71B Jedburgh Road, Newham, London, E13 9LF

Description

A Vacant First Floor Two Bedroom Flat. The property comprises a first floor two bedroom flat situated within a mid terrace building arranged over ground and first floors.

Accommodation

First Floor: Reception Room, Kitchen, Two Bedrooms, Bathroom.

Location

The property is situated on a residential road close to local shops and amenities. The open spaces of Central Park are within easy reach. Transport links are provided by Upton Park underground station (Circle line) and West Ham rail station.

Tenure / Property Information

Investment Analysis

The strongest evidence is a £250,000 sale of another flat at 45 Jedburgh Road in July 2016. A sale recorded at 71 Jedburgh Road was £75,000 in 2001, but this is historic and may not be directly comparable to the subject flat. £250,000 is therefore used as an indicative base GDV only, not a formal valuation. No low/high GDV scenarios are supportable from the supplied evidence.

Investment Snapshot

Strategy Recommendation

Potential BTL or BRRR purchase subject to verifying the £2,000 pcm asking-rent evidence, actual condition, lease terms, service charge, ground rent, legal-pack disbursements and achievable resale value. Do not rely on the headline margin without these checks.

Works Required

No specific defects or refurbishment requirements are evidenced. Allow for inspection, safety checks and any legally or practically necessary works identified before completion; costs cannot be quantified from the evidence.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

Using the historic £250,000 comparable as an indicative base GDV, 75% refinancing would be approximately £187,500. Against the guide plus the £1,800 administration charge, this suggests £50,700 of surplus refinance proceeds before any works, finance, tax, selling costs and unquantified disbursements. The result is highly sensitive to the unsupported current value and refurbishment requirement.

Buy-to-Let Analysis

At the £135,000 guide, the sole rental listing indicates £2,000 pcm, equivalent to £24,000 annually and a gross yield of approximately 17.8%. Including the stated £1,800 administration charge gives approximately 17.5% before works, finance, management, voids, maintenance, tax and other charges. The rent is an advertised asking rent, not achieved rent, and no service charge or ground rent is supplied.

Flip Analysis

A £250,000 base GDV compared with the £135,000 guide and known £1,800 administration charge indicates a substantial headline margin before works, finance, tax, selling costs and disbursements. No supported selling allowance or refurbishment budget is available, so a reliable flip surplus cannot be calculated.

Investor Risks & Due Diligence

• The £2,000 pcm figure is an advertised asking rent rather than achieved rent.

• The £250,000 comparable is from 2016 and relates to another flat at 45 Jedburgh Road.

• The subject property's condition and any required works are not evidenced.

• Buyer premium, service charge, ground rent and legal-pack disbursements are not quantified.

• The guide is £135,000+ and the eventual purchase price may be higher.

• Actual resale value and refinance valuation may differ materially from the indicative £250,000 GDV.

Recommendation

Potential BTL or BRRR purchase subject to verifying the £2,000 pcm asking-rent evidence, actual condition, lease terms, service charge, ground rent, legal-pack disbursements and achievable resale value. Do not rely on the headline margin without these checks.

Strategy Rating

Analysis Confidence

The property description, vacancy, lease length, guide, administration charge and one asking-rent listing are supplied, but current comparable evidence, condition, costs, service charges, ground rent, buyer premium and legal disbursements are incomplete.