Flat 1, 14 Henfield Road, Wimbledon

Description

A self-contained ground floor flat requiring modernisation in a purpose-built block.

Accommodation

Entrance Hall; Living Room; Kitchen; Bedroom (One); Bedroom (Two); Bathroom/WC; Communal Gardens; Garage (31).

Location

Situated off Merton Hall Road, close to local shopping and travelling facilities including Wimbledon and Wimbledon Chase Train Station. Further amenities can be found nearby in Wimbledon Town Centre.

Tenure / Property Information

Investment Analysis

Five sold comparables on Henfield Road range from £320,000 to £415,000, including £365,000 in April 2026 and £389,000 for number 14 in April 2025. A base GDV of £365,000 is used, with a low scenario of £320,000 and high scenario of £389,000. These are indicative only because the comparables' lease lengths, condition and precise characteristics are not supplied, while this flat has approximately 53 years unexpired and requires modernisation.

Investment Snapshot

Strategy Recommendation

Potential refurbishment-led purchase only after confirming the lease, service charge, ground rent, lease-extension position, condition and full works budget. Do not rely on the headline GDV spread or proceed to a firm bid without those figures.

Works Required

Modernisation of the self-contained flat, with the precise scope and cost to be confirmed by inspection. No specific defects or detailed specification are supplied. The lease position should also be investigated, including extension implications and any applicable premium.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

Using the indicative £365,000 base GDV, 75% refinance would be approximately £273,750. However, refurbishment costs, service charges, lease-extension costs, finance costs and other acquisition costs are not supplied, so total project cost, cash required and whether refinance would recover the invested capital cannot be calculated. Lease length and lender criteria require specific due diligence.

Buy-to-Let Analysis

The supplied rental evidence is one advertised asking rent of £1,850 pcm, equivalent to £22,200 annually; it is not an achieved rent. Against the £195,000 guide, this indicates an 11.38% gross yield before refurbishment, finance, service charge, management, voids and other costs. A reliable net yield cannot be established because those costs and the lease-related costs are not supplied. The approximately 53-year lease is a material BTL and mortgageability risk.

Flip Analysis

The evidence indicates potential value uplift from the £195,000 guide to a base GDV of £365,000, but no supported refurbishment allowance, selling costs, finance costs, lease-extension cost or other project costs are available. A reliable flip surplus and maximum bid therefore cannot be calculated. The 53-year lease may materially affect resale value and buyer demand.

Investor Risks & Due Diligence

• Approximately 53 years remain on the lease, which may restrict mortgageability and resale demand.

• The property requires modernisation, but no inspection detail or refurbishment cost evidence is supplied.

• The rental figure is an advertised asking rent rather than an achieved passing rent.

• Service charge, ground rent, lease terms and lease-extension costs are not supplied.

• EPC and heating details are not supplied.

• Seller's additional completion fees may apply under the special conditions and are not quantified.

Recommendation

Potential refurbishment-led purchase only after confirming the lease, service charge, ground rent, lease-extension position, condition and full works budget. Do not rely on the headline GDV spread or proceed to a firm bid without those figures.

Strategy Rating

Analysis Confidence

There are five relevant completed sales and one rental asking listing, but comparable lease terms and condition, refurbishment costs, service charges, ground rent, selling costs and lease-extension costs are unavailable.