Flat 19, Delia Street, Wandsworth, London

Description

Vacant self-contained ground floor flat comprising a reception room, two bedrooms, kitchen, bathroom and rear yard. GIA approximately 51.37 sq m (553 sq ft).

Accommodation

Reception Room, Two Bedrooms, Kitchen, Bathroom, Rear Yard; GIA approximately 51.37 sq m (553 sq ft)

Location

Located on the south south side of Delia Street. Wandsworth Town station is approximately 0.9 miles to the north. The shops, restaurants and bars of Wandsworth are to the north. The A214 is to the east and King George's Park is to the west.

Tenure / Property Information

Investment Analysis

The five supplied completed sales on Delia Street range from £450,000 to £532,500, with a simple average of £494,700. The subject is a 553 sq ft, two-bedroom leasehold flat on the same street, but the comparable sizes, condition and specific attributes are not supplied. A base GDV of £480,000 is therefore used as an indicative evidence-based estimate, with a £450,000 low case and £526,000 high case. This is not a formal valuation.

Investment Snapshot

Strategy Recommendation

Potential BTL or value-led purchase subject to inspection, legal-pack review and confirmation of lease, service charge and all auction costs. Do not rely on the apparent spread or asking rents without verifying condition, achievable rent and total project cost.

Works Required

No specific refurbishment works are evidenced. The vacant flat should be inspected before bidding, with any works, compliance requirements and condition-related costs confirmed from inspection and the legal pack.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

The indicative base GDV is £480,000, giving a theoretical 75% refinance figure of £360,000. BRRR viability cannot be fully assessed because refurbishment costs, buyer or administration charges, service charge, finance costs and the final purchase price are not supplied. At the guide alone, the theoretical GDV spread before all such costs is £111,000.

Buy-to-Let Analysis

Using the midpoint of the supplied advertised asking rents, annual rent is estimated at £31,200. Against the £369,000 guide, this indicates an 8.46% gross yield; the supplied asking-rent range implies approximately 7.32% to 9.59%. These are asking rents rather than achieved rents, and service charge, insurance, management, voids, maintenance, finance and acquisition costs are unavailable, so net yield and total-cost yield cannot be established.

Flip Analysis

Using the indicative £480,000 base GDV against the £369,000 guide produces a £111,000 gross difference before refurbishment, acquisition, finance, selling and tax costs. A reliable flip surplus cannot be calculated because refurbishment and selling allowances are unsupported. Comparable condition and size details are also unavailable.

Investor Risks & Due Diligence

• The comparable sales do not include sizes, condition or detailed attributes, limiting GDV precision.

• Rental evidence comprises advertised asking rents rather than achieved rents.

• Refurbishment costs cannot be estimated from the supplied evidence because no condition information is provided.

• Buyer premium, administration charges, seller costs and other third-party fees are unspecified.

• Service charge, insurance, council tax, EPC, heating and parking information are unavailable.

• The property is leasehold, so the lease and legal pack should be reviewed before bidding.

• A vacant property may incur void, security and letting costs before occupation or letting.

Recommendation

Potential BTL or value-led purchase subject to inspection, legal-pack review and confirmation of lease, service charge and all auction costs. Do not rely on the apparent spread or asking rents without verifying condition, achievable rent and total project cost.

Strategy Rating

Analysis Confidence

There is useful same-street completed-sale evidence and rental asking evidence, but comparable sizes and condition, property condition, service charge, EPC, lease details beyond the new term, auction fees and refurbishment costs are not supplied.