150 Colne Drive, Romford, Havering, RM3 9JT

Description

A Vacant Three Bedroom Semi Detached House

Accommodation

Ground Floor: Through Reception Room, Kitchen. First Floor: Three Bedrooms, Bathroom. Exterior: Front and rear gardens.

Location

The property is situated on a residential road close to local shops and amenities. The open spaces of Central Park are within easy reach. Transport links are provided by Harold Wood underground station (Elizabeth line).

Tenure / Property Information

Investment Analysis

The supplied comparable evidence comprises historic sales on the same road, with the latest dated 17 March 2014 at £190,000. These transactions are too old and insufficient in number and detail to establish a reliable 2026 GDV. The £220,000+ guide cannot therefore be validated against the supplied evidence, particularly as fees and any disbursements may be payable.

Investment Snapshot

Strategy Recommendation

Do not bid on the supplied evidence alone. First obtain current comparable evidence, a survey or viewing-based works budget, rental evidence and the full legal-pack fee schedule.

Works Required

No specific defects or refurbishment requirements are stated. Obtain a full inspection and review the legal pack before budgeting for works; the EPC is currently rated D.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

A BRRR assessment cannot be supported because current GDV, refurbishment cost, achievable rent and total acquisition costs are unavailable. The £220,000+ guide is before the known £1,800 administration charge and any applicable disbursements.

Buy-to-Let Analysis

The property is vacant, but no sufficiently specific rental evidence or auctioneer rent estimate is supplied. Rental income and yield cannot be established. The £1,800 administration charge and potentially payable disbursements would also need to be included in any cost model.

Flip Analysis

A flip appraisal cannot be supported. The latest supplied same-road sale is from 2014 and no current GDV, works budget, selling costs or resale evidence is provided. Any purchase above the guide would further increase the risk.

Investor Risks & Due Diligence

• Historic comparable sales are insufficient to establish current market value.

• No sufficiently specific rental evidence or passing rent is available.

• Property condition and refurbishment requirements are not specified.

• The £220,000+ guide is exclusive of the known £1,800 administration charge.

• Additional disbursements, seller costs, legal fees, search fees or transfer fees may be payable under the special conditions.

• No current GDV or supported resale price is available.

Recommendation

Do not bid on the supplied evidence alone. First obtain current comparable evidence, a survey or viewing-based works budget, rental evidence and the full legal-pack fee schedule.

Strategy Rating

Analysis Confidence

The property description, tenure, occupancy, guide and administration charge are supplied, but current valuation evidence, condition, rental evidence, refurbishment costs and complete purchase costs are missing.