32 Orchard Way, Reigate, Surrey, RH2 8DT

Description

A Vacant Three Bedroom Semi Detached House

Accommodation

Ground Floor: Reception Room, Kitchen. First Floor: Three Bedrooms, Bathroom.

Location

The property is situated on a residential road close to local shops and amenities. There are numerous open spaces within easy reach. Transport links are provided by Redhill rail station.

Tenure / Property Information

Investment Analysis

The five supplied Land Registry sales are completed freehold semi-detached sales on Orchard Way, ranging from £450,000 to £585,000. Their simple average is £516,700, used as the base GDV estimate. The range is wide, and no floor area, specification, condition or direct property-specific adjustment is supplied, so the GDV is indicative only.

Investment Snapshot

Strategy Recommendation

Conditional buy-to-let appears the most supportable initial strategy based on the indicative 9.51% gross yield at the guide price. Proceed only after confirming condition, legal costs, achievable rent and total acquisition cost; do not rely on the GDV or refinance figures as formal valuations.

Works Required

No specific defects or refurbishment requirements are evidenced. Undertake a full inspection and legal-pack review before bidding; any works allowance remains unsupported.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

Using the indicative base GDV of £516,700, 75% refinancing equates to approximately £387,525. Cash left in cannot be calculated because refurbishment costs, buyer premium and other acquisition costs are not supplied. The strategy is therefore dependent on inspection, legal review, achievable rent and refinance terms.

Buy-to-Let Analysis

The supplied advertised asking rent is £2,100 pcm, equivalent to £25,200 annually. Against the £265,000 guide price this indicates a gross yield of approximately 9.51%, before the £1,800 admin charge, buyer premium, disbursements, finance, maintenance, voids, management and tax. The rent is an asking figure rather than achieved rent, so net yield cannot be established.

Flip Analysis

The comparable evidence supports an indicative base GDV of £516,700, with supplied sales ranging from £450,000 to £585,000. A reliable flip surplus cannot be calculated because condition, refurbishment costs, buyer premium, disbursements, finance costs and selling costs are unsupported.

Investor Risks & Due Diligence

• The property’s condition and any required works are not described.

• The £2,100 pcm figure is an advertised asking rent, not an achieved or passing rent.

• Buyer premium and possible legal-pack disbursements are not quantified.

• The comparable sale prices vary materially from £450,000 to £585,000 and no size or specification details are supplied.

• EPC, council tax and heating information are unavailable.

• Finance, maintenance, void, management, tax and selling costs are not supplied.

Recommendation

Conditional buy-to-let appears the most supportable initial strategy based on the indicative 9.51% gross yield at the guide price. Proceed only after confirming condition, legal costs, achievable rent and total acquisition cost; do not rely on the GDV or refinance figures as formal valuations.

Strategy Rating

Analysis Confidence

There is useful same-road completed-sale evidence and one advertised rental figure, but condition, floor area, EPC, operating costs, buyer premium, disbursements and refurbishment requirements are unavailable.