Flat 18, 53, Marischal Road, LONDON, London, SE13 5LE

Description

Leasehold first floor flat

Accommodation

One bedroom, reception room open plan to kitchen, shower room/wc

Location

The property is located on Marischal Road which lies off Lee High Road (A20). Shopping amenities are available locally within Lewisham with a further range of shops, bars and restaurants found within Central London lying to the north west. Public transport links are available at Lewisham Train Station lying to the north wets along with a network of local bus services serving the surrounding areas. The property is served by road links including the A20 and the A21 located to the west. Recreational pursuits can be found at Lewisham Park lying to the south.

Tenure / Property Information

Investment Analysis

The supplied sold evidence is not sufficiently reliable for a subject-specific GDV: it comprises repeated entries for two addresses with materially different prices (£300,000–£690,000), without floor areas, bedroom details, condition or lease terms. The subject flat's lease length, service charge, ground rent and other lease details are awaited. Accordingly, no evidence-supported GDV or maximum bid can be established.

Investment Snapshot

Strategy Recommendation

Do not bid on the current evidence. Obtain the legal pack, complete lease details, service-charge information, property inspection and reliable local rental and valuation evidence before considering a purchase.

Works Required

No specific defects or refurbishment requirements are evidenced. Verify condition, lease length, service charge, ground rent, rent review provisions, parking, heating and title documentation before bidding.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

BRRR analysis is not supportable without a reliable GDV, rental evidence, refurbishment budget and complete lease information. The 75% refinance figure and cash left in therefore cannot be calculated.

Buy-to-Let Analysis

BTL analysis cannot be established because no sufficiently specific rental comparable or auctioneer rent estimate is supplied. Lease costs are also unknown, including service charge and ground rent. The £1,800 inclusive buyer administration charge is known, but other seller fees may apply.

Flip Analysis

A flip appraisal cannot be established from the supplied data. The sold comparables are inconsistent and appear duplicated, with no matching size, specification, condition or lease evidence. Resale costs and any refurbishment requirement are also unsupported.

Investor Risks & Due Diligence

• Lease length, service charge, ground rent and review provisions are unknown.

• Additional seller fees may be payable under the Special Conditions of Sale.

• No sufficiently specific rental evidence is supplied.

• Sold comparable prices are inconsistent and lack matching property specifications.

• Property condition and any required works are not evidenced.

• Parking and heating details are unknown.

Recommendation

Do not bid on the current evidence. Obtain the legal pack, complete lease details, service-charge information, property inspection and reliable local rental and valuation evidence before considering a purchase.

Strategy Rating

Analysis Confidence

Key valuation, rental, lease, condition and cost information is missing; the supplied sold comparables are inconsistent and not sufficiently specific to the subject flat.