6 Ruskin Walk, Bromley, Kent, BR2 8EP

Description

A Vacant Three Bedroom End of Terrace House in Need of Modernisation. The property comprises a three bedroom end of terrace house arranged over ground and first floors.

Accommodation

Ground Floor: Two Reception Rooms, Kitchen. First Floor: Three Bedrooms, Bathroom. Exterior: Rear garden.

Location

Situated on a residential road close to local shops and amenities. The open spaces of Parkfield Recreation Ground are within easy reach. Transport links are provided by Bickley rail station.

Tenure / Property Information

Investment Analysis

Same-street freehold terraced sales range from £465,000 to £665,000. The two latest sales were £465,000 and £480,000 in 2025. Because bedroom count, condition and specification of the comparables are not supplied, a cautious base GDV of £480,000 is used, with £465,000 low and £575,000 high scenarios. The property requires modernisation, but no works scope or cost evidence is provided.

Investment Snapshot

Strategy Recommendation

Proceed only subject to legal-pack review, inspection and a fully costed modernisation plan. Do not bid above a separately calculated maximum after allowing for unknown works and fees.

Works Required

Modernisation of the vacant three-bedroom house, including the kitchen, bathroom and general accommodation as required. The evidence does not specify defects, scope or cost, so no refurbishment allowance is assumed.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

At the £325,000 guide, the indicative 75% refinance of the £480,000 base GDV would be £360,000. However, refurbishment costs, buyer costs beyond the £1,800 administration charge, finance costs and the resulting total project cost are unknown, so cash recycling and viability cannot be confirmed.

Buy-to-Let Analysis

BTL yield cannot be established because no sufficiently specific rental evidence or auctioneer rent estimate is provided. Total acquisition and modernisation costs are also unknown.

Flip Analysis

A base GDV of £480,000 is supported cautiously by the latest same-street sales, but no refurbishment budget, selling allowance or complete acquisition-cost schedule is available. Flip surplus therefore cannot be calculated reliably.

Investor Risks & Due Diligence

• Unknown modernisation scope and cost

• No reliable rental evidence, preventing yield assessment

• Comparable sales lack supplied bedroom and condition details

• Additional legal-pack disbursements and special-condition costs may apply

• Vacant property condition requires verification by inspection

Recommendation

Proceed only subject to legal-pack review, inspection and a fully costed modernisation plan. Do not bid above a separately calculated maximum after allowing for unknown works and fees.

Strategy Rating

Analysis Confidence

There are several same-street completed sales and a stated guide price, but comparable bedroom/condition details, rent, refurbishment costs, EPC, property charges and full buyer costs are unavailable.