5 Shirley Court, Sedley Rise, Loughton, Essex

Description

Well presented vacant two bedroom ground floor flat with short lease. Situated in a desirable street, 5 Shirley Court is a two bedroom flat with front and rear gardens. There is scope for some cosmetic renovation but the property is well maintained and offers decent sized accommodation.

Accommodation

Ground floor: front garden path leading to personal entrance door; Hallway - 22'6" x 7'2"; Lounge - 13'10" x 11'6"; Bedroom - 11'6" x 8'5"; Bathroom - 6'11" x 6'6"; Bedroom - 10'0" x 9'11"; Kitchen - 11'7" x 6'11"; back door leading to garden.

Location

Situated in a desirable street. The property has front and rear gardens.

Tenure / Property Information

Investment Analysis

The only supplied comparable is a £420,000 sale in Shirley Court in June 2023, with earlier Shirley Court sales from £240,000 to £375,000. However, the comparable property details, bedroom count, condition and lease terms are not provided, so an adjusted GDV cannot be reliably established. The lease, granted for 99 years from 25/03/1958, has approximately 30 years remaining as at 05/10/2026, which is a material valuation and finance risk. The guide is £160,000–£180,000 plus fees, but no evidence supports a precise maximum bid.

Investment Snapshot

Strategy Recommendation

Treat as a specialist short-lease purchase only. Review the legal pack, lease terms, title and any lease-extension implications before bidding; do not rely on the supplied comparable alone to justify the guide price.

Works Required

Cosmetic renovation is identified as possible, while the property is described as well maintained. Any works should be limited to confirmed cosmetic items following inspection; no detailed scope or cost evidence is supplied.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

A BRRR strategy cannot be supported on the available evidence. There is no reliable GDV, rent, refurbishment budget or refinance valuation, and the short lease creates a significant refinance risk.

Buy-to-Let Analysis

BTL analysis cannot be completed because no sufficiently specific rental evidence or auctioneer rent estimate is supplied. The approximately 30-year remaining lease may also restrict mortgageability and tenant/investor demand, subject to lender and legal requirements.

Flip Analysis

A flip appraisal cannot be reliably calculated. Although a £420,000 Shirley Court sale exists from 2023, the evidence does not confirm that it is comparable in size, condition, bedroom count or lease term. No supported works budget or selling allowance is available.

Investor Risks & Due Diligence

• Approximately 30 years remain on the lease based on the stated lease commencement and the current analysis date.

• No lease-extension terms or costs are supplied.

• No sufficiently specific rental evidence is available.

• Buyer premium and admin charge total £2,400 including VAT, with possible additional legal-pack disbursements and other charges.

• The supplied sold comparables lack bedroom, condition and lease-term details, limiting valuation reliability.

• Parking and heating information are not supplied.

Recommendation

Treat as a specialist short-lease purchase only. Review the legal pack, lease terms, title and any lease-extension implications before bidding; do not rely on the supplied comparable alone to justify the guide price.

Strategy Rating

Analysis Confidence

A same-development sale and property description are supplied, but there is no comparable specification, rental evidence, refurbishment budget, lease-extension information or supported GDV adjustment.