1 Casselden Road, Harlesden, London, NW10 8QR

Description

An End of Terrace Building Arranged to Provide a Vacant First Floor Two Bedroom Flat and a Ground Floor Flat (Sold Off on a Long Lease)

Accommodation

Ground Floor: Flat (Not Inspected). First Floor: Reception Room, Kitchen, Two Bedrooms, Bathroom.

Location

The property is situated on a residential road close to local shops and amenities. The open spaces of Stonebridge Recreation Ground are within easy reach. Transport links are provided by Stonebridge Park underground (Bakerloo line), overground and rail stations.

Tenure / Property Information

Investment Analysis

The only supplied comparable is a £98,000 freehold flat sale from August 2000 on the same road. It is too dated to support a current GDV or market value. No current comparable, rental evidence, EPC, condition report or inspection information is supplied. The ground-floor flat is not inspected and is sold off on a long lease of approximately 110 years remaining.

Investment Snapshot

Strategy Recommendation

Do not bid on the current evidence alone. Obtain the legal pack, inspect the first-floor flat, review the ground-floor long lease and establish current comparable values, rent and works costs before considering purchase.

Works Required

No specific works are evidenced. Obtain inspection and legal-pack information before budgeting; the first-floor flat should be assessed for condition, repair and compliance requirements. The ground-floor flat was not inspected.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

BRRR analysis cannot be established without a supported current GDV, refurbishment budget, achievable rent and finance assumptions. The freehold interest includes a first-floor flat while the ground-floor flat is sold off on a long lease, so title and valuation treatment require legal and valuation review.

Buy-to-Let Analysis

BTL analysis cannot be established because no sufficiently specific rental evidence or auctioneer rent estimate is supplied. The vacant status supports potential letting, but achievable rent, condition, compliance costs and total acquisition cost remain unknown.

Flip Analysis

A flip surplus cannot be calculated. The supplied comparable is historic and no current GDV, refurbishment allowance or supported selling-cost allowance is available.

Investor Risks & Due Diligence

• Insufficient current comparable evidence to support the £230,000+ guide or a GDV.

• No reliable rental evidence, so yield and letting viability cannot be established.

• The ground-floor flat is not inspected and is sold off on a long lease with approximately 110 years unexpired.

• Buyer premium is not supplied, and the legal pack may contain additional disbursements, search fees, seller costs, legal fees or transfer fees.

• Condition, EPC, council tax, heating and parking information are not supplied.

• The first-floor flat is vacant, so there is no passing rental income.

Recommendation

Do not bid on the current evidence alone. Obtain the legal pack, inspect the first-floor flat, review the ground-floor long lease and establish current comparable values, rent and works costs before considering purchase.

Strategy Rating

Analysis Confidence

Current valuation, rental, condition, EPC, property outgoings and refurbishment evidence are absent; the only comparable is from 2000 and the ground-floor flat is uninspected.