Flat 4, 12 Kings Avenue, Ealing, London

Description

A one bedroom first floor flat. The property forms part of an attractive detached building and benefits from use of the communal garden. In need of modernisation. Vacant.

Accommodation

First Floor - Entrance Hallway, Reception Room, Kitchen, Bedroom, Bathroom/WC.

Location

Ealing is a suburban district in West London within the London Borough of Ealing. Local amenities are easily accessible. Recreational amenities include access to local parks and green spaces within Ealing, along with leisure and cultural facilities concentrated around Ealing Broadway and the wider area. Strong transport connections with Ealing Broadway Station providing underground and rail services within convenient distance, offering links across London. Transport Ealing Broadway - Elizabeth line, GWR, Central, District. North Ealing - Piccadilly.

Tenure / Property Information

Investment Analysis

No completed-sale comparables or formal valuation evidence is supplied, so GDV and market value cannot be reliably estimated. The £180,000 guide is the only purchase-price evidence. The property is vacant, leasehold, has a new 990-year lease stated to be granted on completion, and requires unspecified modernisation. Rental evidence comprises advertised asking rents of £1,850 pcm for a specific one-bedroom W5 flat and £2,100 pcm as an Ealing average; these are not achieved rents.

Investment Snapshot

Strategy Recommendation

Consider only as a conditional buy-to-let at or below the guide after confirming the legal pack, lease terms, service charges, achievable rent and a detailed modernisation quotation. Do not pursue a flip or BRRR basis without valuation and cost evidence.

Works Required

Modernisation of the flat, with the precise scope and cost to be confirmed from inspection and the legal pack. The supplied evidence does not identify specific defects or works beyond the stated need for modernisation.

Rental & Market Context

Potential BRRR Position

BRRR cannot be underwritten from the supplied evidence. No GDV, refurbishment budget, buyer fees, seller charges, service-charge information or refinance valuation is provided. The stated new 990-year lease may be relevant, but its full terms require legal-pack review.

Buy-to-Let Analysis

At the £180,000 guide, the supplied asking-rent range of £1,850–£2,100 pcm implies an indicative gross yield of approximately 12.33%–14.00% before refurbishment, finance, service charges, management, voids, tax and auction costs. The yield cannot be fully underwritten because the rent evidence is asking rent only and total acquisition and works costs are unknown.

Flip Analysis

A flip surplus cannot be calculated because there are no completed-sale comparables, supported GDV, refurbishment costs or selling-cost allowance. The property is described as needing modernisation, creating cost and resale-value uncertainty.

Investor Risks & Due Diligence

• Modernisation scope and cost are unspecified.

• The rental evidence is advertised asking rent rather than achieved rent or passing rent.

• Buyer fees, VAT treatment, seller charges and other acquisition costs are not supplied.

• No completed-sale comparables or formal GDV evidence are available.

• The new 990-year lease and other lease terms require review of the legal pack.

• Service charges, ground rent and heating arrangements are not supplied.

Recommendation

Consider only as a conditional buy-to-let at or below the guide after confirming the legal pack, lease terms, service charges, achievable rent and a detailed modernisation quotation. Do not pursue a flip or BRRR basis without valuation and cost evidence.

Strategy Rating

Analysis Confidence

The address, tenure, occupancy, guide price, lease statement and two rental asking-price references are supplied, but there are no completed-sale comparables, refurbishment costs, buyer/admin fees, service charges, seller charges, or formal valuation evidence.