78 Elstree Gardens, Belvedere, Kent, DA17 5DN

Description

A Vacant Three Bedroom End of Terrace House in Need of Modernisation. The property comprises a three bedroom end of terrace house arranged over ground and first floors.

Accommodation

Ground Floor: Two Reception Rooms, Kitchen. First Floor: Three Bedrooms, Bathroom. Exterior: Rear garden.

Location

The property is situated on a residential road close to local shops and amenities. The open spaces of Lesnes Abbey Woods are within easy reach. Transport links are provided by Abbey Wood underground (Elizabeth line) and rail stations.

Tenure / Property Information

Investment Analysis

The supplied completed sales on Elstree Gardens range from £330,000 to £475,000. They are useful same-road freehold terraced evidence, but bedroom numbers, condition and specification are not supplied, so direct adjustment to this vacant three-bedroom end-terrace house is uncertain. A cautious evidence-led scenario range is £330,000 to £450,000, with £380,000 used as a working base GDV rather than a formal valuation.

Investment Snapshot

Strategy Recommendation

Proceed only subject to a detailed survey, legal-pack review and priced refurbishment scope. Treat as a potential refurbishment-led resale, but do not bid on the current evidence alone; BTL is not assessable without rent evidence.

Works Required

Modernisation is required, but the evidence does not specify defects or the scope of works. Obtain a full inspection and legal-pack review before pricing works. Potential works may include updating the internal accommodation and finishes, subject to survey findings; no cost allowance is supported by the evidence.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

Using the working £380,000 base GDV, 75% refinance is £285,000. Purchase price is unknown beyond the £240,000+ guide, while refurbishment costs, disbursements and finance costs are unsupported. Cash left in and project equity therefore cannot be calculated reliably.

Buy-to-Let Analysis

A BTL assessment cannot be established because no sufficiently specific rental comparables or auctioneer rent estimate are supplied. The property is vacant and requires modernisation, so achievable rent and letting readiness remain unconfirmed.

Flip Analysis

The same-road sales support a broad £330,000–£450,000 resale-value scenario, with £380,000 as a cautious working base. Flip surplus cannot be calculated because the required modernisation budget and any selling allowance are not supplied. The wide comparable range also creates material valuation risk.

Investor Risks & Due Diligence

• The property is described as needing modernisation, but the extent and cost of works are unknown.

• Same-road completed sales range widely from £330,000 to £475,000 and lack supplied bedroom, condition and specification details.

• No sufficiently specific rental evidence or auctioneer rent estimate is available.

• The £240,000 guide is a minimum indication rather than a confirmed purchase price.

• An £1,800 inc VAT admin charge applies, and additional disbursements or other legal and transfer charges may be payable.

• Finance, tax and resale selling costs are not supplied and are excluded from the calculations.

Recommendation

Proceed only subject to a detailed survey, legal-pack review and priced refurbishment scope. Treat as a potential refurbishment-led resale, but do not bid on the current evidence alone; BTL is not assessable without rent evidence.

Strategy Rating

Analysis Confidence

There are five same-road completed sales and clear tenure, occupancy and accommodation evidence, but comparable specifications and condition are unknown, no rental evidence is available, and refurbishment costs and further purchaser charges are unquantified.