A one-bedroom leasehold flat in Aldershot, offered vacant with offers in excess of £73,000 against an on-market value of circa £150,000+ once the lease has been extended, representing approximately 51% below market value on a post-lease-extension basis. The lease currently has approximately 56 years remaining, with an estimated lease extension cost of approximately £40,000 (subject to independent verification). Service charge is £2,031 per annum and ground rent £150 per annum. The property measures 39 sq m / 355 sq ft and benefits from vacant possession, allowing immediate occupation or letting. The location offers strong local amenities including schools, shopping, healthcare, and Aldershot Railway Station, all within 0.5 miles. Timescale for completion is 28 days.
A one-bedroom leasehold flat in Aldershot, offered with vacant possession and requiring a lease extension (estimated at approximately £40,000, subject to independent verification). The property spans 39 sq m (355 sq ft) and is well located close to schools, shops, healthcare, and Aldershot Railway Station, all within 0.5 miles, making it well suited to owner-occupiers or investors once the lease position has been addressed.
Property Overview
Financial Analysis
Comparable 2 - Sold: 1-bedroom leasehold flat, Aldershot GU11 3LD - Sold 26/03/2024 | £150,000 | 473.61 ft² | 0.12 miles from subject property
Comparable 3 - Sold: 1-bedroom leasehold flat, Aldershot GU11 1LW - Sold 17/02/2024 | £145,000 | 495.14 ft² | 0.60 miles from subject property
SSTC Supporting Evidence: Further supporting comparables currently SSTC in the area range from £125,000 to £210,000 for 1-bedroom flats within 1 mile of the subject property. Street-level evidence from the same building (Sandford Court) shows historic sales ranging from approximately £39,999 up to £195,000 over the past several years, with the most recent recorded sale at £90,000 (May 2025), reflecting the impact of short lease lengths on achievable values in this block. Subject property is being offered at £73,000 OIEO, representing approximately 51% below the post-lease-extension market value.
Secure Deal
Fee to Pay £700.8$ 934 *$ 1,336 *$ 1,315 *€ 821 * (Inc VAT)
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