34 Elsley Road, Battersea, London, SW11 5LL

Description

A one bedroom first floor flat. The property forms part of an attractive converted building. In need of modernisation. Vacant.

Accommodation

Ground Floor - Entrance Hallway. First Floor - Reception Room, Kitchen, Bedroom, Bathroom/WC.

Location

Located on the north side of Elsley Road. Local shops and amenities are available along Battersea Park Road and Lavender Hill, with further amenities in Clapham Junction. Recreational amenities include nearby open spaces such as Battersea Park, with additional leisure and riverside facilities available throughout the area. Transport links include Clapham Junction and road access via the A3205 and nearby A3. Transport: Clapham Junction - Mildmay, South Western Railway, Southern, Windrush; Wandsworth Road - Windrush; Queenstown Road - South Western Railway.

Tenure / Property Information

Investment Analysis

The strongest evidence is the completed sale of the same property, 34 Elsley Road, at £425,000 on 31 January 2025. A nearby sale at 38 Elsley Road reached £460,000 on 27 February 2026, but its specification and condition are not provided. The 2015 sales are historic. An indicative base GDV of £425,000 is therefore used, with a supported evidence range of £425,000–£460,000, subject to the flat being modernised and legal-pack details being satisfactory.

Investment Snapshot

Strategy Recommendation

Do not bid on the supplied evidence alone. Treat the opportunity as a potential value-add resale project only after reviewing the legal pack, confirming all auction charges, obtaining a refurbishment quotation and establishing achievable rent or resale demand.

Works Required

Modernisation is required, but the evidence gives no detailed schedule of condition. Obtain a survey and contractor quotations before bidding; no specific structural, services or decorative works should be assumed from the supplied information.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

A 75% refinance of the indicative £425,000 base GDV is £318,750. BRRR viability cannot be assessed because refurbishment cost, rent, finance costs and total acquisition costs are unavailable. The new 990-year lease is subject to the legal pack.

Buy-to-Let Analysis

BTL underwriting cannot be established because no sufficiently specific rental comparable or auctioneer rent estimate is supplied. Buyer fees, possible VAT and other seller charges are also unspecified, so total acquisition cost and yield cannot be calculated.

Flip Analysis

The evidence supports an indicative post-works GDV range of £425,000–£460,000, but no refurbishment allowance, buyer premium, VAT, seller charges or selling costs are supplied. A flip surplus therefore cannot be calculated, and the guide price does not provide an established margin.

Investor Risks & Due Diligence

• The buyer fee is unspecified.

• VAT may apply and the seller may charge other amounts under the Special Conditions of Sale.

• The refurbishment scope and cost are unknown despite the property being described as in need of modernisation.

• No sufficiently specific rental evidence is supplied, preventing yield analysis.

• The 990-year lease terms and any other legal matters require review of the legal pack.

• Comparable sales do not provide sufficient detail on condition, specification or exact comparability.

Recommendation

Do not bid on the supplied evidence alone. Treat the opportunity as a potential value-add resale project only after reviewing the legal pack, confirming all auction charges, obtaining a refurbishment quotation and establishing achievable rent or resale demand.

Strategy Rating

Analysis Confidence

There is useful completed-sale evidence, including the same property, but condition-adjusted value, refurbishment costs, rent, buyer fees, VAT and other acquisition or selling costs are not supplied.