5A, Crown Lane, Streatham, London, SW16 3JD

Description

Long leasehold first floor self-contained flat requiring updating. Full vacant possession.

Accommodation

Studio Room and kitchen, bathroom/WC

Location

Situated on Crown Lane, located off Streatham Common, which is well positioned for the amenities of Streatham, Streatham Common and Norwood Grove. Transport options include local bus routes, rail connections via Streatham or West Norwood Stations, or road links via the A213 and A205 South Circular.

Tenure / Property Information

Investment Analysis

The £95,000 guide is the only current pricing indicator supplied, but it is not a formal valuation. The sole comparable is the same address, sold leasehold for £53,000 in January 2002, making it too historic to support a current GDV without further evidence. No current comparable sales, studio rental evidence or detailed condition assessment has been provided.

Investment Snapshot

Strategy Recommendation

Do not bid on the current evidence alone. Obtain current comparable sales, a realistic studio rent assessment, a refurbishment quotation and the complete lease and special conditions before considering purchase.

Works Required

Update the vacant first-floor self-contained studio flat, including the studio room, kitchen and bathroom/WC, subject to inspection and the legal pack. The evidence does not establish the extent or cost of required works.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

BRRR appraisal cannot be reliably completed because current GDV, refurbishment cost, achievable rent and refinance value are unsupported. The long lease and peppercorn ground rent are potentially relevant, but lease information is still awaited and must be checked in the legal pack.

Buy-to-Let Analysis

BTL appraisal cannot be reliably completed. The only rental evidence is an advertised £1,000 pcm asking rent for a two-bedroom property on Moyser Road, which is not directly comparable to this 34m² studio and is not an achieved rent. No auctioneer rent estimate is supplied.

Flip Analysis

A flip appraisal cannot be supported from the evidence. The historic same-address sale is not a current resale benchmark, while the scope and cost of updating works and any selling allowance are unknown.

Investor Risks & Due Diligence

• The lease information is awaited and requires review in the legal pack.

• Additional seller fees may be payable on completion under the Special Conditions of Sale.

• The extent and cost of updating works are unknown.

• No directly comparable current rental evidence or achieved rent is supplied.

• The only sale comparable is from 2002 and cannot reliably establish current market value.

• Parking and heating details require confirmation from the auction centre.

Recommendation

Do not bid on the current evidence alone. Obtain current comparable sales, a realistic studio rent assessment, a refurbishment quotation and the complete lease and special conditions before considering purchase.

Strategy Rating

Analysis Confidence

Evidence is limited to the guide price, one 2002 comparable, non-comparable advertised rent and a high-level description. Current GDV, rent, works cost, lease details and seller fees are not established.