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12 Kempton Close, Erith, Kent
Marketed by:
Auction House London
1a, 5 Hampstead Gate, London NW3 6AL, UK
020 7625 9007
Vacant Two-Bedroom Leasehold Flat in Erith
12 Kempton Close, Erith, Kent
For Sale
£100,000+
• 2 Bedrooms
• Flat
• Leasehold
• Vacant
• Garage
• Current Rating D
Description
A Vacant Second Floor Two Bedroom Flat in Need of Modernisation. The property comprises a second floor two bedroom flat situated within a purpose built block arranged over ground and two upper floors.
Accommodation
Second Floor: Kitchen/Reception Room, Two Bedrooms, Bathroom. Exterior: The property benefits from communal gardens and a garage.
Location
The property is situated on a residential road close to local shops and amenities. The open spaces of Holly Hill Open Space are within easy reach. Transport links are provided by Erith rail station.
Tenure / Property Information
Tenure |
Leasehold |
Lease |
The property is held on a 99 year lease from 31st December 2008 (thus approximately 81 years unexpired). |
Occupancy |
Vacant |
EPC |
Current Rating D |
Parking |
Garage |
Services |
Interested parties are requested to make their own enquiries to the relevant authorities as to the availability of services. |
Investment Analysis
Sold evidence on the same close ranges from £94,000 to £190,000, with most evidence between £120,000 and £141,000. The £190,000 sale may reflect differing condition or specification. A cautious base GDV of £135,000 is used, with low and high scenarios of £120,000 and £141,000.
Investment Snapshot
Guide Price |
£100,000+ (plus fees) |
HB Estimated GDV |
£135,000 |
Strategy Recommendation
Do not bid on current evidence alone. Obtain the legal pack, inspect the modernisation requirement and confirm lease/service-charge details before considering a cautious flip or owner-occupier purchase.
Works Required
Modernisation throughout, including the kitchen/reception area, bathroom, bedrooms and general finishes. The description does not quantify the required works, so inspection and the legal pack are essential.
Rental & Market Context
|
No sufficiently specific external rental comparable identified. |
|
Sold Comparables
The following completed sales were identified within approximately 5 miles:
|
25, Kempton Close, Erith, Bexley, Da8 3sr |
£190,000 |
|
17, Kempton Close, Erith, Bexley, Da8 3sr |
£127,000 |
|
17, Kempton Close, Erith, Bexley, Da8 3sr |
£94,000 |
|
32, Kempton Close, Erith, Bexley, Da8 3sr |
£120,000 |
|
35, Kempton Close, Erith, Bexley, Da8 3sr |
£141,000 |
Potential BRRR Position
Base GDV |
£135,000 |
75% Refinance |
£101,250 |
At a base GDV of £135,000, 75% refinance is approximately £101,250. Cash requirements cannot be calculated because refurbishment, purchase-related special charges and total project costs are unknown.
Buy-to-Let Analysis
BTL appraisal cannot be established because no sufficiently specific rental evidence or auctioneer rent estimate is supplied. Modernisation costs, lease costs and service-charge information are also unavailable.
Flip Analysis
The evidence supports a broad resale range of £120,000 to £141,000, but flip surplus cannot be calculated without a refurbishment allowance, selling costs and complete purchase costs. The £1,800 administration fee is known; other charges may apply.
Investor Risks & Due Diligence
• Approximately 81 years remain on the lease.
• The flat requires modernisation, but the scope and cost are not provided.
• No sufficiently specific rental evidence is available.
• Special conditions may impose search, seller, legal, transfer and other disbursement charges.
• Same-close sold prices vary materially, reducing valuation certainty.
Recommendation
Do not bid on current evidence alone. Obtain the legal pack, inspect the modernisation requirement and confirm lease/service-charge details before considering a cautious flip or owner-occupier purchase.
Strategy Rating
HB Rating |
★★☆☆☆ |
Analysis Confidence
Confidence |
Medium |
Several same-close completed sales support a broad GDV range, but condition differences are unknown and there is no usable rent, refurbishment budget or complete fee information.
Auction Details :
Auction House London
Auction Date :
11/11/26
Lot Number :
077A
Property Location:
12 Kempton Close, Erith, Kent
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