30 Forest Walk, Bushey, Hertfordshire, WD23 2BX

Description

A Vacant Ground Floor Two Bedroom Flat. The property comprises a ground floor two bedroom flat situated within an end of terrace building arranged over ground and first floors.

Accommodation

Ground Floor: Reception Room; Kitchen; Two Bedrooms; Bathroom. G.I.A Approximately 700 sq ft. The property benefits from a private rear garden.

Location

The property is situated on a residential road close to local shops and amenities. Numerous green open spaces are within easy reach. Transport links are provided by Watford Junction overground station and rail station and the M1.

Tenure / Property Information

Investment Analysis

Recent same-road completed sales were £315,000 and £320,000 in 2024–2025, with older sales at £275,000–£289,950. A base GDV of £317,500 uses the two recent sales, but size, condition and specification comparability are unconfirmed.

Investment Snapshot

Strategy Recommendation

Potential BRRR or resale opportunity, but proceed only after confirming condition, lease/legal matters, all purchaser costs and achievable rent. Do not rely on the headline GDV alone.

Works Required

No specific defects or works are evidenced. Survey, inspection and legal-pack review are required; any works should be confirmed before bidding.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

At the £180,000 guide plus the known £1,800 administration fee, indicative base cost is £181,800 before unknown fees, finance, taxes and works. A 75% refinance of the £317,500 base GDV is £238,125, implying £56,325 above this stated base cost, subject to valuation, lending criteria and all omitted costs.

Buy-to-Let Analysis

BTL yield cannot be established because no sufficiently specific rental evidence or auctioneer rent estimate is supplied. The property is vacant and ongoing leasehold costs are also unknown.

Flip Analysis

The base GDV indicates substantial headline value against the guide, but no refurbishment allowance, selling costs, finance costs or complete purchase costs are available. A reliable flip surplus therefore cannot be calculated.

Investor Risks & Due Diligence

• Property condition and refurbishment requirements are not evidenced.

• No reliable rental evidence is supplied, preventing yield assessment.

• Additional disbursements, legal, search, transfer and seller-cost charges may apply.

• Comparable properties may differ in size, condition, layout or specification.

• Refinance proceeds depend on lender valuation and lending criteria.

Recommendation

Potential BRRR or resale opportunity, but proceed only after confirming condition, lease/legal matters, all purchaser costs and achievable rent. Do not rely on the headline GDV alone.

Strategy Rating

Analysis Confidence

Recent same-road sales support a market range, but condition, exact comparability, rent, refurbishment requirements and additional purchase costs are incomplete.