3 Leysdown Avenue, Bexleyheath, Kent

Description

A freehold three-bedroom semi-detached house situated in an established residential location. The property is let under a longstanding Statutory Tenancy producing approximately £13,680 per annum. The property has double glazed windows, front and rear gardens, driveway and detached garage. It is considered to have particular appeal for specialist investors looking to add to their existing portfolio.

Accommodation

Ground Floor: Entrance, through living room, kitchenette and W.C. First Floor: Three bedrooms and shower room with W.C. Outside: Front and rear gardens and driveway leading to detached garage.

Location

Situated in an established residential location in Bexleyheath, Kent.

Tenure / Property Information

Investment Analysis

The supplied completed sales are semi-detached freehold houses on Leysdown Avenue, ranging from £425,000 in 2019 to £460,000 in 2022 and £555,000 in 2024. No bedroom count, floor area, condition or transactional detail is supplied for the comparables, so a cautious base GDV of £460,000 is used, with an evidence-based indicative range of £425,000–£555,000. The £315,000 guide represents a substantial discount to these sales, but the property is subject to a Statutory Tenancy and its condition and vacant-possession prospects are not evidenced.

Investment Snapshot

Strategy Recommendation

Consider only as a specialist tenanted freehold investment after reviewing the Statutory Tenancy, rent registration, legal position, property condition and all auction fees. Do not rely on the apparent GDV discount for a flip or BRRR strategy without confirmed possession, valuation and finance terms.

Works Required

No specific defects or refurbishment requirements are evidenced. Allow for inspection, maintenance and any compliance or EPC-related works identified during due diligence, but no quantified works allowance is included.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

At the £315,000 guide and using the £460,000 base GDV, 75% of GDV is approximately £345,000. This indicates £30,000 more than the guide price before allowing for works, acquisition costs, finance, tax and refinance valuation risk. The calculation is indicative only and does not establish that refinancing at 75% of GDV will be available.

Buy-to-Let Analysis

The registered rent is £1,140 pcm, or approximately £13,680 per annum. Against the £315,000 guide, the gross yield is approximately 4.34%, before finance, maintenance, voids, management, tax and other costs. No sufficiently specific external rental comparable is supplied. The Statutory Tenancy and registered rent require careful legal and tenancy due diligence.

Flip Analysis

Using the £460,000 base GDV and the £315,000 guide produces a simple £145,000 margin before works, acquisition costs, finance, selling costs, tax and any tenancy-related discount. No supported refurbishment budget, selling allowance or vacant-possession evidence is supplied, so a reliable flip surplus cannot be calculated.

Investor Risks & Due Diligence

• The property is let under a Statutory Tenancy at a registered rent, which may restrict possession, reletting and rental growth assumptions.

• EPC rating E may require future improvement or compliance expenditure, but no specific works evidence is supplied.

• Buyer, administration, search, Stamp Duty, Land Registry, VAT and other applicable costs are not quantified.

• The comparable sales lack supplied bedroom, floor-area and condition details, limiting GDV reliability.

• The BRRR calculation assumes a 75% refinance of the base GDV, which is not guaranteed and may be affected by the tenancy and lender criteria.

• No sufficiently specific external rental comparable or passing-rent verification beyond the supplied registered rent is provided.

Recommendation

Consider only as a specialist tenanted freehold investment after reviewing the Statutory Tenancy, rent registration, legal position, property condition and all auction fees. Do not rely on the apparent GDV discount for a flip or BRRR strategy without confirmed possession, valuation and finance terms.

Strategy Rating

Analysis Confidence

The tenancy, rent, tenure, guide price and several same-road completed sales are supplied, but comparable property details, condition, floor area, buyer/admin fees, refurbishment costs, external rental evidence and vacant-possession prospects are absent.