20 Althea Street, Fulham, London

Description

Internally arranged to provide one bedroom accommodation. GIA (Source: EPC) approximately 53 sq m (570 sq ft). Shops and amenities are located along Fulham Road to the north west. Parsons Green Underground Station (District Line) is approximately 1 mile to the north west. By Order of a Housing Association.

Accommodation

One bedroom accommodation; GIA approximately 53 sq m (570 sq ft).

Location

The property is situated on the north east side of Althea Street, to the south east of its junction with Stephendale Road. Shops and amenities are located along Fulham Road to the north west. Parsons Green Underground Station (District Line) is approximately 1 mile to the north west. York Road (A3205) is to the south east. South Park is to the west.

Tenure / Property Information

Investment Analysis

The only recent completed sale supplied is 6A Althea Street at £440,000 on 23 October 2024. The evidence does not confirm its size, bedroom count, condition, floor, lease terms or similarity to this 53 sq m one-bedroom ground-floor flat. Older Althea Street sales are not sufficiently reliable without comparable property details. A supported GDV range cannot therefore be established.

Investment Snapshot

Strategy Recommendation

Do not bid on the supplied evidence alone. Obtain the guide price, legal pack, lease and financial information, inspect the flat, and verify both market value and achievable rent before considering owner-occupier or investment use.

Works Required

No specific works are evidenced by the supplied description. Review the legal pack and inspect the flat to establish condition, compliance requirements and any leasehold works obligations before budgeting.

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 there is no supported purchase price, refurbishment budget, rent, lease information or GDV. Refinance proceeds and cash left in are therefore unsupported.

Buy-to-Let Analysis

BTL analysis cannot be quantified because no sufficiently specific rental comparable or auctioneer rent estimate is supplied. The guide price, lease details, service charge, ground rent and purchase costs are also unavailable, so yield and affordability cannot be established.

Flip Analysis

A flip analysis cannot be quantified. Although £440,000 is a recent same-street completed sale, the evidence does not establish comparability or provide a supported resale GDV, works budget, acquisition costs or selling allowance.

Investor Risks & Due Diligence

• Lease terms and remaining lease length are unknown.

• No rent evidence is available, preventing reliable yield analysis.

• Condition and any required works are unknown.

• Buyer premium, administration charges and other transaction costs are unspecified.

• The supplied comparable lacks size, bedroom, condition and lease-detail information, limiting valuation confidence.

• Additional seller or third-party charges may apply.

Recommendation

Do not bid on the supplied evidence alone. Obtain the guide price, legal pack, lease and financial information, inspect the flat, and verify both market value and achievable rent before considering owner-occupier or investment use.

Strategy Rating

Analysis Confidence

The evidence confirms the property type, size, tenure and vacant possession, but omits the guide price, lease terms, rent, condition, costs and sufficiently detailed comparable information.