41B Ruskin Road, Belvedere

Description

A wonderful opportunity to acquire this unique first floor studio apartment, offering a wealth of potential for a variety of purchasers. The property is such that it would suit a potentially use as an AirBNB/Serviced accommodation investment opportunity (stp), with the residential letting market having 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

Current GDV cannot be reliably established. The only same-address sales are £75,000 and £80,000 from 2015; the £175,000 2025 sale is for 41 Ruskin Road, not specifically 41B. The short lease and studio configuration further limit direct comparability.

Investment Snapshot

Strategy Recommendation

Proceed only after legal-pack review and confirmation of lease, mortgageability, permissions and achievable studio rent. Do not rely on the stated yield or Airbnb potential without verification.

Works Required

No specific physical defects or works are evidenced. Review the EPC E rating, condition, lease and legal pack before budgeting works.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

A BRRR assessment is not supportable because current GDV and refurbishment costs are not evidenced. Refinance proceeds cannot be calculated reliably; the short lease may also restrict lending and valuation.

Buy-to-Let Analysis

The auctioneer estimates £750 pcm, but this is based on one-bedroom apartments rather than a specific studio rental comparable. The indicative yield is 90% on the £10,000 guide or 66.18% including the known £3,600 admin charge, before other costs. The approximately 59-year lease remaining and EPC E are material concerns.

Flip Analysis

A flip surplus cannot be established. The direct 41B comparables are from 2015, while the 2025 £175,000 sale relates to 41 Ruskin Road rather than 41B. Selling costs and any works are also unknown.

Investor Risks & Due Diligence

• Approximately 59 years remain on the lease based on the stated term and start date.

• The £750 pcm rent estimate is based on one-bedroom apartments, not a specific studio comparable.

• EPC rating is E.

• Airbnb or serviced-accommodation use is stated as subject to permission, with planning, lease and other consents unconfirmed.

• Disbursements and other purchaser costs are not quantified.

• Current market value cannot be reliably inferred from the supplied comparables.

Recommendation

Proceed only after legal-pack review and confirmation of lease, mortgageability, permissions and achievable studio rent. Do not rely on the stated yield or Airbnb potential without verification.

Strategy Rating

Analysis Confidence

Property details and direct historic sales are available, but there is no current like-for-like valuation, specific studio rent evidence, refurbishment budget, occupancy information or complete fee schedule.