Flat C, 43 St. James' Road, Surbiton, Surrey, KT6 4QN

Description

A Ground Floor Two Bedroom Flat. The property comprises a ground floor two bedroom flat situated within a semi detached building arranged over lower ground, ground and two upper floors.

Accommodation

Ground Floor: Open Plan Reception/Kitchen, Two Bedrooms, Bathroom.

Location

The property is situated on a residential road close to local shops and amenities. The open spaces of Queen’s Promenade are within easy reach. Transport links are provided by Surbiton rail station.

Tenure / Property Information

Investment Analysis

The strongest evidence is the same-address leasehold flat sale at £328,000 on 8 September 2025, supporting a base GDV of £328,000. Other St. James' Road sales range from £390,000 to £580,000 but are different flat addresses and no bedroom, size, condition or floor-level comparison is supplied, so they are not used to create reliable low/high GDV scenarios. The £260,000+ guide represents a £68,000 discount to the same-address sale before fees, works and lease-related considerations. The lease has approximately 77 years unexpired, which may affect mortgageability, resale and value. The £1,800 administration fee is included in the known-cost calculations below; disbursements remain unknown.

Investment Snapshot

Strategy Recommendation

Consider only after reviewing the legal pack, lease terms, service charge, ground rent, lease-extension position and lenderability. The evidence supports a potentially viable BTL at the guide on headline gross yield, but the shortish lease and unknown costs make a conservative bid essential.

Works Required

No condition defects or refurbishment requirements are supplied. Allow for inspection and only undertake works evidenced by the survey, legal pack or inspection. No refurbishment budget can be responsibly estimated from the available evidence.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

At the guide plus the known £1,800 administration fee, the stated acquisition cost is £261,800 before unknown works and disbursements. A 75% refinance against the £328,000 base GDV would be £246,000, leaving an indicative £15,800 unrecovered on this known-cost basis. Actual cash required would be higher if works, finance costs or disbursements apply. The refinance assumption is dependent on lender acceptance of the approximately 77-year lease and the achieved valuation.

Buy-to-Let Analysis

The supplied rental listing is an advertised asking rent of £1,600 pcm, not an achieved rent. At the £260,000 guide, annual gross rent of £19,200 equates to 7.38%. On the purchase price plus the known £1,800 administration charge, the gross yield is 7.33%. These figures exclude finance, service charge, ground rent, maintenance, management, voids, taxation, legal costs, disbursements and any works. The approximately 77-year lease requires specific legal and lender review before relying on the BTL case.

Flip Analysis

The base GDV is supported by the same-address completed sale at £328,000. Against the guide and known administration fee, the apparent gross spread is £66,200 before works, selling costs, finance, legal costs, disbursements and tax. No selling allowance or refurbishment budget is supplied, so a reliable flip surplus and maximum bid cannot be established. The lease length may also affect resale demand and exit valuation.

Investor Risks & Due Diligence

• Approximately 77 years remain on the lease, potentially affecting mortgageability, resale and valuation.

• The £1,600 pcm figure is an advertised asking rent rather than achieved or passing rent.

• No condition report or refurbishment budget is supplied.

• Service charge, ground rent, lease restrictions and lease-extension costs are unknown.

• Disbursements and other acquisition costs may be payable under the legal pack.

• BTL calculations exclude finance, management, maintenance, voids, tax and other operating costs.

• The same-address comparable may not have identical size, floor, condition or lease terms to Flat C.

Recommendation

Consider only after reviewing the legal pack, lease terms, service charge, ground rent, lease-extension position and lenderability. The evidence supports a potentially viable BTL at the guide on headline gross yield, but the shortish lease and unknown costs make a conservative bid essential.

Strategy Rating

Analysis Confidence

A same-address completed sale, guide price, advertised rent, lease term and administration fee are supplied. However, condition, works, service charges, ground rent, disbursements, selling costs, precise comparable attributes and legal-pack details are unavailable.