152 Grantley Street, Bethnal Green, London

Description

A three bedroom mid terrace house. Externally the property benefits from a rear garden. In need of modernisation. Vacant.

Accommodation

Ground Floor - Entrance Hallway, Open Plan Reception/Dining Room, Kitchen, Bathroom/WC. First Floor - Three Bedrooms, WC.

Location

The property is on Grantley Street in Mile End, within the London Borough of Tower Hamlets. Local shops and services are available within Bethnal Green and along Mile End Road, with further amenities accessible in Shoreditch. Recreational amenities include nearby open spaces such as Weavers Fields and Mile End Park. Transport links include Bethnal Green Underground and railway stations and road access via the A11 and A1209. Transport Stepney Green - Circle / District / Hammersmith & City. Mile End - Central / Circle / District / Hammersmith & City. Bethnal Green - Central.

Tenure / Property Information

Investment Analysis

The three recent same-street freehold terraced sales were £836,000, £862,500 and £900,000, with the first two completing in 2025. A base GDV of £850,000 is used as an indicative estimate, broadly reflecting the recent evidence. However, the comparables do not provide floor areas, layouts, condition or refurbishment specification, so the valuation range is uncertain. The £500,000 guide excludes the buyer’s fee and potentially VAT or seller charges.

Investment Snapshot

Strategy Recommendation

Proceed only after reviewing the legal pack, inspecting the property and obtaining a detailed refurbishment budget. The guide appears below the indicative comparable evidence, but the unknown buyer and seller charges, condition costs and missing floor-area data make a firm maximum bid unsupported.

Works Required

Modernisation of the vacant three-bedroom house, including assessment and upgrading of the kitchen, bathroom/WC, WC, finishes and general internal presentation. The evidence does not specify defects or provide a works budget, so no refurbishment cost is estimated.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

Using the indicative £850,000 base GDV, 75% refinance would be approximately £637,500. A BRRR assessment cannot be completed because refurbishment costs, buyer charges, finance costs, rental income and total project cost are unavailable.

Buy-to-Let Analysis

BTL analysis cannot be established because no sufficiently specific rental evidence or auctioneer rent estimate is supplied. Modernisation requirements and unknown acquisition costs further prevent a reliable net or gross yield calculation.

Flip Analysis

The recent same-street sales support an indicative resale range of £836,000 to £900,000, with £850,000 used as the base GDV. A flip surplus cannot be calculated because refurbishment costs, buyer charges, seller charges, VAT and selling costs are not supplied.

Investor Risks & Due Diligence

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

• The guide excludes the buyer’s fee and may be subject to VAT and seller charges under the special conditions.

• The comparable sales do not provide floor areas, condition or refurbishment details, limiting GDV reliability.

• No sufficiently specific rental evidence is available, so rental yield and BTL viability cannot be established.

• The property is vacant and no information is supplied on utilities, heating, parking or other operational matters.

Recommendation

Proceed only after reviewing the legal pack, inspecting the property and obtaining a detailed refurbishment budget. The guide appears below the indicative comparable evidence, but the unknown buyer and seller charges, condition costs and missing floor-area data make a firm maximum bid unsupported.

Strategy Rating

Analysis Confidence

There is useful same-street completed-sale evidence and clear tenure, occupancy and accommodation information, but no floor areas, detailed condition survey, refurbishment budget, rental evidence, buyer fee, seller charges or VAT position.