16 Lakeside Place, London Colney, St. Albans, Hertfordshire, AL2 1PZ

Description

A Vacant Ground Floor Two Bedroom Flat. The property comprises a ground floor two bedroom flat situated within a purpose built building arranged over ground and two upper floors.

Accommodation

Ground Floor: Reception Room, Kitchen, Two Bedrooms, Bathroom

Location

The property is situated on a residential road close to local shops and amenities. The open spaces of Broad Colney Lakes Nature Reserve are within easy reach. Transport links are provided by How Wood rail station and the M25.

Tenure / Property Information

Investment Analysis

Five same-road leasehold flat sales range from £156,000 to £212,000, with a median of £189,500. However, the comparables are not adjusted for lease length, condition, size or other differences. The subject has approximately 51 years remaining, so a defensible GDV cannot be established from the supplied evidence alone.

Investment Snapshot

Strategy Recommendation

Do not bid on current evidence. Proceed only after legal-pack review, lease-extension assessment, inspection and verified rental evidence.

Works Required

No specific works are evidenced. Inspect the flat and review the legal pack before budgeting; any refurbishment allowance is currently unsupported.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

BRRR analysis cannot be quantified. The short remaining lease, unavailable rent evidence, unknown works cost and unknown GDV prevent reliable refinance and equity calculations.

Buy-to-Let Analysis

BTL analysis cannot be established because no sufficiently specific rental evidence or auctioneer rent estimate is supplied. The £1,800 admin charge and other possible disbursements would also need inclusion in total costs.

Flip Analysis

The comparable sales provide market context, but no lease-adjusted GDV or refurbishment cost can be supported. A reliable flip surplus and maximum bid therefore cannot be calculated.

Investor Risks & Due Diligence

• Approximately 51 years remain on the lease.

• Lease-extension cost and lender acceptability are not supplied.

• Property condition and refurbishment requirements are unknown.

• No sufficiently specific rental evidence is available.

• Special Conditions may include search fees, seller costs, legal fees, transfer fees and other disbursements.

• The property is vacant, so no passing rent is evidenced.

Recommendation

Do not bid on current evidence. Proceed only after legal-pack review, lease-extension assessment, inspection and verified rental evidence.

Strategy Rating

Analysis Confidence

Same-road completed sales are available, but there is no lease-adjusted valuation, condition assessment, rental evidence, refurbishment budget or complete fee schedule.