Flat 24, Daver Court, Chelsea Manor Street, London, London, SW3 3TS

Description

Leasehold first floor flat with full vacant possession. 3D Tour available.

Accommodation

Room, kitchen, shower room/WC

Location

The property is situated within Davers Court on Chelsea Manor Street. Sloane Avenue links South Kensington and Sloane Square, with shops, bars and restaurants nearby. Public transport links include South Kensington and Sloane Square Underground Stations, together with local bus services. Road communications include the A4 Brompton Road and A308 Fulham Road. Local recreational facilities include the Natural History, Science and V&A Museums, Hyde Park and the Saatchi Gallery.

Tenure / Property Information

Investment Analysis

The supplied sold comparables at Daver Court range from £175,000 to £625,000, with 2023–2024 sales between £437,500 and £590,000. However, the comparable flat sizes, bedroom counts, lease terms and individual condition are not supplied. The subject is described only as a room with kitchen and shower room/WC and has approximately 2 years and 1 month remaining on its lease, making the comparables unsuitable for a supported GDV estimate. The £20,000 guide appears to reflect the very short lease, but no market value can be established reliably from the evidence provided.

Investment Snapshot

Strategy Recommendation

Do not bid without specialist leasehold and legal advice, confirmation of all completion charges, and a verified lease-extension or alternative exit strategy. On the supplied evidence, the opportunity is too uncertain for BTL, BRRR or a conventional flip.

Works Required

No condition defects or refurbishment requirements are supplied. Allow for inspection and any necessary works only after confirming the flat’s condition, services, lease position and legal documentation; no refurbishment allowance can be supported from the evidence.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

BRRR is not supportable on the evidence. The lease has approximately 2 years and 1 month remaining, while service charge, ground rent, lease-extension terms, condition, refurbishment cost and financeability are unknown. No supported GDV is available, so a 75% GDV refinance or cash-left-in calculation cannot be made.

Buy-to-Let Analysis

BTL yield cannot be established. The only rental evidence is an advertised £2,383 pcm asking rent for a one-bedroom flat, whereas this property is described as a room with kitchen and shower room/WC. No passing rent, suitable achieved-rent evidence, service charge, ground rent or other operating costs are supplied. The approximately 2 years and 1 month remaining on the lease is a major constraint to normal long-term letting and financing.

Flip Analysis

A flip appraisal cannot be established. Although local sold evidence is supplied, the comparable specifications and lease terms are unknown and cannot be applied to this subject. The short remaining lease, unknown seller fees, £1,800 buyer documentation charge and unknown works and transaction costs create substantial resale uncertainty.

Investor Risks & Due Diligence

• Approximately 2 years and 1 month remain on the lease.

• Lease-extension terms and costs are not supplied.

• Annual service charge and ground rent are unknown.

• The seller may charge additional completion fees, but the amounts are not supplied.

• The £1,800 inclusive-of-VAT buyer contract documentation fee must be paid.

• The only rental evidence is an advertised asking rent for a one-bedroom flat, not achieved rent and not clearly comparable to this room-based accommodation.

• Flat condition, heating and parking arrangements are not supplied.

• The sold comparables have insufficient specification and lease information to support a subject-specific GDV.

Recommendation

Do not bid without specialist leasehold and legal advice, confirmation of all completion charges, and a verified lease-extension or alternative exit strategy. On the supplied evidence, the opportunity is too uncertain for BTL, BRRR or a conventional flip.

Strategy Rating

Analysis Confidence

Key valuation and underwriting inputs are missing, including flat dimensions and bedroom classification, condition, lease-extension terms, service charge, ground rent, seller fees, comparable lease details and a suitable achieved rent.