31 Trust Walk, Herne Hill, London

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 £275,000 guide is the only available pricing evidence and is not a formal valuation. No completed-sale comparables, GDV evidence, refurbishment budget, buyer fee amount, seller charges or rental comparables were supplied, so market value and investment returns cannot be reliably established.

Investment Snapshot

Strategy Recommendation

Do not bid on the current evidence. Obtain a survey, refurbishment quotations, completed-sale comparables, rental evidence and all auction charges before considering a bid.

Works Required

Modernisation is required, but the evidence does not define the scope or cost. A survey and detailed specification are needed. Any extension would be subject to the requisite consents.

Rental & Market Context

Potential BRRR Position

A BRRR assessment cannot be completed because GDV, refurbishment cost, achievable rent and total acquisition costs are unsupported. The guide price alone is insufficient to assess refinance or equity release.

Buy-to-Let Analysis

The property is vacant and no sufficiently specific rental comparable or auctioneer rent estimate was supplied. Rent and gross yield therefore cannot be established. The buyer fee and any seller charges are also unquantified.

Flip Analysis

A flip assessment cannot be completed because there are no completed-sale comparables, GDV evidence, refurbishment costs or supported selling allowances. The property is described as needing modernisation, creating unquantified project risk.

Investor Risks & Due Diligence

• Unknown scope and cost of the required modernisation.

• No completed-sale comparables or supported GDV evidence.

• No sufficiently specific rental evidence or passing rent.

• Buyer fee amount is not supplied.

• Seller charges and VAT treatment may apply but are not quantified.

• Any extension is subject to the requisite consents.

Recommendation

Do not bid on the current evidence. Obtain a survey, refurbishment quotations, completed-sale comparables, rental evidence and all auction charges before considering a bid.

Strategy Rating

Analysis Confidence

Only the property description, £275,000 guide price, EPC rating, tenure and vacant status were supplied; key valuation, cost, rent and fee evidence is absent.