Flat 3, 75 Atlantic Road, Brixton, London, SW9 8PU

Description

One bedroom flat; third floor; purpose built; in need of modernisation; new 125 year lease; peppercorn ground rent; vacant.

Accommodation

Third Floor - One Bedroom, Reception Room, Kitchen, Bathroom / WC

Location

Situated a short distance from the junction of Coldharbour Lane. Shopping facilities are available locally on Atlantic Road and Coldharbour Lane along with a good selection of cafes, bars and restaurants. Recreational facilities can be found at Loughborough Park and Coldharbour Lane Open Space, which are both within easy reach. Nearby road connections are via the A23 and A2217. Transport: National Rail Brixton; Underground Brixton.

Tenure / Property Information

Investment Analysis

The £155,000 guide is the only supplied purchase pricing evidence. No completed comparable sales, subject floor area, valuation or GDV evidence is provided, so market value and resale value cannot be reliably estimated. The nearby £1,300 pcm listing is an advertised asking rent for a different property and should not be treated as achieved rent or a confirmed rent for this flat. The new 125-year lease and peppercorn ground rent are positive tenure features, but buyer fees, VAT position and any seller charges are unspecified.

Investment Snapshot

Strategy Recommendation

Do not bid on the current evidence alone. Obtain a subject-specific valuation, inspection-based refurbishment quotation, confirmed rental appraisal and full auction fee/special-conditions schedule before considering BTL, BRRR or resale.

Works Required

Modernisation of the vacant one-bedroom flat is indicated by the description. The evidence does not specify the condition or scope of the kitchen, bathroom, finishes, services or other elements, so no refurbishment budget can be supported.

Rental & Market Context

Potential BRRR Position

BRRR cannot be underwritten from the supplied evidence. There is no supported GDV, refurbishment allowance, refinance valuation or confirmed rent. The new 125-year lease and peppercorn ground rent are noted, but they do not establish refinance or cashflow viability.

Buy-to-Let Analysis

A BTL assessment cannot be completed reliably because no achieved or subject-property rent is supplied. The £1,300 pcm figure is an advertised asking rent for a different nearby one-bedroom apartment and is not sufficient to establish rent for this flat. Purchase costs, buyer fees, refurbishment costs and ongoing property costs are also incomplete.

Flip Analysis

A flip surplus cannot be calculated because there are no completed comparable sales, supported GDV, refurbishment cost, transaction-cost total or supported selling allowance. The property is described as needing modernisation, but the works scope is not detailed.

Investor Risks & Due Diligence

• No completed comparable sales or supported GDV evidence.

• The stated modernisation requirement has no defined scope or cost.

• The only rental evidence is an advertised asking rent for a different nearby property.

• Buyer premium, VAT position and possible seller charges are unspecified.

• Subject floor area, parking, heating and council tax information are not supplied.

• Refinance, yield and resale calculations cannot be validated without further evidence.

Recommendation

Do not bid on the current evidence alone. Obtain a subject-specific valuation, inspection-based refurbishment quotation, confirmed rental appraisal and full auction fee/special-conditions schedule before considering BTL, BRRR or resale.

Strategy Rating

Analysis Confidence

The property description and tenure are clear, but there are no sold comparables, no subject floor area, no confirmed rent, no refurbishment cost, no GDV and incomplete buyer/seller fee information.