31 Trust Walk, Herne Hill, London, SE21 8LB

Description

A three bedroom end of terrace house. Externally the property benefits from a rear garden. In need of modernisation. Extension potential subject to requisite consents. Vacant.

Accommodation

Ground Floor - Entrance Hallway, Reception Room, Kitchen, WC. First Floor - Three Bedrooms, Wet Room/WC.

Location

Herne Hill is located in south London, just south of Brixton. Brockwell Park is within easy reach and provides a large greenspace for leisure and sporting opportunities, including tennis courts, a BMX track and a lido. The popular Herne Hill Market is also nearby and is held every Sunday, offering a selection of food stalls, garments and small handmade gifts. Shopping facilities can be found in the centre of Brixton and is approximately half a mile away. The A23 is easily accessible and provides road communications into central London and the south coast via the M23. Transport Tulse Hill - Thameslink / Southeastern. West Dulwich - Southeastern.

Tenure / Property Information

Investment Analysis

The £375,000 guide is the only price evidence supplied. No completed-sale comparables, GDV evidence, sufficiently specific rental comparables, auctioneer rent estimate, refurbishment budget or buyer/admin fee figures are available. A supported market value, GDV or maximum bid cannot therefore be established. The guide excludes potentially applicable buyer fees, VAT and other seller charges.

Investment Snapshot

Strategy Recommendation

Do not commit to a bid based on the supplied evidence alone. Proceed only after obtaining a full inspection, itemised refurbishment quote, relevant sold comparables, rental evidence, legal special conditions and all auction charges.

Works Required

Modernisation of the house, including review and updating of the kitchen, reception areas, three bedrooms, wet room/WC and other dated finishes, subject to inspection. Any extension should be treated as a separate consent-dependent possibility rather than assumed scope.

Rental & Market Context

Potential BRRR Position

A BRRR assessment is not supportable without a defensible post-works GDV, refurbishment budget, achievable rent and full acquisition-cost schedule. The property is freehold and vacant, but modernisation requirements and any extension outcome remain unquantified.

Buy-to-Let Analysis

BTL viability cannot be established because no sufficiently specific rental evidence or auctioneer rent estimate is supplied. The property is vacant, so there is no evidenced passing rent. Purchase costs, refurbishment costs and applicable auction charges are also unknown.

Flip Analysis

A flip surplus cannot be calculated because there are no sold comparables or supported GDV, no refurbishment allowance and no supplied selling-cost allowance. The guide alone is insufficient to demonstrate a resale margin.

Investor Risks & Due Diligence

• The property is described as in need of modernisation, but the scope and cost of works are unknown.

• Any extension potential is subject to the requisite consents and cannot be included in value assumptions.

• No sufficiently specific rental comparables or auctioneer rent estimate are available.

• No completed-sale comparables are supplied to support market value or GDV.

• Buyer fees, VAT and other seller charges may apply but are not quantified.

• The property is vacant, so there is no evidenced existing rental income.

Recommendation

Do not commit to a bid based on the supplied evidence alone. Proceed only after obtaining a full inspection, itemised refurbishment quote, relevant sold comparables, rental evidence, legal special conditions and all auction charges.

Strategy Rating

Analysis Confidence

Only the property description, guide price, tenure, occupancy and EPC are supplied; key valuation, rental, condition-cost and fee evidence is absent.