306 Vesta Court, City Walk, London, SE1 3BP

Description

Long leasehold third floor flat Location: The property is located on City Walk. Shopping amenities are available within Elephant & Castle and Southwark with a further range of shops, bars and restaurants found within Central London lying to the west. Public transport links are available at Elephant & Castle Train and London Underground Station (Bakerloo and Northern lines) located to the east and at Borough London Underground Station lying to the west along with a network of local bus services serving the surrounding areas. The property is served by road links including the A201 located to the south and the A100 lying to the east. Recreational pursuits can be found at Leathermarket Gardens located to the north. Accommodation: Principle bedroom with en-suite, one further bedroom, reception room open plan to kitchen, shower room/wc Outside: Balcony EPC Rating: C Council Tax Band: E Lease: Held on a lease for a term of 999 years from 01/01/2002 at a ground rent of £250 per annum. To view:

Location

The property is located on City Walk. Shopping amenities are available within Elephant & Castle and Southwark with a further range of shops, bars and restaurants found within Central London lying to the west. Public transport links are available at Elephant & Castle Train and London Underground Station (Bakerloo and Northern lines) located to the east and at Borough London Underground Station lying to the west along with a network of local bus services serving the surrounding areas. The property is served by road links including the A201 located to the south and the A100 lying to the east. Recreational pursuits can be found at Leathermarket Gardens located to the north. Accommodation: Principle bedroom with en-suite, one further bedroom, reception room open plan to kitchen, shower room/wc Outside: Balcony

Investment Analysis

Investment Snapshot

Property & Refurbishment

Initial feasibility allowance: £10,000–£25,000. This is not a contractor quotation and should be confirmed following inspection and detailed scope.

Rental Analysis

The auctioneer-published rent identified in the source is approximately £250 per annum.

GDV / Resale Analysis

No independent RICS/Land Registry comparable valuation has been inserted solely from the scraped auction data. End value should be confirmed against recent genuinely comparable transactions before bidding.

Properties Sold Within Approx. 5 Miles

No independently verified sold comparables are inserted from the auction scrape alone. Confirm recent Land Registry/RICS comparable evidence before relying on a GDV.

Investor Risks & Due Diligence

• Review the full legal pack and title before bidding

• Confirm all auction administration / contract charges

• Verify property condition and obtain appropriate surveys

• Confirm refurbishment costs with contractor quotations

• Confirm lease length, ground rent, service charge and major works

Recommendation

Preferred strategy: Buy-to-Let / Owner-Occupier. This recommendation is an initial appraisal based on the auctioneer's published property information and should be tested against the legal pack, inspection, finance and local market evidence.

Strategy Rating

Buy-to-Let: ★★★★☆

BRRR: ★★★☆☆

Flip: ★★★☆☆