59 Telford Road, Bexley, London, SE9 3RE

Description

A Vacant Seven Room Semi Detached House in Need of Modernisation. The property comprises a seven room semi detached house arranged over ground and first floors.

Accommodation

Ground Floor: Five Rooms, Bathroom, Separate WC. First Floor: Two Rooms.

Location

The property is situated on a residential road close to local shops and amenities. The open spaces of Old Farm Park are within easy reach. Transport links are provided by New Eltham rail station.

Tenure / Property Information

Investment Analysis

The five supplied same-road freehold semi-detached sales range from £577,000 to £705,000, including £650,000 in November 2024. A base GDV of £650,000 is used only as an evidence-based estimate. The subject requires modernisation and its exact floor area, bedroom configuration and condition are not evidenced, so the valuation range is indicative rather than formal.

Investment Snapshot

Strategy Recommendation

Do not rely on BTL or BRRR assumptions. Consider only after a detailed survey, verified room/area configuration, legal-pack review and independently costed modernisation works.

Works Required

Modernisation of the seven-room accommodation, including the kitchen, bathroom, separate WC, decoration and finishes, subject to survey and legal-pack review. No specific defects or scope are evidenced.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

At the indicative £650,000 GDV, 75% refinance is approximately £487,500. BRRR viability cannot be assessed because refurbishment costs, rent, finance costs and total acquisition costs are unavailable.

Buy-to-Let Analysis

BTL viability cannot be established because no sufficiently specific rental evidence, rent estimate, refurbishment cost or full acquisition-cost data is supplied.

Flip Analysis

The supplied sales indicate a possible resale value range of £577,000–£705,000, with a £650,000 base estimate. Flip surplus cannot be calculated without refurbishment costs, legal/auction costs and selling allowances.

Investor Risks & Due Diligence

• Modernisation scope and cost are not evidenced.

• No sufficiently specific rental evidence is available.

• Exact floor area and bedroom configuration require verification.

• Buyer fees, special-condition disbursements and other acquisition costs are not quantified.

• Comparable sales may differ in size, layout and condition.

Recommendation

Do not rely on BTL or BRRR assumptions. Consider only after a detailed survey, verified room/area configuration, legal-pack review and independently costed modernisation works.

Strategy Rating

Analysis Confidence

Same-road completed sales are available, but exact floor area, condition, rental evidence, refurbishment costs, EPC and several purchase costs are missing.