Flat 2, Liberty Point 1a, Blackhorse Lane, CROYDON, Surrey, CR0 6RT

Description

Leasehold ground floor self-contained flat. Accommodation: Ground floor: Two Bedrooms, reception room, kitchen, bathroom/WC

Location

The property is situated on the junction of Lower Addiscombe Road and Blackhorse Lane. Public transport links include Elmers End Rail Station, Blackhorse Lane Tram Links Stop together with a network of local bus services serving the surrounding vicinity. Road links include the A222 which in turn links to the A23 to the west. Shopping amenities can be found locally on Lower Addiscombe Road along with a good selection of cafes, bars and restaurants. Recreational facilities can be found locally in South Norwood Country Park and Lloyd Park which are both a short distance away.

Investment Analysis

Investment Snapshot

Property & Refurbishment

Initial feasibility allowance: £5,000–£10,000. This is not a contractor quotation and should be confirmed following inspection and detailed scope.

Rental Analysis

The auctioneer-published rent identified in the source is approximately £16,200 per annum.

GDV / Resale Analysis

No independent RICS/Land Registry comparable valuation has been inserted solely from the scraped auction data. End value should be confirmed against recent genuinely comparable transactions before bidding.

Properties Sold Within Approx. 5 Miles

No independently verified sold comparables are inserted from the auction scrape alone. Confirm recent Land Registry/RICS comparable evidence before relying on a GDV.

Investor Risks & Due Diligence

• Review the full legal pack and title before bidding

• Confirm all auction administration / contract charges

• Verify property condition and obtain appropriate surveys

• Confirm refurbishment costs with contractor quotations

• Confirm lease length, ground rent, service charge and major works

• Verify tenancy documents, rent history and deposit compliance

Recommendation

Preferred strategy: Long-Term Buy-to-Let. This recommendation is an initial appraisal based on the auctioneer's published property information and should be tested against the legal pack, inspection, finance and local market evidence.

Strategy Rating

Buy-to-Let: ★★★★☆

BRRR: ★★★☆☆

Flip: ★★★☆☆