348 Kingston Road, London, SW20 8LN

Description

Leasehold ground floor flat

Accommodation

One bedroom, reception room, kitchen/diner, bathroom/wc

Location

The property is located on Kingston Road (A238). Shopping amenities are available locally within Raynes Park lying to the west, with a further range of shops, bars and restaurants found within Kingston to the west and Central London to the north east. Public transport links are available at Wimbledon Chase Train Station (Thameslink) to the east and Wimbledon Train and London Underground Station (District Line) to the north east, along with local bus services. Road links include the A238 and the A3 to the west. Recreational pursuits can be found locally.

Tenure / Property Information

Investment Analysis

The guide is £205,000. Sold evidence on the same road ranges from £360,000 to £581,000, but the comparables are not sufficiently specific because bedroom count, floor area, condition and lease terms are not supplied. The subject has only approximately 46 years and 4 months to 47 years remaining, with ground rent and service charge unknown, so a reliable GDV or maximum bid cannot be established from the evidence provided. The £1,800 inclusive-of-VAT contract documentation fee is known; possible seller charges are not quantified.

Investment Snapshot

Strategy Recommendation

Do not commit at the guide based solely on the supplied evidence. Proceed only after solicitor review of the short lease, lease-extension position, ground rent, service charge and special conditions, plus confirmation of a defensible valuation and exit strategy.

Works Required

No refurbishment works are evidenced. The principal due-diligence issue is the short lease, together with confirmation of ground rent, service charge, lease provisions, parking, heating and any seller charges.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

BRRR is not supportable on the available evidence. There is no verified GDV, rent, refurbishment budget or refinance valuation, while the approximately 46-year lease and unknown tenure costs create material uncertainty.

Buy-to-Let Analysis

BTL analysis cannot be completed because no sufficiently specific rental evidence or auctioneer rent estimate is supplied. Ground rent and service charge are also unknown, and the short lease may affect mortgageability and tenant/investor demand.

Flip Analysis

A flip case cannot be established. Although same-road sales range from £360,000 to £581,000, their accommodation, condition and lease terms are not supplied and therefore they cannot support a reliable resale value for this flat. No selling-cost allowance or refurbishment budget is evidenced.

Investor Risks & Due Diligence

• Approximately 46 years and 4 months to 47 years remain on the lease.

• Annual ground rent, service charge and review terms are unknown.

• The £1,800 contract documentation fee applies and further seller charges may be payable but are unquantified.

• No sufficiently specific rental evidence or auctioneer rent estimate is available.

• Condition, parking and heating information is not supplied.

• The sold comparables lack sufficient detail on size, bedroom count, condition and lease length for reliable valuation use.

Recommendation

Do not commit at the guide based solely on the supplied evidence. Proceed only after solicitor review of the short lease, lease-extension position, ground rent, service charge and special conditions, plus confirmation of a defensible valuation and exit strategy.

Strategy Rating

Analysis Confidence

The address, tenure, accommodation, guide and several sold prices are supplied, but there is no specific rental evidence, no GDV-quality comparable detail, no condition or works information, and key lease and completion costs are unknown.