24 Macquarie Way, Isle of Dogs, London, E14 3AU

Description

A Vacant Three Bedroom Semi Detached House

Accommodation

Ground Floor: Reception Room; Kitchen/Diner. First Floor: Three Bedrooms; Bathroom.

Location

The property is situated on a residential road close to local shops and amenities. The open spaces of Millwall Park are within easy reach. Transport links are provided by Madchute rail station (DLR).

Tenure / Property Information

Investment Analysis

Three completed sales on the same road provide the strongest evidence: £775,000 in 2024, £812,000 in 2021 and £870,000 in 2025. The mean of these sales is £819,000, used as the base GDV. The low and high scenarios use the lower and higher recent comparables respectively. No floor area, detailed condition report or formal valuation is supplied, so the GDV remains indicative.

Investment Snapshot

Strategy Recommendation

Potential BTL or BRRR purchase subject to confirming the achievable rent, condition, legal-pack costs and final auction price. The limited evidence does not support committing to a flip or setting a firm maximum bid.

Works Required

No specific defects or refurbishment requirements are evidenced. Obtain a full inspection and legal-pack review; any works should be limited to verified maintenance, compliance or presentation items identified during due diligence.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

Using the £819,000 comparable-based base GDV, 75% refinancing would be approximately £614,250. Against the guide plus the known £1,800 administration charge, indicative cash left in is £87,550 before finance, tax, refurbishment, legal, disbursement and other auction costs. The result is highly dependent on achieved valuation, refinance terms and the property's unreported condition.

Buy-to-Let Analysis

The only rental evidence is a £4,000 pcm advertised asking rent for a three-bedroom house in E14; this is not an achieved rent. At the £700,000 guide, the gross yield is approximately 6.86%, falling to approximately 6.84% after the known £1,800 administration charge. Mortgage costs, management, maintenance, voids, insurance and tax are not provided, so net returns cannot be assessed.

Flip Analysis

The base GDV of £819,000 exceeds the £700,000 guide by £119,000 before the £1,800 administration charge and any refurbishment, selling, legal, finance, tax or other costs. No supported selling-cost allowance or refurbishment budget is available, so a reliable flip surplus cannot be calculated.

Investor Risks & Due Diligence

• The £4,000 pcm figure is an advertised asking rent rather than an achieved or passing rent.

• Final auction costs may include disbursements, search fees, seller-cost reimbursement, legal fees and transfer fees, which are not quantified.

• The property's detailed condition is not supplied, so refurbishment and compliance costs are unknown.

• The guide price may not represent the eventual auction purchase price.

• Refinance at 75% of GDV is an assumption for analysis and is not a guaranteed lender valuation or loan offer.

• Finance, tax, insurance, maintenance, voids and management costs are not provided.

Recommendation

Potential BTL or BRRR purchase subject to confirming the achievable rent, condition, legal-pack costs and final auction price. The limited evidence does not support committing to a flip or setting a firm maximum bid.

Strategy Rating

Analysis Confidence

There are three relevant completed same-road sales and one advertised rental listing, but no floor area, detailed condition evidence, achieved rent, buyer premium, refurbishment budget, selling costs or full disbursement schedule.