98C, Pirbright Road, Southfields, London

Description

Three floor semi-detached house. Full vacant possession. By order of the Fixed Charge Receivers.

Accommodation

First floor: Reception room with kitchen. Ground floor: One bedroom with en-suite shower room/WC. Lower ground floor: One bedroom with en-suite bathroom/WC.

Location

The property is situated on Pirbright Road between Wimbledon Park Road and Merton Road within the popular area of Southfields. Public transport links include Southfields London Underground Station (District Line) together with a network of local bus services serving the surrounding vicinity. Road links include the A3 and A214. Southfields centre provides a range of shops, cafes, bars and restaurants with further amenities available in Wandsworth or Putney to the north or Wimbledon to the south. Recreational pursuits can be found at nearby Coronation Gardens or King George’s Park, Wimbledon Park and Wimbledon Common.

Tenure / Property Information

Investment Analysis

The £420,000 guide is the only supplied price evidence. No completed sales, valuation, rental comparables or auctioneer rent estimate are provided, so GDV, achievable rent and bid value cannot be reliably established. The property is vacant and a new 125-year lease is proposed, but lease information remains awaited. A guide-price scenario can be shown using the stated £1,800 contract documentation fee only; potential seller fees, works, finance, tax and other acquisition costs are excluded.

Investment Snapshot

Strategy Recommendation

Do not commit at the guide on the current evidence. Obtain the full legal pack, confirm the new lease terms and title, inspect the property, establish a supported market value and rent, and identify all completion fees before bidding.

Works Required

No refurbishment defects or required works are evidenced. Obtain a survey and inspect the legal pack before budgeting for any works. Confirm heating and parking arrangements, which are currently unspecified.

Rental & Market Context

Potential BRRR Position

BRRR viability cannot be assessed because there is no supported GDV, rent, refurbishment budget or refinance valuation. The proposed new lease and outstanding lease information require legal review before considering acquisition or refinancing.

Buy-to-Let Analysis

BTL viability cannot be established because no sufficiently specific rental comparable or auctioneer rent estimate is supplied. Gross yield, operating costs and debt service cannot therefore be calculated. The vacant possession status would require letting after completion.

Flip Analysis

A flip surplus cannot be calculated because no supported resale value, refurbishment allowance or selling-cost allowance is supplied. The guide-price scenario totals £421,800 using only the £420,000 guide and £1,800 documentation fee, before any works, seller fees, tax, finance or resale costs.

Investor Risks & Due Diligence

• Lease information is awaited and the new lease must be reviewed before bidding.

• No completed sales evidence or supported market valuation is supplied.

• No sufficiently specific rental evidence or passing rent is supplied, preventing yield analysis.

• Property condition and any required works are not evidenced.

• Potential seller fees may apply but are not quantified.

• Parking and heating details are unspecified; council tax is stated as TBC in one entry and Deleted in a later listing.

• The £420,000 guide is not a formal valuation or indication of achievable resale value.

Recommendation

Do not commit at the guide on the current evidence. Obtain the full legal pack, confirm the new lease terms and title, inspect the property, establish a supported market value and rent, and identify all completion fees before bidding.

Strategy Rating

Analysis Confidence

Only the guide price, one buyer documentation fee, basic accommodation, proposed lease term and limited property description are supplied. There are no sales comparables, rental evidence, condition assessment, GDV, works budget or complete fee schedule.