Flat 78 Quadrivium Point, Bath Road, Slough, Buckinghamshire

Description

A Fourth Floor Two Bedroom Flat Subject to a Periodic Tenancy Producing £16,200 Per Annum. The property comprises a fourth floor two bedroom flat situated within a purpose built block arranged over ground and six upper floors.

Accommodation

Fourth Floor: Reception Room, Kitchen, Two Bedrooms, Bathroom

Location

The property is situated on a residential road close to local shops and amenities. The open spaces of Mercian Way Recreation Ground are within easy reach. Transport links are provided by Burnham rail station and the M4.

Tenure / Property Information

Investment Analysis

The supplied sold comparables are for the same development but are dated 2017–2018 and range from £100,000 to £241,000, with no floor area, condition, aspect or unit-specific detail. They do not support a reliable current GDV. The £140,000+ guide is an auction guide, not a formal valuation. Current rent of £16,200 per annum equates to £1,350 pcm and sits between the supplied advertised asking rents of £1,100 and £1,500 pcm.

Investment Snapshot

Strategy Recommendation

Consider only as an income-led BTL purchase if the tenancy, rent payments, service charges, ground rent, legal pack and all auction fees are verified. Do not rely on a flip or BRRR strategy without current valuation evidence.

Works Required

No refurbishment defects or required works are evidenced. The property is occupied under a periodic tenancy and has an EPC rating of C. Allowance for works is therefore £0 in the arithmetic only, not a condition-based cost estimate.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

BRRR analysis cannot be completed reliably because no current GDV, refurbishment budget, service-charge information or refinance terms are supplied. A 75% GDV refinance figure is therefore unsupported. The approximately 103-year unexpired lease is stated, but lease-related charges and lender criteria remain unverified.

Buy-to-Let Analysis

At the £140,000 guide, the stated £16,200 annual rent produces an indicative gross yield of 11.57%. Including the known £1,800 administration charge, the yield is approximately 11.42%. This excludes the unknown buyer premium, disbursements, service charges, ground rent, finance, tax and management costs. The passing rent should be verified against the tenancy and payment history; the rental listings are asking rents only.

Flip Analysis

A flip surplus cannot be calculated because the supplied comparables are dated and inconsistent, there is no supported current GDV, no refurbishment allowance, and no selling-cost allowance. The property is also subject to a periodic tenancy, which may affect possession and resale execution.

Investor Risks & Due Diligence

• The property is subject to a periodic tenancy, and tenancy terms, arrears and possession position are not supplied.

• The sold comparables are dated 2017–2018 and range widely from £100,000 to £241,000.

• Buyer premium, disbursements, service charges, ground rent, legal costs and other transfer-related charges are unknown.

• The supplied rental listings are advertised asking rents, not achieved rents, although the property has a stated rent of £16,200 per annum.

• Council tax, parking and heating information is not supplied.

• No current GDV or refurbishment cost can be supported from the evidence.

Recommendation

Consider only as an income-led BTL purchase if the tenancy, rent payments, service charges, ground rent, legal pack and all auction fees are verified. Do not rely on a flip or BRRR strategy without current valuation evidence.

Strategy Rating

Analysis Confidence

The rent, guide price, tenure, lease length and known administration charge are supplied, but current valuation evidence is absent, historic comparables are inconsistent, and key costs and property details are missing.