45a Lindrop Street, Fulham, London

Description

Vacant leasehold self-contained first floor flat by order of a housing association.

Accommodation

Reception room, two bedrooms, kitchen, bathroom with WC. GIA approximately 62 sq m (667 sq ft), source: EPC.

Location

Located on the north side of Lindrop Street near the junction with Townmead Road. The shops and amenities of Fulham and West Kensington are to the north. Imperial Wharf Overground Station is approximately 0.2 miles north. Talgarth Road (A4) is easily accessible to the north, providing access to the M4 and M25. Imperial Park is within walking distance.

Tenure / Property Information

Investment Analysis

Indicative GDV is based only on supplied leasehold flat sales on Lindrop Street. The evidence is highly variable: £736,000 and £1,050,000 for 19 Lindrop Street in 2025, plus £550,000 for the same address in 2023. A cautious base scenario of £736,000 is used, with £550,000 low and £1,050,000 high scenarios. Comparability is uncertain because the sold property sizes, condition, floor levels and lease terms are not supplied.

Investment Snapshot

Strategy Recommendation

Proceed only after reviewing the legal pack and inspecting the flat. The guide-to-comparable spread supports further investigation, but the uncertain lease, condition, fees and inconsistent comparable evidence make a firm BTL, BRRR or flip bid inappropriate.

Works Required

No specific defects or refurbishment requirements are provided. Allowance cannot be estimated without inspection and the legal pack. Confirm condition, services, lease terms, statutory compliance and any housing-association sale requirements before bidding.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

At the £460,000 guide, 75% of the indicative £736,000 base GDV is £552,000. However, the cash requirement and equity position cannot be calculated because works, buyer costs, administration charges, lease costs and finance costs are not supplied. The lease and legal pack require particular review before relying on refinance potential.

Buy-to-Let Analysis

The only rental evidence is a £2,709 pcm advertised asking rent for a two-bedroom Fulham flat, not an achieved rent. This implies £32,508 annual gross rent and approximately 7.07% gross yield against the £460,000 guide price. True net yield and all-in yield cannot be established because refurbishment, purchase costs, service charges, ground rent, finance and other fees are unknown.

Flip Analysis

The indicative base GDV exceeds the £460,000 guide by £276,000 before works, acquisition costs, finance, selling costs and tax. A reliable flip surplus cannot be calculated because refurbishment requirements and transaction costs are unknown. The wide range in the supplied comparables creates substantial valuation risk.

Investor Risks & Due Diligence

• Lease terms, remaining term, ground rent and service charge are not provided.

• The supplied same-street sale prices vary materially, creating significant GDV uncertainty.

• Property condition and refurbishment requirements are unknown.

• The rent is an advertised asking rent rather than achieved rent.

• Buyer premium, administration charge and other seller or third-party fees are not supplied.

• The legal pack may contain additional obligations or restrictions affecting value, lettability or resale.

Recommendation

Proceed only after reviewing the legal pack and inspecting the flat. The guide-to-comparable spread supports further investigation, but the uncertain lease, condition, fees and inconsistent comparable evidence make a firm BTL, BRRR or flip bid inappropriate.

Strategy Rating

Analysis Confidence

There is useful location-specific sales evidence and one rental asking figure, but comparable property details, lease information, condition, costs, service charges, ground rent and auction fees are missing.