2B Chaplin Road, Willesden, London

Description

A Vacant Two Bedroom Corner House. The property comprises a two bedroom corner house arranged over ground and first floors.

Accommodation

Ground Floor: Reception Room, Kitchen, Bathroom. First Floor: Two Bedrooms. Exterior: Rear courtyard.

Location

The property is situated on a residential road close to local shops and amenities. The open spaces of Roundwood Park are within easy reach. Transport links are provided by Willesden Green underground station (Jubilee line) and Stonebridge Park rail station.

Tenure / Property Information

Investment Analysis

Same-road freehold terraced sales range from £551,000 to £838,000, but bedroom count, floor area and condition are not supplied. An indicative £690,000 base scenario is used cautiously; this is not a formal valuation.

Investment Snapshot

Strategy Recommendation

Investigate as a potential BTL, subject to confirming achievable house rent, condition, legal-pack costs and the property's true market value. Do not bid solely on the headline yield.

Works Required

No works are evidenced. Obtain a survey and inspect the vacant property before budgeting refurbishment.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

A 75% refinance of the indicative £690,000 GDV is £517,500. Refurbishment cost, total project cost and cash left in cannot be established because condition and works requirements are unknown.

Buy-to-Let Analysis

The advertised £2,396 pcm two-bedroom flat rent implies approximately 10.46% gross yield against the £275,000 guide. However, it is asking rent evidence for a flat rather than this house, so achievable rent and reliable BTL yield require validation. The £1,800 administration charge and any disbursements are additional.

Flip Analysis

The local sold evidence suggests substantial potential value above the guide, but a flip surplus cannot be calculated without verified subject comparables, works costs, purchase costs and selling costs.

Investor Risks & Due Diligence

• Sold comparables have no supplied bedroom, floor-area or condition details.

• The rent evidence is an advertised asking rent for a two-bedroom flat, not achieved rent for this house.

• Refurbishment requirements are unknown because no condition information is supplied.

• Buyer premium, disbursements and other completion costs are not quantified.

• The guide price is not a confirmed purchase price and may be exceeded at auction.

Recommendation

Investigate as a potential BTL, subject to confirming achievable house rent, condition, legal-pack costs and the property's true market value. Do not bid solely on the headline yield.

Strategy Rating

Analysis Confidence

Same-road sold evidence and one rental listing are available, but subject floor area, condition, achievable house rent, buyer costs and disbursements are missing.