72 Ibsley Gardens, Wandsworth, London, SW15 4JW

Description

A Ground and First Floor Four Bedroom Split Level Flat Subject to a Periodic Tenancy Producing £30,000 (Reflecting a Gross Initial Yield of 10.3%). The property comprises a ground and first floor four bedroom split level flat situated in a purpose built block arranged over ground and three upper floors.

Accommodation

Ground Floor: Reception Room with Open Plan Kitchen; Bedroom; WC. First Floor: Three Bedrooms; Bathroom. Exterior: Private garden.

Location

The property is situated on a residential road close to local shops and amenities. The open spaces of Richmond Park are within easy reach. Transport links are provided by East Putney underground station (District line) and Putney Station.

Tenure / Property Information

Investment Analysis

The two most recent same-road leasehold flat sales were £375,000 in March 2024 and £330,000 in November 2023. A base GDV of £352,500 is estimated from these sales, with an evidence-supported range of £330,000–£375,000. The £290,000 guide represents a substantial discount to this range, but the comparables may not be identical in size, condition, lease details or tenancy status. The property is producing £30,000 per annum, equivalent to the stated 10.3% gross initial yield at the guide price.

Investment Snapshot

Strategy Recommendation

Consider as a rent-led hold or BRRR candidate at or near the guide, subject to legal-pack review, verification of the periodic tenancy and confirmation that the rent is sustainable. Do not assume a refurbishment or resale profit without inspection and full costings.

Works Required

No refurbishment or defects are evidenced. Allow for normal inspection, compliance and maintenance review only; no works allowance has been included in the calculations.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

Using the base GDV estimate of £352,500, a 75% refinance is approximately £264,375. Against the guide price plus the known £1,800 administration charge, indicative cash remaining before finance, tax and other completion costs is approximately £27,425. This is only an indicative model: lender valuation, valuation criteria, tenancy status, lease terms and finance costs are not supplied.

Buy-to-Let Analysis

At the stated £30,000 annual rent, the gross yield is approximately 10.34% on the £290,000 guide and 10.28% including the £1,800 administration charge. The rent evidence is both stated passing rent and an advertised £2,500 pcm listing, but no operating costs, voids, management, finance or tax costs are supplied. The periodic tenancy and full tenancy terms should be reviewed before bidding.

Flip Analysis

The evidence supports a base GDV estimate of £352,500 against guide-price acquisition costs of £291,800 including the known administration charge. This indicates £60,700 of gross headroom before selling costs, finance, tax and any refurbishment. No flip surplus is stated because no supported selling-cost allowance or refurbishment budget is available.

Investor Risks & Due Diligence

• Periodic tenancy terms, tenant status and possession position require legal and practical verification.

• The £2,500 pcm rental listing is advertised asking evidence and may not represent achieved market rent.

• Comparable sales may differ in condition, accommodation, lease terms and exact specification.

• Leasehold costs and obligations, including service charges and any restrictions, are not supplied.

• Additional legal-pack disbursements, search fees, seller-cost reimbursement, legal fees or transfer fees may become payable.

• No condition survey or refurbishment assessment is available.

• The guide price is exclusive of the known £1,800 administration charge and other possible purchaser costs.

Recommendation

Consider as a rent-led hold or BRRR candidate at or near the guide, subject to legal-pack review, verification of the periodic tenancy and confirmation that the rent is sustainable. Do not assume a refurbishment or resale profit without inspection and full costings.

Strategy Rating

Analysis Confidence

Strong same-road completed-sale evidence and clear rent/tenancy income are available, but condition, full tenancy terms, lease covenants, service charges, selling costs, finance costs and possible legal-pack disbursements are not supplied.