Aurore, The Mardens, Crawley, West Sussex

Description

An interesting opportunity to acquire this substantial detached property, arranged over two floors as a house with a separate annex, with the potential to sub-divide subject to obtaining the necessary consents. The property has double glazing, a gas heating system via radiators, and is in need of refurbishment throughout. It occupies a site with a driveway, parking for several vehicles, a rear patio garden, garages and outside stores.

Accommodation

Ground floor: entrance lobby, hallway, stairs to first floor, family kitchen, separate W.C., study, living room and door to rear patio, living room in annex, stairs to first floor in annex, annex kitchen, glazed door and garage workshop. First floor: main building landing, four double bedrooms and shower room/W.C.; first floor annex landing, access to roof space, two double bedrooms and shower room/W.C.

Location

Situated in the village suburb of Ifield, on the outskirts of Crawley. There are comprehensive local shopping facilities, with access to the nearby A23 providing road links to Gatwick, London and all surrounding areas.

Tenure / Property Information

Investment Analysis

The strongest evidence is Ewhurst, The Mardens, a detached freehold property sold for £570,000 in December 2024. This provides a broad local reference, but its size, condition, accommodation and annex provision are not supplied, so it is not a fully comparable valuation. The £390,000–£420,000 guide is materially below that sale, but the subject requires refurbishment throughout and any sub-division depends on obtaining the necessary consents. A cautious base GDV of £570,000 is used as a local evidence reference only; no reliable low/high scenario can be established from the supplied evidence.

Investment Snapshot

Strategy Recommendation

Proceed only after a full structural and building survey, detailed refurbishment quotations, and planning advice on the proposed sub-division. Do not rely on the indicative £570,000 GDV or bid without establishing total project costs.

Works Required

Refurbishment throughout, subject to survey and contractor pricing. Works may include updating the existing accommodation, kitchens, bathrooms, decoration and services as required by inspection. Any sub-division or conversion of the main house and annex requires the necessary planning, building-control and other consents; no specific works scope or cost is evidenced.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

A BRRR assessment cannot be completed without a supported refurbishment budget, achievable rent, finance costs and a more specific post-works valuation. The £427,500 figure represents 75% of the cautious £570,000 local reference GDV only and does not establish cash left in.

Buy-to-Let Analysis

BTL analysis cannot be established because no sufficiently specific rental comparable or auctioneer rent estimate is supplied. The property is vacant and requires refurbishment, so the achievable rent and operating economics remain unquantified.

Flip Analysis

A flip surplus cannot be calculated because refurbishment costs, acquisition costs, selling costs and a sufficiently specific resale valuation are not supplied. The December 2024 £570,000 local detached sale is a useful reference but may not reflect this property's condition, size or annex arrangement.

Investor Risks & Due Diligence

• Refurbishment is required throughout, but no detailed condition report or cost estimate is supplied.

• Potential sub-division is subject to obtaining the necessary consents and is not assured.

• The strongest comparable lacks supplied details on size, condition and annex provision.

• No rental evidence is available, preventing reliable BTL or BRRR yield analysis.

• Administration, search, other non-optional fees, Stamp Duty, Land Registry fees and VAT may apply, but amounts are unspecified.

• Vacant possession means there is no established passing rent.

Recommendation

Proceed only after a full structural and building survey, detailed refurbishment quotations, and planning advice on the proposed sub-division. Do not rely on the indicative £570,000 GDV or bid without establishing total project costs.

Strategy Rating

Analysis Confidence

There is one relatively recent local detached sale and basic property information, but no detailed comparable specifications, rental evidence, refurbishment budget, buyer fee amount, planning outcome or selling-cost allowance.