41 Oakhall Court, Oakhall Drive, Sunbury-on-Thames, Middlesex, TW16 7LE

Description

A Second Floor Two Bedroom Flat Subject to a Periodic Tenancy Producing £14,760 Per Annum. The property comprises a second floor two bedroom flat situated within a purpose built block arranged over ground and two upper floors.

Accommodation

Second 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 Groveley Road Recreation Ground and Kenyngton Manor Rec Wildflower Garden are within easy reach. Transport links are provided by Sunbury rail station.

Tenure / Property Information

Investment Analysis

The five supplied completed sales in Oakhall Court range from £240,000 to £275,000, with an average of approximately £257,900 and a median of £265,000. A base GDV of £265,000 is used, with a low scenario of £240,000 and high scenario of £275,000. The comparables are at the same development but do not provide bedroom, lease-length or condition details, so the range is indicative rather than a formal valuation.

Investment Snapshot

Strategy Recommendation

Potential income hold only if the legal pack confirms acceptable lease, tenancy, service-charge and ground-rent terms. Do not bid solely on the headline gross yield; obtain full costs and assess lease-extension implications first.

Works Required

No refurbishment works are evidenced in the supplied information. Confirm condition, statutory compliance, lease terms, service charge, ground rent, tenancy position and any required works through inspection and the legal pack.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

Using the base GDV of £265,000, 75% of GDV equates to £198,750. Cash left in cannot be calculated because refurbishment costs, disbursements and other acquisition costs are not fully evidenced. Refinanceability may also be affected by the approximately 49-year unexpired lease and the periodic tenancy.

Buy-to-Let Analysis

The stated periodic-tenancy income is £14,760 per annum, equivalent to £1,230 pcm. Against the guide range of £140,000–£160,000, this indicates a gross yield of approximately 9.23%–10.54%, or 9.84% at the £150,000 midpoint. Net yield cannot be established because service charge, ground rent, insurance, management, maintenance, voids, tax and other costs are not supplied. The approximately 49-year lease is a significant underwriting issue.

Flip Analysis

The supplied same-development sales support an indicative GDV range of £240,000–£275,000, with £265,000 as the base case. A reliable flip surplus cannot be calculated because refurbishment costs, full acquisition costs, disbursements and selling costs are not supplied. The short lease may also affect resale demand and pricing.

Investor Risks & Due Diligence

• Approximately 49 years remain on the lease, which may restrict mortgageability, refinancing and resale.

• The property is subject to a periodic tenancy; tenancy terms, arrears and possession position are not supplied.

• Service charge, ground rent, insurance and other lease liabilities are not supplied.

• Buyer disbursements may be payable but are not quantified.

• Property condition and any required refurbishment are not evidenced.

• The comparable sales do not state bedroom count, lease length or condition, limiting GDV confidence.

• The quoted rental income is stated passing income, but no external rental comparables or net-cost information are supplied.

Recommendation

Potential income hold only if the legal pack confirms acceptable lease, tenancy, service-charge and ground-rent terms. Do not bid solely on the headline gross yield; obtain full costs and assess lease-extension implications first.

Strategy Rating

Analysis Confidence

There are five same-development completed sales and stated passing rent, but the comparables lack detailed specification, refurbishment costs and condition are unknown, and lease, service-charge, ground-rent and disbursement information is incomplete.