4, Grenehurst Park (FFF & Parking Space), Dorking, Surrey

Description

Leasehold first floor flat with one bedroom, reception room open to kitchen, bathroom/wc, communal gardens and allocated parking.

Accommodation

One bedroom, reception room open to kitchen, bathroom/wc

Location

The property is located on Grenehurst Park. Capel provides village amenities, with a more comprehensive range of shops, bars and restaurants in Horsham Town Centre to the south and Dorking Town Centre to the north. Public transport links are available at Ockley Train Station and via local bus services. Road links include the A24 to the east. Recreational pursuits can be found locally throughout the surrounding countryside.

Tenure / Property Information

Investment Analysis

HM Land Registry evidence shows five leasehold flat/maisonette sales at Grenehurst Park between £238,000 and £420,000 from 2020 to 2024. However, the comparable bedroom counts, floor areas, condition, lease lengths and lease charges are not supplied, and the £420,000 sale may not be directly comparable. A reliable GDV range cannot therefore be established from the available evidence.

Investment Snapshot

Strategy Recommendation

Do not bid on the current evidence alone. Obtain the lease, service-charge and ground-rent details, inspect condition and obtain reliable one-bedroom rental and valuation evidence before considering purchase.

Works Required

No specific refurbishment works are evidenced. Confirm condition, lease terms, service-charge position and any communal or internal repair liabilities before bidding.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

A BRRR assessment is not supportable because rent, GDV and key lease liabilities are unknown. The outstanding lease length, ground rent, review provisions and service charge are material to both mortgageability and refinance value.

Buy-to-Let Analysis

BTL analysis cannot be completed because no sufficiently specific rental comparable or auctioneer rent estimate is provided. The guide price is £155,000; adding the known £1,800 inclusive-of-VAT contract documentation fee gives £156,800 before any works, seller charges, finance, lease costs or other acquisition costs.

Flip Analysis

A flip appraisal cannot be completed reliably. Although same-development sales range from £238,000 to £420,000, the evidence does not establish comparability with this one-bedroom flat or identify a supported resale allowance, works budget or selling costs.

Investor Risks & Due Diligence

• Lease length, annual ground rent, review provisions and service charge are outstanding.

• Additional seller fees may be payable on completion and are not quantified.

• No sufficiently specific rental evidence or auctioneer rent estimate is available.

• The supplied sold comparables lack bedroom, size, condition and lease-detail information, limiting valuation reliability.

• No property condition evidence or refurbishment budget is supplied.

Recommendation

Do not bid on the current evidence alone. Obtain the lease, service-charge and ground-rent details, inspect condition and obtain reliable one-bedroom rental and valuation evidence before considering purchase.

Strategy Rating

Analysis Confidence

There is useful same-development completed-sale evidence, but comparable specifications, lease information, rental evidence, condition and several costs are missing.