Parsons Son & Basley says ..
SOLD PRIOR TO AUCTION (Subject to S5a Notices) Auction Guide £12,500 Expressions of Interest Sought for this Freehold ground rent reversion comprising of 2 flats (one with parking space, all sold off on long leases producing an annual income of £200. The flats have unexpired lea...
Property Oracle says ..
This property on Crawley Road in Horsham is listed for auction at a very low price of £12,500. The property is described as a freehold ground rent reversion comprising two flats that are sold off on long leases. The annual income is listed as £200. The listing mentions that the flats have unexpired leases. The images suggest a semi-detached house in need of some updating and potential renovation. The property’s exterior is generally sound but appears dated, with windows and a front door looking to be in need of an update. The immediate surroundings appear to be residential and local amenities are relatively close, including Littlehaven train station, several schools and local shops. However, the very low price raises considerable concerns. It is crucial to understand the details of the ground rent reversion and potential ongoing costs or liabilities associated with owning this type of property before any investment decision is made. There is minimal outdoor space. A thorough professional survey and investigation of all associated documentation are essential to avoid potential risks before bidding.
Therefore, we give this property 4 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *
- Price
- 3
- Condition
- 5
- Location
- 7
- Land
- 1
- Bedrooms
- 0
- Bathrooms
- 0
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The heatmap indicates the level of crime in the area. The color of the heatmap indicates the crime severity and recency.
Metrics Year-on-Year
- Average area value
- 394,750.00 £Decreased by 3.81 %
- Average area rental value
- 1,680.00 £/moIncreased by 22.18 %
- Est rental Yield
- 5.11 %Increased by 27.11 %
- Crime Rate
- 31.00 %Unchanged by 0.00 %
Agent Activity
Parsons Son & Basley created the listing.
Nearby Schools
Name | Type | Ofsted | Distance |
---|---|---|---|
Roffey Children & Family Centre | Children's Centre | 0.11 KM | |
Littlehaven Infant School | Community School | Good | 0.38 KM |
Northolmes Junior School, Horsham | Community School | Good | 0.48 KM |
Leechpool Primary School | Community School | Good | 0.79 KM |
All Saints Cofe Primary School, Horsham | Voluntary Aided School | Good | 1.02 KM |
Images
Nearby Streets
Name | Average Price | Average Sqft | Distance |
---|---|---|---|
Fitzalan Road | £ 525,000 | 0 | 0.00 KM |
Fitzalan Road | £ 0 | 0 | 0.00 KM |
Manston Court | £ 209,993 | 0 | 0.00 KM |
High Birch Close | £ 725,000 | 0 | 0.00 KM |
The Poplars | £ 235,000 | 0 | 0.00 KM |
Nearby Transport
Name | NLC | TLC | Distance |
---|---|---|---|
Littlehaven | 5498 | LVN | 0.88 KM |
Horsham | 5309 | HRH | 1.98 KM |
Warnham | 5316 | WNH | 3.63 KM |
Faygate | 5493 | FGT | 5.08 KM |
Christs Hospital | 5319 | CHH | 7.16 KM |
Nearby Listings
Address | Price | Type | Score | Distance |
---|---|---|---|---|
Crawley Road, Horsham | £ 12,500 | BUY | 4 / 10 | 0.00 KM |
Crawley Road, Horsham | £ 270,000 | BUY | 6 / 10 | 0.03 KM |
Godwin Way, Horsham, RH13 6SQ | £ 250,000 | BUY | 5 / 10 | 0.11 KM |
Godwin Way, Horsham | £ 250,000 | BUY | Unknown | 0.14 KM |
Vernon Close, Horsham, RH12 4EE | £ 400,000 | BUY | 6 / 10 | 0.14 KM |
Nearby Properties
Address | Price | Distance |
---|---|---|
86 Crawley Road | £ 225,000 | 0.03 KM |
148 Crawley Road | £ 220,500 | 0.03 KM |
102 Crawley Road | £ 127,000 | 0.03 KM |
80 Crawley Road | £ 335,000 | 0.03 KM |
151 Crawley Road | £ 273,000 | 0.11 KM |