69 Woodstock Way, Mitcham, Surrey, CR4 1BF

Description

A Vacant Ground Floor Two Bedroom Maisonette in Need of Modernisation. The property comprises a ground floor two bedroom maisonette situated within an end of terrace building arranged over ground and first floors.

Accommodation

Ground Floor: Reception Room, Kitchen, Two Bedrooms, Bathroom. Exterior: The property benefits from both front and rear gardens.

Location

The property is situated on a residential road close to local shops and amenities. The open spaces of Long Bolstead Recreation Ground are within easy reach. Transport links are provided by Mitcham Eastfields rail station.

Tenure / Property Information

Investment Analysis

Same-street completed sales range from £210,000 to £290,000, but bedroom count, condition and specification are not supplied for the comparables. A reliable subject-specific GDV cannot therefore be established. The guide is £170,000 plus an £1,800 admin charge, with possible further disbursements.

Investment Snapshot

Strategy Recommendation

Do not bid without reviewing the legal pack, confirming lease terms and disbursements, and obtaining independent refurbishment, rental and valuation evidence.

Works Required

Modernisation of the vacant two-bedroom maisonette. The evidence does not specify the individual works or their cost.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

A BRRR assessment cannot be completed without a supported GDV, refurbishment budget, rent and finance assumptions. The approximately 82-year lease and possible auction disbursements require review.

Buy-to-Let Analysis

No sufficiently specific rental evidence or auctioneer rent estimate is provided, so rent and yield cannot be established. The property is vacant and requires modernisation.

Flip Analysis

A flip appraisal cannot be quantified because the comparable properties’ bedrooms and condition are unknown and no refurbishment or selling allowance is provided.

Investor Risks & Due Diligence

• Approximately 82 years remain on the lease.

• Property is vacant and described as needing modernisation.

• No reliable rental evidence is supplied.

• Comparable sales lack bedroom and condition details.

• Admin charge is £1,800 and further legal-pack disbursements may apply.

• Auction guide price is not a formal valuation.

Recommendation

Do not bid without reviewing the legal pack, confirming lease terms and disbursements, and obtaining independent refurbishment, rental and valuation evidence.

Strategy Rating

Analysis Confidence

There are several same-road completed sales, but no sufficiently specific rental evidence, refurbishment cost, comparable specification or complete purchase-cost information.