44-46 Tamworth Road, Croydon, Greater London

Description

Planning permission granted for demolition of existing buildings and erection of a four storey building comprising ground floor commercial floorspace (Class E) and nine flats with associated amenity space, cycle and refuse storage. The works for demolition of the existing buildings have been undertaken.

Accommodation

Once developed, the property will comprise a ground floor commercial unit (Class E), two 3-bedroom flats, four 2-bedroom flats and three 1-bedroom flats. Site area approximately 0.03 hectares (0.074 acres).

Location

Situated on the west side of Tamworth Road, close to its junction with Cairo New Road. Extensive shops and amenities, including Centrale Shopping Centre, are close by. West Croydon station provides services to London Victoria, London Bridge and Epsom stations. Roman Way (A236) is to the west, the Croydon Flyover is to the south, Wandle Park is close by and Croydon University Hospital is to the north.

Tenure / Property Information

Investment Analysis

No guide price, buyer premium, admin charge, build-cost evidence, GDV evidence or rental evidence is supplied. The recorded comparables are not sufficiently specific for valuing this permitted mixed-use development: they include different property descriptions and materially varying prices, with no verified floor areas or development comparability. A supported GDV, maximum bid and investment yield cannot therefore be established.

Strategy Recommendation

Do not commit to a bid based on the supplied evidence alone. Obtain and verify the planning documents, remaining demolition and construction scope, build-cost plan, completed mixed-use GDV, commercial and residential market evidence, funding costs and all buyer or seller charges before considering a development or resale strategy.

Works Required

Demolition of the existing buildings has been undertaken. The remaining permitted scheme comprises construction of a four-storey building with ground-floor Class E commercial space, two 3-bedroom flats, four 2-bedroom flats and three 1-bedroom flats, together with associated amenity space, cycle storage and refuse storage. No construction specification, cost plan or programme is supplied.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

BRRR analysis is not supportable without a purchase price, detailed remaining build costs, completed-value evidence, expected rents, finance costs and acquisition or other applicable charges. The granted planning permission and completed demolition indicate a development opportunity, but do not establish viability or refinance value.

Buy-to-Let Analysis

A BTL assessment cannot be completed because no sufficiently specific rental comparables or auctioneer rent estimate is supplied. The scheme also includes a commercial unit, so residential-only rent assumptions would not represent the whole completed asset.

Flip Analysis

A flip assessment cannot be quantified. There is no guide price, build-cost estimate, professional GDV evidence or supported selling allowance. The supplied sales are insufficiently comparable and inconsistent in recorded value for this development scheme.

Investor Risks & Due Diligence

• No guide price, buyer premium or admin charge is supplied.

• Remaining construction costs and project scope are unknown.

• No supported GDV or sufficiently specific completed-unit sales evidence is supplied.

• No sufficiently specific rental evidence is supplied for either the flats or the Class E commercial unit.

• Additional seller or third-party charges may apply but are unspecified.

• The supplied comparable sales have inconsistent descriptions and prices and cannot be relied upon alone for development valuation.

Recommendation

Do not commit to a bid based on the supplied evidence alone. Obtain and verify the planning documents, remaining demolition and construction scope, build-cost plan, completed mixed-use GDV, commercial and residential market evidence, funding costs and all buyer or seller charges before considering a development or resale strategy.

Strategy Rating

Analysis Confidence

Planning description, tenure, vacancy, accommodation and limited nearby sales are supplied, but all core financial inputs—guide price, fees, build costs, GDV, rents and selling costs—are absent or insufficiently comparable.