241 Southcroft Road, Streatham, London

Description

Vacant freehold mid-terrace house with a rear garden and GIA approximately 134.4 sq m (1,447 sq ft). The vendor will not accept offers prior to auction.

Accommodation

Ground floor: through reception room/kitchen, utility, WC. First floor: three bedrooms, bathroom. Second floor: two bedrooms. Rear garden. GIA approximately 134.4 sq m (1,447 sq ft).

Location

Located on the north side of Southcroft Road. The shops, restaurants and bars of Tooting are to the north west. Tooting rail station (Thameslink) is approximately 0.7 miles to the west. The A23 is to the east. Tooting Commons is to the north.

Tenure / Property Information

Investment Analysis

Indicative GDV is based only on five same-road freehold terraced sold comparables ranging from £570,000 to £731,000. The two most recent sales were £625,000 and £680,000. A base scenario of £680,000 is used, with a low scenario of £625,000 and high scenario of £703,000. The comparables do not provide bedroom count, floor area, condition or refurbishment details, so this is not a formal valuation.

Investment Snapshot

Strategy Recommendation

Proceed only subject to inspection, legal review and a verified rental or resale appraisal. The guide is below several same-road sales, but the absence of condition, size-comparison and cost evidence prevents a reliable maximum bid or strategy recommendation.

Works Required

No specific defects or refurbishment requirements are evidenced. Arrange a full inspection and assess the kitchen, bathrooms, utilities, heating, windows, roof, external fabric and garden before budgeting works.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

A BRRR assessment cannot be completed reliably without a supported rent, refurbishment budget, purchase costs and finance assumptions. At the base GDV, 75% refinance is £510,000, but total project cost and cash left in cannot be calculated.

Buy-to-Let Analysis

BTL analysis cannot be completed because no sufficiently specific rental evidence or auctioneer rent estimate is supplied. Property size and five-bedroom accommodation may support rental demand, but achievable rent, operating costs, finance costs and licensing requirements are unverified.

Flip Analysis

The comparable evidence indicates an indicative resale range of £625,000 to £703,000, with a £680,000 base GDV. Flip surplus cannot be calculated because refurbishment costs, buyer costs, selling costs and other charges are not supplied.

Investor Risks & Due Diligence

• Condition and refurbishment requirements are not evidenced.

• Comparable sales do not state bedroom count, floor area or condition, limiting GDV reliability.

• No sufficiently specific rental evidence is available.

• Buyer premium, admin charge and other potential fees are unknown.

• Vacant possession is stated, but legal, structural, planning and licensing matters remain unverified.

Recommendation

Proceed only subject to inspection, legal review and a verified rental or resale appraisal. The guide is below several same-road sales, but the absence of condition, size-comparison and cost evidence prevents a reliable maximum bid or strategy recommendation.

Strategy Rating

Analysis Confidence

There are five same-road completed sales and clear tenure, size and occupancy information, but no condition assessment, rental evidence, buyer/admin fees, EPC, council tax or detailed comparable characteristics.