Rutland Place, The Rutts, Bushey, Hertfordshire

Description

A Freehold Detached Block Arranged to Provide Sixty Two Flats (All Sold Off on Long Leases at Peppercorn Ground Rents). Potential for a Single Storey Extension to Create Further Flats (Subject to Obtaining all Relevant Consents).

Accommodation

Detached block arranged to provide sixty two flats across lower ground, ground and three upper floors.

Location

Situated on a residential road close to local shops and amenities. The open spaces of King George Recreation Ground are within easy reach. Transport links are provided by Stanmore underground station (Jubilee line) and Bushey rail station.

Tenure / Property Information

Investment Analysis

No completed-sale comparables, GDV evidence or specific rental evidence has been supplied. The asset is a freehold detached block comprising 62 flats, but all flats are sold on long leases at peppercorn ground rents, so the freehold's existing income is not evidenced. The stated extension potential is subject to all relevant consents and cannot be valued from the supplied information. The £5,000 guide is not evidence of market value and is stated to be plus fees.

Investment Snapshot

Strategy Recommendation

Do not bid on the supplied evidence alone. Obtain and review the legal pack, all long leases, service-charge and management information, title obligations, and planning feasibility for the proposed extension before considering the asset as a freehold investment or development opportunity.

Works Required

No existing repair or refurbishment works are evidenced. Investigate the potential single-storey extension only through planning, building-control and lease/legal due diligence; no extension cost or value can be estimated from the supplied evidence.

Rental & Market Context

Potential BRRR Position

BRRR cannot be underwritten because no GDV, rent, refinance valuation or works budget is supported. At the guide plus the known administration charge, the indicative outlay is £6,800 before any buyer premium and disbursements, but this does not establish a viable refinance or equity position.

Buy-to-Let Analysis

BTL yield cannot be established. No sufficiently specific external rental comparable or auctioneer rent estimate is supplied, and the 62 flats are stated to be sold on long leases at peppercorn ground rents. The indicative £6,800 total comprises the £5,000 guide plus the stated £1,800 administration charge only; buyer premium and possible disbursements are excluded.

Flip Analysis

A flip analysis cannot be completed because no GDV, comparable sales, works allowance or supported selling-cost allowance is supplied. The extension opportunity is expressly subject to obtaining relevant consents and should not be included in value without evidence.

Investor Risks & Due Diligence

• All 62 flats are sold on long leases at peppercorn ground rents, so existing freehold income is not evidenced.

• The proposed extension is subject to obtaining all relevant consents and has no supported cost or value assessment.

• Buyer premium fees may be payable, and disbursements or other charges may arise; amounts are not supplied.

• No completed-sale comparables or specific rental evidence has been provided.

• Lease, service-charge, management and title obligations are not supplied.

Recommendation

Do not bid on the supplied evidence alone. Obtain and review the legal pack, all long leases, service-charge and management information, title obligations, and planning feasibility for the proposed extension before considering the asset as a freehold investment or development opportunity.

Strategy Rating

Analysis Confidence

The property description and tenure are clear, but there are no completed-sale comparables, rental evidence, GDV, condition/works information, EPC, service-charge data, lease details, planning evidence or full fee schedule.