40 Lincoln Court, Berkhamsted, Hertfordshire, HP4 3EN

Description

A Vacant Ground Floor Two Bedroom Flat

Accommodation

Ground Floor: Reception Room, Kitchen, Two Bedrooms, Bathroom.

Location

The property is situated on a residential road close to local shops and amenities. The open spaces of Butts Meadow Recreation Ground are within easy reach. Transport links are provided by Berkhamsted rail station.

Tenure / Property Information

Investment Analysis

Same-development Land Registry sales range from £305,000 to £415,000. The most recent supplied comparable, 4 Lincoln Court, sold for £345,000 on 25 June 2026. A base GDV of £345,000 is used, with a low scenario of £305,000 and high scenario of £415,000. No floor area, condition detail, service-charge information or lease-extension cost is supplied, so no finer adjustment is supported.

Investment Snapshot

Strategy Recommendation

Proceed only subject to legal-pack, lease and condition due diligence. The guide implies a strong indicative gross rent yield, but the short unexpired lease and unknown costs make a firm BTL, BRRR or flip decision premature.

Works Required

No specific refurbishment works are evidenced. The property should be inspected and the legal pack reviewed before budgeting; any works allowance is unsupported from the supplied evidence.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

At the base GDV, 75% refinancing equates to £258,750. However, total project cost and cash left in cannot be calculated because condition, works, disbursements, lease-related costs and other acquisition costs are unknown. The approximately 46 years unexpired lease may affect lenderability and refinancing terms.

Buy-to-Let Analysis

The supplied advertised asking rents are £1,450–£1,600 pcm, equivalent to indicative gross yields of approximately 13.38%–14.77% against the £130,000 guide. These are asking rents rather than achieved rents. Net yield cannot be established because refurbishment, service-charge, finance, insurance, tax and other ownership costs are not supplied.

Flip Analysis

The comparable evidence supports a broad resale range of £305,000–£415,000, with £345,000 as the base GDV. A flip surplus cannot be calculated because refurbishment costs, total acquisition costs, selling costs and lease-related costs are unsupported.

Investor Risks & Due Diligence

• Approximately 46 years remain on the lease, with no lease-extension cost or lender assessment supplied.

• Additional disbursements and other purchaser charges may be payable but are not quantified.

• Property condition and any required refurbishment are not evidenced.

• Rental figures are advertised asking rents, not achieved rents or passing rent.

• Comparable sold prices vary materially from £305,000 to £415,000.

• Total project cost, net yield, maximum bid and flip surplus cannot be reliably calculated from the supplied evidence.

Recommendation

Proceed only subject to legal-pack, lease and condition due diligence. The guide implies a strong indicative gross rent yield, but the short unexpired lease and unknown costs make a firm BTL, BRRR or flip decision premature.

Strategy Rating

Analysis Confidence

There is useful same-development sold-price evidence and rental asking evidence, but no floor area, condition, service-charge, lease-extension, refurbishment or complete fee information.