36 Sedgebrook Road, Blackheath, London

Description

A Vacant Three Bedroom Semi Detached House in Need of Modernisation. Planning has been Submitted to Convert into a Five Bedroom HMO. The property comprises a three bedroom semi detached house arranged over ground and first floors.

Accommodation

Ground Floor: Reception Room, Kitchen, Bathroom. First Floor: Three Bedrooms, WC. Exterior: The property benefits from both front and rear gardens.

Location

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

Tenure / Property Information

Investment Analysis

The only sale comparable is from 1998 and cannot support a current GDV. No relevant current valuation or local rental evidence is supplied. The property is vacant, freehold and described as needing modernisation. Planning has been submitted for a five-bedroom HMO, but approval and deliverability are unconfirmed.

Investment Snapshot

Strategy Recommendation

Do not bid on the supplied evidence alone. Obtain current local valuation and rent evidence, inspect the property, and review planning and legal-pack terms before considering the modernisation or HMO route.

Works Required

Modernisation of the existing three-bedroom house. Any HMO conversion works remain subject to planning approval, building requirements and the legal pack; no detailed specification or cost evidence is supplied.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

BRRR cannot be underwritten because current GDV, refurbishment cost, achievable rent and refinance value are unsupported. The submitted HMO planning application is not evidence of approval or completed conversion.

Buy-to-Let Analysis

BTL returns cannot be established. The sole rental listing is in Thame rather than Blackheath and is only an advertised asking rent, while no property-specific rent is supplied.

Flip Analysis

A flip surplus cannot be calculated. No current GDV, refurbishment allowance or supported selling-cost allowance is supplied; the sole sale comparable is materially historic.

Investor Risks & Due Diligence

• Planning has only been submitted for the proposed five-bedroom HMO, with no approval evidenced.

• The property needs modernisation, but its scope and cost are unknown.

• No relevant current sale comparable or local rental evidence is supplied.

• The £1,800 administration charge applies, with possible additional disbursements and special-condition charges.

• The property is vacant, so no passing rent is evidenced.

Recommendation

Do not bid on the supplied evidence alone. Obtain current local valuation and rent evidence, inspect the property, and review planning and legal-pack terms before considering the modernisation or HMO route.

Strategy Rating

Analysis Confidence

Current valuation, refurbishment cost, relevant rent, planning outcome and full purchaser costs are unavailable; the supplied comparable is from 1998 and the rental evidence is from a different town.