29, Oakleigh Court, 27-31 Avenue Road, Southall, Middlesex, UB1 3BU

Description

Leasehold split level self contained two bedroom flat. Full vacant possession.

Accommodation

Two bedrooms, reception room, kitchen, bathroom/WC

Location

The property is situated on Avenue Road in Southall, Middlesex. Public transport links are provided by Southall Railway Station (Elizabeth Line), together with a network of local bus services serving the surrounding area. An extensive range of shopping amenities can be found within Southall town centre, whilst recreational pursuits include Southall Park, Minet Country Park and Osterley Park. Road links are provided by the A4020, A312 and M4 motorway, offering access to Central London, Heathrow Airport and the wider motorway network.

Tenure / Property Information

Investment Analysis

Same-development Land Registry comparables range from £175,000 to £270,000, with the latest supplied sale at £270,000 on 31 October 2024. The evidence does not identify the comparable flats' size, condition, floor, exact lease terms or whether they are directly comparable. A provisional base GDV of £225,000 is used as the midpoint of the observed £180,000–£270,000 evidence range, but the 69-year lease and awaited lease information create material valuation uncertainty.

Investment Snapshot

Strategy Recommendation

Proceed only subject to legal-pack review, lease-term verification and physical inspection. The guide suggests potential value and rental headroom, but the 69-year lease and incomplete cost information mean this is currently a conditional BTL/BRRR opportunity rather than an unconditional purchase.

Works Required

No specific defects or refurbishment requirements are supplied. Obtain a physical inspection, EPC information and the legal pack before budgeting works; no refurbishment allowance is included in the calculations.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

At the provisional £225,000 base GDV, 75% loan-to-value refinancing equates to £168,750. The acquisition spread appears substantial against the £130,000 guide, but cash-left-in cannot be calculated because works, legal costs, seller fees, lease-related costs and finance costs are unknown. Lease length and lease terms must be verified before relying on refinancing assumptions.

Buy-to-Let Analysis

The supplied £1,800 pcm figure is a single advertised asking rent, not an achieved rent or auctioneer estimate. At the £130,000 guide, this indicates a gross yield of approximately 16.62% before finance, service charge, ground rent, management, maintenance, voids and other costs. The 69-year lease and unknown lease costs could materially affect BTL viability.

Flip Analysis

The provisional base GDV is £225,000, supported only by same-development sales ranging from £180,000 to £270,000. A reliable flip surplus cannot be calculated because the refurbishment requirement, selling allowance, lease-related costs and any seller fees are unknown. The latest £270,000 comparable should not be treated as a guaranteed resale value for this flat.

Investor Risks & Due Diligence

• Only 69 years remain on the lease, with further lease information awaited.

• The sold comparables do not provide unit-specific details such as size, condition, floor or exact lease terms.

• The £1,800 pcm rent is an advertised asking rent rather than achieved rent.

• Condition and refurbishment requirements are unknown.

• EPC, heating and parking information are unavailable.

• Service charge, ground rent, lease restrictions and lease-extension costs are unknown.

• The seller may charge additional completion fees under the Special Conditions of Sale.

Recommendation

Proceed only subject to legal-pack review, lease-term verification and physical inspection. The guide suggests potential value and rental headroom, but the 69-year lease and incomplete cost information mean this is currently a conditional BTL/BRRR opportunity rather than an unconditional purchase.

Strategy Rating

Analysis Confidence

There are five same-development sold comparables and one advertised rental, but the flat's condition, exact lease terms, service charge, ground rent, EPC, parking, heating and potential additional seller fees are unknown.