5a, Fettes Road, Cranleigh, Surrey, GU6 7EU

Description

Leasehold ground floor studio flat

Accommodation

Studio room, kitchen, bathroom/wc. Outside: Garden.

Location

The property is located on Fettes Road. Cranleigh provides village amenities with a further range of shops, bars and restaurants found within Guildford Town Centre lying to the north. Public transport links are provided by a network of local bus services serving the surrounding areas. Recreational pursuits can be found throughout the surrounding countryside.

Tenure / Property Information

Investment Analysis

The £91,000 guide is the only current pricing evidence supplied. The two completed sales relate to the same property but are from 1999 (£54,500) and 1995 (£34,000), so they do not provide a reliable current GDV without updated evidence. No supported current valuation, rental comparable or auctioneer rent estimate is available.

Investment Snapshot

Strategy Recommendation

Do not bid on the supplied evidence alone. Obtain the lease, service-charge and ground-rent details, current valuation and rental evidence, plus a condition inspection before considering the property.

Works Required

No specific defects or refurbishment requirements are evidenced. Obtain a full inspection and confirm the condition of the studio, kitchen, bathroom, garden, heating and EPC before budgeting works. Lease terms and charges also require review.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

A BRRR assessment cannot be supported because current GDV, rent, refurbishment cost, lease length and service charges are unavailable. Refinancing at 75% of GDV cannot be calculated without a supported GDV.

Buy-to-Let Analysis

BTL appraisal cannot be established because no sufficiently specific rental comparable or auctioneer rent estimate is supplied. Ground rent, service charge, lease length and any review provisions are also unknown. The known £1,800 buyer documentation fee would need to be included in a full cost assessment.

Flip Analysis

A flip appraisal cannot be supported. There is no current GDV, refurbishment budget or selling-cost allowance. The historic same-property sales are too old to establish a current resale value.

Investor Risks & Due Diligence

• Lease length, ground rent, service charge and review provisions are unknown.

• Additional seller fees may be payable under the Special Conditions of Sale.

• No current rental evidence or passing rent is supplied.

• EPC is rated E.

• Parking and heating details are unknown.

• The available comparable sales are historic transactions from 1995 and 1999 and may not reflect current value.

Recommendation

Do not bid on the supplied evidence alone. Obtain the lease, service-charge and ground-rent details, current valuation and rental evidence, plus a condition inspection before considering the property.

Strategy Rating

Analysis Confidence

The property description, guide price, tenure, EPC and known documentation fee are supplied, but current value, rent, lease terms, service charges, condition, works cost and occupancy information are materially incomplete.