15B Argyle Road, Mile End, London, E1 4EQ

Description

A one bedroom first floor flat. The property forms part of an attractive converted mid terrace building. In need of refurbishment. Vacant.

Accommodation

First Floor - Entrance Hallway, Reception Room, Kitchen, Bedroom, Bathroom/WC.

Location

The property is situated on Argyle Road, between Massingham Street and Alderney Road. Local shops and everyday services are available within Mile End and nearby Whitechapel. Recreational amenities include nearby open spaces such as Stepney Green Park and Mile End Park. Transport links include Stepney Green Underground Station and Limehouse Station and road access via the A11 and A13, providing connections across East and Central London. Transport Stepney Green - Circle, District, Hammersmith & City.

Tenure / Property Information

Investment Analysis

The supplied sold comparables on Argyle Road range from £365,000 to £535,000, but no comparable floor areas, bedroom counts, condition details or lease terms are provided. The subject requires refurbishment, so a reliable GDV or scenario range cannot be established without better-matched evidence. The £170,000 guide is before an unstated buyer fee, and VAT or seller charges may apply.

Investment Snapshot

Strategy Recommendation

Do not set a bid or pursue a refurbishment strategy until the legal pack, survey, refurbishment scope, buyer/admin fees, VAT position and local rental evidence have been reviewed.

Works Required

Complete the required refurbishment identified in the particulars. The evidence does not specify individual defects, finishes, services or statutory works, so no detailed scope or cost can be supported.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

A BRRR assessment cannot be completed reliably. The property is vacant and a new 990-year lease is stated, but GDV, refurbishment cost, achievable rent, purchase fees and refinance value remain unsupported or unknown.

Buy-to-Let Analysis

BTL viability cannot be established because no sufficiently specific rental evidence or auctioneer rent estimate is supplied. Refurbishment costs, buyer fees and potentially applicable VAT are also unknown.

Flip Analysis

A flip appraisal cannot be quantified. Although nearby sold evidence ranges from £365,000 to £535,000, the comparables are not sufficiently detailed to establish a subject-specific resale value, and refurbishment and selling costs are unavailable.

Investor Risks & Due Diligence

• The flat is stated to require refurbishment, but the scope and cost are not supplied.

• The buyer fee is unstated and VAT or seller charges may apply.

• No sufficiently specific rental evidence is available, preventing yield analysis.

• The sold comparables lack size, bedroom, condition and detailed lease information, limiting GDV reliability.

• The new 990-year lease requires review of the legal pack and completion terms.

Recommendation

Do not set a bid or pursue a refurbishment strategy until the legal pack, survey, refurbishment scope, buyer/admin fees, VAT position and local rental evidence have been reviewed.

Strategy Rating

Analysis Confidence

There is useful same-road sold evidence and clear information on tenure, vacancy and refurbishment need, but comparable specifications, rental evidence, refurbishment costs, lease details and transaction charges are incomplete.