69 Jersey Road, Rainham, Havering, RM13 7DT

Description

A Vacant Three Bedroom Mid Terrace House

Accommodation

Ground Floor: Through Reception Room; Kitchen. First Floor: Three Bedrooms; Bathroom.

Location

The property is situated on a residential road close to local shops and amenities. The open spaces of Hornchurch Country Park are within easy reach. Transport links are provided by Elm Park underground station (District line) and Dagenham Dock rail station.

Tenure / Property Information

Investment Analysis

Recent same-road freehold terraced sales at 46 and 55 Jersey Road completed at £480,000 each. Older same-road evidence ranges from £350,000 to £590,000, with £430,000 achieved in November 2023. Given the subject is also a freehold terraced house but its floor area, condition and comparable bedroom details are not supplied, £480,000 is used as a cautious base GDV, with £430,000–£590,000 as an evidence-supported broad scenario range. This is an estimate, not a formal valuation.

Investment Snapshot

Strategy Recommendation

Potential value-add or flip opportunity subject to survey, legal-pack review and confirmation that the condition supports the same-road GDV evidence. Do not rely on the apparent discount without quantifying works and all auction costs.

Works Required

No specific defects or required works are evidenced. The property is vacant and has an EPC rating of E; a survey and legal-pack review are required before quantifying refurbishment or energy-improvement works.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

At the base GDV, 75% refinancing is £360,000. However, refurbishment costs, rent, finance costs and total acquisition costs are not sufficiently evidenced, so cash left in and BRRR viability cannot be calculated reliably.

Buy-to-Let Analysis

BTL viability cannot be established because no sufficiently specific rental comparable or auctioneer rent estimate is supplied. The property is vacant, so there is no passing rent to assess.

Flip Analysis

The guide price of £250,000 plus the known £1,800 administration charge is materially below the £480,000 recent same-road sales evidence. However, refurbishment requirements, acquisition disbursements, selling costs and condition are unknown, so a reliable flip surplus cannot be calculated.

Investor Risks & Due Diligence

• Subject condition and required works are not evidenced.

• No sufficiently specific rental evidence is available.

• Additional disbursements and special-condition charges may be payable.

• Comparable sale bedroom sizes, floor areas and internal condition are not supplied.

• EPC rating is E and potential improvement requirements are unquantified.

Recommendation

Potential value-add or flip opportunity subject to survey, legal-pack review and confirmation that the condition supports the same-road GDV evidence. Do not rely on the apparent discount without quantifying works and all auction costs.

Strategy Rating

Analysis Confidence

There is useful same-road completed-sale evidence and a known guide price, but no floor area, comparable bedroom detail, condition assessment, rental evidence, refurbishment budget or complete auction-cost schedule.