Flat 4 Carlisle House, Dartmouth Park Hill, Tufnell Park, London, NW5 1HS

Description

Vacant long leasehold self-contained first floor flat with a reception room, three bedrooms, kitchen and bathroom. GIA approximately 71.1 sq m (765 sq ft).

Accommodation

Reception room, three bedrooms, kitchen and bathroom; GIA approximately 71.1 sq m (765 sq ft)

Location

Situated on the east side of Dartmouth Park Hill. Tufnell Park underground station (Northern line) is approximately 0.2 miles to the south. The shops and amenities of Tufnell Park are to the south, the A1 is to the east and Dartmouth Park is to the north.

Tenure / Property Information

Investment Analysis

Vacant three-bedroom, 765 sq ft leasehold flat in Tufnell Park, approximately 0.2 miles from Tufnell Park Underground station. The proposed 990-year lease at a peppercorn ground rent is favourable, but no completed sales evidence or formal valuation evidence has been supplied. The £284,000+ guide is therefore not sufficient to establish GDV or market value. The only rental evidence is an advertised asking rent of £3,350 pcm, not an achieved rent.

Investment Snapshot

Strategy Recommendation

Potential BTL subject to confirming the achievable rent, service charge, condition, lease documentation and all auction costs. Do not bid solely on the headline yield or guide price; BRRR and flip strategies require valuation and cost evidence first.

Works Required

No specific defects or refurbishment requirements are evidenced. Allowance cannot be quantified; undertake full inspection and address only confirmed condition, compliance or presentation items.

Rental & Market Context

Potential BRRR Position

BRRR analysis cannot be completed reliably because no GDV, refurbishment budget, completed comparables, finance costs or buyer/admin fees are supplied. The long new lease and peppercorn ground rent may assist refinanceability, but achievable value and refinance proceeds remain unsupported.

Buy-to-Let Analysis

At the £284,000 guide, the advertised £3,350 pcm rent implies a headline gross yield of approximately 14.15%. This is based on asking rent rather than achieved rent and excludes finance, voids, management, maintenance, service charge, tax, legal costs and auction-related costs. A reliable net yield cannot be established from the supplied evidence.

Flip Analysis

A flip surplus cannot be calculated because no completed sales evidence, GDV, condition assessment, works budget or selling-cost allowance has been supplied. The guide price should not be treated as resale value.

Investor Risks & Due Diligence

• The £3,350 pcm figure is an advertised asking rent rather than an achieved or guaranteed rent.

• No completed sales comparables or formal GDV evidence are supplied.

• Property condition and any refurbishment requirement are unknown.

• Buyer premium, admin charge and other seller or third-party fees are unspecified.

• Service charge, council tax, EPC, heating and parking information are not supplied.

• Auction guide price may not represent market value or the eventual purchase price.

Recommendation

Potential BTL subject to confirming the achievable rent, service charge, condition, lease documentation and all auction costs. Do not bid solely on the headline yield or guide price; BRRR and flip strategies require valuation and cost evidence first.

Strategy Rating

Analysis Confidence

Property description, tenure, lease terms, guide price and one advertised rental figure are supplied, but there are no sold comparables, condition details, service-charge information, EPC, buyer/admin fees or formal valuation evidence.