11 Wellesley Court, Maida Vale, London

Description

A Vacant Ground Floor One Bedroom Flat in Need of Modernisation. The property comprises a ground floor one bedroom flat situated within a purpose built block arranged over ground and six upper floors.

Accommodation

Ground Floor: Reception Room, Kitchen, Bedroom, Bathroom

Location

The property is situated on a residential road close to local shops and amenities. The open spaces of The Regent's Park are within easy reach. Transport links are provided by Maida Vale underground station (Bakerloo line) and Marylebone rail station.

Tenure / Property Information

Investment Analysis

Land Registry comparables in Wellesley Court range from £280,000 to £475,000, but bedroom count, floor area, condition and transaction context are not supplied. A reliable subject-specific GDV cannot therefore be established.

Investment Snapshot

Strategy Recommendation

Proceed only after obtaining a full inspection, legal-pack review, lease advice, refurbishment quotation, valuation and rental assessment. Do not rely on the guide price or raw same-block comparables alone.

Works Required

Modernisation of the vacant one-bedroom flat, subject to inspection and legal-pack review. No specific defects or quantified works are evidenced.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

BRRR analysis cannot be supported without a reliable GDV, refurbishment budget, rent and finance assumptions. The approximately 82-year lease may also affect valuation and refinanceability.

Buy-to-Let Analysis

BTL analysis cannot be established because no sufficiently specific rental evidence or auctioneer rent estimate is provided. The £1,800 administration fee and any legal-pack disbursements would also affect total cost.

Flip Analysis

A flip appraisal cannot be reliably calculated. Although same-block completed sales are supplied, the evidence does not confirm comparability with this vacant one-bedroom flat or identify selling costs and refurbishment costs.

Investor Risks & Due Diligence

• Flat is described as being in need of modernisation, but the scope and cost of works are unknown.

• Approximately 82 years remain on the lease; extension terms and costs are not supplied.

• No sufficiently specific rental evidence is available.

• Same-block sold comparables lack bedroom, size and condition details.

• The £1,800 administration fee and possible legal, search, seller-cost reimbursement and transfer charges are additional costs.

Recommendation

Proceed only after obtaining a full inspection, legal-pack review, lease advice, refurbishment quotation, valuation and rental assessment. Do not rely on the guide price or raw same-block comparables alone.

Strategy Rating

Analysis Confidence

Completed sales and basic property details are available, but there is no floor area, specific comparable detail, rent evidence, refurbishment budget or complete buyer-cost information.