Flat 35 Andridge Court, 2A Church Lane, Wimbledon, London, SW19 3JW

Description

A Vacant First Floor One Bedroom Retirement Flat. The property comprises a first floor one bedroom retirement flat situated within a detached building arranged over ground and two upper floors.

Accommodation

First Floor: Reception Room with Open-Plan Kitchen; Bedroom; Bathroom. The property benefits from a private balcony and communal gardens.

Location

Situated on a residential road close to local shops and amenities. The open spaces of Dundonald Recreation Ground are within easy reach. Transport links are provided by South Merton rail station.

Tenure / Property Information

Investment Analysis

The five supplied completed sales at the stated address range from £142,000 to £190,000, with a median of £169,950. These records are inconsistent and do not confirm that each sale relates to this exact flat, so £169,950 is an indicative base GDV only.

Investment Snapshot

Strategy Recommendation

Proceed only after reviewing the legal pack and confirming retirement restrictions, lease terms, charges and all fees. Do not rely on BTL, BRRR or flip returns at this stage.

Works Required

No specific refurbishment works or defects are evidenced. Confirm condition, lease restrictions, retirement eligibility, service charges and legal-pack requirements before bidding.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

Using the indicative £169,950 base GDV, 75% refinancing would be approximately £127,462.50. Total project cost cannot be calculated because refurbishment, special-condition charges and other acquisition costs are unknown; lender eligibility is also unconfirmed.

Buy-to-Let Analysis

No sufficiently specific rental evidence or auctioneer rent estimate is supplied, so rent and yield cannot be established. Retirement-flat restrictions and ongoing charges also require confirmation.

Flip Analysis

The supplied sales indicate a broad £142,000–£190,000 value range, but refurbishment, selling costs and total acquisition costs are unsupported. A reliable flip surplus therefore cannot be calculated.

Investor Risks & Due Diligence

• The supplied comparable sales may not all relate to the exact flat and vary materially from £142,000 to £190,000.

• Approximately 82 years remain on the lease; extension terms and costs are not supplied.

• Retirement-flat eligibility, resale and letting restrictions are not supplied.

• Service charges, ground rent and other ongoing costs are not supplied.

• Special-condition charges, legal fees, search fees, transfer fees and seller-cost reimbursements may apply.

• No rental evidence or property-condition assessment is supplied.

Recommendation

Proceed only after reviewing the legal pack and confirming retirement restrictions, lease terms, charges and all fees. Do not rely on BTL, BRRR or flip returns at this stage.

Strategy Rating

Analysis Confidence

Completed-sale evidence exists but is inconsistent and may not identify the exact flat; rental, condition, service-charge, lease-cost and full-fee evidence is absent.