68 Charteris Road, Kilburn, London, NW6 7EX

Description

A Mid Terrace Building Arranged to Provide a Ground Floor Flat (Sold off on a Long Lease) and a Vacant First Floor One Bedroom Flat

Accommodation

Ground Floor: Flat - Not Inspected. First Floor: Reception Room, Kitchen, Bedroom, Bathroom.

Location

The property is situated on a residential road close to local shops and amenities. The open spaces of Queens Park are within easy reach. Transport links are provided by Kilburn Park underground station (Bakerloo line), West Hampstead overground station and rail station.

Tenure / Property Information

Investment Analysis

The supplied comparables are whole freehold terraced houses sold between £1,100,000 and £1,440,000, whereas this property comprises a ground-floor flat sold off on a long lease and a vacant first-floor one-bedroom flat. They are not sufficiently comparable to support a subject-specific GDV. The ground-floor flat was not inspected, and lease, condition and legal details are not supplied.

Investment Snapshot

Strategy Recommendation

Do not bid on the current evidence. Obtain and review the legal pack, ground-floor lease terms, inspection details and a valuation specifically for the vacant first-floor flat and retained freehold before considering the purchase.

Works Required

No specific refurbishment works can be supported from the evidence. The first-floor flat should be inspected and the ground-floor long lease, building condition and any shared repair obligations reviewed before estimating works.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

BRRR cannot be underwritten from the evidence. There is no supported subject GDV, rent, refurbishment allowance or refinance valuation. The long lease sale of the ground-floor flat and the vacant first-floor accommodation require detailed legal, inspection and valuation review.

Buy-to-Let Analysis

A BTL yield cannot be established. The only rental evidence is an advertised £300 pcm for a two-bedroom property in Holmdale Road, which is not stated to relate to this vacant one-bedroom flat and is not an achieved rent. No reliable subject rent, operating costs or refurbishment cost is supplied.

Flip Analysis

A flip surplus cannot be calculated. The supplied sales are whole freehold terraced-house comparables and do not establish the resale value of this split freehold/leasehold arrangement. Works, selling costs and a subject-specific GDV are also unavailable.

Investor Risks & Due Diligence

• Ground-floor flat was not inspected.

• Ground-floor flat has been sold off on a long lease, with lease terms and retained freehold obligations not supplied.

• First-floor flat is vacant and its condition is not established beyond the accommodation description.

• No reliable subject-specific rental evidence is supplied.

• Known buyer costs are incomplete; further legal-pack disbursements may apply.

• The supplied whole-house sales are not directly comparable to the split freehold/leasehold arrangement.

• No EPC, council tax, parking or heating information is supplied.

Recommendation

Do not bid on the current evidence. Obtain and review the legal pack, ground-floor lease terms, inspection details and a valuation specifically for the vacant first-floor flat and retained freehold before considering the purchase.

Strategy Rating

Analysis Confidence

Key valuation, condition, lease, rental, EPC, council tax and operating-cost information is missing; the available sales and rental evidence are not sufficiently comparable to the subject.