Flat 31, Pallant House, Tabard Street, London

Description

Leasehold purpose built flat

Accommodation

Two bedrooms, reception room, kitchen, bathroom/wc

Location

The property is located on Tabard Street. Shopping amenities are available within Elephant & Castle, with further shops, bars and restaurants in Central London to the west. Public transport links are available at Elephant & Castle Train and London Underground Station and Borough Train Station, along with local bus services. Road links include the A201 to the south and A100 to the east. Tabard Gardens is located to the north.

Tenure / Property Information

Investment Analysis

Same-building Land Registry comparables range from £340,000 (12 September 2025) to £456,500 (13 June 2025), with older sales at £276,100–£380,000. The two latest sales provide the strongest evidence but their flat sizes, floors, condition and exact specifications are not supplied. A base GDV of £398,250 is used as the midpoint of the two latest sales, with £340,000–£456,500 as an evidence-based scenario range. The £255,000 guide is below these recorded sale prices, but value cannot be confirmed without unit-specific comparison and inspection.

Investment Snapshot

Strategy Recommendation

Conditional investigation only: verify the exact flat comparables, condition, lease charges, special conditions and achievable rent before bidding. The guide appears discounted to the supplied same-building sales, but the missing costs and property-specific evidence make an unconditional purchase unsuitable.

Works Required

No specific defects or refurbishment requirements are evidenced. Obtain a viewing, lease review and building information before budgeting works; no works allowance has been assumed.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

Using the indicative base GDV, 75% refinance would be approximately £298,687.50. Cash left in cannot be calculated because refurbishment, service-charge/ground-rent, seller and finance costs are unavailable. The 114-year lease term supports mortgageability in principle, but lease costs and terms require confirmation.

Buy-to-Let Analysis

BTL viability cannot be established because no sufficiently specific rental comparable or auctioneer rent estimate is provided. Service charge, ground rent and any other leasehold costs are also unconfirmed. Do not rely on a yield calculation until rent and all recurring costs are verified.

Flip Analysis

The evidence indicates a potential guide-to-GDV margin, with a base GDV of £398,250 against the £255,000 guide. However, total project cost cannot be established because works, seller fees, finance, legal and selling costs are not supplied. A reliable flip surplus and maximum bid therefore cannot be calculated.

Investor Risks & Due Diligence

• The two latest same-building sale prices differ materially and no flat-specific details are supplied.

• Ground rent, service charge, review provisions and other lease information are unconfirmed.

• No sufficiently specific rental evidence is available, so rental yield cannot be calculated.

• No condition survey or refurbishment cost evidence is provided.

• The seller may charge additional completion fees under the Special Conditions of Sale.

• Parking and heating information are unconfirmed.

Recommendation

Conditional investigation only: verify the exact flat comparables, condition, lease charges, special conditions and achievable rent before bidding. The guide appears discounted to the supplied same-building sales, but the missing costs and property-specific evidence make an unconditional purchase unsuitable.

Strategy Rating

Analysis Confidence

There are several completed sales at the same address, including two recent transactions, but the comparable flat details, condition, rent, leasehold charges, refurbishment costs and potential seller fees are not provided.