47 Oxford Road, Sandhurst, Berkshire, GU47 0TS

Description

Long leasehold 1 bedroom first floor purpose-built self-contained flat requiring modernisation. By order of a Major Housing Association.

Accommodation

First floor: one bedroom, reception room, kitchen, bathroom/WC. Gross Internal Area GIA approximately 35 sq m (376 sq ft).

Location

The property is situated on Oxford Road, off Yeovil Road via Cambridge Road. Public transport links include Sandhurst and Blackwater mainline rail stations and local bus services. Road links include the A30 and M3 Motorway. Shopping amenities are available locally in Owlsmoor and Sandhurst Town Centre, with further shops, bars and restaurants in Camberley Town Centre and Bracknell Town Centre. Recreational facilities include Sandhurst Recreation Ground, Wildmoor Heath Nature Reserve and Horseshoe Lake Country Park.

Tenure / Property Information

Investment Analysis

The only supplied sold evidence is for the same Oxford Road address, with historic leasehold flat sales of £91,000 to £125,000 between 2004 and 2014. These transactions are too dated to support a current GDV or a reliable bid figure without current comparable evidence, lease information and quantified refurbishment costs.

Investment Snapshot

Strategy Recommendation

Do not set a bid or proceed on the current evidence. Review the legal pack, lease terms, service-charge information, current valuation evidence and obtain a refurbishment survey before considering purchase.

Works Required

Modernisation as required by the description, with inspection and reinstatement of the disconnected services and heating system subject to survey. The scope and cost cannot be quantified from the supplied evidence.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

A BRRR assessment cannot be quantified because current GDV, rent, refurbishment cost and lease information are unavailable. The long lease term is stated as 990 years from completion, but other lease terms remain awaited.

Buy-to-Let Analysis

BTL analysis cannot be established because no sufficiently specific rental comparable or auctioneer rent estimate is supplied. Refurbishment costs, service condition and lease costs are also unquantified.

Flip Analysis

A flip surplus cannot be calculated. The historic same-address sales provide context only and do not establish a current resale value; refurbishment costs and selling allowances are unsupported.

Investor Risks & Due Diligence

• Lease information other than the stated 990-year term is awaited.

• All services are disconnected and the heating system is not warranted.

• The flat requires modernisation, but no survey scope or refurbishment budget is supplied.

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

• The seller may charge additional completion fees, but the amount is not supplied.

• The £1,800 inclusive-of-VAT contract documentation fee is payable by the buyer.

Recommendation

Do not set a bid or proceed on the current evidence. Review the legal pack, lease terms, service-charge information, current valuation evidence and obtain a refurbishment survey before considering purchase.

Strategy Rating

Analysis Confidence

Current market value, rent, refurbishment costs, lease details and potential seller fees are not supplied; the available sold comparables are historic, with the latest from 2014.