9b, Oval Road South, DAGENHAM, Essex, RM10 9DP

Description

Leasehold first floor flat with one bedroom, reception room, kitchen and bathroom/wc.

Accommodation

One bedroom, reception room, kitchen, bathroom/wc

Location

The property is situated on Oval Road South. Public transport links include Dagenham East (District Line) and Dagenham Dock Train station, together with a network of local bus services serving the surrounding vicinity. Road links include the A112 lying to the north and the A13 located to the west. Shopping amenities can be found locally within Dagenham, with an extensive range of shops, bars and restaurants being found in Stratford to the west. Recreational pursuits are available locally.

Tenure / Property Information

Investment Analysis

Historic Land Registry evidence shows sales from £94,000 to £125,000 for comparable flats on Oval Road South between 2011 and 2015, including £94,000 for 9B in 2011. No current comparable evidence, rental evidence or formal valuation is supplied, so a current GDV cannot be reliably estimated. The 59-year lease and ground rent currently being TBC are material value and financeability uncertainties. The £100,000 guide should not be treated as supported market value.

Investment Snapshot

Strategy Recommendation

Do not bid on the current evidence alone. Obtain and review the legal pack, confirm the ground rent and lease provisions, seek current comparable valuation evidence, and establish rental demand before setting a bid limit.

Works Required

No physical defects or refurbishment requirements are evidenced. Before bidding, review the legal pack, confirm lease terms and ground rent, establish whether lease extension or other works are required, and verify EPC, heating and parking information.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

A BRRR assessment cannot be supported without a current GDV, rent, refurbishment budget and confirmed lease costs. The 59-year lease may restrict lender appetite and should be investigated before considering refinance assumptions.

Buy-to-Let Analysis

BTL analysis cannot be completed because no sufficiently specific rental evidence or auctioneer rent estimate is supplied. Any yield calculation would be unsupported. The 59-year lease, ground rent TBC and possible seller charges also need clarification before assessing investment viability.

Flip Analysis

A flip assessment cannot be reliably calculated. The available completed sales are historic, with the latest supplied sale in 2015, and no supported refurbishment budget, current GDV or selling-cost allowance is available. The short lease is an additional resale risk.

Investor Risks & Due Diligence

• Only 59 years remain on the lease.

• Ground rent is TBC and full lease information is awaited.

• Current market value cannot be established from the historic 2011–2015 sales alone.

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

• EPC, heating and parking information are unconfirmed.

• The seller may charge additional completion fees under the Special Conditions of Sale.

• Buyer must pay the stated £1,800 inclusive-of-VAT admin and contract documentation charge.

Recommendation

Do not bid on the current evidence alone. Obtain and review the legal pack, confirm the ground rent and lease provisions, seek current comparable valuation evidence, and establish rental demand before setting a bid limit.

Strategy Rating

Analysis Confidence

Evidence includes the property description, guide price, historic completed sales and lease length, but lacks current comparables, rental evidence, condition information, EPC, confirmed ground rent, full lease details and potential seller charges.