease, valuation and mortgage terms.

Buy-to-Let Analysis

Using the explicit £1,900 pcm two-bedroom asking-rent evidence gives annual rent of £22,800 and a gross yield of 14.25% on the £160,000 guide, or 14.04% including the £2,340 buyer premium. The £1,700–£2,250 pcm range is advertised asking rent, not achieved rent, and service charge, ground rent, insurance, management, voids and maintenance are unavailable. Net yield cannot be established.

Flip Analysis

The base GDV of £352,500 less the £162,340 guide-plus-known-cost basis produces a £190,160 gross spread before selling costs, finance, tax, additional auction costs and any works. No supported selling allowance is available, so a formal flip surplus is not calculated. The comparable sales are not confirmed to be the exact maisonette.

Investor Risks & Due Diligence

• Tenure and lease details are missing, including lease length, service charge and ground rent.

• The sold comparables do not identify the exact unit or confirm matching size, condition or garden and garage rights.

• Rental evidence consists of advertised asking rents rather than achieved rents and is not consistently specific to comparable apartments.

• Special-condition fees and other auction costs may apply but are not supplied.

• The property condition is described positively, but no inspection evidence or refurbishment schedule is provided.

• Finance, selling, tax and ownership costs are excluded from the indicative calculations.

Recommendation

Potentially attractive as a buy-to-let or value-led purchase if title, lease, charges and special conditions are satisfactory. Verify the exact unit against the comparables and bid only after confirming all additional costs and achievable rent.

Strategy Rating

Analysis Confidence

Same-development sold evidence and rental adverts are available, but the exact comparable unit, tenure, lease, service charges, condition costs, EPC and additional auction fees are not supplied.