150B Westmount Road, Eltham, London, SE9 1XA

Description

A Vacant First Floor One Bedroom Flat. The property comprises a first floor one bedroom flat situated within a parade arranged over ground and two upper floors.

Accommodation

First 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 Eltham Park South are within easy reach. Transport links are provided by Eltham rail station.

Tenure / Property Information

Investment Analysis

Available same-road leasehold sales range from £122,000 to £245,000, but bedroom count, size and condition are not supplied. The £145,000 sale at 150C on 30 October 2024 is the closest address evidence and is used as the indicative base GDV, with £122,000–£180,000 as cautious evidence-based scenarios. The £245,000 sale is not relied upon due to insufficient comparability information.

Investment Snapshot

Strategy Recommendation

Proceed only after reviewing the legal pack, confirming all lease charges and inspecting condition. Do not rely on BTL or BRRR returns until rent and full costs are evidenced.

Works Required

No specific defects or refurbishment requirements are evidenced. Obtain a full inspection and legal-pack review before allowing for works.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

At the £100,000 guide, the known administration charge is £1,800, before unknown legal, search, transfer and other charges. A 75% refinance against the indicative £145,000 GDV would be £108,750, but total project cost and cash requirement cannot be calculated without works and full costs.

Buy-to-Let Analysis

BTL yield cannot be established because no sufficiently specific rental evidence or auctioneer rent estimate is provided. The flat is vacant, but service charge, ground rent, council tax and other ownership costs are also unknown.

Flip Analysis

An indicative £145,000 GDV is supported by the closest supplied sale, but resale surplus cannot be calculated because refurbishment, acquisition, legal, finance and selling costs are incomplete.

Investor Risks & Due Diligence

• No sufficiently specific rental evidence, so rental yield is unverified.

• Condition and refurbishment requirements are unknown.

• Service charge, ground rent and other lease costs are not supplied.

• Additional legal, search, transfer, seller-cost reimbursement and disbursement charges may apply.

• Comparable sales lack bedroom, size and condition details, limiting GDV confidence.

• Leasehold terms and restrictions require legal-pack review.

Recommendation

Proceed only after reviewing the legal pack, confirming all lease charges and inspecting condition. Do not rely on BTL or BRRR returns until rent and full costs are evidenced.

Strategy Rating

Analysis Confidence

There are several same-road completed sales and a long lease, but no floor area, condition, rental evidence, service charge, ground rent, parking information or complete acquisition-cost schedule.