31 Union Road, Croydon, Surrey

Description

A Vacant Three Bedroom Mid Terrace House. The property comprises a three bedroom mid terrace house arranged over ground and first floors.

Accommodation

Ground Floor: Reception Room; Kitchen. First Floor: Three Bedrooms; Bathroom. Exterior: The property benefits from a rear garden.

Location

The property is situated on a residential road close to local shops and amenities. The open spaces of Willford Road Recreation Ground are within easy reach. Transport links are provided by West Croydon overground station and rail station.

Tenure / Property Information

Investment Analysis

The nearest supplied evidence is 33 Union Road at £330,000 in August 2016. Earlier sales are materially older. No current comparable, guide price, condition evidence or formal valuation is supplied, so a current GDV cannot be supported.

Strategy Recommendation

Do not bid based on the supplied evidence alone. Obtain the legal pack, inspect the property and secure current valuation and rental evidence first.

Works Required

No specific defects or refurbishment requirements are evidenced. Arrange inspection and review the legal pack before budgeting works.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

A BRRR assessment is not supportable without a purchase price, refurbishment budget, current GDV and evidenced rent. The £1,800 buyer administration charge is known, while other possible costs remain unspecified.

Buy-to-Let Analysis

No sufficiently specific rental evidence or auctioneer rent estimate is supplied, so rent and yield cannot be established.

Flip Analysis

Flip viability cannot be calculated because there is no guide price, current GDV, works allowance or supported selling-cost allowance. The 2016 £330,000 sale is historic and not a current valuation.

Investor Risks & Due Diligence

• No guide price or current market valuation is supplied.

• Property condition and refurbishment requirements are unknown.

• No sufficiently specific rental evidence is available.

• Special conditions may impose additional legal, search, transfer or seller-cost charges.

• Historic comparable evidence may not reflect current value.

Recommendation

Do not bid based on the supplied evidence alone. Obtain the legal pack, inspect the property and secure current valuation and rental evidence first.

Strategy Rating

Analysis Confidence

Only basic property details, historic sales and one known administration charge are supplied; current value, condition, rent, guide price and most transaction costs are unavailable.