9A, Miller Road, Wimbledon, London

Description

Leasehold self-contained one bedroom flat. Full vacant possession.

Accommodation

One bedroom, reception room, kitchen, bathroom/WC

Location

The property is situated on Miller Road, which can be accessed from High Street (A24) via University Road and Denison Road. Public transport links include Colliers Wood (Northern Line) and Haydons Road rail stations, along with a network of local bus services serving the surrounding area. A comprehensive range of shopping amenities are available locally, with recreational pursuits including Wandle and Wandle Meadow Nature Parks to the west.

Tenure / Property Information

Investment Analysis

The supplied sales evidence is on the same road but lacks bedroom counts, floor areas, condition, lease terms and other comparability details. Recorded prices range from £180,000 to £505,000, so a reliable GDV cannot be established without materially stronger evidence. The subject is being sold on a new 125-year lease, but the lease information is awaited. The only rental evidence is an advertised asking rent of £1,775 pcm, not an achieved rent.

Investment Snapshot

Strategy Recommendation

Treat as a potential BTL only pending legal-pack, lease, condition and rent validation. Do not bid on a flip or BRRR basis without reliable valuation and cost evidence.

Works Required

No specific works are supported by the supplied evidence. Confirm condition, specification, compliance and any required works through inspection and the legal pack before bidding.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

A BRRR assessment cannot be completed because GDV, refurbishment cost, lease details and total project cost are not sufficiently evidenced. The proposed new 125-year lease may assist mortgageability, but its terms and costs require legal-pack confirmation.

Buy-to-Let Analysis

At the advertised asking rent of £1,775 pcm, gross annual rent is £21,300 and the gross yield on the £275,000 guide is approximately 7.75%. This excludes the £1,800 contract documentation fee, any seller-charged fees, leasehold costs, finance, tax, voids, management and maintenance. The rent is asking evidence only, so achieved rent and net yield remain unconfirmed.

Flip Analysis

A flip assessment cannot be supported because the comparable sales are materially inconsistent and lack size, bedroom and condition details. No refurbishment allowance, reliable GDV or selling-cost allowance is available.

Investor Risks & Due Diligence

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

• Additional seller-charged completion fees may apply under the Special Conditions of Sale.

• The £1,775 pcm figure is an advertised asking rent rather than achieved or passing rent.

• Comparable sale prices range widely from £180,000 to £505,000 and lack sufficient property details for robust valuation.

• EPC is listed as TBC.

• Condition, heating, parking and other specification details are not supplied.

• The £1,800 inclusive-of-VAT contract documentation fee is payable by the buyer.

Recommendation

Treat as a potential BTL only pending legal-pack, lease, condition and rent validation. Do not bid on a flip or BRRR basis without reliable valuation and cost evidence.

Strategy Rating

Analysis Confidence

There is clear property, guide-price and asking-rent information, but no floor area, condition, EPC, lease details, service-charge information, reliable bedroom-matched comparables or refurbishment budget.