Flat 2, 3 The Mansions, Earls Court Road, Kensington, London, SW5 9BW

Description

A Well Located Vacant Ground Floor One Bedroom Flat in Need of Refurbishment. The property comprises a ground floor one bedroom flat situated within an end of terrace building arranged over ground and four upper floors. The property requires a program of refurbishment.

Accommodation

Ground Floor: Reception Room; Kitchen; Bedroom; Bathroom

Location

The property is situated on a residential road close to local shops and amenities. Numerous green open spaces are within easy reach. Transport links are provided by Earl's Court underground station (District line) and West Brompton rail station.

Tenure / Property Information

Investment Analysis

Two recent sold comparables at the same address were £247,500 and £255,000. Using their midpoint gives an indicative base GDV of £251,250, with an evidence-supported range of £247,500–£255,000. Comparable condition and exact flat comparability are not supplied, so this is indicative only.

Investment Snapshot

Strategy Recommendation

Proceed only after confirming refurbishment scope, lease/legal position and total costs. At the guide, the limited evidence-supported margin makes this unsuitable for an unverified flip or BRRR purchase.

Works Required

A refurbishment programme is required, but the evidence does not specify the scope or cost. Detailed inspection and legal-pack review are required before budgeting.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

A 75% refinance of the indicative base GDV is approximately £188,438. Total project cost cannot be calculated because refurbishment costs and any disbursements are unknown; therefore BRRR feasibility is unproven.

Buy-to-Let Analysis

No sufficiently specific rental evidence is supplied, so rent and yield cannot be established. Refurbishment costs are also unknown.

Flip Analysis

The guide is £240,000 plus the stated £1,800 administration fee, against an indicative base GDV of £251,250. The limited apparent spread is before refurbishment, legal, finance, selling and other costs, so a profitable flip is not demonstrated.

Investor Risks & Due Diligence

• Refurbishment scope and cost are not supplied.

• No sufficiently specific rental evidence is available.

• Comparable property condition and exact comparability are unconfirmed.

• Legal-pack disbursements may become payable.

• The limited spread over the guide may be absorbed by refurbishment and transaction costs.

Recommendation

Proceed only after confirming refurbishment scope, lease/legal position and total costs. At the guide, the limited evidence-supported margin makes this unsuitable for an unverified flip or BRRR purchase.

Strategy Rating

Analysis Confidence

Recent same-address sold evidence supports an indicative GDV, but condition comparability, refurbishment costs, rent, lease details, disbursements and total project costs are unavailable.