284 Wood Vale, Forest Hill, London, SE23 3DZ

Description

A First Floor One Bedroom Flat Subject to a Periodic Tenancy Producing £16,200 Per Annum. The property comprises a first floor one bedroom flat situated within a purpose built building arranged over ground and seven upper floors.

Accommodation

First Floor: Reception Room, Kitchen, Bedroom, Bathroom.

Location

The property is situated on a residential road close to local shops and amenities. The open spaces of One Tree Hill Park and Peckham Rye are within easy reach. Transport links are provided by Forest Hill rail station.

Tenure / Property Information

Investment Analysis

The supplied sold evidence shows Wood Vale flats selling between £300,000 and £420,000, but bedroom count, size, condition and exact comparability are not provided. A reliable property-specific GDV cannot therefore be established. The subject has approximately 173 years unexpired, which is a positive lease-length factor. Current stated rent is £16,200 per annum, equivalent to £1,350 pcm, while advertised one-bedroom rents range from £1,400 to £1,850 pcm; advertised rents are not achieved-rent evidence.

Investment Snapshot

Strategy Recommendation

Income-led BTL may be the most supportable strategy at or near the guide, subject to verifying the periodic tenancy, rent payment history, leasehold charges and legal pack. Do not bid on a GDV or flip assumption without better comparables and full costs.

Works Required

No refurbishment works are evidenced. Verify condition, tenancy documentation, statutory compliance, service charges, major works exposure and the legal pack before bidding.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

A BRRR strategy cannot be properly underwritten because GDV, refurbishment costs, finance costs and refinance terms are unsupported. The long stated lease is favourable, but the periodic tenancy, unknown leasehold costs and missing legal-pack information require investigation before relying on refinance assumptions.

Buy-to-Let Analysis

At the £165,000 guide, the stated passing rent of £16,200 per annum produces a gross yield of approximately 9.82%. Including the known £1,800 administration charge, the gross yield is approximately 9.71%. Advertised rents imply potential gross income of £16,800–£22,200 per annum, but these are asking rents and should not be treated as achieved. Net yield cannot be established because service charge, ground rent, management, maintenance, voids, insurance, finance and other costs are unavailable.

Flip Analysis

A flip cannot be reliably assessed. Although same-road completed sales range from £300,000 to £420,000, the evidence does not identify comparable bedroom count, floor area, condition or specification. Unknown works, selling costs, legal costs and purchaser costs also prevent a supported resale surplus calculation.

Investor Risks & Due Diligence

• Periodic tenancy terms, notice position and rent payment history are not supplied.

• Advertised rental listings are asking rents and may not be achievable.

• Service charge, ground rent, insurance and major works liabilities are unknown.

• Auction disbursements, seller costs, legal fees, transfer fees and other special-condition costs may apply.

• The sold comparables lack bedroom, size, condition and specification details, limiting GDV analysis.

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

• Leasehold title and management information should be verified in the legal pack despite the long stated lease.

Recommendation

Income-led BTL may be the most supportable strategy at or near the guide, subject to verifying the periodic tenancy, rent payment history, leasehold charges and legal pack. Do not bid on a GDV or flip assumption without better comparables and full costs.

Strategy Rating

Analysis Confidence

The guide, stated passing rent, lease term, tenancy status, known admin charge and several same-road completed sales are supplied. However, property-specific comparable details, condition, service charges, ground rent, EPC, legal-pack disbursements and sale/refinance costs are missing.