62 Crowther Road, South Norwood, London, SE25 5QP

Description

A Three Bedroom Semi Detached House in of Refurbishment and Structural Repair. The property shows significant structural movement and buyers must rely on their own enquiries in this matter.

Accommodation

Ground Floor: Reception Room; Kitchen/Diner. First Floor: Three Bedrooms; Bathroom; Separate WC. Second Floor: Loft Room. Exterior: Rear garden.

Location

The property is situated on a residential road close to local shops and amenities. The open spaces of South Norwood Recreation Ground are within easy reach. Transport links are provided by Norwood Junction overground station and rail station.

Tenure / Property Information

Investment Analysis

The only directly relevant completed sale supplied is 74 Crowther Road, a freehold semi-detached house, sold for £590,000 on 16 May 2019. This provides a reference point only: the sale is dated, property size/specification are not supplied, and 62 Crowther Road has significant structural movement requiring repair. No reliable current valuation or condition-adjusted range can therefore be established.

Investment Snapshot

Strategy Recommendation

Do not bid on the current evidence alone. Proceed only after independent structural advice, a fully costed scope of works and legal-pack review establish that the guide price leaves adequate contingency and margin.

Works Required

Obtain specialist structural investigation and costed repair recommendations. Any remedial structural works, associated rebuilding or making-good, and general refurbishment should be specified only after inspection. Review the legal pack, surveys and required searches before bidding.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

A 75% refinance against the illustrative £590,000 base GDV would be £442,500, but this is not a formal valuation and may not be achievable, particularly before satisfactory structural remediation. Total project cost cannot be calculated because refurbishment costs, purchase price and disbursements are unknown.

Buy-to-Let Analysis

BTL analysis cannot be established because no sufficiently specific rental evidence or auctioneer rent estimate is supplied. Structural movement and unknown repair costs also prevent a reliable net-return assessment.

Flip Analysis

A same-road 2019 sale at £590,000 provides only an indicative resale reference. Flip profitability cannot be calculated because structural repair costs, acquisition costs, disbursements and selling costs are not supplied. The dated single comparable is insufficient to validate a current GDV.

Investor Risks & Due Diligence

• Significant structural movement is expressly reported and the required repair scope is unknown.

• Refurbishment and structural repair costs cannot be estimated from the supplied evidence.

• The sole relevant comparable is a 2019 sale and may not reflect current market value or this property's condition.

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

• Buyer premium is unspecified and additional disbursements may be payable under the legal pack.

• The £590,000 GDV reference is not a formal valuation and may not be accepted by a lender after remediation.

Recommendation

Do not bid on the current evidence alone. Proceed only after independent structural advice, a fully costed scope of works and legal-pack review establish that the guide price leaves adequate contingency and margin.

Strategy Rating

Analysis Confidence

One relevant completed sale is available, but it is from 2019. There is no structural survey, repair estimate, rental evidence, current comparable evidence, EPC, or complete cost information.