7b Rosehill Road, London

Description

A one bedroom flat on the first floor of this period terraced building just to the south of East Hill & Wandsworth High Street. The property requires upgrading and refurbishment.

Accommodation

First Floor: Entrance Hall, reception room, kitchen, bedroom, bathroom

Location

Just to the south of East Hill & Wandsworth High Street.

Tenure / Property Information

Investment Analysis

The supplied comparable is on Rosehill Road and sold for £650,000 in August 2024, but no bedroom count, floor area, condition or specification is provided, so it cannot support a reliable GDV for this one-bedroom flat. The £305,000 guide should therefore not be assessed against that sale without further comparable evidence. The flat requires upgrading and refurbishment, but no works budget is supplied.

Investment Snapshot

Strategy Recommendation

Proceed only after obtaining a detailed refurbishment quotation, full lease and cost information, and better one-bedroom comparable sales. On the supplied evidence, avoid relying on the £650,000 sale or bidding above a separately supported appraisal.

Works Required

Upgrade and refurbish the stated accommodation, including the entrance hall, reception room, kitchen, bedroom and bathroom. The evidence does not specify individual defects or a detailed scope of works, so no more precise specification or budget is supported.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

A BRRR assessment cannot be completed reliably because there is no supported post-refurbishment GDV, refurbishment budget, service-charge information or finance-cost evidence. The new 125-year lease is stated, but its terms and any associated costs beyond the £1,500 administration charge are not provided.

Buy-to-Let Analysis

Using the two relevant advertised one-bedroom rental listings at £1,800 pcm, annual gross rent is £21,600 and gross yield on the £305,000 guide is approximately 7.08%. This is based on asking rents, not achieved rent, and excludes refurbishment, finance, service charge, ground rent, management, maintenance and other ownership costs. Net yield and total-cost yield cannot be established because the refurbishment cost and other purchase costs are not supplied.

Flip Analysis

A flip surplus cannot be calculated. The £650,000 same-road sale lacks sufficient property detail to establish a comparable GDV, while refurbishment costs and selling costs are unavailable. The £1,500 contract administration charge is known, but other possible fees are subject to the sale conditions.

Investor Risks & Due Diligence

• Refurbishment scope and cost are unspecified.

• The supplied £650,000 comparable has no bedroom count, floor area, condition or specification, limiting its valuation usefulness.

• Rental figures are advertised asking rents rather than achieved rents.

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

• Lease terms beyond the stated 125-year duration and start date are not supplied.

• Service charge, ground rent, council tax and other ongoing property costs are not supplied.

Recommendation

Proceed only after obtaining a detailed refurbishment quotation, full lease and cost information, and better one-bedroom comparable sales. On the supplied evidence, avoid relying on the £650,000 sale or bidding above a separately supported appraisal.

Strategy Rating

Analysis Confidence

The property description, guide, one relevant asking-rent level, one known administration charge and a same-road sale are supplied, but the comparable lacks specification, refurbishment costs, detailed lease costs, service charges and confirmed achieved rent.