59 East Dulwich Road, East Dulwich, London

Description

Substantial Freehold Mid Terrace Building. Possible potential for conversion/sub-division, subject to consents. Well located for the amenities of East Dulwich.

Accommodation

Ground Floor - Three Rooms, Conservatory, Utility Room, Two WCs, Garage; First Floor - Two Rooms, Kitchen, Bathroom/WC; Second Floor - Two Rooms, Kitchen; Third Floor - Three Rooms. GIA approximately 301 sq m (3,240 sq ft).

Location

The property is situated on the south side of East Dulwich Road, close to its junction with Worlingham Road. A range of local shops and amenities are available along Lordship Lane. Southern rail services run from East Dulwich station, which is a short walk to the north west. The A23 and A20 are both easily accessible and afford access to the M25 motorway to the south. The open spaces of Goose Green are opposite and Peckham Rye Park is easily accessible.

Tenure / Property Information

Investment Analysis

The £1.3m+ guide is the only current pricing evidence. The supplied Land Registry comparable is historic, £14,500 from 1998, and is not a reliable basis for a current valuation. No sufficiently specific rental evidence, GDV evidence, condition report, EPC, or buyer/admin fee schedule is provided. The building offers stated possible conversion/sub-division potential, but this remains subject to consents and cannot be valued without further evidence.

Investment Snapshot

Strategy Recommendation

Do not proceed on the current evidence alone. Obtain a full inspection, current comparable sales, planning and conversion advice, rental evidence, and the Special Conditions before considering a bid.

Works Required

Assess the building's condition and the feasibility of any conversion or sub-division, including required planning and other consents. No specific physical refurbishment scope is evidenced.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

BRRR cannot be underwritten from the evidence provided. GDV, works cost, rent, refinance value, finance costs and buyer/admin charges are unavailable. Any conversion or sub-division strategy remains consent-dependent.

Buy-to-Let Analysis

BTL yield cannot be established because no sufficiently specific rental evidence or auctioneer rent estimate is supplied. The multi-room layout and two kitchens are described, but no unsupported HMO or multi-unit assumption has been made.

Flip Analysis

A flip appraisal cannot be calculated because there is no current GDV evidence, refurbishment budget, or supported selling-cost allowance. The historic 1998 comparable is insufficient for a current resale assessment.

Investor Risks & Due Diligence

• Possible conversion or sub-division is expressly subject to consents.

• No current comparable evidence supports the £1.3m+ guide.

• No sufficiently specific rental evidence is available, so income yield cannot be established.

• No condition or refurbishment assessment is supplied for the approximately 301 sq m building.

• Additional seller or third-party charges may apply under the Special Conditions and addendum.

• The supplied comparable is a 1998 sale and cannot by itself support a current market value.

Recommendation

Do not proceed on the current evidence alone. Obtain a full inspection, current comparable sales, planning and conversion advice, rental evidence, and the Special Conditions before considering a bid.

Strategy Rating

Analysis Confidence

Only the guide price, accommodation description, freehold tenure, vacant possession and a non-comparable 1998 sale are supplied. Current valuation, rent, condition, costs, fees and consent evidence are absent.