Flat 2, 69 Cowley Road, London, Lambeth, SW9 6BY

Description

A Ground Floor One Bedroom Flat. The property comprises a ground floor one bedroom flat situated within a purpose built building arranged over ground and five upper floors.

Accommodation

Ground Floor: Open Plan Reception/Kitchen; Bedroom; Bathroom. Exterior: The property benefits from a patio area.

Location

The property is situated on a residential road close to local shops and amenities. The open spaces of Eythorne Park are within easy reach. Transport links are provided by Stockwell underground station (Northern and Victoria lines).

Tenure / Property Information

Investment Analysis

The supplied Land Registry evidence records five sales at the same address, ranging from £362,000 to £580,000, but does not identify the relevant flat, size, floor or specification. The transactions are therefore not sufficiently specific to establish a reliable GDV for this one-bedroom ground-floor flat. The £280,000 guide represents a substantial apparent discount to those figures, but the reason cannot be verified from the evidence.

Investment Snapshot

Strategy Recommendation

Do not bid on the current evidence alone. Obtain flat-specific title and lease information, inspect the property, verify the comparable unit details and establish achievable rent before considering purchase.

Works Required

No defects or refurbishment requirements are evidenced. Allow for inspection and only address works confirmed by a survey, legal review or viewing.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

A BRRR assessment is not supportable without a reliable flat-specific GDV, rent, refurbishment budget and finance assumptions. The same-address sales vary materially and may relate to different units or specifications. Refinance proceeds and cash left in are therefore unquantified.

Buy-to-Let Analysis

BTL analysis cannot be established because no sufficiently specific rental comparable or auctioneer rent estimate is supplied. The guide-price acquisition cost is £280,000, rising to £283,480 including the stated £1,680 buyer premium and £1,800 administration charge, before any other completion costs, finance, service charge or works.

Flip Analysis

A flip assessment cannot be reliably calculated because the comparable sales are not unit-specific and no supported works budget or selling-cost allowance is provided. The apparent spread between the guide and some same-address sales should not be treated as a confirmed resale surplus.

Investor Risks & Due Diligence

• Same-address comparable sales do not identify the relevant flat and range from £362,000 to £580,000.

• No sufficiently specific rental evidence or passing rent is supplied, so rental yield cannot be calculated.

• Property condition and any refurbishment requirement are unknown.

• Additional search fees, seller-cost reimbursement, legal fees, transfer fees and disbursements may be payable.

• Leasehold service charge, ground rent and other lease liabilities are not supplied.

• The guide is not a confirmed purchase price and the eventual auction price may be higher.

Recommendation

Do not bid on the current evidence alone. Obtain flat-specific title and lease information, inspect the property, verify the comparable unit details and establish achievable rent before considering purchase.

Strategy Rating

Analysis Confidence

The property description, lease term, guide and stated auction charges are available, but there is no reliable rent, condition budget or unit-specific valuation evidence; the sales data is materially inconsistent and not tied to the subject flat.