Flat 2, 201 Waldegrave Road, Teddington, Richmond upon Thames

Description

The property comprises a first floor studio flat situated within a mixed use parade arranged over ground and two upper floors.

Accommodation

First Floor: Studio Room; Bathroom

Location

The property is situated on a residential road close to local shops and amenities. The open spaces of Upper Lodge Water Gardens are within easy reach. Transport links are provided by Strawberry Hill rail station.

Tenure / Property Information

Investment Analysis

The supplied sold evidence is not sufficiently specific to value this flat: the comparables relate to the same street numbers but do not identify the subject unit, accommodation or floor, and prices range from £156,000 to £362,250. The subject is described inconsistently as both a one-bedroom flat and a studio. No supported GDV, rental value or maximum bid can therefore be established. The £85,000 guide is not a valuation and the known £1,800 administration charge is payable in addition, with other possible charges unspecified.

Investment Snapshot

Strategy Recommendation

Do not bid on the current evidence alone. First confirm whether the property is a studio or one-bedroom flat, obtain a subject-specific valuation and rental assessment, inspect condition, and review all lease, service-charge and auction-pack liabilities.

Works Required

No specific defects or refurbishment requirements are evidenced. Obtain a full inspection and review the lease and legal pack before budgeting for any works.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

BRRR analysis cannot be supported without a reliable subject-specific valuation, rent, refurbishment budget and complete acquisition-cost schedule. The known minimum stated acquisition outlay at the guide is £86,800 before other possible fees, comprising the £85,000 guide and £1,800 administration charge.

Buy-to-Let Analysis

BTL analysis cannot be established because no sufficiently specific rental comparable or auctioneer rent estimate is supplied. The return would also depend on unprovided service charge, ground rent, insurance and other lease costs.

Flip Analysis

A flip surplus cannot be calculated. The available sold comparables are not sufficiently identified as the subject flat and provide no reliable basis for a resale value; refurbishment and selling costs are also unsupported.

Investor Risks & Due Diligence

• The description is inconsistent, referring to both a one-bedroom flat and a studio.

• The sold comparables are not clearly the subject unit and show a wide price range.

• No sufficiently specific rental evidence or auctioneer rent estimate is available.

• The property is leasehold with approximately 104 years unexpired; service charge, ground rent and other lease terms are not supplied.

• The known £1,800 administration charge is payable in addition to the guide, and further buyer, legal, search, seller-cost reimbursement and transfer charges may apply.

• The property forms part of a mixed-use parade, but no information is supplied about commercial arrangements, management or associated costs.

Recommendation

Do not bid on the current evidence alone. First confirm whether the property is a studio or one-bedroom flat, obtain a subject-specific valuation and rental assessment, inspect condition, and review all lease, service-charge and auction-pack liabilities.

Strategy Rating

Analysis Confidence

The evidence lacks subject-specific comparable details, internal area, condition, rent, service-charge and ground-rent information, while the accommodation description is inconsistent.