61A, Elms Crescent, Clapham, London, SW4 8QF

Description

Long leasehold self-contained garden flat (with basement) requiring updating. By order of a major housing association.

Accommodation

Approximate total 67m2 / 716 sq ft. Ground Floor: entrance hall, one bedroom, reception room, kitchen, bathroom/WC. Lower Ground Floor: basement storage. Outside: rear gardens.

Location

Located on Elms Crescent, well positioned for the amenities of Clapham Common, vibrant Brixton, Battersea and Wandsworth. Transport options include local bus routes, road links via the A23 and A205 or rail options at Clapham Common or South London Underground Stations.

Tenure / Property Information

Investment Analysis

The supplied comparables on Elms Crescent range from £532,500 to £850,000, but their accommodation, floor area, condition, lease terms and other relevant attributes are not provided. They therefore do not support a reliable valuation for this 67m² one-bedroom flat with basement. No evidence-supported base, low or high GDV can be established. The £295,000 guide is not a valuation.

Investment Snapshot

Strategy Recommendation

Do not bid on the supplied evidence alone. First obtain the new-lease terms, service charge and ground-rent information, inspect the property, establish refurbishment costs and obtain reliable rent and comparable-sale evidence.

Works Required

Update the flat as supported by the description. The scope and cost are unknown; no specific defects or installations should be assumed. Obtain a full inspection and clarify the basement and garden condition.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

BRRR analysis is not supportable from the evidence. GDV, refurbishment cost, rent, lease details, service charge and ground rent are unavailable, so refinance proceeds and retained equity cannot be calculated.

Buy-to-Let Analysis

A BTL appraisal cannot be established because no sufficiently specific rental evidence or auctioneer rent estimate is supplied. Gross yield, operating costs and likely cash flow are therefore unsupported.

Flip Analysis

A flip appraisal cannot be established. Although local completed sales are supplied, their specifications and comparability are unknown, while refurbishment costs and selling allowances are not provided. Any projected surplus would be speculative.

Investor Risks & Due Diligence

• Lease information is awaited, including term details, service charge, ground rent and review provisions.

• The refurbishment scope and cost are not supplied beyond the statement that the flat requires updating.

• No sufficiently specific rental comparable or auctioneer rent estimate is available.

• The supplied completed-sale comparables lack accommodation, condition and lease detail, limiting their valuation usefulness.

• Parking and heating information is unavailable.

• The seller may charge additional completion fees under the Special Conditions of Sale.

Recommendation

Do not bid on the supplied evidence alone. First obtain the new-lease terms, service charge and ground-rent information, inspect the property, establish refurbishment costs and obtain reliable rent and comparable-sale evidence.

Strategy Rating

Analysis Confidence

The property description and guide price are supplied, but lease liabilities, condition costs, rental evidence, comparable specifications and potential seller fees are insufficient for reliable financial modelling.