141 Norbury Crescent, Norbury, London, SW16 4JX

Description

A Vacant Three Bedroom End of Terrace House in Need of Modernisation. The property comprises a three bedroom end of terrace house arranged over ground and first floors. The listing header also states 1 Bedroom.

Accommodation

Ground Floor: Two reception Rooms, Kitchen, Pantry. First Floor: Three Bedrooms, Bathroom, WC.

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 Thornton Heath rail station.

Tenure / Property Information

Investment Analysis

The strongest evidence is the same-street completed sale at £455,000 in June 2021. A further same-street terraced sale was £420,000 in 2014. Property details and condition for those comparables are not supplied, and the subject requires modernisation, so £455,000 is only a provisional base GDV proxy, not a formal valuation.

Investment Snapshot

Strategy Recommendation

Proceed only after reviewing the legal pack, confirming the modernisation scope and obtaining current valuation and rental evidence. No reliable bid ceiling is supported by the available evidence.

Works Required

Modernisation of the vacant house as required. The evidence does not specify individual defects, scope or costs, so no detailed works budget can be supported.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

Using the provisional £455,000 GDV proxy, 75% refinance would be approximately £341,250. However, refurbishment costs, special-condition costs and total project cost are unknown, so cash required and equity outcome cannot be established.

Buy-to-Let Analysis

BTL cannot be assessed reliably because no sufficiently specific rental evidence or auctioneer rent estimate is provided. Modernisation costs and total acquisition costs are also unknown.

Flip Analysis

The £455,000 2021 same-street sale provides a provisional resale benchmark, but the comparable's condition and specification are unknown. With no supported refurbishment budget, selling allowance or complete acquisition costs, flip surplus cannot be calculated.

Investor Risks & Due Diligence

• Modernisation scope and cost are unspecified.

• No reliable rental evidence is available.

• Special-condition fees and disbursements are unknown.

• The listing conflicts between three bedrooms and a one-bedroom header.

• The main comparable sale is from 2021 and may not reflect current value or condition.

• EPC, heating and council tax information are unavailable.

Recommendation

Proceed only after reviewing the legal pack, confirming the modernisation scope and obtaining current valuation and rental evidence. No reliable bid ceiling is supported by the available evidence.

Strategy Rating

Analysis Confidence

There are relevant completed same-street sales, but they are dated or lack specification details; rent, refurbishment costs, EPC, heating, council tax and potential additional fees are unavailable. The listing also conflicts on bedroom count.