218 Brocket Way, Chigwell, Redbridge, IG7 4LS

Description

A Vacant Three Bedroom Semi Detached House

Accommodation

Ground Floor: Reception Room, Kitchen. First Floor: Three Bedrooms, Bathroom. Exterior: Front and rear gardens with outbuilding.

Location

Situated on a residential road close to local shops and amenities. Hainault Forest Lake and Woodland are within easy reach. Transport links are provided by Grange Hill underground station (Central line) and the M11.

Tenure / Property Information

Investment Analysis

Same-road HM Land Registry sales for semi-detached freehold properties range from £415,000 to £460,000, with the two latest supplied sales at £460,000. No floor areas, bedroom details or condition information are provided for the comparables or subject, so the GDV is indicative only. A base GDV of £450,000 is adopted, with a supported range of £430,000–£460,000 based on the supplied transactions.

Investment Snapshot

Strategy Recommendation

Potential value-led purchase for further investigation, subject to viewing, legal-pack review and confirmation of condition and costs. Do not bid on a calculated maximum without verified works, resale costs and auction disbursements.

Works Required

No specific defects or refurbishment requirements are evidenced. Allow for inspection, safety checks and any repairs or improvement works identified after viewing and review of the legal pack; no numeric works allowance is supportable from the evidence.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

Using the indicative £450,000 base GDV, a 75% refinance would be approximately £337,500. Total project cost cannot be calculated because refurbishment costs and any legal-pack disbursements are unknown. BRRR cash extraction and return therefore remain unquantified.

Buy-to-Let Analysis

BTL viability cannot be established because no sufficiently specific rental evidence or auctioneer rent estimate is supplied. Operating costs, finance costs and any refurbishment requirement are also unknown.

Flip Analysis

The supplied comparable evidence indicates a potential resale value around £430,000–£460,000, with a £450,000 base case. A flip surplus cannot be calculated because refurbishment, selling, legal and other project costs are not supplied. The apparent guide-to-GDV gap should not be treated as profit.

Investor Risks & Due Diligence

• Subject condition and required works are not evidenced.

• No sufficiently specific rental evidence is available, preventing yield analysis.

• Comparable sales lack supplied floor areas, bedroom details and condition information.

• The £250,000 guide is stated as £250,000+ and the eventual purchase price is uncertain.

• Legal-pack disbursements and other special-condition charges are unknown.

Recommendation

Potential value-led purchase for further investigation, subject to viewing, legal-pack review and confirmation of condition and costs. Do not bid on a calculated maximum without verified works, resale costs and auction disbursements.

Strategy Rating

Analysis Confidence

Same-road completed-sale evidence is available, but the subject's condition, floor area, comparable specifications, rent, refurbishment cost and legal-pack disbursements are not provided.