Almeria, Thorpe Lea Road, Egham, Surrey

Description

A substantial two-storey detached building of approximately 2,854 sq ft in a highly sought after residential location. It is currently arranged as 1 x three bed, 1 x two bed and 1 x one bedroom flat, with potential to reconfigure back to a single dwelling subject to requisite consents. The property is presented in reasonable decorative order and externally benefits from off-street parking, garage and a large rear garden. To be sold with vacant possession. By order of the Trustees.

Accommodation

Ground Floor - Three Bedrooms, Two Shower Rooms, Utility, Two Living Rooms, Two Kitchens/Diners, W.C, Carport. First Floor - Three Bedrooms, Diner, Living Room, Kitchen, Bathroom.

Location

The property is located on Thorpe Lee Road close to the turning for Keswick Road. Local amenities can be found on Thorpe Lee Road, Egham High Street and The Avenue. Recreational amenities of Hythe Park, Wentworth Club and Runnymeade Pleasure Ground are all easily accessible. Transport: Egham - National Rail.

Tenure / Property Information

Investment Analysis

The property is a substantial vacant freehold detached building of approximately 2,854 sq ft, currently arranged as three flats: one three-bedroom, one two-bedroom and one one-bedroom unit. The £660,000 guide equates to approximately £231 per sq ft, calculated from the supplied floor area, but no completed sales, formal valuation, rental evidence or GDV evidence has been supplied. Accordingly, market value, investment value and any reconfiguration uplift cannot be reliably estimated. The buyer fee is unspecified, and VAT or other seller charges may apply.

Investment Snapshot

Strategy Recommendation

Do not bid on the current evidence alone. Before proceeding, obtain a full inspection, confirm the lawful status and consent requirements for the three-flat arrangement or any single-dwelling reconfiguration, and obtain local valuation and rental evidence. Treat the £660,000 guide as an auction guide rather than an established market value.

Works Required

The description states that the property is in reasonable decorative order. No specific refurbishment defects or costs are evidenced. Any proposed project would require verification of the existing flat arrangements and consideration of reconfiguration back to a single dwelling, subject to the requisite consents. Inspection should establish the condition of the building, services, kitchens, bathrooms, garage, carport and external areas before budgeting works.

Rental & Market Context

Potential BRRR Position

A BRRR assessment cannot be underwritten from the supplied evidence. There is no supported GDV, rent, refurbishment allowance, buyer fee or total project cost. Refinance potential would also depend on the accepted configuration, consents, condition and lender valuation.

Buy-to-Let Analysis

BTL analysis cannot be established because no sufficiently specific rental comparables or auctioneer rent estimate were supplied. The building is currently arranged as three flats, but the evidence does not confirm lawful use, achievable rents, operating costs or compliance requirements for those arrangements.

Flip Analysis

A flip appraisal cannot be calculated because no completed sales, supported GDV, refurbishment budget or selling-cost allowance has been supplied. The potential to reconfigure to a single dwelling is expressly subject to the requisite consents and should not be treated as value uplift without confirmation.

Investor Risks & Due Diligence

• No completed sales or formal valuation evidence has been supplied.

• No sufficiently specific rental evidence or auctioneer rent estimate has been supplied.

• The buyer fee is unspecified and VAT or other seller charges may apply.

• Reconfiguration back to a single dwelling is subject to the requisite consents.

• The lawful and compliant status of the existing three-flat arrangement is not evidenced.

• Condition, services and refurbishment requirements have not been independently evidenced.

• The property is vacant, so no passing rental income is evidenced.

Recommendation

Do not bid on the current evidence alone. Before proceeding, obtain a full inspection, confirm the lawful status and consent requirements for the three-flat arrangement or any single-dwelling reconfiguration, and obtain local valuation and rental evidence. Treat the £660,000 guide as an auction guide rather than an established market value.

Strategy Rating

Analysis Confidence

The property description, size, tenure, vacancy and guide are supplied, but there are no completed comparables, rental evidence, EPC, council tax, heating details, buyer fee, refurbishment costs or supported GDV.