Flat 2, 42 Frimley Road, Camberley, Surrey, GU15 3BD

Description

A Ground Floor One Bedroom Flat Subject to a Periodic Tenancy Producing £12,000 Per Annum. The property comprises a ground floor one bedroom flat situated within a detached building arranged over ground and two upper floors.

Accommodation

Ground Floor: Reception Room, Kitchen, Bedroom, Bathroom.

Location

The property is situated on a residential road close to local shops and amenities. The open spaces of Barossa Nature Reserve are within easy reach. Transport links are provided by Blackwater rail station.

Tenure / Property Information

Investment Analysis

The five supplied leasehold flat comparables range from £80,000 to £105,000. The four direct 42 Frimley Road comparables range from £80,000 to £91,000, £100,000 and £90,000, averaging approximately £90,250. A base GDV of £90,000 is therefore used, with an evidence-supported range of £80,000–£100,000. The comparable lease terms and individual flat details are not provided, so this is indicative only.

Investment Snapshot

Strategy Recommendation

Potential income-led purchase only if the achieved price leaves adequate margin for the short lease, EPC G, lease-extension costs and unknown disbursements. Obtain and review the legal pack before bidding; do not rely on a flip or BRRR outcome without quantified costs.

Works Required

No detailed condition report or works schedule is supplied. Allow for inspection, general compliance checks and investigation of measures needed to improve the current EPC G rating; no refurbishment budget can be responsibly quantified from the evidence.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

At the £90,000 base GDV, 75% refinance is £67,500. The potential refinance proceeds cannot be compared reliably with total invested capital because refurbishment costs, disbursements and the acquisition price achieved are unknown. The approximately 55 years unexpired lease and the practical outcome and cost of the proposed section 42 process are central BRRR risks.

Buy-to-Let Analysis

The stated passing rent is £12,000 per annum (£1,000 pcm), while the supplied one-bedroom asking-rent evidence is £1,060 pcm and is not an achieved rent. At the £60,000 midpoint of the £40,000–£80,000 guide range, the gross yield on the stated rent is approximately 20% before finance, leasehold costs, maintenance, voids, tax and other expenses. The short lease and EPC G require careful due diligence, and total-cost yield cannot be established without a works allowance and full purchaser costs.

Flip Analysis

A base GDV of £90,000 is supported by the supplied same-address comparables, with an evidence range of £80,000–£100,000. A flip surplus cannot be calculated because refurbishment costs and a supported selling-cost allowance are not supplied. The short lease may also affect resaleability and value.

Investor Risks & Due Diligence

• Approximately 55 years remain on the lease, which may restrict lending, resaleability and value.

• The property is subject to a periodic tenancy; tenancy terms, compliance and vacant-possession position require legal-pack review.

• The current EPC rating is G, but the work required and cost are unknown.

• Buyer disbursements are not quantified and the legal pack may identify further completion costs.

• The £1,060 pcm rental evidence is an advertised asking rent, not an achieved rent.

• The supplied comparables are recorded at the same address but do not identify the individual flats or confirm matching lease terms.

Recommendation

Potential income-led purchase only if the achieved price leaves adequate margin for the short lease, EPC G, lease-extension costs and unknown disbursements. Obtain and review the legal pack before bidding; do not rely on a flip or BRRR outcome without quantified costs.

Strategy Rating

Analysis Confidence

There are several relevant same-address sold comparables and stated rental income, but the comparable flat identities, lease terms, condition, refurbishment costs, lease-extension costs, purchaser disbursements and full auction costs are unavailable.