Flat 6 Elveden Court and Garage 6, Epsom Road, Leatherhead, Surrey

Description

Vacant leasehold self-contained ground floor studio flat with garage. Key features include a reception room/bedroom, kitchen and bathroom. GIA approximately 32.23 sq m (347 sq ft). By order of a Housing Association.

Accommodation

Reception room/bedroom, kitchen, bathroom and garage

Location

Located on the south east side of Epsom Road. The shops and amenities of Leatherhead are to the south west; Leatherhead rail station is approximately 0.9 miles to the west; the A24 and M25 motorway are to the east; Fortyfoot Recreation Ground is to the south east.

Tenure / Property Information

Investment Analysis

The three most recent supplied sales at Elveden Court were £100,000 in October 2025 and £114,000 in March 2026, with an earlier £175,000 sale in August 2025. The evidence does not identify the comparable flat sizes, garages, condition or lease terms, so the valuation is indicative only. A base GDV of £107,000 is adopted from the two latest sales, with a supported evidence range of £100,000–£114,000. The approximately 39-year lease is a significant valuation and resale risk, and no lease-extension cost is supplied.

Investment Snapshot

Strategy Recommendation

Do not bid on the current evidence alone. Proceed only after confirming the exact lease terms, lease-extension position and cost, mortgageability, physical condition, service charges, all auction fees and resale value for this specific flat and garage.

Works Required

No specific defects or required works are evidenced. Allowance would need to cover any confirmed redecoration, cleaning or repairs identified by inspection, but no numeric refurbishment budget is supportable from the supplied evidence.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

A 75% refinance illustration on the £107,000 base GDV is £80,250, but total project cost cannot be calculated because works, buyer costs, administration charges and other fees are unknown. The short remaining lease creates material refinance risk, so BRRR is not supportable without lease and lender due diligence.

Buy-to-Let Analysis

BTL analysis cannot be completed because no sufficiently specific rental evidence or auctioneer rent estimate is supplied. The short approximately 39-year lease may also restrict mortgageability, tenant demand and resaleability. Confirm lease-extension prospects, lender criteria and achievable rent before bidding.

Flip Analysis

Using the evidence-supported £107,000 base GDV, a flip margin cannot be calculated because refurbishment, acquisition, selling and other project costs are not supplied. The guide price is £81,000, leaving only £26,000 before all such costs and the lease-related valuation risk is considered.

Investor Risks & Due Diligence

• Approximately 39 years remain on the lease, creating potential lease-extension, mortgageability and resale risks.

• Comparable sales do not state whether they include garages or have similar lease lengths, sizes or condition.

• No sufficiently specific rental evidence is available, so yield and rental coverage cannot be assessed.

• Buyer premium, administration charge, seller or third-party fees and service charges are not supplied.

• Physical condition and required works are not evidenced.

• The property is vacant and no EPC, council tax, heating or parking detail is supplied.

Recommendation

Do not bid on the current evidence alone. Proceed only after confirming the exact lease terms, lease-extension position and cost, mortgageability, physical condition, service charges, all auction fees and resale value for this specific flat and garage.

Strategy Rating

Analysis Confidence

Recent completed sales at the same court are available, but the comparable unit details, lease terms, condition, rental evidence, service charges, buyer costs and refurbishment requirements are incomplete.