Flat 5, 62 Coombe Road, Croydon, Surrey

Description

A Vacant Second Floor One Bedroom Flat in Need of Modernisation

Accommodation

Second Floor: Reception Room, Kitchen, Bedroom, Bathroom

Location

Situated on a residential road close to local shops and amenities. The open spaces of Lloyd Park are within easy reach. Transport links are provided by South Croydon rail station.

Tenure / Property Information

Investment Analysis

The same-address completed sale at £100,000 on 15 August 2025 provides some evidence, but the other sales are at different addresses and lack size, bedroom and condition details. A reliable GDV range cannot be established. The flat is vacant, requires modernisation and has approximately 78 years remaining on the lease.

Investment Snapshot

Strategy Recommendation

Do not bid without inspecting the property, reviewing the legal pack and obtaining refurbishment, lease and resale evidence.

Works Required

Modernisation of the reception room, kitchen, bedroom and bathroom as supported by the description. The scope and cost of works require inspection and contractor quotations.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

A BRRR assessment cannot be completed without supported refurbishment costs, rent, GDV and finance assumptions. The approximately 78-year lease may also affect refinanceability and valuation.

Buy-to-Let Analysis

BTL analysis cannot be completed because no sufficiently specific rental evidence or auctioneer rent estimate is supplied. The flat is vacant and requires modernisation.

Flip Analysis

A flip surplus cannot be calculated. Although a same-address sale at £100,000 is recorded, the evidence is insufficient to establish a resale GDV, works budget or selling allowance.

Investor Risks & Due Diligence

• Approximately 78 years remain on the lease.

• The property is described as needing modernisation, but the scope and cost are unknown.

• No sufficiently specific rental evidence is available.

• GDV cannot be reliably established from the supplied comparables.

• Buyer disbursements and other possible legal, search and transfer charges are unspecified.

Recommendation

Do not bid without inspecting the property, reviewing the legal pack and obtaining refurbishment, lease and resale evidence.

Strategy Rating

Analysis Confidence

There is one same-address completed sale and several less-specific nearby sales, but no rent, works budget, property measurements, service-charge information or detailed legal-pack evidence.