19 Park Road, Caterham

Description

An End of Terrace House requiring modernisation.

Accommodation

Two floors. First Floor: Bedroom (One), Bedroom (Two), Bedroom (Three). Ground Floor: Entrance Hall, Living Room, Dining Room, Kitchen, Bathroom/WC, Lean-to. Garden at Rear.

Location

Situated off High Street, close to the amenities available in Caterham Town Centre and travelling facilities including Caterham Train Station. Coulsdon Common is also nearby.

Tenure / Property Information

Investment Analysis

The five same-road completed sales range from £357,000 to £475,000, with a median of £387,500 and an arithmetic average of £400,500. They are all recorded as terraced freehold sales, but bedroom count, size and condition are not supplied, so the comparison is indicative only. A base GDV of £387,500 is used, with the observed sales range as the low/high scenario.

Investment Snapshot

Strategy Recommendation

Potential refurbishment-led resale opportunity subject to a full inspection, verified works budget and confirmation of any seller fees. Do not rely on the apparent GDV spread until condition and comparable-property differences are resolved.

Works Required

Modernisation of the existing two-storey accommodation, with the precise scope and cost to be confirmed by inspection and survey. The evidence does not identify specific defects or justify a detailed works schedule.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

Using the indicative base GDV, a 75% refinance would be approximately £290,625. However, refurbishment cost, total acquisition cost, finance costs and achievable rent are unsupported, so cash-left-in and BRRR returns cannot be calculated reliably.

Buy-to-Let Analysis

BTL analysis cannot be established because no sufficiently specific rental evidence or auctioneer rent estimate is supplied. The property is vacant, but achievable rent, operating costs and refurbishment costs remain unknown.

Flip Analysis

At the £240,000 guide, the indicative pre-cost spread to the base GDV is £147,500, before the £1,500 buyer premium, refurbishment, finance, selling costs and any seller-charged completion fees. The actual flip surplus cannot be established because refurbishment and selling allowances are not supplied.

Investor Risks & Due Diligence

• The property is described as requiring modernisation, but no condition report or quantified works budget is supplied.

• The comparable sales range materially from £357,000 to £475,000 and lacks bedroom, size and condition details.

• No sufficiently specific rental evidence or auctioneer rent estimate is available.

• The seller may charge additional completion fees, but the amount is not supplied.

• Actual purchase price may exceed the £240,000 guide.

Recommendation

Potential refurbishment-led resale opportunity subject to a full inspection, verified works budget and confirmation of any seller fees. Do not rely on the apparent GDV spread until condition and comparable-property differences are resolved.

Strategy Rating

Analysis Confidence

Completed same-road sales and the guide price are supplied, but comparable property details, refurbishment costs, rental evidence, selling costs and possible additional seller fees are incomplete.