Flat 41, Westland House, Rymill Street, London, E16 2LF

Description

Long leasehold eleventh floor purpose built self-contained flat requiring modernisation. Accommodation: Eleventh floor: Two bedrooms, reception room with balcony, kitchen, bathroom, separate WC, entrance hallway Gross Internal Area GIA: Approximately 63 sq m (679 sq ft)

Location

The property is situated on Rymill Street between its junctions with Docklands Street and Pier Road. Public transport links include King George V DLR station together with a network of local bus services serving the surrounding vicinity, plus easy access to North Woolwich Pier/Woolwich Ferry and London City Airport. Road links include the A13 and A406. Shopping amenities can be found locally within Albert Road and Gallions Reach Shopping Park, with an extensive range of shops, bars and restaurants being found in the wider Royal Docks and Canary Wharf area. Recreational pursuits can be found locally at the open spaces of Royal Victoria Gardens, Thames Barrier Park, Beckton Park and Thames-side riverside walks.

Investment Analysis

Investment Snapshot

Property & Refurbishment

Initial feasibility allowance: £15,000–£30,000. This is not a contractor quotation and should be confirmed following inspection and detailed scope.

Rental Analysis

No reliable auctioneer-published current rent was identified in the supplied scrape. Market rent should be independently verified before bidding.

GDV / Resale Analysis

No independent RICS/Land Registry comparable valuation has been inserted solely from the scraped auction data. End value should be confirmed against recent genuinely comparable transactions before bidding.

Properties Sold Within Approx. 5 Miles

No independently verified sold comparables are inserted from the auction scrape alone. Confirm recent Land Registry/RICS comparable evidence before relying on a GDV.

Investor Risks & Due Diligence

• Review the full legal pack and title before bidding

• Confirm all auction administration / contract charges

• Verify property condition and obtain appropriate surveys

• Confirm refurbishment costs with contractor quotations

• Confirm lease length, ground rent, service charge and major works

Recommendation

Preferred strategy: Refurbishment & Resale. This recommendation is an initial appraisal based on the auctioneer's published property information and should be tested against the legal pack, inspection, finance and local market evidence.

Strategy Rating

Flip: ★★★★☆

BRRR: ★★★☆☆

Buy-to-Let: ★★★☆☆