40, Crownage Court, 99, Staines Road West, SUNBURY-ON-THAMES, Middlesex, TW16 7FG

Description

Leasehold second floor studio flat

Accommodation

Studio room open plan to kitchen, bathroom/wc. Outside: Roof terrace.

Location

Crownage Court is located on Staines Road West (A308). Shopping amenities are available locally within Sunbury-On-Thames with a further range of shops, bars and restaurants found in Staines-Upon-Thames located to the west and within Richmond Upon Thames lying to the east. Public transport links are available at Sunbury-On-Thames Train Station lying to the east and at Upper Halliford Rail Train Station located to the south along with a network of local bus services serving the surrounding areas. The property is served by road links including the A308 and the M3 lying to the east. Recreational pursuits can be found at Kempton Park Racecourse located to the east and at Sunbury Golf Course lying to the south.

Tenure / Property Information

Investment Analysis

Land Registry comparables at Crownage Court range from £190,000 to £210,000. However, the evidence does not confirm that these sales were studios or the same unit, so the valuation is indicative only. A cautious base GDV of £200,000 is used, with a supported comparable range of £190,000–£210,000.

Investment Snapshot

Strategy Recommendation

Do not bid on the current evidence alone. First verify the lease term, service charge, ground rent and review provisions, parking, condition, vacant possession and all special-condition fees. Reassess BTL or resale only after these are confirmed.

Works Required

No defects or refurbishment requirements are evidenced. Obtain a physical inspection and confirm the condition of the studio, bathroom, kitchen, roof terrace and communal areas before budgeting works.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

Using the indicative £200,000 GDV, 75% refinancing would be approximately £150,000. The outcome cannot be assessed because refurbishment costs, lease length, service charge, ground rent, finance costs and other completion costs are unknown.

Buy-to-Let Analysis

The only rental evidence is an advertised £1,400 pcm for a one-bedroom flat, which is not sufficiently comparable to this studio. Rent, service charge, ground rent and lease details are unavailable, so BTL yield and cash flow cannot be established.

Flip Analysis

The guide is £132,000 and the known auction administration charge is £1,800 including VAT. Comparable sales suggest a possible resale value around £190,000–£210,000, but no reliable flip surplus can be calculated because works, selling costs, legal costs, lease-related issues and other seller charges are not evidenced.

Investor Risks & Due Diligence

• Lease length and lease terms are unknown.

• Annual service charge and ground rent are unknown, including review and increase provisions.

• The one-bedroom advertised rent is not reliable evidence for this studio.

• Property condition and any refurbishment requirement are unknown.

• Occupancy and vacant possession status are not stated.

• Parking and heating details are not confirmed.

• The seller may charge additional completion fees under the special conditions.

• Comparable sales may not relate to studios or the same unit.

Recommendation

Do not bid on the current evidence alone. First verify the lease term, service charge, ground rent and review provisions, parking, condition, vacant possession and all special-condition fees. Reassess BTL or resale only after these are confirmed.

Strategy Rating

Analysis Confidence

There are several same-development completed sales, but their unit type and comparability are unconfirmed. Lease terms, service charges, ground rent, condition, occupancy, parking, heating and relevant rental evidence are incomplete.