Flat 4 Twin Oaks Court, 134 Harlington Road, Uxbridge, Middlesex

Description

Leasehold ground floor studio flat

Accommodation

Studio room open plan to kitchen, bathroom/wc

Location

The property is located on Harlington Road (A437). Shopping amenities are available locally within Uxbridge lying to the north with a further range of shops, bars and restaurants found within Central London located to the east. Public transport links are available at Uxbridge London Underground Station (Metropolitan Line) along with a network of local bus services serving the surrounding areas. The property is served by road links including the A437 and the A4020 lying to the east. Recreational pursuits can be found locally.

Tenure / Property Information

Investment Analysis

The most recent supplied completed sale in the same building was £135,000 in January 2020, with earlier same-building sales at £124,999 and £105,000. A base GDV of £135,000 is used, but the comparable evidence is dated and does not confirm the subject flat's current condition, lease length or specification. The £1,800 contract documentation fee is known; seller's additional completion fees, lease costs and service charges are not supplied.

Investment Snapshot

Strategy Recommendation

Proceed only after reviewing the lease and special conditions and confirming service charge, ground rent, lease term, seller fees and physical condition. On current evidence, the asking-rent yield is potentially attractive, but the unknown lease and ownership costs make bidding without clarification unsuitable.

Works Required

No specific works are evidenced. Condition should be inspected before bidding; heating, parking, lease information and any required repairs remain unconfirmed.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

At the £115,000 guide, the known £1,800 contract documentation fee would bring the purchase price before works and other fees to £116,800. A 75% refinance against the £135,000 base GDV is estimated at £101,250, but cash left in cannot be calculated because refurbishment, service charge, ground rent, lease and other completion costs are unsupported.

Buy-to-Let Analysis

The supplied advertised asking rent is £1,000 pcm, equating to £12,000 annually and a gross yield of approximately 10.43% against the £115,000 guide. This is an asking rent, not achieved rent, and the effective yield cannot be confirmed because service charge, ground rent, lease length, seller fees and other ownership costs are unknown.

Flip Analysis

A base GDV of £135,000 is supported by the latest same-building completed sale, with £124,999 used as a lower evidence point. A flip surplus cannot be calculated because works, total acquisition costs, seller fees and selling costs are not supplied.

Investor Risks & Due Diligence

• Lease length, ground rent, review terms and service charge are unknown.

• The seller may charge additional completion fees under the special conditions.

• The £1,000 pcm figure is an advertised asking rent rather than achieved rent.

• The sold comparables are dated, with the latest supplied sale completing in January 2020.

• Physical condition, heating and parking are unconfirmed.

• EPC rating is D.

Recommendation

Proceed only after reviewing the lease and special conditions and confirming service charge, ground rent, lease term, seller fees and physical condition. On current evidence, the asking-rent yield is potentially attractive, but the unknown lease and ownership costs make bidding without clarification unsuitable.

Strategy Rating

Analysis Confidence

There is same-building sold-price evidence, one advertised rental listing and a stated buyer documentation fee, but the lease, service charge, ground rent, condition, parking, heating, seller fees and current market evidence are incomplete.