99b Battersea Rise, Clapham Junction, London

Description

Vacant self-contained second-floor flat with possible potential for extension, subject to consents. The property previously had planning permission for extension into the loft space, which has now lapsed. GIA approximately 53.79 sq m (579 sq ft).

Accommodation

Reception room/kitchen, two bedrooms and bathroom

Location

Situated on the south side of Battersea Rise. A wide range of local shops and amenities are available within Clapham and Battersea. Clapham Junction station is approximately 0.6 miles away. The A24 is easily accessible, providing a connection to the M25 motorway. Clapham Common and Wandsworth Common are both easily accessible.

Tenure / Property Information

Investment Analysis

The supplied sold evidence ranges from £283,000 to £1,100,000, with the subject address recorded at £412,000 in 2016. The comparables vary materially and no sufficiently specific current comparable, condition evidence or rental evidence is supplied, so a reliable current GDV cannot be established. The £330,000 guide is not treated as a valuation.

Investment Snapshot

Strategy Recommendation

Do not commit above the guide without independent valuation, survey, lease and planning due diligence. Proceed only if the vacant flat’s condition and resale value support the purchase after the 1% plus VAT buyer premium and any additional charges.

Works Required

No specific refurbishment works are evidenced. Obtain a survey and inspect the flat before budgeting. Investigate the previously lapsed loft-extension planning permission and establish whether any future proposal is feasible and requires fresh consent.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

A BRRR assessment cannot be quantified without a supported GDV, refurbishment budget and rent. The approximately 100-year lease is stated, but the lapsed loft permission and any required consents need legal and planning review before relying on value uplift.

Buy-to-Let Analysis

BTL analysis cannot be established because no sufficiently specific rental evidence or auctioneer rent estimate is supplied. The flat is vacant, and the £250 annual ground rent should be included in any detailed operating-cost assessment.

Flip Analysis

A flip surplus cannot be calculated because current GDV, works costs and selling costs are unsupported. The sold comparables are too inconsistent to provide a dependable resale valuation for this 53.79 sq m flat.

Investor Risks & Due Diligence

• Current market value cannot be reliably derived from the materially inconsistent sold comparables.

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

• The previous loft-extension planning permission has lapsed and any future extension is subject to consents.

• The flat is leasehold with approximately 100 years remaining and £250 annual ground rent.

• Buyer premium is 1% plus VAT upon exchange, with possible additional seller or third-party charges.

• EPC, council tax, parking and heating information are not supplied.

Recommendation

Do not commit above the guide without independent valuation, survey, lease and planning due diligence. Proceed only if the vacant flat’s condition and resale value support the purchase after the 1% plus VAT buyer premium and any additional charges.

Strategy Rating

Analysis Confidence

The property description, tenure, lease term, guide and selected sold records are supplied, but current valuation, condition, rent, EPC, operating costs and full purchase costs are unavailable.