36 Netley Road, Ilford, Essex, IG2 7NR

Description

A Vacant Four Room Mid Terrace House

Accommodation

Ground Floor: Through Reception Room; Kitchen. First Floor: Three Rooms; Bathroom. The property is arranged over ground and first floors.

Location

The property is situated on a residential road close to local shops and amenities. The open spaces of Seven Kings Park are within easy reach. Transport links are provided by Newbury Pk underground station (Central line) and Barking rail station.

Tenure / Property Information

Investment Analysis

Completed sales support a value range of £360,000–£395,000: £360,000 at 48 Netley Road in 2020, £395,000 at 56 Netley Road in 2024, and £380,000 for the subject property at 36 Netley Road in May 2026. The £380,000 sale is the strongest direct evidence and is used as the base GDV. The £506,000 2021 sale is older and materially higher, so it has not been used as the base case. The guide is £90,000 below base GDV before works, fees and other costs.

Investment Snapshot

Strategy Recommendation

Conditional value-led purchase only after inspection and legal-pack review. The evidence suggests a potential resale margin at the guide, but the lack of condition, rent and full-cost information means no reliable bid ceiling can be set.

Works Required

No specific defects or refurbishment requirements are evidenced. Obtain and review the legal pack and inspect the vacant property before bidding; no works allowance can be supported from the supplied information.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

At the base GDV, 75% refinance is approximately £285,000. However, refurbishment costs, disbursements and total project cost are unknown, so cash left in and equity cannot be calculated reliably.

Buy-to-Let Analysis

BTL appraisal cannot be established because no sufficiently specific rental evidence or auctioneer rent estimate is supplied. Yield, annual rent and total project cost therefore remain unsupported.

Flip Analysis

At the £290,000 guide, the headline difference to the £380,000 base GDV is £90,000 before the known £1,800 administration charge, works, legal-pack disbursements, selling costs and finance. This is not an estimated flip surplus because the missing costs are material and unsupported.

Investor Risks & Due Diligence

• Property condition and any required refurbishment are unknown.

• No sufficiently specific rental evidence is available, preventing a reliable BTL yield assessment.

• Legal-pack disbursements and additional special-condition charges are unknown.

• The comparable sales show a wide range and different transaction dates.

• Selling costs, finance costs and taxation are not supplied and are excluded from the analysis.

Recommendation

Conditional value-led purchase only after inspection and legal-pack review. The evidence suggests a potential resale margin at the guide, but the lack of condition, rent and full-cost information means no reliable bid ceiling can be set.

Strategy Rating

Analysis Confidence

The valuation has several relevant completed sales, including a recent sale of the subject address, but condition, refurbishment costs, rent, EPC, and potential legal-pack charges are not supplied.