21 Cowleaze Road, Kingston-upon-Thames, Surrey, KT2 6DZ

Description

A five room, two-storey detached house with off-street parking and a rear garden. Subject to a regulated tenancy and currently producing £14,502.00 per annum. Conveniently located for the amenities of Kingston-upon-Thames.

Accommodation

Ground Floor: Two Rooms, Kitchen. First Floor: Three Rooms, Bathroom/WC.

Location

Located near to the junction of Cowleaze Road and Elm Crescent. An extensive range of shopping facilities can be found nearby in the centre of Kingston-upon-Thames. Recreational amenities of Richmond Park and Hampton Court Park are both easily accessible. Transport: National Rail - Kingston.

Tenure / Property Information

Investment Analysis

The £290,000 guide is not a formal valuation. The only supplied comparable is the same-numbered neighbouring property, sold for £350,000 in 2008 and £124,000 in 1998; these historic transactions are insufficient to establish a current GDV. The property is subject to a regulated tenancy, which may affect marketability, vacant possession and achievable rent.

Investment Snapshot

Strategy Recommendation

Consider only as a cautious income-led hold after verifying the regulated tenancy, legal position, property condition and all auction costs. Do not underwrite a flip or BRRR strategy from the supplied evidence.

Works Required

No condition defects or refurbishment requirements are evidenced. Obtain a survey and verify the kitchen, bathroom, services, external areas and statutory compliance before budgeting works.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

BRRR cannot be reliably underwritten. Current GDV, refurbishment costs, buyer fees and refinance value are unsupported. The regulated tenancy may also limit immediate repositioning or vacant-possession refinancing.

Buy-to-Let Analysis

The stated regulated-tenancy rent is £1,208.50 pcm, or £14,502 per annum. Against the £290,000 guide this produces a 5.00% gross yield before finance, management, maintenance, insurance, tax and auction costs. No net yield can be established because relevant costs are not supplied. The rental listings are advertised asking rents for different property descriptions and do not establish an alternative achievable rent.

Flip Analysis

A flip surplus cannot be calculated because there is no current supported GDV, refurbishment allowance, selling-cost allowance or buyer-cost information. The supplied comparable sales are historic and insufficient for a resale valuation.

Investor Risks & Due Diligence

• The property is let on a regulated tenancy, which may constrain rent growth, possession and resale liquidity.

• Buyer fees and any applicable VAT are not supplied and are excluded from the guide price.

• No current comparable sales support the guide price or GDV.

• Property condition and refurbishment requirements are not evidenced.

• No EPC, council tax, heating or operating-cost information is supplied.

Recommendation

Consider only as a cautious income-led hold after verifying the regulated tenancy, legal position, property condition and all auction costs. Do not underwrite a flip or BRRR strategy from the supplied evidence.

Strategy Rating

Analysis Confidence

The passing rent, guide price, tenure, occupancy and historic comparable sales are supplied, but current market evidence, condition, refurbishment costs, buyer fees, EPC and operating costs are unavailable.