203B Uxbridge Road, London

Description

One bedroom flat. First floor. In need of modernisation. Share of garden. New 125 year lease. Peppercorn ground rent. Vacant possession.

Accommodation

First Floor - One Bedroom, Reception Room, Kitchen, Bathroom / WC

Location

Situated close to the junction of Becklow Road. Shopping facilities are available locally on Askew Road and Uxbridge Road along with an excellent selection of cafes, bars and restaurants. Recreational facilities can be found at Wormholt Park and Shepherds Bush Park, which are close by. Nearby road communications are via the A40. Transport: Underground Goldhawk Road, Shepherds Bush. National Rail: Shepherds Bush.

Tenure / Property Information

Investment Analysis

Indicative GDV is based only on the supplied Uxbridge Road leasehold flat sales. The evidence ranges from £422,000 to £570,000, with a median of £485,000. These sales lack size, bedroom and condition details, so the range is only a broad proxy. The subject requires modernisation, but no quantified condition or works evidence is supplied.

Investment Snapshot

Strategy Recommendation

Proceed only subject to inspection, legal review of the new lease and confirmation of all auction and seller charges. The strongest initial case is a cautious BTL or value-add hold at guide, rather than committing to a flip without a priced works schedule.

Works Required

Modernisation of the one-bedroom flat, subject to survey and specification. The supplied evidence does not identify particular defective elements or support a refurbishment cost allowance.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

Using the indicative £485,000 base GDV, 75% refinance equates to £363,750. Cash left in cannot be calculated because refurbishment costs, buyer costs and other charges are not supplied. The strategy is potentially supported by the apparent guide-to-GDV margin, but remains dependent on actual condition, achievable value, valuation acceptance and finance terms.

Buy-to-Let Analysis

At the £260,000 guide, the supplied one-bedroom asking rents of £1,425–£1,550 pcm imply an indicative gross yield of 6.58%–7.15%, using asking rather than achieved rents. A midpoint asking rent of £1,487.50 pcm gives £17,850 annual rent and a 6.87% gross yield before refurbishment, finance, management, maintenance, voids, tax and acquisition costs. The BTL case cannot be fully underwritten without works, fees and operating-cost evidence.

Flip Analysis

A resale surplus cannot be calculated reliably because no refurbishment budget, auction charges, seller charges, VAT position or selling-cost allowance is supplied. The supplied comparable range indicates potential resale value above the guide, but the comparables are not sufficiently detailed to establish a dependable flip margin.

Investor Risks & Due Diligence

• The flat is stated to need modernisation, but the scope and cost of works are unknown.

• Comparable sale prices vary materially from £422,000 to £570,000 and lack size, bedroom and condition details.

• Rental evidence consists of advertised asking rents, not achieved or passing rents.

• Buyer fees, VAT and possible seller charges are not quantified in the supplied auction information.

• Total project cost, net yield and flip surplus cannot be established without works and transaction-cost evidence.

• Council tax, parking and heating information is not supplied.

Recommendation

Proceed only subject to inspection, legal review of the new lease and confirmation of all auction and seller charges. The strongest initial case is a cautious BTL or value-add hold at guide, rather than committing to a flip without a priced works schedule.

Strategy Rating

Analysis Confidence

Sales and rental evidence are available, but comparable size, bedroom, condition and specification details are absent. Refurbishment costs, buyer charges, seller charges, VAT position, lease particulars and operating costs are also unavailable.