138 Conifer Way, Wembley, Middlesex, HA0 3TP

Description

A Vacant Ground Floor One Bedroom Flat. The property comprises a ground floor one bedroom flat situated within a purpose built block arranged over ground and first floors.

Accommodation

Ground Floor: Reception Room; Kitchen; Bedroom; Bathroom

Location

The property is situated on a residential road close to local shops and amenities. The open spaces of King Edward VII Park are within easy reach. Transport links are provided by North Wembley underground station (Bakerloo line) and overground station.

Tenure / Property Information

Investment Analysis

Same-road sold evidence ranges from £150,000 to £298,000, but sales are dated 2013–2020 and lack comparable bedroom, size, condition and lease details. A current GDV cannot be reliably established.

Investment Snapshot

Strategy Recommendation

Do not bid on the current evidence alone. Obtain the legal pack, inspect the flat, confirm lease and building charges, and source current one-bedroom rental and sales evidence.

Works Required

No specific defects or refurbishment requirements are evidenced. Inspection and legal-pack review are required before budgeting works.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

BRRR cannot be underwritten without a supported current GDV, rent, refurbishment budget, service-charge information and full acquisition costs. The new 125-year lease is positive in principle, but its detailed terms remain unverified.

Buy-to-Let Analysis

BTL assessment cannot be completed because no sufficiently specific rental evidence or auctioneer rent estimate is supplied. The £1,800 administration charge is known, while other fees and disbursements are unspecified.

Flip Analysis

A flip surplus cannot be calculated. The available comparables are historic and insufficiently specific, while works, selling costs and current resale value are unsupported.

Investor Risks & Due Diligence

• Current market value is uncertain because the comparables are historic and lack size, bedroom and condition details.

• No rental evidence is supplied, preventing yield and cash-flow analysis.

• Special-condition fees, legal fees, transfer fees, disbursements and other buyer costs are not quantified.

• Lease terms beyond the stated new 125-year term, including service-charge and management obligations, are unverified.

• The property is vacant and the EPC is rated D.

Recommendation

Do not bid on the current evidence alone. Obtain the legal pack, inspect the flat, confirm lease and building charges, and source current one-bedroom rental and sales evidence.

Strategy Rating

Analysis Confidence

Historic same-road sales are available, but there is no sufficiently specific current valuation, rental evidence, condition assessment, refurbishment budget or complete fee schedule.