19 The Crescent, Sutton, Surrey, SM1 4HU

Description

A Vacant Three Bedroom End of Terrace House in Need of Modernisation. Potential To Extend into The Loft (Subject to Obtaining all Relevant Consents)

Accommodation

Ground Floor: Two Reception Rooms, Kitchen. First Floor: Three Bedrooms, Bathroom. Exterior: rear garden.

Location

The property is situated on a residential road close to local shops and amenities. The open spaces of Benhill Recreation Ground are within easy reach. Transport links are provided by Sutton rail station.

Tenure / Property Information

Investment Analysis

The strongest evidence is 27 The Crescent, a freehold terraced property sold for £635,000 on 30 July 2024. However, its bedroom count, size, condition, extensions and specification are not supplied, so it cannot support a reliable adjusted GDV for this vacant three-bedroom end-terrace house. Earlier same-road sales are materially older and provide limited current evidence. The £300,000+ guide is not a market valuation or guaranteed purchase price.

Investment Snapshot

Strategy Recommendation

Do not commit to a bid based on the supplied evidence alone. Obtain the legal pack, survey, refurbishment quotations, planning and building-control advice for the loft potential, and rental evidence before considering a purchase.

Works Required

Modernisation is required, but the evidence does not quantify or specify the works. A condition survey and contractor quotations are required. Loft conversion potential is stated, subject to obtaining all relevant consents; no allowance can be reliably made for it.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

BRRR cannot be underwritten reliably. The property is vacant and requires modernisation, but refurbishment cost, supported rent and a defensible post-works GDV are unavailable. Refinance proceeds therefore cannot be calculated.

Buy-to-Let Analysis

BTL analysis cannot be established because no sufficiently specific rental comparable or auctioneer rent estimate is provided. Modernisation costs, finance costs and any applicable operating costs are also unknown.

Flip Analysis

A flip may have potential given the £635,000 2024 same-road sale, but the comparable lacks sufficient detail for adjustment and the subject's works cost is unquantified. A reliable resale surplus cannot be calculated. Any loft value is subject to consents.

Investor Risks & Due Diligence

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

• Loft extension potential is subject to obtaining all relevant consents and cannot be assumed.

• Rental evidence is insufficient to assess income or yield.

• The guide price is £300,000+ and is not the final purchase price.

• The £1,800 administration charge is stated, while further disbursements and other charges may be payable under the legal pack and Special Conditions of Sale.

• The principal recent comparable is a different property whose size, accommodation, condition and specification are not supplied.

Recommendation

Do not commit to a bid based on the supplied evidence alone. Obtain the legal pack, survey, refurbishment quotations, planning and building-control advice for the loft potential, and rental evidence before considering a purchase.

Strategy Rating

Analysis Confidence

The property description, tenure, vacancy, guide price, one recent same-road sale, older sales and the £1,800 administration charge are supplied, but there is no quantified condition schedule, property size, rent evidence, GDV adjustment evidence or refurbishment budget.