8 Rosebery Avenue, Thornton Heath, Surrey, CR7 8PT

Description

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

Accommodation

Ground Floor: Two Reception Rooms, Kitchen, Bathroom. First Floor: Three Bedrooms. Exterior: The property benefits from a rear garden.

Location

The property is situated on a residential road close to local shops and amenities. The open spaces of Grangewood Park are within easy reach. Transport links are provided by Norwood Junction overground station and Thornton Heath rail station.

Tenure / Property Information

Investment Analysis

The latest supplied comparable is 13 Rosebery Avenue at £465,000 in May 2025. Older same-road sales range from £330,000 to £370,000. A base GDV of £465,000 is used, but property condition, size and specification differences are unknown. The guide is £250,000+ plus fees.

Investment Snapshot

Strategy Recommendation

Investigate as a potential refurbishment-led resale or BRRR purchase only after confirming condition, works costs, legal-pack disbursements and achievable rent. Do not rely on the headline GDV alone.

Works Required

Modernisation of the vacant three-bedroom house, subject to survey and legal-pack review. The evidence does not specify the required works or their costs.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

At the £250,000 guide, 75% of the £465,000 base GDV indicates potential refinancing of £348,750. However, refurbishment costs, purchase fees beyond the £1,800 administration charge and finance costs are unknown, so cash left in and equity cannot be calculated.

Buy-to-Let Analysis

BTL assessment cannot establish rent or yield because no sufficiently specific rental evidence or auctioneer estimate is supplied. Works and total project cost are also unquantified.

Flip Analysis

The latest same-road sale supports a £465,000 base GDV. Against the £250,000 guide and known £1,800 administration charge, there is £213,200 of gross headroom before refurbishment, selling, legal, finance and other costs. A net flip surplus cannot be established.

Investor Risks & Due Diligence

• Required modernisation works and costs are unspecified.

• No sufficiently specific rental evidence is available.

• Buyer premium and possible legal-pack disbursements are unknown.

• Comparable properties may differ in size, condition and specification.

• The £465,000 GDV relies principally on one recent same-road sale.

Recommendation

Investigate as a potential refurbishment-led resale or BRRR purchase only after confirming condition, works costs, legal-pack disbursements and achievable rent. Do not rely on the headline GDV alone.

Strategy Rating

Analysis Confidence

There is useful same-road sold-price evidence, including a recent 2025 sale, but no floor area, detailed condition survey, rental evidence, refurbishment budget or complete fee schedule.