124 Sunnyhill Road, Streatham, London, SW16 2UN

Description

A freehold development opportunity currently arranged as a detached house with planning granted for a new build scheme comprising 7 flats. Once built the scheme will comprise 3 x 3 bedroom, 2 x 2 bedroom and 1 x 1 bedroom flats. Vacant.

Accommodation

Currently arranged as a detached house. Planning granted for a new build scheme comprising 7 flats: 3 x 3 bedroom, 2 x 2 bedroom and 1 x 1 bedroom flats. The planning description states 3 x 3-bed, 2 x 2-bed and 2 x 1-bed flats, all with direct access to private outside amenity space and secure refuse and bicycle enclosures.

Location

Sunnyhill Road is a residential location with outstanding transport connectivity for Zone 3. Streatham Hill station is a short walk away. Streatham station and Streatham Common station are also nearby, with Brixton Underground reachable by bus. Over 14 bus routes pass through the area.

Tenure / Property Information

Investment Analysis

The £725,000 guide is the only supplied price evidence. No completed sales, GDV evidence, build-cost estimate, planning documents, rental comparables or auctioneer rent estimate are supplied, so the development cannot be financially underwritten. The description also contains a unit-count inconsistency: the initial schedule totals six flats, while the stated planning description totals seven flats.

Investment Snapshot

Strategy Recommendation

Treat as a planning-led development opportunity only. Obtain and verify the planning permission, reconcile the six-versus-seven-flat inconsistency, and commission an independent GDV and full development appraisal before bidding.

Works Required

Implement the granted new-build scheme in place of the existing detached house, comprising the stated mix of flats, private outside amenity space, and secure refuse and bicycle enclosures. Detailed demolition, construction, professional, planning and statutory costs are not supplied.

Rental & Market Context

Potential BRRR Position

A BRRR appraisal cannot be completed without a supported GDV, detailed build-cost allowance, professional fees, finance costs, rent evidence and confirmed planning documents. The unknown buyer fee, possible VAT and other seller charges further prevent a reliable total-cost and refinance calculation.

Buy-to-Let Analysis

BTL analysis cannot be established because no sufficiently specific rental evidence or auctioneer rent estimate is supplied. The property is currently vacant and arranged as a detached house, while the intended use is a seven-flat development.

Flip Analysis

A flip/development appraisal cannot be completed because no supported completed-sale comparables, GDV, construction budget or selling-cost allowance is supplied. The guide price alone is insufficient to assess a resale surplus.

Investor Risks & Due Diligence

• The accommodation description is inconsistent: the first stated mix totals six flats, while the planning description states seven flats.

• No completed-sale comparables or supported GDV are supplied.

• No construction, demolition, professional, statutory or finance costs are supplied.

• Buyer fees, VAT treatment and possible seller charges are unspecified.

• No sufficiently specific rental evidence or auctioneer rent estimate is supplied.

• Planning is described as granted, but the planning documents and conditions have not been provided for verification.

Recommendation

Treat as a planning-led development opportunity only. Obtain and verify the planning permission, reconcile the six-versus-seven-flat inconsistency, and commission an independent GDV and full development appraisal before bidding.

Strategy Rating

Analysis Confidence

Only the guide price, broad property description, proposed accommodation and location narrative are supplied; key valuation, cost, rent, planning and fee evidence is absent.