545 Oldfield Lane North, Sudbury Hill, Greenford, Middx UB6 0EP

Description

2 Bed Maisonette - Gross Yield 9.1% In the same ownership for over 25 years 6 Week Completion Forming part of a semi-detached property comprising a purpose-built Self-Contained 2 Bed Maisonette at first floor level. The property benefits from: Gas central Heating uPVC Double Glazing Private rear Garden area Tenure: Leasehold for a term of 125 years from 25th December 2000 (thus having approx. 99¼ years unexpired) at a fixed ground rent of £100 p.a. Tenancy: The property is let on a Periodic Tenancy (formerly an AST) to 2 Individuals at a current rent of £11,400 per annum exclusive (£950 pcm).

Accommodation

First Floor Maisonette Bedroom 1 12'8' × 9'5" Bedroom 2 9'8" × 5'11" Living Room 14'5" × 10'1" Kitchen 7'10" × 5'2" Bathroom/WC 6'2" × 5'2" GIA Approx. 459 sq ft

Location

Located close to the junction of Horsenden Lane North at its intersection with Greenford Road in this popular mixed residential & commercial area only a short walk from Sudbury Hill Harrow Station (Overground & Piccadilly Line) and close to the large recreational space within Horsenden Hill. Sudbury Hill is located between Greenford and Harrow, with good road links to the A40 Western Avenue and the A406 North Circular Road, approx.10 miles north-west of Central London.

Auctioneer Source Facts

Investment Analysis

Investment Snapshot

Strategy Recommendation

Initial strategy: Commercial Investment. Verify the legal pack, tenancy schedule, title, condition, finance and local market evidence before fixing a maximum bid.

Works Required

Obtain a survey and contractor quotations. Allow for services, compliance, repairs, decoration and any structural, roofing, fit-out, common-parts or development works identified.

Rental & Market Context

Where the auctioneer publishes passing rent, that figure should take priority over HB modelling. Otherwise, HB income/value figures are indicative appraisal ranges and require local verification.

Sold within approximately 5 miles

Check recent HM Land Registry transactions and closely matched commercial or residential comparables for tenure, covenant, size, condition and location.

Potential BRRR Position

Refinance potential depends on lender valuation, lease/title, income covenant, completed condition and stress testing. Commercial and mixed-use assets may require specialist finance.

Flip Analysis

Any resale margin must include SDLT, auction/legal fees, finance, holding costs, professional fees, contingency, selling costs and tax.

Investor Risks & Due Diligence

• Read the complete legal pack and special conditions

• Verify tenure, occupational leases and rent schedule

• Inspect condition and obtain contractor quotations

• Confirm planning/use class and development constraints

• Confirm finance, VAT and insurance position

• Allow for Barnett Ross administration fee and any seller costs in the legal pack

Recommendation

Proceed only where verified total project cost and income support the intended commercial investment strategy with adequate contingency and margin.

Strategy Rating

Commercial Income: ★★★★☆ | Development: ★★★☆☆ | Resale: ★★★☆☆