50 Highclere Street, London, SE26 4EU

Description

Register - auctionhouse.co.uk/southyorkshire FOR SALE VIA NATIONAL ONLINE AUCTION. BIDDING OPENS ON MONDAY 7TH SEPTEMBER AT 1PM AND CLOSES TUESDAY 8TH SEPTEMBER FROM 1PM. REGISTER TO BID! Aucton House would like to present this basement area of this two floor building with the ground and upper floors arranged as flats. Whilst a purchaser will require requisite planning consents and building regulations the property is sold with the benefit of freeholders consent to carry out works including excavation to create a new self-contained flat with separate entrance. The property is situated on a residential road within walking distance of the shops and restaurants located on Sydenham Road. The open spaces of Meadow Park are within easy reach. Transport links are provided by Sydenham rail and overground stations. Accommodation Tenure: Held on a lease for a term of 125 years from 25/03/201 Tenure: Leasehold

Accommodation

A full room schedule was not reliably extracted from the supplied scrape. Confirm accommodation and floor areas from the auctioneer particulars and inspection.

Location

Located in 50 Highclere Street, London. Investor due diligence should test local transport, employment, amenities and tenant demand at the exact micro-location. Cross-check the postcode and legal title before bidding.

Investment Analysis

The figures below separate auctioneer/source facts from HB indicative estimates. HB figures are screening assumptions only and are not a RICS valuation, contractor quotation or lending decision.

Investment Snapshot

Strategy Recommendation

The initial strategy should be tested against condition, legal structure, works, rental evidence and comparable values before setting a maximum bid. The screening case depends on achieving a sufficient margin or sustainable income after all acquisition and holding costs.

Works Required

• Review complete building/property condition

• Electrical and heating inspection

• Allow for decoration and repairs where required

• Review service charge and major-works liabilities

Rental & Market Context

HB screening rent is approximately £400–£500 pcm (£4,800–£6,000 pa). Replace this with current local letting evidence. No reliable current rent was extracted from the supplied source.

Sold within approximately 5 miles

Reliable sold-property comparables were not collected from the supplied scrape. Check recent Land Registry evidence and closely comparable sold listings within approximately five miles, prioritising the same property type, size, tenure and condition.

Potential BRRR Position

Illustrative 75% refinance on the HB indicative value range is about £48,750–£56,250 against purchase + works of approximately £65,000–£72,000. Actual refinance depends on valuation, works, finance costs, rental stress testing and lender criteria.

Flip Analysis

The initial gross value spread is approximately £-7,000–£10,000 before acquisition/disposal costs. This is not profit and excludes SDLT, auction/admin fees, legal costs, finance, holding costs, insurance, utilities, professional fees, selling fees, contingency and tax.

Investor Risks & Due Diligence

• Review legal pack, title and special conditions

• Confirm auction fees and completion period

• Obtain survey and works quotations

• Verify finance before bidding

• Check rental and sold comparable evidence

• Confirm lease term, ground rent, service charge and major works

Recommendation

Initial recommendation: Buy-to-Let. Proceed only if the legal pack, condition, costs and local evidence support the required margin/yield. Treat the guide as a starting point rather than a valuation and set a disciplined maximum bid after due diligence.

Strategy Rating

• Buy-to-Let: ★★★★☆

• BRRR: ★★★☆☆

• Flip: ★★★☆☆