43 Hunters Hill, Burghfield Common, Reading, Berkshire

Description

A Vacant Second and Third Floor Two Bedroom Split Level Maisonette. The property comprises a second and third floor two bedroom split level maisonette situated within a purpose built building arranged over ground and three upper floors.

Accommodation

Second Floor: Reception Room; Kitchen. Third Floor: Two Bedrooms; Bathroom. G.I.A Approx 754 sq ft.

Location

The property is situated on a residential road close to local shops and amenities. The open spaces of Wokefield Common Nature Reserve are within easy reach. Transport links are provided by Mortimer rail station and the M4.

Tenure / Property Information

Investment Analysis

Five completed sales at the same development range from £130,000 to £150,000, averaging £137,900. A base GDV of £137,900 is supported, with £130,000–£150,000 as the evidence range. Exact comparability and condition are not confirmed.

Investment Snapshot

Strategy Recommendation

Potentially attractive BTL or BRRR at guide, subject to confirming the lease, service charges, legal-pack disbursements, condition and achievable rent. Do not rely on the headline yield without those checks.

Works Required

No specific defects or refurbishment requirements are evidenced. Inspect condition and legal/leasehold matters before bidding; no works allowance has been assumed.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

At the guide, the purchase appears materially below the supported comparable range. A 75% refinance of the base GDV would be approximately £103,425, but total project cost and cash left cannot be established because works and additional auction/legal charges are unknown.

Buy-to-Let Analysis

The advertised asking rent is £1,350 pcm, equivalent to £16,200 annually. This indicates 20.25% gross yield against the £80,000 guide, before fees, finance, service charges, maintenance and voids. Achieved rent and leasehold costs are unconfirmed.

Flip Analysis

The evidence supports a base resale value of approximately £137,900, subject to condition and comparability. Flip surplus cannot be calculated reliably because refurbishment, selling and further purchase costs are not supplied.

Investor Risks & Due Diligence

• Leasehold service charge, ground rent and other lease terms are not supplied.

• Special conditions may impose additional search, seller, legal or transfer costs.

• The £1,350 pcm figure is an advertised asking rent, not an achieved rent.

• Property condition and required works are not evidenced.

• Parking, heating and council tax information are not supplied.

Recommendation

Potentially attractive BTL or BRRR at guide, subject to confirming the lease, service charges, legal-pack disbursements, condition and achievable rent. Do not rely on the headline yield without those checks.

Strategy Rating

Analysis Confidence

Strong same-development completed-sale evidence and one rental asking figure are available, but condition, leasehold costs, buyer costs and achieved rent are incomplete.