Flat 10 Ashton Heights, 51 Horniman Drive, Lewisham, London, SE23 3BS

Description

A Vacant First Floor Two Bedroom Flat in Need of Modernisation. The property comprises a first floor two bedroom flat situated within a purpose built block arranged over ground and three upper floors.

Accommodation

First Floor: Reception Room, Kitchen, Two Bedrooms, Bathroom.

Location

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

Tenure / Property Information

Investment Analysis

No completed sales, GDV evidence, rental comparables or auctioneer rent estimate supplied. Market value, rent and investment returns cannot be reliably established. The £160,000+ guide excludes the £1,800 administration fee and any disbursements.

Investment Snapshot

Strategy Recommendation

Do not bid on the supplied evidence alone. Obtain a full inspection, legal-pack review, completed-sale valuation and rental assessment before considering an owner-occupier or investment purchase.

Works Required

Modernisation of the vacant flat, subject to inspection and the legal pack. No specific defects or scope are evidenced.

Rental & Market Context

Potential BRRR Position

BRRR analysis cannot be completed without supported GDV, works costs, rent and finance assumptions. The long lease is favourable in duration, but legal-pack review remains necessary.

Buy-to-Let Analysis

BTL analysis cannot be completed because no sufficiently specific rental evidence or refurbishment cost is supplied. The flat is vacant and would require modernisation.

Flip Analysis

Flip analysis cannot be completed because no completed-sale evidence, GDV or supported works budget is supplied. Resale costs and disbursements are also unknown.

Investor Risks & Due Diligence

• Unknown modernisation scope and cost.

• No rental evidence or passing rent is available.

• No completed-sale comparables or GDV evidence is supplied.

• £1,800 administration fee is payable, with possible additional legal-pack disbursements.

• EPC, council tax and heating information are not supplied.

• Auction purchase may be subject to legal-pack terms not provided.

Recommendation

Do not bid on the supplied evidence alone. Obtain a full inspection, legal-pack review, completed-sale valuation and rental assessment before considering an owner-occupier or investment purchase.

Strategy Rating

Analysis Confidence

Only descriptive property, tenure, occupancy, lease and guide information is supplied; there are no comparables, rent evidence, EPC, council tax, condition budget or GDV assessment.