12 Cross Road, Orpington, Kent

Description

A Vacant Two Bedroom Mid Terrace House in Need of Modernisation. The property comprises a two bedroom mid terrace house arranged over ground and first floors.

Accommodation

Ground Floor: Two Reception Rooms, Kitchen, Bathroom. First Floor: Two Bedrooms, Bathroom. Exterior: The property benefits from a rear garden.

Location

The property is situated on a residential road close to local shops and amenities. The open spaces of Poverest Park are within easy reach. Transport links are provided by St Mary Cray rail station.

Tenure / Property Information

Investment Analysis

Completed same-road terraced sales range from £269,300 to £390,000, with £345,000 and £375,000 sales providing relevant upper evidence. Bedroom counts and condition are not supplied, so GDV scenarios remain indicative. A £345,000 base GDV is adopted.

Investment Snapshot

Strategy Recommendation

Investigate as a potential BTL/BRRR purchase, subject to survey, legal-pack review, verified rent and firm refurbishment quotations. Do not bid solely on the headline GDV.

Works Required

Modernisation is required, but the evidence does not specify the scope, condition defects or costs. Obtain a full survey and contractor quotations.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

At the £345,000 base GDV, 75% refinancing is approximately £258,750. Cash left in cannot be calculated because refurbishment costs and other completion charges are unknown.

Buy-to-Let Analysis

Advertised asking rents indicate £1,750–£2,300 pcm, equivalent to 10.5%–13.8% gross yield against the £200,000 guide. Achieved rent, refurbishment cost and total acquisition costs are unconfirmed, so net returns cannot be established.

Flip Analysis

The completed-sale evidence supports an indicative £300,000–£375,000 scenario range, with £345,000 adopted as base GDV. Flip surplus cannot be calculated without refurbishment, selling and full purchase costs.

Investor Risks & Due Diligence

• Modernisation scope and cost are unspecified.

• Comparable sales have differing prices and bedroom/condition details are unavailable.

• Rental figures are advertised asking rents rather than achieved rents.

• Special-condition charges and other legal-pack costs may be payable but are unquantified.

• No EPC, heating, parking, council tax or property-size information is supplied.

Recommendation

Investigate as a potential BTL/BRRR purchase, subject to survey, legal-pack review, verified rent and firm refurbishment quotations. Do not bid solely on the headline GDV.

Strategy Rating

Analysis Confidence

There are several same-road completed sales and rental adverts, but bedroom comparability, property condition, measurements, EPC, refurbishment costs and additional legal charges are incomplete.