72 Spring Rise, Egham, Surrey

Description

A Vacant Two Bedroom Semi Detached House in Need of Refurbishment. The property comprises a two bedroom semi detached house arranged over ground and first floors.

Accommodation

Ground Floor: Two Reception Rooms, Kitchen, Bathroom. First Floor: Two Bedrooms. Exterior: Front and rear gardens.

Location

The property is situated on a residential road close to local shops and amenities. The open spaces of Englefield Park are within easy reach. Transport links are provided by Egham rail station.

Tenure / Property Information

Investment Analysis

The subject property sold for £300,000 in November 2022. The adjacent 70 Spring Rise sold for £292,000 in January 2023. These provide a supported value range of £292,000–£300,000, but are dated and do not evidence current condition or refurbishment-adjusted value. Base GDV is estimated at £296,000.

Investment Snapshot

Strategy Recommendation

Proceed only after reviewing the legal pack and obtaining a refurbishment quotation. The opportunity may suit a refurbishment-led resale, but the guide is not sufficient alone to establish a viable project return.

Works Required

General refurbishment is required, with particular attention to the EPC F rating. The evidence does not define the works scope, specification or cost, so no reliable refurbishment allowance can be calculated.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

At the base GDV, a 75% refinance would be approximately £222,000. However, total project cost and cash left in cannot be established because refurbishment costs and potential special-condition charges are unknown.

Buy-to-Let Analysis

BTL cannot be assessed reliably because no sufficiently specific rental evidence or auctioneer rent estimate is provided. Refurbishment costs and additional purchase charges are also unknown.

Flip Analysis

The guide price implies a £96,000 gross difference against the base GDV before refurbishment, finance, taxes, selling costs and other charges. A reliable flip surplus cannot be calculated without a works budget and supported selling allowance.

Investor Risks & Due Diligence

• Current EPC rating is F.

• The property is described as needing refurbishment, but the scope and cost are unknown.

• Special Conditions of Sale may create additional Search Fees, sellers’ costs, Legal Fees or Transfer Fees.

• The comparable sales are from 2022 and 2023 and may not represent current market value.

• No reliable rental evidence is provided.

Recommendation

Proceed only after reviewing the legal pack and obtaining a refurbishment quotation. The opportunity may suit a refurbishment-led resale, but the guide is not sufficient alone to establish a viable project return.

Strategy Rating

Analysis Confidence

Two relevant completed sales support the GDV range, but the evidence lacks current comparables, rental evidence, refurbishment costs and complete purchase charges.