8 Hampstead House, William Road, Holborn, London, Greater London, NW1 3EP

Description

A one bedroom second floor flat. In need of modernisation. Vacant.

Accommodation

Second Floor - Entrance Hallway, Reception Room, Kitchen, Bedroom, Bathroom/WC.

Location

Located on the north side of William Road, accessed off Hampstead Road. Local amenities are available on Hampstead Road and Euston Road. Recreational amenities are nearby, including the expansive Regent's Park. Transport links via Euston, Warren Street and Great Portland Street stations.

Tenure / Property Information

Investment Analysis

The £185,000 guide is the only price evidence supplied. No completed-sale comparables, rental evidence, auctioneer rent estimate, refurbishment budget or buyer/admin fees are provided, so market value, GDV, yields and a defensible maximum bid cannot be established. The flat is vacant, leasehold and described as needing modernisation; the proposed new 990-year lease should be checked in the legal pack.

Investment Snapshot

Strategy Recommendation

Do not bid on the current evidence alone. Obtain legal-pack details, inspection-based refurbishment pricing, local completed-sale evidence and rental evidence before considering a purchase.

Works Required

Modernisation of the one-bedroom flat as required, potentially covering the reception room, kitchen, bedroom, bathroom/WC and finishes. The evidence does not define the scope, specification or cost.

Rental & Market Context

Potential BRRR Position

A BRRR assessment cannot be supported without completed-sale evidence for GDV, a refurbishment budget, achievable rent and known acquisition costs. The new 990-year lease is potentially relevant but requires legal-pack review.

Buy-to-Let Analysis

BTL viability cannot be assessed because no sufficiently specific rental evidence or auctioneer rent estimate is supplied. Modernisation costs and buyer costs are also unknown, preventing a reliable total-cost yield calculation.

Flip Analysis

A flip appraisal cannot be established because there are no completed-sale comparables, GDV evidence, quantified works allowance or selling-cost allowance. The £185,000 guide alone is insufficient to calculate a resale surplus.

Investor Risks & Due Diligence

• No completed-sale comparables are supplied, so market value and GDV are unverified.

• No rental evidence or auctioneer rent estimate is supplied, so rental income and yield are unverified.

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

• Buyer premium, admin charge and other fees are not supplied.

• The new 990-year lease and associated terms require review in the legal pack.

• The property is vacant, so there is no passing rent evidence.

Recommendation

Do not bid on the current evidence alone. Obtain legal-pack details, inspection-based refurbishment pricing, local completed-sale evidence and rental evidence before considering a purchase.

Strategy Rating

Analysis Confidence

Only the guide price, basic accommodation, vacant status, lease term description and general condition are supplied; there are no sold comparables, rent evidence, quantified works or transaction costs.