29 Avenue Road, Chadwell Heath, Romford, Essex, RM6 4JF

Description

A Vacant First Floor Two Bedroom Flat. The property comprises a first floor two bedroom flat situated within a purpose built block arranged over ground and two upper floors.

Accommodation

First Floor: Reception Room, Kitchen, Two Bedrooms, Bathroom

Location

The property is situated on a residential road close to local shops and amenities. The open spaces of Seven Kings Park are within easy reach. Transport links are provided by Goodmayes underground station (Elizabeth line) and Seven Kings rail station.

Tenure / Property Information

Investment Analysis

Completed sales on Avenue Road range from £155,000 to £265,000, including £167,500 on 21 March 2025. However, bedroom count, size, condition and specification are not supplied for the comparables, so a reliable GDV or maximum bid cannot be established. The £185,000+ guide is also subject to the £1,800 admin charge and further possible legal, search and transfer costs.

Investment Snapshot

Strategy Recommendation

Proceed only after reviewing the legal pack, leasehold costs and property condition, with independent valuation and rental evidence. Do not rely on the guide as market value.

Works Required

No specific defects or refurbishment requirements are evidenced. Allow for inspection and any works identified in the legal pack or survey, but no works budget can be supported from the supplied information.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

A BRRR assessment cannot be completed because supported rent, GDV, refurbishment cost and total project cost are unavailable. The 116-year approximate unexpired lease term is a positive noted feature, but leasehold costs and terms are not supplied.

Buy-to-Let Analysis

The flat is vacant, but no sufficiently specific rental evidence or auctioneer rent estimate is provided. Rental income and yield therefore cannot be established.

Flip Analysis

A flip appraisal cannot be completed reliably. Although nearby completed sales are available, their size, bedroom count, condition and specification are not provided, and selling costs are unsupported.

Investor Risks & Due Diligence

• Comparable sales lack bedroom, size, condition and specification details.

• No rental evidence is available, preventing yield assessment.

• Additional legal, search, seller-cost and transfer charges may apply under the special conditions.

• Leasehold service charge, ground rent and other lease terms are not supplied.

• Property condition and refurbishment requirements are not evidenced.

• The guide is subject to fees and may not reflect market value.

Recommendation

Proceed only after reviewing the legal pack, leasehold costs and property condition, with independent valuation and rental evidence. Do not rely on the guide as market value.

Strategy Rating

Analysis Confidence

Address, tenure, occupancy, lease term, guide, one buyer charge and several nearby completed sales are supplied, but comparable specifications, condition, rent, leasehold charges, works and full purchase costs are absent.