285, Hook Rise South, Surbiton, Surrey, KT6 7LT

Description

Freehold two floor semi detached house for refurbishment

Accommodation

First floor: Three bedrooms, bathroom/WC. Ground floor: Entrance hall, through reception room, kitchen. Outside: Front and rear gardens.

Location

The property is located on Hook Rise South close to its junction with Ashcroft Road. Public transport links include Tolworth, Chessington North and Surbiton Train Stations with road communications being provided by the A3. A comprehensive range of shops, cafes and restaurants are available in Surbiton with recreational pursuits to include Horton Country Park, King George Fields and Chessington World of Adventures.

Tenure / Property Information

Investment Analysis

Recent same-road completed sales range from £467,500 to £475,000, with the three latest sales at £470,000–£475,000. A base GDV of £475,000 is supported by the latest comparable evidence, although the subject’s exact size, condition, parking and heating details are not confirmed. The £335,000 guide is £140,000 below the base GDV before refurbishment, buyer costs and any seller-charged fees.

Investment Snapshot

Strategy Recommendation

Investigate as a potential buy-to-let or refurbishment-led hold, subject to inspection, confirmed refurbishment pricing, legal-pack review and verification of achievable rent. Do not bid on GDV alone because total project cost is currently unsupported.

Works Required

The property is described as requiring refurbishment, but no detailed schedule or condition report is supplied. Scope, costs and contingencies should therefore be established through inspection and the legal pack before bidding.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

At a £475,000 base GDV, 75% refinancing would be approximately £356,250. However, refurbishment costs, total acquisition cost, finance terms, valuation criteria and lender eligibility are not supplied, so cash left in and the viability of a BRRR exit cannot be calculated.

Buy-to-Let Analysis

The advertised asking rent of £2,547 pcm implies annual rent of £30,564 and a gross yield of approximately 9.12% against the £335,000 guide. This is based on asking rent rather than achieved rent and excludes refurbishment, finance, operating costs, voids, tax and transaction costs. Net yield and total-cost yield cannot be established because refurbishment costs and any additional completion charges are unknown.

Flip Analysis

The comparable evidence supports a potential resale value around £467,500–£475,000, but no refurbishment budget, finance cost, selling allowance or additional seller fees are available. A reliable flip surplus and maximum purchase price therefore cannot be calculated.

Investor Risks & Due Diligence

• Refurbishment scope and cost are unknown despite the property being described as requiring refurbishment.

• The rental figure is an advertised asking rent, not an achieved or passing rent.

• Parking and heating details are not confirmed.

• EPC information is still to be advised.

• Additional seller-charged completion fees may apply under the Special Conditions of Sale.

• Finance, operating costs, voids, tax and selling costs are not supplied.

• The comparables do not confirm the subject’s exact size, condition or specification.

Recommendation

Investigate as a potential buy-to-let or refurbishment-led hold, subject to inspection, confirmed refurbishment pricing, legal-pack review and verification of achievable rent. Do not bid on GDV alone because total project cost is currently unsupported.

Strategy Rating

Analysis Confidence

There is strong recent same-road completed-sale evidence and one advertised rental figure, but the property condition, refurbishment scope, parking, heating, EPC, achieved rent, seller fees and project costs are not supplied.