Apartment 52, 81 Black Prince Road, Lambeth, London, SE1 7SZ

Description

Vacant leasehold self-contained tenth floor flat in the heart of Lambeth. By Order of LPA Receivers.

Accommodation

Reception Room/Kitchen, bedroom with ensuite shower room, further bedroom, bathroom. GIA approximately 55 sq m (592 sq ft), source: EPC.

Location

The property is situated on the south side of Black Prince Road. The shops and amenities of Waterloo are to the north, with more extensive amenities available in Westminster. Vauxhall station, with South Western and Victoria line services, is approximately 0.5 miles to the north. The A202 and A2 are both to the south east. Nearby open spaces include Pedlar's Park and Old Paradise Gardens.

Tenure / Property Information

Investment Analysis

The most recent supplied completed sale at the same address was £440,000 on 14 August 2026. Older same-address sales range from £310,500 to £650,000, but the evidence does not identify the comparable units, sizes, floors or specifications. A cautious base GDV of £440,000 is therefore used, with £440,000 to £599,999 as the evidence-supported range. The £2,817 pcm figure is an advertised asking rent, not an achieved rent.

Investment Snapshot

Strategy Recommendation

Potentially suitable for BTL or BRRR at or near the guide, subject to confirming the achievable rent, service charges, building liabilities, condition and all auction costs. Do not rely on the headline margin without this due diligence.

Works Required

No specific defects or refurbishment requirements are evidenced. Obtain a full inspection and verify the lease, service charge, building insurance, planned works and any compliance matters before bidding.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

Using the £440,000 base GDV, 75% refinance is approximately £330,000. Against the £300,000 guide, this indicates £30,000 of nominal headroom before works, finance, taxes, legal costs, valuation constraints and other charges. Because refurbishment costs, service charges, buyer costs and lending terms are not supplied, the cash requirement and viability cannot be confirmed.

Buy-to-Let Analysis

At the £300,000 guide, the advertised £2,817 pcm rent implies a gross yield of approximately 11.27%, before service charge, ground rent, management, maintenance, voids, finance, tax and acquisition costs. The rent is only an asking-rent indication and should be independently verified. The long lease is favourable on the supplied information, but service charge and other lease costs are missing.

Flip Analysis

At the base GDV of £440,000 and the £300,000 guide, the apparent gross margin is £140,000 before refurbishment, selling costs, finance, taxes, acquisition costs and any lease or building liabilities. No reliable flip surplus can be calculated because works and selling allowances are unsupported and the comparables are not unit-specific.

Investor Risks & Due Diligence

• Same-address comparables are not identified by flat number, size, floor or specification.

• The £2,817 pcm figure is an advertised asking rent rather than an achieved or passing rent.

• Buyer, administration, legal, finance and other auction charges are not supplied.

• No service charge, ground rent, planned works or building-management information is supplied.

• No condition survey or refurbishment cost evidence is available.

• Additional seller or third-party charges may apply under the special conditions and addendum.

• Refinance assumptions may not be achievable at the assumed valuation or loan-to-value.

Recommendation

Potentially suitable for BTL or BRRR at or near the guide, subject to confirming the achievable rent, service charges, building liabilities, condition and all auction costs. Do not rely on the headline margin without this due diligence.

Strategy Rating

Analysis Confidence

There is a recent same-address completed sale, a long lease and advertised rental evidence, but the comparable units are not identified and key costs, condition, service charges, buyer fees and achieved rent are missing.