3b Forthbridge Road, Battersea, London

Description

Two bedroom maisonette on the first and second floors, approximate GIA 80 sq m (864 sq ft), in need of modernisation, vacant.

Accommodation

First floor - Reception room, Kitchen, Bedroom, Bathroom/wc; Second floor - Bedroom

Location

Situated to the east side of Forthbridge Road, close to the junction with Nansen Road. A popular residential area, just to the south of Lavender Hill which provides many fashionable shops, bars and restaurants. The green open spaces of Clapham Common are to the south. Transport: Clapham Junction Station - National Rail.

Tenure / Property Information

Investment Analysis

The supplied comparables are historic sales of 15 Forthbridge Road, not 3b, and range from 2004 to 2016. No current, sufficiently specific comparable or formal valuation is provided, so a supported GDV cannot be established. The £450,000 guide is not evidence of market value and auction fees, VAT and seller charges are unspecified.

Investment Snapshot

Strategy Recommendation

Do not bid on the supplied evidence alone. Obtain current comparable evidence, a detailed inspection, refurbishment quotations, the full legal pack and confirmation of all buyer, seller, VAT and auction charges before considering a bid.

Works Required

Modernisation of the vacant two-bedroom maisonette is indicated. The evidence does not specify particular defects, finishes, services or required works, so no reliable scope or cost allowance can be calculated. Confirm condition, statutory compliance and lease documentation before bidding.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

A BRRR assessment cannot be supported without a current GDV, refurbishment budget, achievable rent and full acquisition costs. The proposed new 125-year lease from completion is noted, but the lease terms and service-charge information are not provided.

Buy-to-Let Analysis

BTL viability cannot be established because no sufficiently specific rental comparable or auctioneer rent estimate is supplied. Refurbishment costs, purchase costs and potentially applicable auctioneer, VAT and seller charges are also unknown.

Flip Analysis

A flip appraisal cannot be supported. The only supplied sales are historic transactions for another property at 15 Forthbridge Road, and no selling costs or current market evidence is provided. Modernisation is required, but its scope and cost are unknown.

Investor Risks & Due Diligence

• Modernisation scope and cost are unspecified.

• No sufficiently specific rental evidence is available.

• Current GDV cannot be established from the historic comparables supplied.

• Buyer fees, VAT and possible seller charges are unspecified.

• Lease terms beyond the stated new 125-year lease, including service-charge information, are not provided.

• The property is vacant and no income is currently evidenced.

Recommendation

Do not bid on the supplied evidence alone. Obtain current comparable evidence, a detailed inspection, refurbishment quotations, the full legal pack and confirmation of all buyer, seller, VAT and auction charges before considering a bid.

Strategy Rating

Analysis Confidence

The property description and tenure/occupancy information are clear, but current valuation, rent, refurbishment cost, lease details, fees and selling costs are unavailable. The comparables are historic and relate to a different property.