90 Chantry Road, Chessington, Surrey

Description

Freehold two storey semi-detached house in need of modernisation, with front and rear gardens, less than 0.5 miles from Chessington North Station. To be offered on Tuesday 24 November. Vacant.

Accommodation

Ground floor - Reception room, Kitchen / diner; First floor - Two bedrooms, Bathroom/wc; Outside - Front and rear gardens

Location

Situated to the north side of Chantry Road, close to the junction with Roebuck Road. A well established residential area, approximately half a mile to the east of Chessington centre. Chessington North Station provides a frequent commuter service to central London. Transport: Chessington North Station - National Rail.

Tenure / Property Information

Investment Analysis

The £285,000 guide is the only current pricing evidence. One same-road freehold semi-detached sale completed at £515,000 in March 2023, but bedroom count, size, condition and specification are not supplied, so it cannot support a reliable GDV or direct valuation for this vacant two-bedroom house. The older £204,950 and £84,950 sales are too historic to use meaningfully without further evidence.

Investment Snapshot

Strategy Recommendation

Do not bid on current evidence alone. Obtain a full inspection, detailed refurbishment quotation, relevant local two-bedroom sales and rental evidence before considering a flip or rental purchase.

Works Required

Modernisation is stated as required, but no detailed defects or specification are provided. Scope should therefore be confirmed by survey and may include general updating of the accommodation, subject to inspection; no cost allowance is supportable from the evidence.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

BRRR cannot be underwritten reliably. There is no supported refurbishment budget, rent, GDV or finance-cost information. The 2023 same-road sale provides context only and does not establish refinance value for this property.

Buy-to-Let Analysis

A gross rental yield cannot be calculated because no sufficiently specific rental comparable or auctioneer rent estimate is supplied. Vacant possession is confirmed, but achievable rent and total acquisition/refurbishment costs remain unverified.

Flip Analysis

A flip appraisal is not supportable because the evidence does not establish the property's current condition cost, post-works GDV, selling costs or achievable resale price. The £515,000 same-road sale should not be treated as a confirmed GDV without size, bedroom and specification evidence.

Investor Risks & Due Diligence

• Unknown extent and cost of the stated modernisation requirement.

• No reliable rental evidence, preventing yield assessment.

• Limited comparable evidence: the only recent sale lacks size, bedroom and condition details.

• Buyer, administration and other auction costs are not supplied.

• Vacant property may require further inspection to identify defects not described in the particulars.

Recommendation

Do not bid on current evidence alone. Obtain a full inspection, detailed refurbishment quotation, relevant local two-bedroom sales and rental evidence before considering a flip or rental purchase.

Strategy Rating

Analysis Confidence

The property description confirms tenure, occupancy, accommodation and general modernisation need, but there is no EPC, rent, detailed condition, works budget, buyer fees or sufficiently comparable current valuation evidence.