12 Buckbean Path, Romford, Essex, RM3 8ET

Description

A Vacant Two Bedroom End of Terrace House

Accommodation

Ground Floor: Reception Room, Kitchen, WC. First Floor: Two Bedrooms, Bathroom, Separate WC. Exterior: rear garden.

Location

The property is situated on a residential road close to local shops and amenities. The open spaces of Keats Park are within easy reach. Transport links are provided by Harold Wood underground station (Elizabeth line).

Tenure / Property Information

Investment Analysis

The latest supplied completed sale for 12 Buckbean Path itself was £282,000 on 4 August 2026. Other same-road freehold terraced sales were £250,000 in 2023 and £300,000 in 2026. On that evidence, £282,000 is used as the base GDV, with £250,000–£300,000 as a comparable-supported range. The £210,000 guide is £72,000 below the direct comparable sale, but condition, transaction circumstances and any legal-pack issues are not evidenced.

Investment Snapshot

Strategy Recommendation

Potentially suitable for BTL at or near the guide if the £1,650 pcm asking rent is validated and inspection/legal-pack review finds no material issues. Do not rely on the apparent GDV discount or pursue a flip without verified condition, costs and selling assumptions.

Works Required

No specific defects or required works are evidenced. Allow for inspection and verification of the condition of the kitchen, bathroom/WCs, decoration, services, garden and EPC before bidding; no refurbishment allowance is assumed.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

Using the £282,000 base GDV, 75% of GDV is £211,500. This is only £1,500 above the £210,000 guide and does not account for the known £1,800 administration charge, refurbishment, disbursements, finance or tax. The refinance outcome and cash left in therefore cannot be reliably calculated.

Buy-to-Let Analysis

At the £210,000 guide, the single supplied advertised asking rent of £1,650 pcm implies £19,800 annual gross rent and a 9.43% gross yield before finance, maintenance, voids, management, tax and other costs. This is asking-rent evidence rather than achieved rent, and no refurbishment, finance, insurance or disbursement costs are supplied, so net return and yield on total cost cannot be established.

Flip Analysis

The direct same-address completed sale at £282,000 and same-road evidence support the base GDV, but total project cost is incomplete because no works allowance, disbursements or selling costs are supplied. A reliable flip surplus and maximum bid cannot therefore be established.

Investor Risks & Due Diligence

• The £1,650 pcm figure is an advertised asking rent, not an achieved or passing rent.

• No property condition or refurbishment costs are supplied, so total cost and maximum bid cannot be calculated reliably.

• Disbursements and other purchaser charges may be payable in addition to the known £1,800 administration charge.

• The comparable sales may differ in condition or transaction circumstances, despite including a direct address match.

• Vacant possession creates letting, void and compliance timing risk until a tenant is secured.

Recommendation

Potentially suitable for BTL at or near the guide if the £1,650 pcm asking rent is validated and inspection/legal-pack review finds no material issues. Do not rely on the apparent GDV discount or pursue a flip without verified condition, costs and selling assumptions.

Strategy Rating

Analysis Confidence

Strong evidence includes a recent completed sale for the subject address, two same-road comparables, the guide price and one rental listing. Confidence is reduced by the absence of condition, refurbishment costs, buyer disbursements, finance assumptions, achieved rent and full legal-pack information.