53 Gareth Grove, Bromley, Kent, BR1 5EG

Description

Freehold mid terrace house arranged over ground and first floors. By order of the Fixed Charge Receivers.

Accommodation

First floor: Three bedrooms, bathroom/WC. Ground floor: Two reception rooms, kitchen, hall. Outside: Front and rear garden. Gross Internal Area GIA: Approximately 74 sq m (800 sq ft).

Location

Situated on Gareth Grove between its junctions with Ivorydown and Geraint Road. Public transport links include Grove Park Mainline Rail Station and local bus services. Road links include the A21 and South Circular Road (A205). Local shopping is available within Grove Park, with further shops, bars and restaurants in Bromley Town Centre. Recreational spaces include Downham Fields and Chinbrook Meadows.

Tenure / Property Information

Investment Analysis

The closest supplied evidence is 67 Gareth Grove, which sold for £410,000 in March 2025. Other same-street sales range from £366,000 to £480,000, but dates, sizes, condition and specification are not provided. A cautious base GDV of £410,000 is used, with £366,000 low and £480,000 high scenarios. This is an evidence-based estimate, not a formal valuation.

Investment Snapshot

Strategy Recommendation

Do not bid on the current evidence alone. First verify the tenancy and possession position, inspect the property, review the Special Conditions for seller fees, and obtain reliable local rental and cost evidence.

Works Required

No specific defects or required works are evidenced. Obtain a full inspection and confirm heating, parking, occupation and condition before budgeting works.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

Using the £410,000 base GDV, 75% refinance is approximately £307,500. Cash left in cannot be calculated because refurbishment costs, full acquisition costs, seller fees and finance costs are not supplied. Occupation and possession uncertainty also require resolution.

Buy-to-Let Analysis

BTL viability cannot be established. The only supplied rental listing is an advertised £995 pcm for a property in Hampton Grove, Ormeau, BT7, which is not a sufficiently comparable local Bromley rent. The property is believed let, but tenancy terms, passing rent and vacant possession are unverified.

Flip Analysis

A possible gross value range is £366,000 to £480,000, with £410,000 as the base GDV. Flip surplus cannot be calculated because condition, refurbishment costs, seller fees, finance costs and selling costs are not evidenced.

Investor Risks & Due Diligence

• The property is only believed to be let and vacant possession around 19 November 2026 is unverified.

• Passing rent, tenancy terms and any arrears are not supplied.

• No reliable comparable Bromley rental evidence is supplied.

• Property condition and refurbishment requirements are unknown.

• Seller may charge additional completion fees under the Special Conditions of Sale.

• Parking and heating details are not supplied.

• Comparable sale sizes, condition and specifications are not provided.

Recommendation

Do not bid on the current evidence alone. First verify the tenancy and possession position, inspect the property, review the Special Conditions for seller fees, and obtain reliable local rental and cost evidence.

Strategy Rating

Analysis Confidence

Same-street sold evidence supports a broad GDV range, but condition, size comparability, rent, tenancy terms, refurbishment costs, seller fees and vacant possession remain unverified.