Flat 30 Eastgate House, 223 High Street, Guildford, Surrey, GU1 3BY

Description

A Fourth Floor One Bedroom Flat. The property comprises a fourth floor one bedroom flat situated within a mid terrace building arranged over ground and four upper floors.

Accommodation

Fourth 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 Pewley Down are within easy reach. Transport links are provided by London Road rail station.

Tenure / Property Information

Investment Analysis

The same-building sold evidence ranges from £160,000 to £250,000, with the two most recent recorded sales at £225,000 in 2021 and £250,000 in 2024. Because the comparable flat sizes, lease lengths and condition are not supplied, and this flat has approximately 49 years unexpired, £225,000 is used as a provisional base GDV rather than a formal valuation. A supported scenario range is £160,000 to £250,000.

Investment Snapshot

Strategy Recommendation

Potential high-yield leasehold acquisition only subject to legal-pack review, confirmation of leasehold charges and restrictions, inspection, and evidence that the short lease is financeable and saleable. Do not set a maximum bid from the headline GDV alone.

Works Required

No specific works are evidenced. Allow for inspection and verification of the flat's condition, communal areas, lease, service charge and any required remedial works before bidding.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

At the guide plus the known admin charge, the indicative acquisition cost is £76,800 before buyer premium, disbursements, works and finance. A 75% refinance against the provisional £225,000 GDV would be £168,750, implying potential gross capital release of £91,950 before finance, tax and refinancing costs. This is highly sensitive to the actual valuation, lease length, lender criteria, leasehold charges and any required works.

Buy-to-Let Analysis

Using a conservative £1,100 pcm asking-rent indication, annual rent is £13,200. This produces a gross yield of 17.6% on the £75,000 guide and 17.19% on the guide plus the known £1,800 admin charge, before finance, service charge, ground rent, maintenance, voids, tax and other fees. The rental evidence is advertised asking rent only and is not property-specific. The approximately 49-year lease and unknown leasehold costs require careful verification.

Flip Analysis

A provisional £225,000 base GDV suggests substantial gross value headroom over the £75,000 guide, but a reliable flip surplus cannot be calculated because refurbishment costs, buyer premium, selling costs, disbursements, finance costs and the effect of the short lease are not supplied. The comparable sales may not match this flat's size, condition or lease term.

Investor Risks & Due Diligence

• Approximately 49 years remain on the lease, which may restrict mortgageability, resale and valuation.

• Buyer premium, disbursements and other legal or seller costs are not quantified.

• Service charge, ground rent, reserve fund and lease restrictions are not supplied.

• No condition or refurbishment information is provided.

• Rental evidence comprises advertised asking rents rather than achieved or passing rents and is not specific to the flat.

• Sold comparables do not include size, condition or lease-length details, limiting GDV reliability.

Recommendation

Potential high-yield leasehold acquisition only subject to legal-pack review, confirmation of leasehold charges and restrictions, inspection, and evidence that the short lease is financeable and saleable. Do not set a maximum bid from the headline GDV alone.

Strategy Rating

Analysis Confidence

There is useful same-building sold evidence and local asking-rent evidence, but the subject flat's condition, service charge, ground rent, buyer premium, disbursements, comparable lease terms and exact rental comparability are unknown.