Flat 21 Ethelburga Tower, Rosenau Road, Battersea, London

Description

Vacant leasehold self-contained third and fourth floor flat. Total GIA approximately 68.01 sq m (732 sq ft).

Accommodation

Third floor: reception room, kitchen and balcony. Fourth floor: two bedrooms, bathroom and separate WC.

Location

Situated on the west side of Rosenau Road. Battersea Park Station is approximately 1 mile away, Battersea Power Station station is approximately 1.6 miles away, and Battersea Park is within walking distance. Shops and amenities are available within Battersea Power Station. The A24 provides a connection to the M25 motorway, with bus routes to Chelsea and Clapham Junction.

Tenure / Property Information

Investment Analysis

Completed Land Registry sales in the same building range from £258,000 to £360,000 between July 2020 and August 2022, with a simple average of £316,900 and a median of £333,000. A base GDV of £333,000 is used solely as an evidence-based estimate from these building-specific comparables; no adjustment is made for condition, floor, aspect, lease differences or market movement because supporting evidence is unavailable.

Investment Snapshot

Strategy Recommendation

Proceed only after legal, lease, building-condition and cost due diligence. The guide appears below the selected same-building sales range, but the lack of rental, condition and full-cost evidence prevents a firm BTL, BRRR or flip recommendation.

Works Required

No specific defects or refurbishment requirements are evidenced. Obtain a full inspection and lease/building-information review before budgeting works; no works allowance is included in the calculations.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

The guide is £250,000, against same-building completed sales of £258,000 to £360,000. The 1% buyer premium plus VAT is £3,000 at the guide, before any other charges. At the £333,000 base GDV, 75% refinancing equates to £249,750, but total project cost and cash left in cannot be calculated without works and other cost evidence.

Buy-to-Let Analysis

BTL yield cannot be established because no sufficiently specific rental evidence or auctioneer rent estimate is provided. The property is vacant, and refurbishment, service-charge, finance, tax and other ownership costs are also unknown.

Flip Analysis

A resale surplus cannot be reliably calculated. The base GDV is estimated at £333,000 from same-building sales, but refurbishment costs, acquisition costs beyond the stated buyer premium, selling costs and property condition are unsupported.

Investor Risks & Due Diligence

• No reliable rental evidence, so rental yield and BTL viability cannot be established.

• No condition survey or refurbishment specification is provided.

• Additional seller or third-party fees may apply and are not quantified.

• Service charge, reserve fund, building insurance and other leasehold cost information is absent.

• Comparable sales are historic and may not fully match this flat in floor, aspect, condition or layout.

• Leasehold legal and building-management issues remain subject to due diligence despite the stated long lease and peppercorn ground rent.

Recommendation

Proceed only after legal, lease, building-condition and cost due diligence. The guide appears below the selected same-building sales range, but the lack of rental, condition and full-cost evidence prevents a firm BTL, BRRR or flip recommendation.

Strategy Rating

Analysis Confidence

There are five completed sales in the same building and clear tenure, size and occupancy information, but the comparables are historic and lack detailed property matching. No rent, condition, works, service-charge, council-tax, parking, heating or complete fee information is supplied.