13 Caldicote Green, Snowdon Drive, West Hendon, London

Description

A Vacant First Floor Studio Flat. The property comprises a first floor studio flat situated within a detached building arranged over ground and first floors.

Accommodation

First Floor: Studio Room; Bathroom

Location

The property is situated on a residential road close to local shops and amenities. The open spaces of Silver Jubilee Park are within easy reach. Transport links are provided by Wembley Park underground station (Jubilee line), Hendon rail station and the M1.

Tenure / Property Information

Investment Analysis

The supplied comparables on Caldicote Green range from £175,000 to £192,500 for leasehold flats/maisonettes, but their size, accommodation and lease terms are not provided. They cannot reliably establish the value of this vacant studio, particularly with approximately 59 years remaining on the lease. No supported GDV, rent or maximum bid can therefore be calculated.

Investment Snapshot

Strategy Recommendation

Do not bid on current evidence. Obtain the legal pack, lease and service-charge details, lease-extension advice, an independent valuation and verified rental evidence before considering the purchase.

Works Required

No specific defects or refurbishment requirements are evidenced. Allow only for inspection, routine maintenance if identified, and legal/lease due diligence; no works allowance can be quantified.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

BRRR analysis is not supportable without a reliable GDV, rent, refurbishment budget, finance assumptions and lease-extension assessment. The £1,800 administration charge is known, while further special-condition costs are unspecified.

Buy-to-Let Analysis

BTL analysis cannot be established because no sufficiently specific rental evidence, passing rent or auctioneer rent estimate is supplied. The short approximately 59-year lease may also affect mortgageability and tenant demand.

Flip Analysis

A flip appraisal cannot be reliably calculated. Local sold evidence exists, but the comparables are not sufficiently specified to adjust for studio accommodation, condition, size or remaining lease term. Selling costs are also not supplied.

Investor Risks & Due Diligence

• Approximately 59 years remain on the lease.

• Service charge and ground rent are not supplied.

• Special-condition fees and disbursements may be payable but are unspecified.

• No sufficiently specific rental evidence is available.

• Comparable sale accommodation, size, condition and lease terms are not provided.

• The vacant studio’s condition and precise market value are unverified.

Recommendation

Do not bid on current evidence. Obtain the legal pack, lease and service-charge details, lease-extension advice, an independent valuation and verified rental evidence before considering the purchase.

Strategy Rating

Analysis Confidence

There are several local completed-sale comparables and clear tenure/occupancy information, but no property size, condition, rent, service charge, ground rent, lease comparability or full purchase-cost data.