54 Holmesdale Road, North Holmwood, Dorking, Surrey RH5 4HT

Description

A one double bedroomed apartment which would benefit from a programme of modernisation and re-decoration.

Accommodation

Living room/dining room with a large double glazed window to front aspect and laminate flooring; separate kitchen with a range of eye and base level units; double bedroom; bathroom; and a useful store room. Outside there are communal gardens.

Location

The property is located in the sought after North Holmwood area with easy access to Dorking and mainline stations, including excellent travel links via the M25.

Tenure / Property Information

Investment Analysis

Recent same-road completed sales supplied are £187,500 in January 2026 and £210,000 in September 2025. Older same-road sales range from £200,000 to £220,000. As bedroom count, condition, lease costs and precise comparability are not supplied, the base GDV uses the midpoint of the two most recent sales, with those sales forming the low and high evidence range.

Investment Snapshot

Strategy Recommendation

Potential value-led refurbishment opportunity, subject to legal-pack review, lease-cost confirmation and a contractor-priced scope of works. Do not set a maximum bid until these unknowns are resolved.

Works Required

Modernisation and re-decoration are supported by the description. The evidence does not specify the required scope, specification or costs, so no quantified works allowance is provided. Review the lease, communal obligations and any required consents before bidding.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

The guide is materially below the supplied same-road sales range, but the refurbishment cost, rent, lease charges and finance costs are unknown. A 75% refinance against the base GDV is approximately £149,063, but cash left in cannot be calculated without a complete project cost.

Buy-to-Let Analysis

No sufficiently specific rental evidence or auctioneer rent estimate is supplied, so rent, yield and BTL cash flow cannot be established. Ground rent and service charge review provisions also require confirmation from the lease documents.

Flip Analysis

The supplied sales indicate a base GDV of £198,750 and a range of £187,500 to £210,000. A flip surplus cannot be calculated because refurbishment costs, acquisition costs beyond the £1,500 buyer premium, selling costs and any special-condition fees are not fully evidenced.

Investor Risks & Due Diligence

• Refurbishment scope and cost are not quantified.

• No sufficiently specific rental evidence is available.

• Ground rent and service charge amounts and review periods are unconfirmed.

• Additional fees may appear in the Special Conditions of Sale.

• Comparable sales do not include supplied bedroom, condition or lease-cost details for direct comparison.

• Leasehold terms and communal obligations require review in the legal pack.

Recommendation

Potential value-led refurbishment opportunity, subject to legal-pack review, lease-cost confirmation and a contractor-priced scope of works. Do not set a maximum bid until these unknowns are resolved.

Strategy Rating

Analysis Confidence

There are several recent same-road completed sales and a stated modernisation requirement, but no rental evidence, refurbishment costs, EPC, service charge, ground rent, detailed lease terms or full auction-cost schedule.