4 Berkshire Way, Mitcham, Surrey, CR4 1QT

Description

A Vacant Three Bedroom Semi Detached House in Need of Refurbishment

Accommodation

Ground Floor: Two Reception Rooms, Kitchen. First Floor: Three Bedrooms, Bathroom. Exterior: Rear garden and off street parking.

Location

The property is situated on a residential road close to local shops and amenities. The open spaces of Mitcham Common are within easy reach. Transport links are provided by West Croydon overground station and Thornton Heath rail station.

Tenure / Property Information

Investment Analysis

The only recent completed sale supplied is the same address at £350,000 on 17 February 2026. This supports a base GDV of £350,000, but there is no evidence confirming whether that sale reflected the current vacant, refurbishment-required condition. Older same-road sales are not sufficiently current for reliable scenario pricing. The £300,000+ guide leaves £50,000 before the £1,800 administration charge, refurbishment, disbursements, finance and selling costs.

Investment Snapshot

Strategy Recommendation

Proceed only after reviewing the legal pack, inspecting the property and obtaining a detailed refurbishment quotation. Treat this primarily as a refurbishment-led resale opportunity; the BTL case is unassessable due to missing rent evidence. Do not assume the £350,000 sale is an achievable post-works value without confirming comparability.

Works Required

Refurbishment is required, but the evidence does not itemise defects or provide a specification. Allow for inspection-led works only, including necessary upgrading of the accommodation and services, and review of the EPC G rating. No reliable works budget can be established from the supplied evidence.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

At the £300,000 guide, the known purchase price plus £1,800 administration charge is £301,800 before refurbishment and other charges. A 75% refinance against the supported £350,000 base GDV would be £262,500, but cash left in cannot be calculated without a supported works budget and all relevant costs. The refinance case therefore remains unproven.

Buy-to-Let Analysis

BTL viability cannot be established because no sufficiently specific rental comparable or auctioneer rent estimate is supplied. Refurbishment scope, EPC G implications and total project cost are also unknown. Do not rely on a rental yield case without verified local rent and a full cost budget.

Flip Analysis

The supplied same-address completed sale supports a £350,000 base resale value. However, the gross £50,000 difference between the guide and GDV must cover refurbishment, the £1,800 administration charge, disbursements, finance, selling costs and any price variance. No supported flip surplus or maximum bid can be calculated.

Investor Risks & Due Diligence

• Refurbishment scope and cost are unknown.

• The property has an EPC rating of G, with no upgrade cost or requirements supplied.

• The £350,000 same-address sale may not be directly comparable to the current vacant property in refurbishment condition.

• Buyer disbursements and other charges may be payable under the legal pack.

• No reliable rental evidence is available.

• The £300,000+ guide is not a guaranteed purchase price and the available margin may be insufficient after all project costs.

Recommendation

Proceed only after reviewing the legal pack, inspecting the property and obtaining a detailed refurbishment quotation. Treat this primarily as a refurbishment-led resale opportunity; the BTL case is unassessable due to missing rent evidence. Do not assume the £350,000 sale is an achievable post-works value without confirming comparability.

Strategy Rating

Analysis Confidence

A recent completed sale for the exact address supports the base GDV, but there is no verified refurbishment budget, rental evidence, detailed condition report, full fee schedule or confirmation that the comparable reflected the current condition.