Flat 4 Wendover House, 141 Palmerston Road, Wood Green, London, N22 8QY

Description

A Vacant Ground Floor One Bedroom Flat. The property comprises a ground floor one bedroom flat situated within a purpose built block arranged over ground and two upper floors.

Accommodation

Ground Floor: Bedroom; Reception Room with Open Plan Kitchen; Bathroom

Location

The property is situated on a residential road close to local shops and amenities. The open spaces of Amos Park are within easy reach. Transport links are provided by Bounds Green underground station (Piccadilly line) and Bowes Park rail station.

Tenure / Property Information

Investment Analysis

Same-building sold evidence ranges from £120,000 to £192,000, but bedroom count, condition, lease length and specification are not supplied. The comparability is therefore insufficient to support a reliable GDV, particularly with approximately 60 years remaining on this lease.

Investment Snapshot

Strategy Recommendation

Do not bid on the current evidence alone. Obtain the legal pack, inspect the flat, confirm lease terms and costs, and obtain valuation and rental evidence before considering purchase.

Works Required

No specific defects or refurbishment requirements are evidenced. Verify condition, communal liabilities and lease requirements before budgeting any works.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

BRRR analysis cannot be established without supported rent, refurbishment costs and GDV. The approximately 60-year lease is a material refinancing and resale consideration.

Buy-to-Let Analysis

BTL analysis cannot be established because no sufficiently specific rental evidence or auctioneer rent estimate is provided. The approximately 60-year lease may also affect mortgageability and resale, subject to lender criteria.

Flip Analysis

A flip appraisal cannot be reliably calculated. Same-building sales provide context, but the evidence does not establish an adjusted resale value for this one-bedroom flat or account for the short lease, works, selling costs or disbursements.

Investor Risks & Due Diligence

• Approximately 60 years unexpired on the lease may restrict mortgageability, refinancing and resale.

• Same-building comparables lack bedroom, condition, size and lease-length details.

• No sufficiently specific rental evidence is available.

• Legal-pack disbursements may be payable but are unknown.

• £1,800 buyer administration charge applies, with other fees potentially payable.

Recommendation

Do not bid on the current evidence alone. Obtain the legal pack, inspect the flat, confirm lease terms and costs, and obtain valuation and rental evidence before considering purchase.

Strategy Rating

Analysis Confidence

There is same-building sales evidence, but no sufficiently specific rental evidence, no condition or works information, no leasehold cost details and no comparable bedroom or lease specifications.