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110A Portland Road, South Norwood, London, SE25 4PJ
Marketed by:
Auction House London
1a, 5 Hampstead Gate, London NW3 6AL, UK
020 7625 9007
1-Bed Leasehold Flat, South Norwood
110A Portland Road, South Norwood, London, SE25 4PJ
For Sale
£70,000+
• 1 Bedrooms
• Flat
• Leasehold
• Subject to a Periodic Tenancy
• Current Rating C
Description
A First Floor One Bedroom Flat Subject to a Periodic Tenancy Producing £15,600 Per Annum. The property comprises a first floor one bedroom flat situated within a mixed use parade arranged over ground and two upper floors.
Accommodation
First 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 South Norwood Country Park are within easy reach. Transport links are provided by Norwood Junction overground station and rail station.
Tenure / Property Information
Tenure |
Leasehold |
Lease |
The property is held on a 99 year lease from 24th June 1986 (thus approximately 58 years unexpired). |
Occupancy |
Subject to a Periodic Tenancy |
EPC |
Current Rating C |
Services |
Interested parties are requested to make their own enquiries to the relevant authorities as to the availability of services. |
Investment Analysis
The supplied sales are nearby but not sufficiently specific to establish a reliable value for this first-floor one-bedroom flat. The approximately 58-year lease, periodic tenancy and mixed-use setting materially require legal and valuation review. The £15,600 annual rent is evidenced as current passing rent, not market rent.
Investment Snapshot
Guide Price |
£70,000+ (plus fees) |
Estimated Monthly Rent |
£1,300 pcm |
Estimated Annual Rent |
£15,600 pa |
Gross Yield on Guide |
22.3% |
Strategy Recommendation
Treat as a cautious income-led purchase only after reviewing the legal pack, tenancy, lease, service charges and condition. Do not rely on the headline yield without pricing lease and compliance risks.
Works Required
No refurbishment works are evidenced. Verify condition, compliance, common parts, service charges and any required works through inspection and the legal pack.
Rental & Market Context
HB Estimated Market Rent |
£1,300 pcm |
|
No sufficiently specific external rental comparable identified. |
|
Sold Comparables
The following completed sales were identified within approximately 5 miles:
|
112g, Portland Road, London, Croydon, Se25 4pj |
£125,000 |
|
Hss Hire Shops, 108, Portland Road, London, Croydon, Se25 4pj |
£170,000 |
|
114, Portland Road, London, Croydon, Se25 4pj |
£315,000 |
|
114, Portland Road, London, Croydon, Se25 4pj |
£330,000 |
|
114, Portland Road, London, Croydon, Se25 4pj |
£315,000 |
Potential BRRR Position
A BRRR assessment cannot be supported without a reliable GDV, refurbishment budget, finance costs and lease-extension analysis. Refinance capacity is therefore unknown.
Buy-to-Let Analysis
The passing rent is £1,300 pcm, producing a 22.29% gross yield against the £70,000 guide before fees, costs, tax and finance. Total-cost yield cannot be established because works and full purchase costs are unknown. The short lease and periodic tenancy require careful review.
Flip Analysis
A flip calculation is unsupported because no property-specific GDV, works budget or selling allowance is available. The supplied comparables are not sufficiently specific.
Investor Risks & Due Diligence
• Approximately 58 years remain on the lease.
• Periodic tenancy terms, tenant status and possession position require verification.
• Nearby sold comparables are not sufficiently specific for a reliable GDV.
• No condition or refurbishment evidence is supplied.
• Special-condition disbursements and other purchaser costs are unspecified.
• Mixed-use parade setting may affect valuation, lending and management.
Recommendation
Treat as a cautious income-led purchase only after reviewing the legal pack, tenancy, lease, service charges and condition. Do not rely on the headline yield without pricing lease and compliance risks.
Strategy Rating
HB Rating |
★★☆☆☆ |
Analysis Confidence
Confidence |
Low-Medium |
Passing rent, guide price, tenure and lease information are supplied, but there is no specific rental evidence, reliable property-specific valuation, condition detail, works budget or full fee schedule.
Auction Details :
Auction House London
Auction Date :
11/11/26
Lot Number :
078
Property Location:
110A Portland Road, South Norwood, London, SE25 4PJ
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