54 Challoners, Horsted Keynes, Haywards Heath, West Sussex, RH17 7DZ

Description

A Vacant Two Bedroom Mid Terrace House. The property comprises a two bedroom mid terrace house arranged over ground and two upper floors. The property has been recently refurbished.

Accommodation

Ground Floor: Bedroom, Office. First Floor: Reception Room, Kitchen. Second Floor: Bedroom, Bathroom.

Location

The property is situated on a residential road close to local shops and amenities. The open spaces of Horsted Keynes Recreation Ground are within easy reach. Transport links are provided by the A22.

Tenure / Property Information

Investment Analysis

The only recent completed comparable is the same property, sold for £162,000 on 16 January 2025. The £175,000+ guide is £13,000 above that evidence before the £1,800 administration charge and any other purchaser costs. The property is described as recently refurbished, but no refurbishment scope or current valuation evidence is supplied.

Investment Snapshot

Strategy Recommendation

Avoid at the guide unless the legal pack, refurbishment quality and independent valuation provide materially stronger evidence than the supplied comparable.

Works Required

No specific works are evidenced. Verify the quality and completeness of the reported recent refurbishment, together with the legal pack and any required remedial works.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

At 75% of the evidence-based £162,000 GDV, indicative refinance proceeds are £121,500. This is below the £175,000 guide before the £1,800 administration charge, works and other costs, so the available evidence does not support a BRRR case.

Buy-to-Let Analysis

BTL analysis cannot be established because no sufficiently specific rental evidence or auctioneer rent estimate is supplied. The property is vacant.

Flip Analysis

The recent same-property sale at £162,000 is below the guide. A reliable flip surplus cannot be calculated because refurbishment costs, selling costs and other purchaser disbursements are unavailable; the guide already exceeds the comparable by £13,000.

Investor Risks & Due Diligence

• Guide price exceeds the recent same-property completed sale by £13,000.

• No reliable rental evidence is available, preventing yield assessment.

• Refurbishment scope and costs are not supplied despite the property being described as recently refurbished.

• Special conditions may impose additional search, legal, transfer or seller-cost charges.

• Vacant possession means there is no passing rent.

Recommendation

Avoid at the guide unless the legal pack, refurbishment quality and independent valuation provide materially stronger evidence than the supplied comparable.

Strategy Rating

Analysis Confidence

One recent exact-property completed sale is available, but there is no rent evidence, refurbishment cost information, detailed condition evidence or complete purchaser-cost schedule.