241 Queens Road, Peckham, London

Description

Investment opportunity comprising a freehold mid-terrace part Grade II Listed building arranged to provide five self-contained flats: one 2-bedroom flat and four 1-bedroom flats. Queen's Road Peckham station is approximately 0.2 miles to the west. Gross initial yield stated as 9.16%.

Accommodation

Five self-contained flats: one 2-bedroom flat and four 1-bedroom flats

Location

The property is situated on the north side of Queen's Road. Shops, restaurants and cafes are available in Peckham along Queen's Road and Peckham High Street. Queen's Road Peckham station, with Windrush and Southern Line services, is approximately 0.2 miles to the west. The A202 is easily accessible. Brimmington Park is within walking distance to the north and Peckham Rye Park is within easy reach to the south. Saint Christina's School, Kender Primary School and Deptford Green School are within walking distance. University of London, Goldsmiths is to the north east.

Tenure / Property Information

Investment Analysis

The £1.1m+ guide is the only available price evidence. No completed sales, GDV evidence, valuation or sufficiently specific rental comparables are supplied. The stated 9.16% gross initial yield cannot be independently recalculated because the underlying rent and price basis are not provided.

Investment Snapshot

Strategy Recommendation

Investigate as a long-term income investment only, subject to verifying all five tenancies, passing rents, arrears, compliance documentation, title and any listed-building constraints. Do not bid on the stated yield alone.

Works Required

No specific refurbishment works or defects are evidenced. The property should be assessed through legal, tenancy, condition and listed-building due diligence before any works allowance is set.

Rental & Market Context

Potential BRRR Position

A BRRR assessment cannot be completed because GDV, refurbishment costs, rent, finance assumptions and known purchase costs are not supplied. The five-flat freehold structure and part Grade II Listed status require detailed legal, valuation and building due diligence before considering refinance.

Buy-to-Let Analysis

This is presented as an income investment comprising five self-contained flats, with each flat subject to an Assured Periodic Tenancy. The auctioneer states a 9.16% gross initial yield, but no rent schedule, passing rents or external rental evidence is supplied, so income and independently verified yield cannot be established. The stated yield should not be relied upon without tenancy and rent verification.

Flip Analysis

A flip analysis cannot be supported. No comparable sales, GDV, condition assessment, refurbishment budget or selling-cost allowance is supplied. The property is described as an operating multi-flat investment rather than a vacant refurbishment opportunity.

Investor Risks & Due Diligence

• No rent schedule or passing-rent evidence is supplied, so the stated 9.16% yield cannot be independently verified.

• Each flat is subject to an Assured Periodic Tenancy; tenancy terms, arrears, compliance and possession position are not evidenced.

• The building is part Grade II Listed, and the effect on any future works or alterations is not evidenced.

• No condition, EPC, council tax, heating or parking information is supplied.

• Additional seller or third-party charges may apply, but no amounts are provided.

• The £1.1m+ guide is not a valuation and no completed-sale comparables are supplied.

Recommendation

Investigate as a long-term income investment only, subject to verifying all five tenancies, passing rents, arrears, compliance documentation, title and any listed-building constraints. Do not bid on the stated yield alone.

Strategy Rating

Analysis Confidence

Only the guide price, stated gross yield, freehold tenure, accommodation and tenancy structure are supplied. There are no rents, comparables, condition details, GDV evidence, buyer costs or refurbishment estimates.