22 and 22a Tindal Street, Oval, London, SW9 6UP

Description

A freehold dwelling currently arranged as a 1 x four bed and 1 x three bed house in a highly sought after residential location. The property has development / asset management potential (subject to requisite consents) and is presented in reasonable decorative order. Externally it benefits from a rear yard and is well located for the local and recreational amenities of Oval. To be sold with vacant possession.

Accommodation

Ground Floor - Two Lounges, Two Kitchens / Diners, Two W.Cs, Shower Room. First Floor - Five Bedrooms, Two Bathrooms. Second Floor - Two Bedrooms, Two En-Suites.

Location

The property is located on Tindal Street and is situated between Langton Road and Patmos Road. Local amenities can be found on Camberwell New Road, Brixton Road and Kennington Park Road. Recreational amenities of Kennington Park, Myatt's Field and The Oval are all easily accessible. Transport Oval - Northern Line - London Underground.

Tenure / Property Information

Investment Analysis

The guide is £825,000. The supplied evidence includes one 2025 sale on the same street at £415,000 and older sales at £600,000 in 2018 and £500,000 in 2014, but these properties are not described sufficiently to adjust for this seven-bedroom dwelling arranged as two houses. There is insufficient evidence to support a GDV or maximum bid. No specific rental evidence is available.

Investment Snapshot

Strategy Recommendation

Do not proceed on the supplied evidence alone. Obtain a full survey, planning and legal review of the two-house arrangement, plus specific valuation and rental evidence, before bidding.

Works Required

The property is stated to be in reasonable decorative order. Allow for inspection, routine maintenance and any required updating only after survey. Investigate the potential to retain or alter the two-house arrangement, subject to requisite consents; no specific defects or quantified works are evidenced.

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 GDV, rental income, refurbishment cost and finance-related purchase costs are unsupported. Any future refinancing would also depend on the legal and planning status of the two-house arrangement.

Buy-to-Let Analysis

The property is vacant and arranged as one four-bedroom and one three-bedroom house, but no sufficiently specific rental comparables or auctioneer rent estimate are supplied. Rental income and yield cannot therefore be established.

Flip Analysis

A flip appraisal cannot be supported. The available same-street sales lack sufficient property detail and are not adequate to establish a resale value for this seven-bedroom, dual-house arrangement. No works allowance or selling costs are supplied.

Investor Risks & Due Diligence

• No sufficiently specific rental evidence or auctioneer rent estimate is available.

• The development or asset-management potential is expressly subject to requisite consents.

• The two-house arrangement may require legal, planning or other verification.

• No refurbishment budget can be supported because no specific defects are evidenced.

• Buyer premiums, administration charges and other acquisition costs are not supplied.

• The comparable sales have limited descriptive information and materially different dates.

Recommendation

Do not proceed on the supplied evidence alone. Obtain a full survey, planning and legal review of the two-house arrangement, plus specific valuation and rental evidence, before bidding.

Strategy Rating

Analysis Confidence

The evidence confirms tenure, vacancy, accommodation and guide price, but lacks usable rental evidence, quantified works, EPC, council tax, buyer costs, planning information and sufficiently comparable sales detail.