25 Altura Tower, Bridges Court Road, Battersea, London

Description

Self-contained eighth floor flat with a reception room/kitchen, two bedrooms, one with en-suite shower room, bathroom, balcony access and two designated parking spaces. GIA approximately 66.52 sq m (716 sq ft).

Accommodation

Reception room/kitchen, two bedrooms, one with en-suite shower room, bathroom and balcony access.

Location

Situated on the west side of Bridges Court Road. Local shops and amenities are available nearby and within Battersea Power Station. Clapham Junction station is approximately 0.6 miles away. The A23 is easily accessible and provides a connection to the M25 motorway. Battersea Park and Clapham Common are within close proximity.

Tenure / Property Information

Investment Analysis

The supplied Land Registry evidence confirms five completed sales in Altura Tower ranging from £565,000 to £1,675,000 between May 2022 and November 2023. However, no comparable floor areas, bedroom counts, views, condition, parking details or sale-specific attributes are provided, so a reliable value range or GDV cannot be established. The £375,000+ guide appears materially below the reported building sale prices, but the evidence is insufficient to quantify the discount or determine whether the sales are comparable.

Investment Snapshot

Strategy Recommendation

Do not bid on the current evidence alone. Proceed only after confirming comparable sale details, inspection condition, service charge and major-works position, lease terms, all auction costs and achievable rent. Any bid should be based on verified evidence rather than the apparent discount to the reported building sales.

Works Required

No condition or defect information is supplied. Allow for inspection-led works only; the evidence does not support a refurbishment specification or cost allowance. Confirm the condition of the flat, balcony, parking spaces, services and communal areas before bidding.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

BRRR analysis cannot be underwritten because GDV, rent, refurbishment cost, service charges and refinance assumptions are unsupported. At the £375,000 guide, a buyer fee of 1% plus VAT is payable on exchange, with additional possible seller or third-party charges; these costs require confirmation before assessing refinance equity.

Buy-to-Let Analysis

BTL analysis cannot be established because no sufficiently specific rental comparable or auctioneer rent estimate is supplied. Gross yield, operating costs and service-charge impact are therefore unavailable. The property is vacant and has a long stated lease of approximately 130 years, but ground rent is £300 per annum and other leasehold costs are not provided.

Flip Analysis

A flip appraisal cannot be reliably calculated. Although the reported Altura Tower sales are substantially above the guide, the supplied comparables lack size, specification, condition and parking information. Refurbishment costs, selling costs and a defensible resale GDV are not available.

Investor Risks & Due Diligence

• The five supplied sales have a wide range of £565,000 to £1,675,000 and lack floor-area, bedroom, condition, view and parking details.

• No sufficiently specific rental evidence or auctioneer rent estimate is available, preventing yield analysis.

• No condition or refurbishment information is supplied.

• Service charge, reserve-fund or major-works information is not supplied for the leasehold flat.

• The buyer fee is 1% plus VAT, and additional seller or third-party charges may apply.

• EPC, council tax and heating details are not supplied.

• The property is offered with vacant possession, so there is no evidenced passing rental income.

Recommendation

Do not bid on the current evidence alone. Proceed only after confirming comparable sale details, inspection condition, service charge and major-works position, lease terms, all auction costs and achievable rent. Any bid should be based on verified evidence rather than the apparent discount to the reported building sales.

Strategy Rating

Analysis Confidence

The address, accommodation, tenure, lease length, guide, buyer-fee basis and several same-building completed sales are supplied, but the comparables are not sufficiently detailed and there is no rental, condition, service-charge, EPC or full-cost evidence.