10 Gascoigne Road, New Addington, CR0 0NA

Description

Semi detached house; three bedrooms; in need of modernisation; rear garden; off street parking; freehold; vacant possession.

Accommodation

Ground Floor - Reception Room, Kitchen; First Floor - Three Bedrooms, Bathroom / WC

Location

New Addington is situated approximately 5 miles south east of Croydon town centre. The property is situated close to the junction of Salcot Crescent. Shopping facilities are available locally at Central Parade and Parkway. Recreational facilities can be found at Spring Park and Coney Hall Recreation Ground, which are both conveniently close by. Nearby road connections are via the M25, A23 and A232. Transport: National Rail Hayes, East Croydon.

Tenure / Property Information

Investment Analysis

The only supplied comparable is 26 Gascoigne Road, a freehold semi-detached property sold for £250,000 in August 2013. This is too dated to support a current market value or GDV. The £295,000 guide is not a valuation and excludes an unspecified buyer fee. Current resale evidence, condition detail and refurbishment costing are insufficient for reliable underwriting.

Investment Snapshot

Strategy Recommendation

Do not proceed on the supplied evidence alone. Obtain current comparable sales, an inspection-based refurbishment quotation, rental evidence and the full auction fee and special-conditions schedule before bidding.

Works Required

Modernisation is required, but the evidence does not specify the condition or scope. Any works assessment should first establish the required extent of refurbishment across the reception room, kitchen, three bedrooms, bathroom/WC and external areas, without assuming particular defects or upgrades.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

A BRRR analysis cannot be completed reliably without a supported post-works GDV, refurbishment budget, rent and purchase-cost information. The guide price alone is insufficient to assess refinance proceeds or cash left in.

Buy-to-Let Analysis

BTL viability cannot be established because no sufficiently specific rental evidence or auctioneer rent estimate is supplied. Refurbishment scope, buyer fee and other purchase costs are also unknown.

Flip Analysis

A flip analysis cannot be completed because there is no current resale evidence, supported GDV, refurbishment allowance or selling-cost allowance. The sole comparable is from 2013 and should not be used as a current valuation without further evidence.

Investor Risks & Due Diligence

• The sole supplied comparable completed in August 2013 and may not represent current value.

• The property is described as needing modernisation, but the scope and cost are unspecified.

• The buyer fee is unspecified and may materially increase acquisition cost.

• VAT and other seller charges may apply under the Special Conditions of Sale.

• No sufficiently specific rental evidence is available, preventing yield analysis.

Recommendation

Do not proceed on the supplied evidence alone. Obtain current comparable sales, an inspection-based refurbishment quotation, rental evidence and the full auction fee and special-conditions schedule before bidding.

Strategy Rating

Analysis Confidence

Evidence includes the property description, guide price and one highly dated comparable, but lacks current market evidence, rental evidence, refurbishment costs, buyer fees and seller charges.