18 Toronto Avenue, Manor Park, London, E12 5JF

Description

A Vacant Five Room Mid Terrace House. The property comprises a five room mid terrace house arranged over ground and first floors.

Accommodation

Ground Floor: Through Reception Room, Kitchen, Bathroom. First Floor: Four Rooms. Exterior: rear garden.

Location

The property is situated on a residential road close to local shops and amenities. The open spaces of Wanstead Heath are within easy reach. Transport links are provided by Manor Park underground station (Elizabeth line), Barking overground station and rail station.

Tenure / Property Information

Investment Analysis

The five supplied sold comparables on Toronto Avenue range from £350,500 to £494,000, but completed between 2015 and 2019. They do not establish a current market value, and no condition, inspection or current comparable evidence is supplied. A defensible current GDV estimate cannot therefore be calculated.

Investment Snapshot

Strategy Recommendation

Do not commit above the guide without inspection, a current valuation assessment, a full refurbishment survey and review of the legal pack, including possible disbursements. The property may warrant further investigation as a vacant residential purchase, but the supplied evidence does not support a reliable BTL, BRRR or flip bid.

Works Required

No specific works can be identified from the evidence. The property is vacant and includes a kitchen, bathroom, four first-floor rooms and a rear garden, but condition and services are not described. Inspection and legal-pack review are required before budgeting works.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

A BRRR assessment cannot be completed because current GDV, refurbishment cost, reliable rent and total acquisition costs are unsupported. The historical comparables suggest value evidence exists locally, but they are too dated to support a current refinance calculation without further valuation evidence.

Buy-to-Let Analysis

The only rental evidence is a £10,000 pcm advertised asking rent for four-bedroom houses in London. It is not property-specific and is not an achieved rent, so a reliable rent or BTL yield cannot be established. The £1,800 administration charge is known, while other possible disbursements are unspecified.

Flip Analysis

A flip surplus cannot be calculated. The available comparables are historical, no refurbishment allowance or selling allowance is supplied, and the legal pack may contain additional purchaser costs. Current valuation and condition evidence are required.

Investor Risks & Due Diligence

• Sold comparables are dated from 2015 to 2019 and may not reflect current value.

• The rental evidence is a generic advertised asking rent rather than an achieved rent for this property.

• Property condition and required refurbishment works are unknown.

• EPC, council tax, heating and parking information are not supplied.

• The £1,800 administration charge applies and additional legal-pack disbursements may be payable.

Recommendation

Do not commit above the guide without inspection, a current valuation assessment, a full refurbishment survey and review of the legal pack, including possible disbursements. The property may warrant further investigation as a vacant residential purchase, but the supplied evidence does not support a reliable BTL, BRRR or flip bid.

Strategy Rating

Analysis Confidence

Historical sold comparables and a generic advertised rental figure are available, but current valuation, condition, refurbishment costs, EPC, council tax, services, parking, legal-pack disbursements and achieved rent evidence are absent.