42 Bayston Road, Stoke Newington, London, N16 7LT

Description

A Vacant Freehold Four Bedroom Mid Terrace House. Offered with Planning Permission for a Rear Loft Extension to Create an Additional Bedroom. Potential for Conversion to an HMO (Subject to Obtaining all Relevant Consents). The property comprises a four bedroom mid terrace house arranged over lower ground, ground and first floors.

Accommodation

Lower Ground Floor: Cellar; Storage Space. Ground Floor: Reception Room; Kitchen; Bedroom. First Floor: Three Bedrooms; Bathroom. Exterior: Rear garden. Proposed Accommodation: Lower Ground Floor: Cellar; Storage Space. Ground Floor: Reception Room; Kitchen; Bedroom. First Floor: Three Bedrooms; Bathroom. Second Floor: Bedroom with En-Suite.

Location

The property is situated on a residential road close to local shops and amenities. The open spaces of Stoke Newington Common are within easy reach. Transport links are provided by Hackney Downs rail station.

Tenure / Property Information

Investment Analysis

Recent same-road freehold terraced sales range from £1,215,000 to £1,600,000. A precise valuation is limited because floor area, condition, specification and the permitted extension’s details are not supplied. An indicative base GDV of £1,300,000 is used, with low/high scenarios anchored to the supplied comparable range.

Investment Snapshot

Strategy Recommendation

Investigate as a potential value-add resale, subject to full inspection, planning verification, legal-pack review and a complete works and selling-cost budget. Do not rely on HMO or rental assumptions without evidence and consents.

Works Required

Assess and, if viable, implement the permitted rear loft extension to create the additional bedroom and en-suite. Any other refurbishment, compliance or finishing works require inspection and legal/planning review.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

The indicative base GDV is £1,300,000 and 75% of this is £975,000. Refurbishment, finance, tax and other completion costs are unknown, so total project cost and cash required cannot be calculated.

Buy-to-Let Analysis

No sufficiently specific rental evidence or auctioneer rent estimate is supplied, so rent and gross yield cannot be established. The potential HMO use is expressly subject to obtaining all relevant consents.

Flip Analysis

The guide is £800,000 plus a known £1,800 administration fee, with possible additional legal-pack and special-condition charges. Same-road sales indicate potential value above the guide, but works, selling costs and property-specific differences are unknown; flip surplus cannot be calculated reliably.

Investor Risks & Due Diligence

• Unknown condition and refurbishment cost

• Planning permission and permitted extension details require verification

• Potential HMO conversion is subject to obtaining all relevant consents

• Additional legal-pack, seller-cost, search or transfer charges may apply

• No reliable rental evidence is supplied

• Comparable properties may differ materially in size, condition and specification

Recommendation

Investigate as a potential value-add resale, subject to full inspection, planning verification, legal-pack review and a complete works and selling-cost budget. Do not rely on HMO or rental assumptions without evidence and consents.

Strategy Rating

Analysis Confidence

Several relevant same-road completed sales are supplied, but there is no floor area, condition survey, detailed planning information, rental evidence, works budget or full fee schedule.