63 Cathcart Road, Chelsea, London

Description

Lower ground floor self-contained flat with private gated access, rear garden and covered winter garden, located on a tree-lined residential street in Chelsea. By order of LPA Receivers.

Accommodation

Reception/dining room, kitchen, two bedrooms, shower room, WC, winter garden and utility room; GIA 95 sqm (1,023 sq ft), source: EPC

Location

Located on the south side of Cathcart Road at the junction with Finborough Road. Shops, cafes, restaurants and bars are available along The Fulham Road and King's Road. West Brompton Railway Station is approximately 0.5 miles north west. The A4 is accessible to the north, with connections to the M4, M25 and Heathrow Airport. Coleridge Square and Battersea Park are within easy reach. Chelsea and Westminster Hospital is within walking distance.

Tenure / Property Information

Investment Analysis

The strongest supplied comparable is 59 Cathcart Road at £723,500, completed 30 June 2026. Other supplied flat/maisonette comparables include 57E Cathcart Road at £790,000 and 53 Cathcart Road at £978,500, but their dates, sizes and specifications differ and no condition details are provided. A provisional base GDV of £790,000 is used, with a low scenario of £723,500 and high scenario of £978,500. This is indicative only and not a formal valuation.

Investment Snapshot

Strategy Recommendation

Proceed only subject to legal, lease, survey and financial due diligence. The conservative BTL case produces approximately 4.91% gross yield at the guide, while a potential flip or BRRR outcome depends on unquantified works, costs and leaseability. Do not set a maximum bid without the special conditions, full costs and condition assessment.

Works Required

No specific defects or refurbishment requirements are evidenced. Obtain a full survey and inspect the kitchen, bathrooms, winter garden, utility room, rear garden, private access and building/common parts before budgeting works. Any works allowance remains unsupported.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

At the £550,000 guide, 75% of the provisional £790,000 base GDV is £592,500. However, refurbishment costs, purchase costs, finance costs and lease-related costs are unavailable, so total capital required and cash left in after refinance cannot be calculated. The approximately 80-year lease term and £150 annual ground rent require legal and lender review.

Buy-to-Let Analysis

The supplied asking-rent evidence ranges from £2,253 pcm to £3,300 pcm. Using the conservative £2,253 pcm figure gives annual rent of £27,036 and gross yield of approximately 4.91% against the £550,000 guide. The higher asking-rent evidence implies approximately 7.20% against the guide. Net yield cannot be established because finance, service charge, insurance, maintenance, voids, letting costs, tax and acquisition costs are not supplied.

Flip Analysis

The provisional base GDV is £790,000 against a £550,000 guide, but no works budget, buyer/admin charges, finance costs, selling costs or supported selling allowance are supplied. A reliable flip surplus and maximum bid therefore cannot be calculated. The comparable evidence is limited because size, condition and specification are not provided.

Investor Risks & Due Diligence

• Approximately 80 years remain on the lease, creating lease-extension and lender-acceptability risk.

• The current ground rent is £150 per annum; full lease terms, review provisions and other lease costs are not supplied.

• The property is vacant and no achieved rent or passing tenancy is evidenced.

• Rental figures are advertised asking rents rather than achieved rents.

• No EPC rating, council tax, parking, heating or service-charge information is supplied.

• Seller or third-party additional charges may apply, but the special conditions and addendum have not been provided.

• The comparable sales have differing dates, sizes and specifications, so the provisional GDV may not reflect this flat's actual condition or value.

Recommendation

Proceed only subject to legal, lease, survey and financial due diligence. The conservative BTL case produces approximately 4.91% gross yield at the guide, while a potential flip or BRRR outcome depends on unquantified works, costs and leaseability. Do not set a maximum bid without the special conditions, full costs and condition assessment.

Strategy Rating

Analysis Confidence

There is a recent same-road completed sale, additional completed comparables, guide price and rental asking evidence, but property-specific comparable details, condition, service charges, acquisition costs, finance assumptions and seller fees are missing.