139 Carpenders Avenue, Watford, WD19 5BN

Description

An double fronted end of terrace chalet bungalow requiring modernisation, with accommodation arranged on two floors. Driveway providing off-street parking, front garden and garden at rear.

Accommodation

Top Floor: Bedroom (Three). Ground Floor: Entrance Hall, Living Room, Kitchen, Bedroom (One), Bedroom (Two), Bathroom/WC.

Location

Situated on Carpenders Avenue, close to local shopping/travelling facilities including Carpenders Park Train Station. Sylvia Avenue Open Space is also nearby.

Tenure / Property Information

Investment Analysis

The only supplied comparable is 149 Carpenders Avenue, Watford, a freehold terraced property sold for £590,000 on 15 August 2024. It is on the same road and postcode but is not directly like-for-like because the subject is an end-of-terrace chalet bungalow requiring modernisation. The £590,000 figure is therefore used only as a provisional base GDV benchmark, not a formal valuation. No supported low/high GDV range can be established from one non-identical comparable.

Investment Snapshot

Strategy Recommendation

Do not bid on the current evidence alone. Obtain a full inspection, refurbishment quotation, rental appraisal and confirmation of any seller’s special-condition fees before considering a flip or BRRR strategy.

Works Required

Modernisation of the existing accommodation, including the kitchen, bathroom/WC and general finishes, subject to inspection. No specific defects, structural works or upgrade requirements are evidenced, so the works scope and cost cannot be quantified.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

Using the provisional £590,000 base GDV, a 75% refinance would equate to £442,500. Total project cost cannot be calculated because refurbishment costs, seller charges and any finance costs are not supplied. The cash left in and BRRR viability therefore remain unquantified.

Buy-to-Let Analysis

BTL analysis cannot be established because no sufficiently specific rental comparables or auctioneer rent estimate were supplied. The property is vacant and requires modernisation, with refurbishment costs also unavailable.

Flip Analysis

A flip assessment cannot be quantified. The supplied £590,000 comparable provides a provisional resale benchmark, but refurbishment costs and any supported selling allowance are unavailable. The subject also differs from the comparable in property type and condition.

Investor Risks & Due Diligence

• The only comparable is not directly like-for-like and may not represent the subject’s modernised value.

• The property requires modernisation, but no refurbishment cost or detailed condition information is supplied.

• Rental income and gross yield cannot be established from the available evidence.

• The seller may charge additional completion fees under the special conditions, but no amount is supplied.

• Vacant possession creates an initial void period while modernisation is assessed and completed.

Recommendation

Do not bid on the current evidence alone. Obtain a full inspection, refurbishment quotation, rental appraisal and confirmation of any seller’s special-condition fees before considering a flip or BRRR strategy.

Strategy Rating

Analysis Confidence

There is one same-road completed sale and clear tenure, occupancy and accommodation information, but no quantified works, rental evidence, detailed comparable set, seller fees or special conditions.