Flat 1, 42 Upper Church Road, Weston-Super-Mare

Description

A two-bedroom flat in Weston-Super-Mare. The accommodation comprises an open plan living room & kitchen, two bedrooms, shower room and a W.C.

Accommodation

Ground Floor Flat. Living Room & Kitchen: 22'7 x 11'8; W.C: 5'5 x 3'0; Bedroom One: 12'3 x 8'2; Bedroom Two: 11'1 x 7'8; Shower Room: 7'7 x 3'8.

Location

The property is located close to local amenities such as shopping, leisure activities and schooling, as well as good transport links, including access to the M5.

Tenure / Property Information

Investment Analysis

Five completed Upper Church Road flat sales range from £125,000 to £145,000, averaging £134,100. A base GDV of £134,100 is supported, with £125,000–£145,000 as the evidence range. Rental evidence is limited and varies materially from £600 to £1,100 pcm asking rent.

Investment Snapshot

Strategy Recommendation

Proceed cautiously as a potential BTL or light-value opportunity only after confirming achieved rent, condition, service-cost position and legal-pack charges.

Works Required

No specific defects or refurbishment works are evidenced. Inspection and legal-pack review are required before allowing for works.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

Using the £120,000 guide plus the known £1,200 admin charge, indicative total cost is £121,200 before any unknown works, disbursements or finance costs. At a £134,100 GDV, 75% refinance is £100,575, leaving approximately £20,625 before finance, tax and other costs.

Buy-to-Let Analysis

At the £120,000 guide, the evidenced £600–£1,100 pcm asking-rent range implies approximately 6.0%–11.0% gross yield before costs. The range is wide and represents asking rents, not achieved rent. The £400 annual fund contribution and £100 ground rent also reduce net returns.

Flip Analysis

The base GDV less the guide price and known £1,200 admin charge gives £12,900 before works, selling costs, finance, tax and unknown disbursements. No supported selling allowance or refurbishment budget is available, so a reliable flip surplus cannot be established.

Investor Risks & Due Diligence

• Rental evidence is advertised asking rent and ranges from £600 to £1,100 pcm.

• Property condition and any required works are not evidenced.

• Additional disbursements or seller-related charges may apply under the special conditions.

• Annual £400 property fund contribution and £100 ground rent reduce net income.

• Council tax, parking and heating details are not supplied.

Recommendation

Proceed cautiously as a potential BTL or light-value opportunity only after confirming achieved rent, condition, service-cost position and legal-pack charges.

Strategy Rating

Analysis Confidence

Completed sales and basic tenure/occupancy data are available, but condition, achieved rent, council tax, parking, heating, buyer costs and disbursements are incomplete.