Flat 1, Dorset Court, Berkshire Road, Camberley, Surrey, GU15 4HF

Description

Leasehold ground floor flat with one bedroom, reception room, kitchen and bathroom/WC. The property is located on Berkshire Road, with shopping amenities in Camberley Town Centre and public transport links at Camberley and Bagshot railway stations. Road links include the A30 and M3.

Accommodation

One bedroom, reception room, kitchen, bathroom/WC

Location

Located on Berkshire Road. Shopping amenities are available locally within Camberley Town Centre. Public transport links are available at Camberley Train Station to the south west and Bagshot Train Station to the north east, along with local bus services. The property is served by the A30 and M3, both lying to the south. Barossa Nature Reserve is to the west.

Tenure / Property Information

Investment Analysis

The most relevant evidence is two Dorset Court leasehold sales at £95,000 on 29 September 2023. Older sales in the same development ranged from £141,000 to £152,500, but the evidence does not provide bedroom, condition, lease-length or specification details, so their comparability is uncertain. A base GDV of £95,000 is adopted, with a cautious evidence range of £90,000–£143,000. The 63-year lease is a material value and refinance risk.

Investment Snapshot

Strategy Recommendation

Do not bid on investment assumptions alone. Proceed only after reviewing the legal pack, lease terms, service-charge information, condition and a supported rental appraisal; the short lease warrants particular caution.

Works Required

No condition issues or required works are stated. Obtain a survey and lease review before budgeting any refurbishment; the 63-year lease may require consideration in the investment appraisal.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

At the adopted £95,000 GDV, 75% refinance is approximately £71,250. A meaningful BRRR assessment cannot be completed because refurbishment costs, rent, finance costs and other leasehold or completion costs are unavailable. The 63-year lease may restrict valuation and refinance options.

Buy-to-Let Analysis

BTL viability cannot be established because no sufficiently specific rental comparable or auctioneer rent estimate is supplied. The £1,800 inclusive-of-VAT contract documentation fee and any seller-charged completion fees would also need to be included in the full cost assessment.

Flip Analysis

A flip appraisal cannot be supported because condition, refurbishment costs and selling costs are not provided. The £95,000 base GDV is only supported by limited comparable evidence, including two £95,000 sales in the same development.

Investor Risks & Due Diligence

• Only 63 years remain on the lease, creating potential valuation, saleability and refinancing risk.

• No rental evidence or auctioneer rent estimate is available, so rental yield cannot be calculated.

• Property condition and refurbishment requirements are unknown.

• EPC, heating, parking and leasehold cost information are not supplied.

• A £1,800 inclusive-of-VAT contract documentation fee applies, and additional seller fees may be payable under the special conditions.

Recommendation

Do not bid on investment assumptions alone. Proceed only after reviewing the legal pack, lease terms, service-charge information, condition and a supported rental appraisal; the short lease warrants particular caution.

Strategy Rating

Analysis Confidence

There are relevant completed sales in the same development, but the subject's condition, rent, EPC, parking, heating, leasehold costs and seller fees are not supplied, and the comparable specifications are incomplete.