94 Blakeney Road, Symonds Green, Stevenage, Hertfordshire

Description

A one bedroom ground floor flat. The property forms part of a purpose built block. In need of modernisation. Vacant.

Accommodation

Ground Floor - Entrance Hallway, Reception Room, Kitchen, Bedroom, Bathroom/WC.

Location

Located on Blakeney Road, accessed off Clovelly Way. Stevenage is located in Hertfordshire, roughly 30 miles north of central London. Bury Mead provides a large green space for leisure activities. There is a selection of shops, bars and restaurants within easy reach of the property along the Stevenage Old Town High Street, while further leisure amenities are available a couple of miles away in Stevenage town centre. The A1 (M) is easily accessible and provides good road communications to London and further afield. Transport Stevenage - Great Northern, Hull Trains, LNER, Thameslink, lumo.

Tenure / Property Information

Investment Analysis

The only supplied completed comparable is 99 Blakeney Road, a leasehold flat/maisonette sold for £100,000 on 14 May 2026. It is on the same road but its condition, size and specification are not provided, so £100,000 is a limited base GDV estimate rather than a formal valuation. The subject requires modernisation, but no works scope or cost evidence is supplied.

Investment Snapshot

Strategy Recommendation

Do not set a bid price from the current evidence. Review the legal pack, inspect the required modernisation and obtain a local rental and refurbishment assessment before bidding.

Works Required

Modernisation of the flat, with the precise works to be confirmed by inspection and the legal pack. No specific defects or costed items are evidenced.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

Using the limited £100,000 base GDV estimate, 75% of GDV equates to £75,000. Refurbishment costs, acquisition costs and finance/tax costs are unavailable, so total project cost and cash left in cannot be established.

Buy-to-Let Analysis

A BTL assessment cannot be completed because no sufficiently specific rental comparable or auctioneer rent estimate is supplied. Buyer fees, VAT position and other costs are also unquantified.

Flip Analysis

A flip surplus cannot be calculated because refurbishment costs, acquisition charges, selling costs and VAT treatment are not supplied. The single same-road comparable provides only limited GDV support.

Investor Risks & Due Diligence

• The sole comparable may differ in size, specification or condition.

• The property requires modernisation, but the scope and cost are unknown.

• No reliable rent evidence is supplied, preventing yield analysis.

• Buyer premium, VAT treatment and any seller or administration charges are unquantified.

• Lease terms and other material matters require review in the legal pack.

• The new 999-year lease is stated to be granted on completion, subject to the legal pack.

Recommendation

Do not set a bid price from the current evidence. Review the legal pack, inspect the required modernisation and obtain a local rental and refurbishment assessment before bidding.

Strategy Rating

Analysis Confidence

There is one recent same-road completed sale and clear tenure, occupancy and property-type information, but no condition-adjusted comparables, rental evidence, works budget or quantified auction charges.