Flat 1, 103 Warley Hill, Warley, Brentwood, Essex, CM14 5HG

Description

A two bedroom duplex apartment located on the basement and ground floor with its own rear garden, located within walking distance of the Town Centre and Brentwood Railway Station, with its excellent links into London Liverpool Street and the Elizabeth Line. It is considered that the property would be an ideal buy to let investment.

Accommodation

Kitchen - 15'0 x 10'6; Lounge - 15'1 x 15'7; Door to garden; Bedroom One - 10'9 x 10'3; Bedroom Two - 12'4 x 10'2; Alcove - 7'1 x 3'10; Bathroom/WC

Location

Within walking distance of the Town Centre and Brentwood Railway Station, with links into London Liverpool Street and the Elizabeth Line.

Tenure / Property Information

Investment Analysis

Recent supplied comparables at the same postcode sold for £240,000 and £250,000 in 2025. A base GDV of £245,000 is indicated, with a £240,000–£250,000 evidence range. However, the comparables' lease lengths are not supplied, while this flat has 61 years remaining, so no lease adjustment can be reliably quantified.

Investment Snapshot

Strategy Recommendation

Potential BTL only if lease, service charges, ground rent, condition and all auction fees are acceptable. Do not bid on the headline yield alone.

Works Required

No refurbishment defects or specific works are evidenced. Inspection should establish condition and any required works before bidding.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

At the £200,000 guide, the indicated 75% refinance of the £245,000 base GDV is £183,750. Total project cost cannot be calculated because buyer fees, administration charges and refurbishment costs are unspecified. Lease length may also affect refinanceability and valuation.

Buy-to-Let Analysis

The advertised asking rent is £1,700 pcm, producing £20,400 annually and a 10.2% gross yield against the £200,000 guide, before fees, finance, service charges, maintenance and voids. This is only asking-rent evidence, not achieved rent. The 61-year lease is a significant BTL and resale consideration.

Flip Analysis

The evidence suggests a resale value around £240,000–£250,000, but a reliable flip surplus cannot be calculated because works, purchase fees and selling costs are unavailable. The 61-year lease may reduce the achievable resale value compared with the supplied comparables.

Investor Risks & Due Diligence

• Only 61 years remain on the lease.

• Buyer and administration fees are unspecified despite the guide being plus fees.

• No service charge or ground rent information is supplied.

• The rent is an advertised asking rent rather than achieved rent.

• Property condition and refurbishment costs are not evidenced.

• A reliable total project cost, maximum bid and flip surplus cannot be calculated.

Recommendation

Potential BTL only if lease, service charges, ground rent, condition and all auction fees are acceptable. Do not bid on the headline yield alone.

Strategy Rating

Analysis Confidence

Recent local sales and one advertised rent are supplied, but lease details for comparables, property condition, service charges, ground rent, buyer fees and refurbishment costs are missing.