131 Glenister Park Road, Streatham, London

Description

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

Accommodation

Ground Floor: Two Reception Rooms, Kitchen. First Floor: Three Bedrooms, Bathroom. Exterior: Rear garden.

Location

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

Tenure / Property Information

Investment Analysis

Same-street completed sales range from £275,000 to £527,000. The £440,000 May 2024 sale provides a reasonable central proxy, but differences in condition, size and timing are not evidenced. The £275,000 March 2026 sale demonstrates material downside risk. Base GDV is therefore estimated at £440,000, with a broad evidence-based range of £275,000–£527,000.

Investment Snapshot

Strategy Recommendation

Proceed only after reviewing the legal pack, obtaining a refurbishment quotation and validating resale value. Do not rely on the guide-to-GDV spread alone.

Works Required

Modernisation of the vacant three-bedroom house, including the two reception rooms, kitchen, bathroom and general internal finishes. No specific defects or costed works are evidenced.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

At the £440,000 base GDV, 75% refinance is approximately £330,000. However, required works, total acquisition costs, finance costs and achievable rent are unsupported, so cash recycling and viability cannot be confirmed.

Buy-to-Let Analysis

BTL analysis cannot be established because no sufficiently specific rental evidence or auctioneer rent estimate is supplied. Modernisation costs and purchaser disbursements are also unknown.

Flip Analysis

At the £300,000 guide, the known purchase price plus £1,800 administration charge is £301,800 before works and other disbursements. This leaves an indicative £138,200 spread to the base GDV before refurbishment, selling and finance costs; it is not a confirmed surplus.

Investor Risks & Due Diligence

• The property is expressly in need of modernisation, but no refurbishment budget is available.

• Comparable sale prices vary materially from £275,000 to £527,000.

• No sufficiently specific rental evidence is available.

• Buyer disbursements may be payable under the legal pack and are unknown.

• The guide is stated as £300,000+ and may not represent the final purchase price.

Recommendation

Proceed only after reviewing the legal pack, obtaining a refurbishment quotation and validating resale value. Do not rely on the guide-to-GDV spread alone.

Strategy Rating

Analysis Confidence

Completed same-street sales are available, but property size, condition detail, refurbishment costs, rent, selling costs and potential disbursements are not supplied.