51 Ogden Park, Bracknell, Berkshire

Description

A two-bedroom flat situated in Bracknell, Berkshire. The accommodation comprises an entrance hall, living room, kitchen, two bedrooms, bathroom and balcony.

Accommodation

Entrance Hall; Living Room: 15'1 x 12'1; Kitchen: 9'6 x 6'3; Bedroom One: 15'5 x 12'2; Bedroom Two: 8'10 x 7'7; Bathroom; Balcony

Location

Bracknell, Berkshire

Tenure / Property Information

Investment Analysis

Same-development completed sales range from £210,500 to £260,000. The three most recent sales were £253,000, £260,000 and £255,000. A base GDV of £253,000 is used, with £235,000 low and £260,000 high scenarios. Condition, lease details, service charges and exact comparability are not supplied.

Investment Snapshot

Strategy Recommendation

Proceed only after confirming the legal pack, lease length, service charges, ground rent, resale restrictions and achievable rent. The apparent discount supports further investigation, but missing lease and rental data prevent a firm BTL or BRRR decision.

Works Required

No refurbishment works are evidenced. The property has an EPC rating of C73; inspection and legal-pack review are required before budgeting works.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

At the £120,000 guide, the known purchase cost including the £1,500 buyer premium and £1,200 administration charge is £122,700, before any other special-condition costs. A 75% refinance of the base GDV indicates £189,750, leaving an indicative £67,050 surplus before finance, tax, valuation and other costs, subject to lender valuation and leaseability.

Buy-to-Let Analysis

BTL yield cannot be established because no sufficiently specific rental evidence or auctioneer rent estimate is provided. Service charge, ground rent and lease length are also unknown.

Flip Analysis

Using the base GDV of £253,000 and known costs of £122,700, the implied pre-finance and pre-selling-cost surplus is £130,300. A formal flip surplus cannot be calculated because refurbishment and selling-cost allowances are unsupported.

Investor Risks & Due Diligence

• Lease length, ground rent and service charges are not provided.

• Achievable rent and investment yield cannot be established.

• Special Conditions of Sale may create additional costs.

• GDV comparability is limited because exact property size, condition and specification are not supplied.

• Refinance depends on lender valuation and lease criteria.

Recommendation

Proceed only after confirming the legal pack, lease length, service charges, ground rent, resale restrictions and achievable rent. The apparent discount supports further investigation, but missing lease and rental data prevent a firm BTL or BRRR decision.

Strategy Rating

Analysis Confidence

There are several relevant completed sales in the same development, but rent, lease terms, service charges, condition detail and special-condition costs are unavailable.