14 Stelling Road, Erith, Bexley, DA8 3JH

Description

A Vacant Three Bedroom Semi Detached House in Need of Modernisation. The property comprises a three bedroom semi detached house arranged over ground and first floors.

Accommodation

Ground Floor: Reception Room; Kitchen/Diner; Conservatory; Store Room; WC. First Floor: Three Bedrooms; Bathroom.

Location

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

Tenure / Property Information

Investment Analysis

Same-road completed sales range from £220,000 (2018) to £280,000 (2023), with inconsistent 2018 records of £343,000, £550,000 and £573,333. A cautious base GDV of £280,000 uses the latest directly comparable sale, but the subject needs modernisation and comparable condition is unknown.

Investment Snapshot

Strategy Recommendation

Proceed only after legal-pack review, survey and a detailed refurbishment quote. The guide appears to offer potential value against the cautious GDV, but no reliable maximum bid can be set from the supplied evidence.

Works Required

Modernisation of the house as required, including the kitchen/diner, bathroom, decoration and other items identified by survey. No specific defects or works costs are supplied.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

A 75% refinance of the £280,000 base GDV indicates £210,000 gross refinance proceeds. Total project cost cannot be calculated because refurbishment costs, finance costs and potential special-condition fees are unknown.

Buy-to-Let Analysis

BTL assessment cannot establish rent or yield because no sufficiently specific rental evidence or auctioneer rent estimate is provided. The property is vacant and requires modernisation.

Flip Analysis

The latest same-road completed sale supports a cautious £280,000 base GDV, but the subject requires modernisation and comparable condition is unknown. A flip surplus cannot be calculated without works, acquisition and selling costs.

Investor Risks & Due Diligence

• The property is described as needing modernisation, but the scope and cost of works are unknown.

• Same-road comparable sales are materially inconsistent, including unusually high 2018 records.

• No reliable rental evidence is available, preventing yield assessment.

• Special Conditions of Sale may create additional search, legal, transfer or seller-cost charges.

• The property is vacant, so there is no passing rent to assess.

Recommendation

Proceed only after legal-pack review, survey and a detailed refurbishment quote. The guide appears to offer potential value against the cautious GDV, but no reliable maximum bid can be set from the supplied evidence.

Strategy Rating

Analysis Confidence

There is a recent same-road sale, but comparable results are inconsistent and there is no rental evidence, refurbishment budget, EPC, survey or complete fee schedule.