41B Ruskin Road, Belvedere, DA17 5BD

Description

An opportunity to acquire this first floor studio apartment, offering a wealth of potential for a variety of purchasers. The property may be suitable for use as an AirBNB/Serviced accommodation investment opportunity, subject to obtaining the relevant permissions. The residential letting market has strong demand, with 1 bedroom apartments on the market for circa £750 pcm (£9,000 per annum).

Accommodation

Ground Floor: Open Plan Living Room/Studio Space; Kitchen; WC; Shower Room; Storage

Location

The property is situate on Ruskin Road, Belvedere, in the heart of this popular Kent town. The property is within easy reach of a wide range of facilities and amenities, and offers excellent access to the wider area including the City of London.

Tenure / Property Information

Investment Analysis

The same 41B unit sold for £75,000 and £80,000 in 2015, but no current directly comparable sale is provided. The £175,000 2025 sale relates to 41, not confirmed as the same unit. Current GDV cannot therefore be reliably established. The lease began in 1987 for 99 years, leaving approximately 60 years at the analysis date.

Investment Snapshot

Strategy Recommendation

Do not bid on the available evidence alone. Proceed only after reviewing the legal pack, confirming lease acceptability, obtaining a current studio valuation and validating achievable rent and total costs.

Works Required

No specific defects or works are evidenced. Review the property condition, EPC requirements, lease and legal pack before bidding; any Airbnb or serviced-accommodation use requires relevant permissions.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

A BRRR assessment is not supportable without a current GDV, studio-specific rent, refurbishment budget and confirmed refinancing terms. The approximately 60-year lease may also affect value and lenderability.

Buy-to-Let Analysis

The £750 pcm estimate relates to one-bedroom apartments, not this studio, and no sufficiently specific rental comparable is supplied. BTL rent and yield cannot be reliably established. The £3,600 buyer administration charge and possible legal-pack disbursements also increase acquisition costs.

Flip Analysis

A flip assessment is not supportable because no current GDV, works budget or selling-cost allowance is evidenced. The historic 41B sales are too old to establish a current resale value.

Investor Risks & Due Diligence

• Approximately 60 years remain on the lease, with extension terms and costs unknown.

• The £750 pcm rent estimate is for one-bedroom apartments rather than this studio.

• Airbnb or serviced-accommodation use is subject to relevant permissions.

• The property has EPC rating E, but upgrade requirements and costs are unknown.

• A £3,600 buyer administration charge applies, with possible additional legal-pack disbursements and other charges.

• No detailed condition, parking or heating information is supplied.

Recommendation

Do not bid on the available evidence alone. Proceed only after reviewing the legal pack, confirming lease acceptability, obtaining a current studio valuation and validating achievable rent and total costs.

Strategy Rating

Analysis Confidence

The property description, historic same-unit sales, guide and administration charge are supplied, but current valuation, condition, works, studio-specific rent, lease details and total costs are incomplete.