71B Tankerville Road, London

Description

A two bedroom split level flat over the first and second floors of this period semi-detached building situated close to Streatham High Road and between Streatham Common and Norbury stations. The property requires some remedial work and redecoration.

Accommodation

First Floor: Reception room, kitchen, bedroom. Second Floor: Bedroom, bathroom.

Location

Situated close to Streatham High Road and between Streatham Common and Norbury stations.

Tenure / Property Information

Investment Analysis

The guide is £290,000 plus £1,500 inclusive of VAT administration charge. Sold evidence on Tankerville Road ranges from £255,000 to £720,000, but the comparables do not provide bedroom count, floor area, condition, lease terms or other specification, and some are materially dated or duplicated. A reliable GDV range cannot therefore be established from the supplied evidence. The proposed new 125-year lease is a positive stated tenure feature, but no formal valuation evidence is supplied.

Investment Snapshot

Strategy Recommendation

Proceed only after obtaining a full inspection, detailed lease and special conditions, a refurbishment quotation, and reliable two-bedroom rental and sales comparables. On the supplied evidence alone, do not underwrite a BTL, BRRR or flip purchase at the guide.

Works Required

Complete the stated remedial work and redecoration. The evidence does not identify specific defects, required trades, scope or costs, so no further works are assumed.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

A BRRR assessment cannot be supported because the evidence does not establish GDV, refurbishment cost, achievable rent or refinance value. The new 125-year lease may assist marketability, but it does not provide a basis for a refinance calculation.

Buy-to-Let Analysis

BTL analysis cannot be established because no sufficiently specific rental comparable or auctioneer rent estimate is supplied. Gross rent, yield, operating costs and debt service cannot be assessed. The £1,500 administration charge and unspecified additional contract costs would also increase acquisition cost.

Flip Analysis

A flip appraisal cannot be established reliably. The available completed sales are on the same road but lack sufficient specification and condition detail, while the remedial works scope and cost are unknown. Any resale surplus calculation would therefore be speculative.

Investor Risks & Due Diligence

• Unknown scope and cost of the stated remedial work and redecoration.

• No sufficiently specific rental evidence, preventing rent and yield assessment.

• Comparable sales lack bedroom, size, condition and specification details; the range is very wide and one result is duplicated.

• Additional fees, costs or disbursements may apply under the Special Conditions and General Conditions of Sale.

• The analysis uses the guide only as an auction reference; the final purchase price is unknown.

• Leasehold obligations, including any service charge or ground rent, are not supplied.

Recommendation

Proceed only after obtaining a full inspection, detailed lease and special conditions, a refurbishment quotation, and reliable two-bedroom rental and sales comparables. On the supplied evidence alone, do not underwrite a BTL, BRRR or flip purchase at the guide.

Strategy Rating

Analysis Confidence

The property description, guide, stated lease and administration charge are supplied, but there is no rent evidence, no works budget, no floor area, no detailed condition report, no detailed comparable specifications and no full fee schedule.