29a Parkville Road, London, SW6 7DA

Description

Studio flat in a basement, in need of modernisation, with a new 125 year lease, peppercorn ground rent and vacant possession.

Accommodation

Basement - Studio Room, Kitchen, Bathroom / WC

Location

Situated close to the junction of Filmer Road. Shopping facilities can be found locally on Dawes Road and Fulham Road along with a good selection of cafes, bars and restaurants. Recreational facilities can be found at Normand Park and Eel Brook Common, which are close by. Transport: National Rail West Brompton; Underground Fulham Broadway and Parsons Green.

Tenure / Property Information

Investment Analysis

The supplied sold comparables are on Parkville Road but provide no floor area, bedroom count, floor level, condition or other details needed to compare them reliably with this basement studio. Their prices range from £293,000 to £1,165,000, so they do not support a dependable GDV estimate for this property. The supplied rental evidence is not sufficiently subject-specific: it includes one-bedroom listings and materially different advertised rents, with no matching studio comparable clearly tied to the property.

Investment Snapshot

Strategy Recommendation

Do not set a bid or pursue a strategy until the legal pack, studio dimensions, condition, refurbishment quotations and genuinely comparable rental and sale evidence have been reviewed.

Works Required

Modernisation of the basement studio, kitchen and bathroom/WC is supported by the description. No further works or cost allowance can be established from the supplied evidence.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

BRRR analysis cannot be completed reliably. The lease is stated to be a new 125-year lease with peppercorn ground rent and vacant possession, but GDV, refurbishment cost, rent and refinance value are unsupported.

Buy-to-Let Analysis

A BTL yield cannot be established reliably because no auctioneer rent estimate or sufficiently comparable studio rent is supplied. The available advertised rents are not sufficiently matched to this basement studio and are not achieved rents.

Flip Analysis

A flip surplus cannot be calculated. Although sold comparables exist on the same road, the absence of size, layout, condition and floor-level information prevents a reliable valuation comparison, and no supported refurbishment or selling-cost allowance is supplied.

Investor Risks & Due Diligence

• Basement studio condition is described only generally as needing modernisation, so the scope and cost of works are unknown.

• The sold comparables have a very wide price range and lack size, layout, floor-level and condition details.

• The supplied rental listings are advertised asking rents, include one-bedroom properties and are not sufficiently comparable to this studio.

• No buyer premium, administration charge or other auction costs are supplied.

• No maximum bid can be supported without GDV, works and income evidence.

Recommendation

Do not set a bid or pursue a strategy until the legal pack, studio dimensions, condition, refurbishment quotations and genuinely comparable rental and sale evidence have been reviewed.

Strategy Rating

Analysis Confidence

The property description confirms use, tenure, vacancy and a need for modernisation, but the evidence lacks floor area, detailed condition, costs, fees, subject-matched rent and reliable like-for-like valuation data.