Basement Area, 42, Baldry Gardens, STREATHAM, London, SW16 3DJ

Description

Long leasehold basement area situated within a semi-detached building with potential subject to planning and consents. Accommodation: Ground floor: Entrance Basement floor: Four rooms Lease: Held on a long lease for a term of 125 years from 25th December 2002 (Thus having approximately 102 years remaining). Potential: The basement area may be suitable for alternative uses including residential conversion, office, or storage, subject to planning permission and consents. Prospective purchasers must rely solely on their own enquires in this respect. To view: 26/8, 28/8, 2/9, 4/9, 8/9 at 1:15pm No booking required - Please arrive at the time stated

Location

The property is situated on Baldry Gardens between its junctions with Braxted Park and Streatham High Road. Public transport links include a choice of Streatham Common, Streatham and Norbury mainline rail stations together with a network of local bus services serving the surrounding vicinity. Road links include the A23, A24 and A205. Shopping amenities can be found locally within Streatham. Recreational pursuits can be found locally at the open spaces of Streatham Common and Norwood Grove Recreation Ground.

Investment Analysis

Investment Snapshot

Property & Refurbishment

Initial feasibility allowance: £5,000–£10,000. This is not a contractor quotation and should be confirmed following inspection and detailed scope.

Rental Analysis

No reliable auctioneer-published current rent was identified in the supplied scrape. Market rent should be independently verified before bidding.

GDV / Resale Analysis

No independent RICS/Land Registry comparable valuation has been inserted solely from the scraped auction data. End value should be confirmed against recent genuinely comparable transactions before bidding.

Properties Sold Within Approx. 5 Miles

No independently verified sold comparables are inserted from the auction scrape alone. Confirm recent Land Registry/RICS comparable evidence before relying on a GDV.

Investor Risks & Due Diligence

• Review the full legal pack and title before bidding

• Confirm all auction administration / contract charges

• Verify property condition and obtain appropriate surveys

• Confirm refurbishment costs with contractor quotations

• Confirm lease length, ground rent, service charge and major works

Recommendation

Preferred strategy: Buy-to-Let / Owner-Occupier. This recommendation is an initial appraisal based on the auctioneer's published property information and should be tested against the legal pack, inspection, finance and local market evidence.

Strategy Rating

Buy-to-Let: ★★★★☆

BRRR: ★★★☆☆

Flip: ★★★☆☆