31 Collins House, Harrow Road, London, NW10 5NB

Description

A fourth floor one bedroom flat forming part of a purpose built block. Well located for the amenities of Kensal Rise. Vacant.

Accommodation

Fourth Floor - Reception Room, Kitchen, Bedroom, Bathroom/WC.

Location

Located on Harrow Road, close to local shops and amenities. The recreational amenities of King Edward VII Park are close by. Road links via the A40. Transport: Willesden Junction - Overground; Stonebridge Park - Bakerloo.

Tenure / Property Information

Investment Analysis

The supplied completed sales in NW10 5NB range from £180,000 to £270,000, but they are from different buildings, dates and unspecified flat sizes, bedroom counts, floors and lease terms. They are therefore insufficient to establish a reliable GDV for this one-bedroom flat with approximately 64 years unexpired. The £135,000 guide excludes an unspecified buyer fee, and VAT or other charges may apply.

Investment Snapshot

Strategy Recommendation

Do not bid without inspecting the flat, reviewing the lease and special conditions, obtaining a leasehold-cost assessment, and sourcing specific one-bedroom rental and sales evidence.

Works Required

No specific defects or refurbishment requirements are evidenced. A physical inspection, lease review and confirmation of any required works would be needed before budgeting.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

BRRR cannot be assessed reliably because GDV, rent, refurbishment cost, buyer fees and refinance costs are unsupported. The approximately 64-year lease may also affect refinancing and saleability, subject to lender criteria.

Buy-to-Let Analysis

BTL cannot be underwritten because no sufficiently specific rental evidence or auctioneer rent estimate is supplied. Gross yield and cash flow cannot be calculated. The approximately 64-year lease is also a material consideration for rental and resale demand.

Flip Analysis

A flip surplus cannot be calculated. The available sold comparables are not sufficiently specific to establish resale value, while refurbishment requirements and selling costs are unknown. Any resale analysis would also need to account for the approximately 64-year lease.

Investor Risks & Due Diligence

• Approximately 64 years remain on the lease, which may affect value, mortgageability and resale.

• Buyer fee amount is unspecified.

• VAT may apply to the sale price and other seller charges may be stated in the special conditions.

• No sufficiently specific rental evidence is supplied.

• No condition, refurbishment-cost, service-charge, ground-rent, EPC, council-tax, parking or heating information is supplied.

• The sold comparables vary by building and do not specify bedroom count, size, floor or lease term.

Recommendation

Do not bid without inspecting the flat, reviewing the lease and special conditions, obtaining a leasehold-cost assessment, and sourcing specific one-bedroom rental and sales evidence.

Strategy Rating

Analysis Confidence

The property description, guide price, tenure and lease term are supplied, but there is no condition detail, rental evidence, EPC, service-charge information, buyer-fee amount or sufficiently comparable one-bedroom sales evidence.