Flat 1, 45 Canterbury Grove, Lambeth, London, SE27 0NX

Description

A Vacant Lower Ground Floor Two Bedroom Flat. The property comprises a lower ground floor two bedroom flat situated within a mid terrace building arranged over lower ground, raised ground and first floors.

Accommodation

Lower Ground Floor: Reception Room, Kitchen, Two Bedrooms, Bathroom. The property benefits from a private section of the rear garden.

Location

The property is situated on a residential road close to local shops and amenities. The open spaces of Norwood Park are within easy reach. Transport links are provided by West Norwood rail station.

Tenure / Property Information

Investment Analysis

No HM Land Registry completed sales or other valuation comparables were supplied, so GDV and market value cannot be reliably estimated. The £275,000+ guide is not a formal valuation. The only known additional cost is the £1,800 inc VAT administration charge; other fees are unspecified.

Investment Snapshot

Strategy Recommendation

Potential income-led purchase only if inspection, legal-pack review and independent valuation support the guide price and the £1,600 asking rent proves achievable. Do not bid above a separately evidenced valuation-based limit.

Works Required

No specific defects or refurbishment works are evidenced. Verify condition, compliance, services, garden rights and all payable fees through inspection and the legal pack before bidding.

Rental & Market Context

Potential BRRR Position

BRRR analysis cannot be completed because there is no supported GDV, refurbishment budget or complete acquisition-cost schedule. The long new lease and share of freehold are potentially supportive, but refinance proceeds cannot be calculated without a defensible valuation.

Buy-to-Let Analysis

The supplied advertised asking rent is £1,600 pcm, equivalent to £19,200 annually. This indicates a headline gross yield of approximately 6.98% against the £275,000 guide, before the £1,800 administration charge, other auction fees, finance, maintenance, voids and letting costs. The rent is an asking rent rather than achieved or passing rent, and the full net yield cannot be established.

Flip Analysis

A flip surplus cannot be calculated because no completed-sale comparables, GDV, refurbishment allowance or supported selling-cost allowance were supplied. The property should not be underwritten for resale profit from the guide alone.

Investor Risks & Due Diligence

• No completed-sale comparables or formal valuation are supplied.

• The £1,600 pcm figure is an advertised asking rent, not achieved or passing rent.

• Condition and refurbishment requirements are not evidenced.

• Additional buyer, legal, search, transfer and possible seller-cost fees are unspecified.

• The lower-ground-floor position and private garden arrangement should be verified through inspection and the legal pack.

• Headline yield excludes finance, voids, maintenance, management, insurance and other ownership costs.

Recommendation

Potential income-led purchase only if inspection, legal-pack review and independent valuation support the guide price and the £1,600 asking rent proves achievable. Do not bid above a separately evidenced valuation-based limit.

Strategy Rating

Analysis Confidence

The evidence confirms the property description, tenure, vacancy, guide, administration charge and one advertised rent, but provides no completed comparables, condition survey, refurbishment budget, full fee schedule, achieved rent or formal valuation.