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24 Timsbury Walk, Wandsworth, London, SW15 4LN
Marketed by:
Auction House London
1a, 5 Hampstead Gate, London NW3 6AL, UK
020 7625 9007
Three-Bedroom Split-Level Leasehold Flat, Wandsworth
24 Timsbury Walk, Wandsworth, London, SW15 4LN
For Sale
£290,000+
• 3 Bedrooms
• Flat
• Leasehold
• Subject to a Periodic Tenancy
• Current Rating C
Description
A First and Second Floor Three Bedroom Split Level Flat Subject to a Periodic Tenancy Producing £28,800 (Reflecting a Gross Initial Yield of 9.9%). The property is situated in a purpose built block arranged over ground and three upper floors.
Accommodation
First Floor: Reception Rooms with Open-Plan Kitchen; Bedroom. Second Floor: Two Bedrooms; Bathroom; Separate WC.
Location
Situated on a residential road close to local shops and amenities. The open spaces of Richmond Park are within easy reach. Transport links are provided by East Putney underground station (District line) and Putney Station.
Tenure / Property Information
Tenure |
Leasehold |
Lease |
Held on a 125 year lease from 12th August 2002 (approximately 100 years unexpired). |
Occupancy |
Subject to a Periodic Tenancy |
EPC |
Current Rating C |
Services |
Interested parties are requested to make their own enquiries to the relevant authorities as to the availability of services. |
Investment Analysis
The evidence indicates a broad value range of £275,000–£350,000 from nearby sold comparables, including £350,000 at 46 Timsbury Walk in December 2024 and £275,000 at 10 Timsbury Walk in January 2024. A base GDV of £325,000 is a market-based estimate, but the comparables do not confirm identical size, condition, floor position or lease terms. The £290,000+ guide is below the base GDV estimate, before the £1,800 administration charge and any disbursements.
Investment Snapshot
Guide Price |
£290,000+ (plus fees) |
HB Estimated GDV |
£325,000 |
Estimated Monthly Rent |
£2,400 – £2,700 pcm |
Estimated Annual Rent |
£28,800 pa |
Gross Yield on Guide |
9.9% |
Strategy Recommendation
Consider as a BTL acquisition only if the periodic tenancy, rent, lease, service charges and legal-pack liabilities are verified. Do not bid on a flip or BRRR basis without confirmed costs and valuation evidence.
Works Required
No refurbishment works are evidenced. The property should be inspected and the legal pack reviewed for condition, lease obligations, service charges, major works exposure and tenancy documentation before bidding.
Rental & Market Context
HB Estimated Market Rent |
£2,400 – £2,700 pcm |
|
Property to rent in SW15 - Zoopla — 3 bed — — Advertised asking rent |
£2,700 pcm |
|
Studios to rent in Battersea, Wandsworth — — Advertised asking rent |
£650 pcm |
Sold Comparables
The following completed sales were identified within approximately 5 miles:
|
46, Timsbury Walk, London, Wandsworth, Sw15 4ln |
£350,000 |
|
10, Timsbury Walk, London, Wandsworth, Sw15 4ln |
£275,000 |
|
9, Timsbury Walk, London, Wandsworth, Sw15 4ln |
£350,000 |
|
36, Timsbury Walk, London, London, Wandsworth, Sw15 4ln |
£271,000 |
|
24, Timsbury Walk, London, London, Wandsworth, Sw15 4ln |
£215,000 |
Potential BRRR Position
Base GDV |
£325,000 |
75% Refinance |
£243,750 |
At the £290,000 guide, the estimated 75% refinance value based on a £325,000 GDV is £243,750. However, total project cost cannot be calculated because refurbishment costs, disbursements and other acquisition costs are not supplied. The refinance therefore would not recover the guide price and administration charge alone, before finance and other costs.
Buy-to-Let Analysis
The stated rent is £28,800 per annum, equivalent to £2,400 pcm, producing a 9.93% gross yield against the £290,000 guide. The advertised £2,700 pcm rental listing implies an 11.17% gross yield, but it is only an asking rent and may not be achievable for this property. Net yield cannot be calculated because service charges, ground rent, management, maintenance, voids, finance and disbursements are not supplied. The periodic tenancy and passing rent must be verified.
Flip Analysis
A base GDV of £325,000 is estimated from the supplied comparables, with a low scenario of £300,000 and high scenario of £350,000. A reliable flip surplus cannot be calculated because refurbishment costs, selling costs, finance costs and disbursements are unknown. The investment is subject to a periodic tenancy, which may also affect vacant-possession resale timing.
Investor Risks & Due Diligence
• The property is subject to a periodic tenancy and the stated rent and tenancy terms require verification.
• The £2,700 pcm figure is an advertised asking rent rather than achieved rent; the supported passing rent is £2,400 pcm.
• Service charge, ground rent, reserve-fund and major-works liabilities are not supplied.
• Auction disbursements may be payable in addition to the £1,800 administration charge.
• Refinance proceeds at 75% of the estimated base GDV would be below the guide price before costs.
• Comparable sales vary materially from £275,000 to £350,000 and may not be directly comparable.
• The lease has approximately 100 years unexpired, but the full lease terms and restrictions have not been provided.
Recommendation
Consider as a BTL acquisition only if the periodic tenancy, rent, lease, service charges and legal-pack liabilities are verified. Do not bid on a flip or BRRR basis without confirmed costs and valuation evidence.
Strategy Rating
HB Rating |
★★★☆☆ |
Analysis Confidence
Confidence |
Medium |
There is useful rent, tenancy, lease, guide-price and comparable-sale evidence, but no service-charge, ground-rent, condition, refurbishment, disbursement, property-size or full legal-pack information.
Auction Details :
Auction House London
Auction Date :
07/10/26
Lot Number :
091
Property Location:
24 Timsbury Walk, Wandsworth, London, SW15 4LN
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