Flat 6, Chantry Court, Minorca Road, Weybridge, Surrey

Description

Leasehold first floor flat

Accommodation

Two bedrooms, reception room open plan to kitchen, bathroom/wc

Location

Chantry Court is located on Minorca Road which lies off Church Street (A317). Shopping amenities are available locally within Weybridge Town Centre, with a more comprehensive range of shops, bars and restaurants found within Central London lying to the north east. Public transport links are available at Weybridge Train Station located to the south, along with a network of local bus services serving the surrounding areas. The property is served by road links including the A317 and the M25 lying to the west. Recreational pursuits can be found locally.

Tenure / Property Information

Investment Analysis

Five completed sales recorded at Chantry Court range from £268,000 to £345,000, with a simple average of £298,400. As the comparable unit sizes, bedroom counts and condition are not supplied, a cautious base GDV of £300,000 is used, with £270,000 to £345,000 as evidence-based low and high scenarios. This is an estimate, not a formal valuation.

Investment Snapshot

Strategy Recommendation

Do not bid solely against the apparent discount to the estimated GDV. Obtain and review the legal pack, lease, service-charge and ground-rent information, inspect the flat, and confirm resale and rental evidence before considering a purchase.

Works Required

No specific defects or required works are evidenced. Allow for inspection and verification of condition, lease terms, service charge, ground rent, parking and heating before bidding; no refurbishment allowance can be supported from the supplied evidence.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

Using the estimated £300,000 base GDV, a 75% refinance would be approximately £225,000. However, refurbishment costs, full acquisition costs, leasehold charges and achievable rent are unknown, so cash left in and project profitability cannot be calculated reliably. The 105-year remaining lease is a positive factor, subject to confirmation of the full lease terms and charges.

Buy-to-Let Analysis

BTL performance cannot be established because no sufficiently specific rental evidence or auctioneer rent estimate is supplied. Ground rent, service charge and any other lease costs are also unknown. The £190,000 guide plus the known £1,800 administration charge is £191,800 before any other acquisition costs, seller fees, finance and ongoing lease costs.

Flip Analysis

The evidence supports a broad resale value range of £270,000 to £345,000, with a £300,000 base estimate. A flip surplus cannot be calculated because works, full acquisition costs, seller fees, finance costs and selling costs are not supplied. The wide comparable range and lack of unit-specific details require caution.

Investor Risks & Due Diligence

• Ground rent is not stated.

• Annual service charge and other lease information are unknown.

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

• No sufficiently specific rental evidence or passing rent is supplied.

• Comparable sale prices vary materially and the supplied records do not identify unit size, bedroom count or condition.

• Parking and heating arrangements are unconfirmed.

• Full acquisition, finance, selling and refurbishment costs are unavailable.

Recommendation

Do not bid solely against the apparent discount to the estimated GDV. Obtain and review the legal pack, lease, service-charge and ground-rent information, inspect the flat, and confirm resale and rental evidence before considering a purchase.

Strategy Rating

Analysis Confidence

There are five same-address completed-sale comparables and a stated lease term, but the comparable unit details, condition, rent, leasehold charges, parking, heating, seller fees and full project costs are unavailable.