Flat 40 (and car port), Burlescombe House, 29 Burrage Road, Redhill, Surrey

Description

Leasehold third floor flat. Upon Instruction of Countrywide.

Accommodation

Principal bedroom with en-suite, one further bedroom, reception room, kitchen, bathroom/wc

Location

The property is located on Burrage Road. Shopping amenities are available locally within Redhill Town Centre, with a further range of amenities in Reigate to the east and Central London to the north. Public transport links are available at Redhill Train Station to the south and Merstham Train Station to the north, along with local bus services. Road links include the A23 to the west and the M25 to the north. Recreational pursuits can be found locally.

Tenure / Property Information

Investment Analysis

Indicative GDV is based only on five leasehold flat sales recorded at the same building, ranging from £81,000 to £265,000. The most recent supplied sale was £230,000 on 22 December 2025, but the evidence does not identify the comparable flat numbers, sizes, condition, floor or parking arrangements. £230,000 is therefore used as a cautious base indication, with a very broad evidence range of £81,000 to £265,000. Ground rent, service charge, condition and special conditions remain unverified.

Investment Snapshot

Strategy Recommendation

Proceed only after inspection and full legal review confirms the flat, car-port rights, lease terms, service charge, ground rent and any special conditions. At the guide, it may offer value against the latest same-building sale, but the absence of rental, condition and cost evidence makes a firm BTL, BRRR or flip recommendation inappropriate.

Works Required

No refurbishment works are supported by the supplied evidence. The flat should be inspected and the lease, service charge, ground rent, heating, parking rights and any seller-charged completion costs verified before bidding.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

Using the indicative £230,000 base GDV, a 75% refinance figure would be approximately £172,500. However, total acquisition and project cost cannot be calculated because refurbishment requirements, service charge, ground rent, finance costs and possible seller-charged fees are unknown. The apparent discount to the guide should not be treated as usable equity until the comparable sales and lease costs are verified.

Buy-to-Let Analysis

BTL analysis cannot be established because no sufficiently specific rental evidence or auctioneer rent estimate is supplied. Service charge and ground rent are also unknown, preventing a reliable net-cost assessment. The £120,000 guide plus the known £1,800 buyer contract documentation fee is not enough to establish an investment yield.

Flip Analysis

A resale assessment is only indicative. The guide is £120,000 and the latest same-building supplied sale is £230,000, but comparable unit details and condition are unavailable. No refurbishment allowance, selling costs or other completion costs are supported, so a reliable flip surplus cannot be calculated.

Investor Risks & Due Diligence

• Same-building comparables are not identified by flat number, size, floor, condition or parking arrangement.

• The supplied comparable prices vary substantially from £81,000 to £265,000.

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

• Possible additional seller-charged completion fees are not supplied.

• No rental evidence or auctioneer rent estimate is available.

• Condition and required works cannot be established from the supplied evidence.

• Car-port and further parking rights require verification.

Recommendation

Proceed only after inspection and full legal review confirms the flat, car-port rights, lease terms, service charge, ground rent and any special conditions. At the guide, it may offer value against the latest same-building sale, but the absence of rental, condition and cost evidence makes a firm BTL, BRRR or flip recommendation inappropriate.

Strategy Rating

Analysis Confidence

There are several same-building completed sales and a long stated lease, but the sales are not identified by unit, rental evidence is absent, and key ownership costs, condition and completion charges are unknown.