36 Cottington Road, Feltham, Middlesex, TW13 6YH

Description

A Vacant Second and Third Floor Two Bedroom Split Level Flat. The property comprises a second and third floor two bedroom split level flat situated within a purpose built block arranged over ground and three upper floors.

Accommodation

Second Floor: Reception Room with Open-Plan Kitchen. Third Floor: Two Bedrooms; Bathroom.

Location

The property is situated on a residential road close to local shops and amenities. The open spaces of Hanworth Park are within easy reach. Transport links are provided by Fulwell rail station.

Tenure / Property Information

Investment Analysis

The strongest same-road evidence is £284,000 for 10 Cottington Road in August 2021 and £285,000 for 32 Cottington Road in March 2017. A £300,000 sale for 2 Cottington Road in February 2019 provides a higher scenario, but there is no current valuation or evidence confirming the subject flat's condition, size, position or specification. An indicative base GDV of £285,000 is therefore used, with a supported evidence range of £284,000 to £300,000.

Investment Snapshot

Strategy Recommendation

Proceed only after reviewing the legal pack, inspecting condition, confirming lease and ownership costs, and obtaining rental evidence. Do not rely on the guide range alone to set a bid.

Works Required

No specific refurbishment works are evidenced. Obtain the legal pack and inspect the vacant flat to establish condition, compliance and any required works before bidding.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

Using the indicative £285,000 base GDV, 75% refinance is £213,750. Purchase price, refurbishment cost and potentially payable disbursements are unknown, so total project cost, cash left in and equity cannot be calculated. The approximately 89-year lease also requires legal and lender review.

Buy-to-Let Analysis

BTL viability cannot be established because no sufficiently specific rental comparable or auctioneer rent estimate is provided. The flat is vacant, and service charge, ground rent and other ownership costs are not supplied.

Flip Analysis

The same-road completed sales support an indicative GDV range of £284,000 to £300,000, but no condition-based works allowance, purchase price, selling costs or full acquisition costs are available. A reliable flip surplus and maximum bid cannot therefore be calculated.

Investor Risks & Due Diligence

• Approximately 89 years remain on the lease, subject to legal and lender acceptability.

• No rental evidence is available, so rental yield and BTL affordability cannot be assessed.

• The vacant property's condition and any required works are unknown.

• Service charge, ground rent, council tax, EPC, parking and heating details are not supplied.

• Additional disbursements and other charges may be payable under the legal pack and special conditions.

• The comparable sales range from 2017 to 2021 and may not represent current market value.

Recommendation

Proceed only after reviewing the legal pack, inspecting condition, confirming lease and ownership costs, and obtaining rental evidence. Do not rely on the guide range alone to set a bid.

Strategy Rating

Analysis Confidence

There are several same-road completed sales and confirmed tenure/occupancy, but no current valuation, condition report, rental evidence, EPC, service charge, ground rent, purchase price or complete fee schedule.