23 Denmark Road, Woodside, London, SE25 5QU

Description

A Vacant Three Bedroom Mid Terrace House. The property comprises a three bedroom mid terrace house arranged over ground and first floors. 6 Week Completion Available.

Accommodation

Ground Floor: Two Reception Rooms, Kitchen, Bathroom. First Floor: Three Bedrooms. Exterior: Rear garden.

Location

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

Tenure / Property Information

Investment Analysis

Five completed sales on Denmark Road range from £345,000 to £480,000, with the two latest sales at £365,000 and £450,000. The subject is also a three-bedroom freehold terrace on the same road, but no floor areas, condition evidence or comparable specification details are supplied. A cautious evidence-based scenario range is £365,000–£480,000, with £450,000 used as the base GDV based on the median of the supplied comparables and the latest £450,000 sale. This is an estimate, not a formal valuation.

Investment Snapshot

Strategy Recommendation

Investigate as a potential buy-refurbish-refinance or resale opportunity, but do not bid on comparable evidence alone. Confirm condition, legal-pack costs, achievable rent, resale specification and all purchaser charges before setting a maximum bid.

Works Required

No specific defects or required works are disclosed. Obtain a viewing and legal pack review before budgeting; only general preparation or improvement works can be assessed once condition is confirmed.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

Using the £450,000 base GDV, a 75% refinance is approximately £337,500. This indicates substantial apparent headroom over the £220,000 guide, but the cash requirement and refinance outcome cannot be reliably calculated because works, purchaser disbursements, finance costs and lender valuation assumptions are unavailable. Vacant possession may assist implementation, subject to inspection and legal review.

Buy-to-Let Analysis

At the £220,000 guide, the supplied £1,900 pcm advertised asking rent implies annual rent of £22,800 and a gross yield of approximately 10.36% before works, finance, management, maintenance, voids and other costs. This is an asking rent rather than achieved rent, and total-cost yield cannot be established because refurbishment and disbursement costs are unsupported.

Flip Analysis

The supplied comparables indicate potential resale value materially above the guide, with a base GDV estimate of £450,000. However, no condition-based works budget, selling costs or full acquisition costs are supplied, so a reliable flip surplus and maximum bid cannot be calculated.

Investor Risks & Due Diligence

• The property condition and required refurbishment scope are not disclosed.

• The £1,900 pcm figure is an advertised asking rent, not an achieved or passing rent.

• Buyer premium is unspecified and additional disbursements or seller-related costs may be payable.

• The GDV comparables range widely from £345,000 to £480,000 and their condition and specification are not provided.

• Six-week completion is stated, creating a compressed funding and legal timetable.

• Refinance proceeds depend on lender valuation, underwriting and the property's post-works condition.

Recommendation

Investigate as a potential buy-refurbish-refinance or resale opportunity, but do not bid on comparable evidence alone. Confirm condition, legal-pack costs, achievable rent, resale specification and all purchaser charges before setting a maximum bid.

Strategy Rating

Analysis Confidence

There are several same-road completed sales and one rental listing, but condition, floor area, achieved rent, refurbishment requirements, purchaser disbursements and selling costs are not supplied.