82b, Croydon Road, CATERHAM, Surrey, CR3 6QD

Description

Leasehold second floor unit. Full vacant possession.

Accommodation

Room in shell condition

Location

The property is situated on the East side of Croydon Road close to its junction with Colin Road. Public transport links are provided by Caterham Rail Station together with a network of local bus services serving the surrounding area. Road communications include the A22, which provides access to the M25 (Junction 6) to the South. A range of shops and restaurants can be found within Caterham town centre including at the Church Walk shopping centre, with recreational pursuits to be found at Queens Park to the West.

Tenure / Property Information

Investment Analysis

The supplied sold comparables are in the same road but do not establish a reliable value for this property. They comprise flats/maisonettes sold for £171,000 and £180,000, plus materially different or higher-value comparables. The subject is only described as a second-floor unit in shell condition, with no stated floor area, bedroom count, completed accommodation, EPC or council tax information. A supported GDV cannot therefore be established.

Investment Snapshot

Strategy Recommendation

Do not bid on the current evidence alone. Obtain and review the legal pack, confirm the unit's lawful use, size, layout, lease terms and service obligations, and obtain a measured refurbishment and valuation assessment before considering the lot.

Works Required

Complete the unit from shell condition, subject to inspection and the legal pack. The available evidence does not define the required fit-out, services, layout, specification or compliance works, so a refurbishment budget cannot be supported.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

A BRRR assessment is not supportable because the completed value, refurbishment cost, rent and refinance value are all unconfirmed. The 114-year stated remaining lease term is potentially relevant, but lease information is awaited and must be checked in the legal pack.

Buy-to-Let Analysis

BTL cannot be underwritten from the supplied evidence. No sufficiently specific rental comparable or auctioneer rent estimate is provided, and the unit's completed accommodation and specification are unknown. The known guide price is £25,000 and the buyer must also pay the £1,800 inclusive-of-VAT contract documentation fee, excluding any seller fees and refurbishment costs.

Flip Analysis

A flip appraisal cannot be established. Although nearby flat sales range from £171,000 to £180,000, the subject's size, layout, finished accommodation and required shell-to-completion works are unknown. Seller fees and resale costs are also not supplied.

Investor Risks & Due Diligence

• The unit is described as being in shell condition, but the required completion works and cost are unknown.

• Lease information is awaited; service charges, ground rent, use restrictions and other obligations must be checked in the legal pack.

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

• EPC and council tax details are not supplied.

• Potential seller fees may be payable on completion but are not quantified.

• The supplied sold comparables are not sufficiently specific to establish the subject's value.

• Parking and heating information are not supplied.

Recommendation

Do not bid on the current evidence alone. Obtain and review the legal pack, confirm the unit's lawful use, size, layout, lease terms and service obligations, and obtain a measured refurbishment and valuation assessment before considering the lot.

Strategy Rating

Analysis Confidence

Key valuation, rental and cost inputs are absent, including floor area, bedroom count, completed specification, refurbishment scope, rent, EPC, council tax, lease details and potential seller fees.