19D East Dulwich Grove, Southwark, London, SE22 8PW

Description

A Basement Unit Offered With Planning Permission to Extend and Convert into a Lower Ground Floor Two Bedroom Flat. The property comprises a basement unit situated within a mid terrace building arranged over lower ground, ground, and first floors.

Accommodation

Existing accommodation: Lower Ground Floor - Basement. Proposed accommodation: Lower Ground Floor - Open Plan Reception Room/Kitchen, Two Bedrooms (One with En-suite and Walk in Wardrobe), Bathroom, Utility Storage Area.

Location

The property is situated on a residential road close to local shops and amenities. The open spaces of Green Dale Fields are within easy reach. Transport links are provided by Denmark Hill overground station and rail station.

Tenure / Property Information

Investment Analysis

No completed-sale comparables, guide price or formal valuation evidence was supplied, so GDV and maximum bid cannot be estimated reliably. The supplied evidence describes a basement unit with planning permission for conversion into a two-bedroom lower-ground flat. Rental evidence comprises advertised asking rents of £2,100–£2,250 pcm for two-bedroom properties in SE22; these are not achieved rents.

Investment Snapshot

Strategy Recommendation

Do not set a bid or proceed on the supplied evidence alone. First verify the planning permission, legal pack, title, any disbursements and obtain priced conversion works plus independent GDV evidence.

Works Required

Implement the permitted extension/conversion to create the proposed open-plan reception room/kitchen, two bedrooms including en-suite and walk-in wardrobe, bathroom, and utility storage area. Construction scope, condition, specification and costs are not supplied.

Rental & Market Context

Potential BRRR Position

A BRRR assessment cannot be completed because there is no guide price, GDV, refurbishment budget, finance cost or evidence of refinance valuation. The planning permission and conversion scope should be verified in the legal pack before bidding.

Buy-to-Let Analysis

Indicative advertised asking rents are £2,100–£2,250 pcm, equivalent to £25,200–£27,000 annually, but no purchase price or total project cost is available. Gross yield therefore cannot be calculated. Asking rents are not evidence of achieved rent.

Flip Analysis

A flip appraisal cannot be completed because no completed-sale comparables, GDV, acquisition price, works budget or selling allowance were supplied. The proposed conversion may create a two-bedroom flat, but its resale value is unsupported by the evidence provided.

Investor Risks & Due Diligence

• No guide price or completed-sale comparables are supplied, preventing reliable valuation and bid analysis.

• Conversion and extension costs are unknown.

• Planning permission details and conditions require verification in the legal pack.

• Advertised asking rents may not be achieved.

• A £1,800 inc VAT admin charge applies, with possible additional legal-pack disbursements.

• Title, lease and occupancy information is incomplete in the supplied evidence.

Recommendation

Do not set a bid or proceed on the supplied evidence alone. First verify the planning permission, legal pack, title, any disbursements and obtain priced conversion works plus independent GDV evidence.

Strategy Rating

Analysis Confidence

Rental asking evidence and a high-level proposed layout are available, but there is no guide price, sales evidence, condition detail, works cost, GDV, lease/legal information or planning documentation.