201 North Street, Romford, Havering, RM1 1DT

Description

A Vacant Semi Detached Building Arranged to Provide Three Flats (2 x One Bedroom, 1 x Two Bedrooms)

Accommodation

Ground and First Floor: 2 x One Bedroom Flats; 1 x Two Bedroom Flat (Not inspected)

Location

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

Tenure / Property Information

Investment Analysis

No guide price, sold comparables, GDV evidence or condition information has been supplied. The building is described as three flats but was not inspected, so market value cannot be estimated reliably. The £2,700 pcm four-bedroom Romford listing is only an advertised asking rent and is not sufficient to value the three-flat configuration.

Strategy Recommendation

Do not bid on the current evidence. Obtain the legal pack, confirm the authorised status and tenure of all three flats, inspect the property, and establish flat-specific rental and sales evidence before considering BTL, BRRR or resale.

Works Required

No specific works can be supported because the property was not inspected and no condition report was provided. Inspection, verification of the three-flat layout and review of the legal pack are required before establishing any works allowance.

Rental & Market Context

Potential BRRR Position

BRRR cannot be assessed because the guide price, condition, refurbishment cost, GDV, finance assumptions and flat-specific rental evidence are unavailable. The stated £1,800 inc VAT administration fee would be payable, but total acquisition costs cannot be calculated without a purchase price and any other applicable disbursements.

Buy-to-Let Analysis

A BTL appraisal cannot be established. The only rental evidence is an advertised £2,700 pcm asking rent for a four-bedroom property in Romford, which is not confirmed as achieved rent and does not directly evidence rents for two one-bedroom and one two-bedroom flats. Purchase price, operating costs and flat-specific rents are also unavailable.

Flip Analysis

A flip appraisal cannot be established because there are no sold comparables, GDV evidence, guide price, inspection findings, refurbishment allowance or supported selling-cost allowance. The three-flat arrangement and legal status should be verified before considering resale potential.

Investor Risks & Due Diligence

• The property was not inspected, so condition and any required works are unknown.

• The legal and authorised status of the three-flat arrangement is not evidenced in the supplied information.

• No guide price or sold comparables are available, preventing a market value or maximum-bid calculation.

• The £2,700 pcm figure is an advertised asking rent for a four-bedroom property, not an achieved rent or direct evidence for the stated flat mix.

• The £1,800 administration fee is known, but other legal-pack disbursements may also become payable and are unspecified.

Recommendation

Do not bid on the current evidence. Obtain the legal pack, confirm the authorised status and tenure of all three flats, inspect the property, and establish flat-specific rental and sales evidence before considering BTL, BRRR or resale.

Strategy Rating

Analysis Confidence

The property description and tenure/occupancy are supplied, but guide price, sold comparables, inspection, condition, EPC, rents for the individual flats, GDV and several cost inputs are missing.