Block of flats for sale

2x3Bed 1x4Bed, St Peters Road, Uxbridge UB8

Located in the quiet and sought-after cul-de-sac of St Peters Road, Uxbridge UB8, this modern property offers an exceptional opportunity for investors. Built in 2020, the home benefits from a contemporary design, has 5 years remaining on its structural warranty, providing added peace of mind for buyers.

•Year Built: 2020 (with 5 years remaining structural warranty)
•Composition:
•Ground Floor: 3 Bed, 2 Bath
•First Floor: 4 Bed, 2 Bath
•Second Floor: 3 Bed, 2 Bath
•Parking: Allocated + large driveway
•Spec: High spec finish, part furnished
•Potential Uses: Family lets, HMO, serviced accommodation (STPP)

gdv:
To estimate gdv, we assess the resale value of each flat individually, assuming they are sold off separately.

Comparable Sale Values (Uxbridge UB8, built 2020+):
•3-bed flats (modern): 375,000 – 425,000
•4-bed flats (rare, but estimated): 475,000 – 525,000

Estimated gdv:
-Ground Floor (3-bed): ~ 400,000
-First Floor (4-bed): ~ 500,000
-Second Floor (3-bed): ~ 400,000

Total gdv= 400,000+ 500,000+400,000=1.3 Million Total gdv} = 400,000 + 500,000 + 400,000 = 1.3 million Total gdv = 400,000+ 500,000+400,000 =1.3 Million

Estimated gdv: 1.25M –£1.35M, depending on finish and buyer demand.

Erv:
Assuming long-term lets, here is a breakdown:

Uxbridge Rental Market (modern spec):
3-bed flats: 2,000 – 2,300/month
4-bed flats: 2,300 – 2,600/month

Estimated erv:
-Ground Floor (3-bed): 2,150/month
-First Floor (4-bed): 2,500/month
-Second Floor (3-bed): 2,150/month

Total erv per annum= (2,150+2,500+2,150) ×12=82,800 pa {Total erv per annum} = (2,150 + 2,500 + 2,150) × 12 = 82,800 p.a.} Total erv per annum= (2,150+2,500+2,150) ×12= 82,800 pa.

Estimated erv: 80,000 – 85,000 per annum.