Flat 5 Park House 643-651, Feltham, Middlesex, TW14 8PA

Description

Auction House North West have not inspected but have been advised that this is a one-bedroom apartment residing on the ground floor of this purpose-built block. The property is well located for all amenities including Heathrow Airport, approximately 2 miles away. Central London is approximately 15 miles away. Taken from the EPC, the total approximate floor area is 40m2.

Accommodation

Open-plan living room and kitchen, one bedroom and a bathroom.

Location

Well located for all amenities, including Heathrow Airport approximately 2 miles away. Central London is approximately 15 miles away.

Tenure / Property Information

Investment Analysis

Sold evidence in the same block ranges from £210,000 to £385,000. The £385,000 sale is materially above the other supplied evidence and may not be directly comparable because bedroom count, floor area, condition and lease details are unavailable. A cautious base GDV of £225,000 uses the repeated same-block evidence, with £210,000 as a low scenario and £385,000 as a high evidence point. The subject is 40m², but comparable sizes and condition are unknown.

Investment Snapshot

Strategy Recommendation

Proceed only subject to legal-pack review, inspection and confirmation of service-charge, ground-rent and lease details. The guide appears below the cautious same-block GDV evidence, but high service charges and uncertain condition make a conservative buy-to-let or flip decision necessary.

Works Required

No refurbishment requirement is evidenced because the auctioneer has not inspected the property. Allow for inspection, legal-pack review and any works only if identified after inspection or in the legal pack.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

Using the £225,000 base GDV, 75% refinancing indicates £168,750. Against the £130,000 guide plus the 1.2% buyer premium of £1,560, this gives an indicative pre-works/pre-tax surplus of £37,190. However, no refurbishment allowance, finance costs, taxes, valuation costs or additional auction disbursements are evidenced, and the refinance valuation is uncertain because comparable details are incomplete.

Buy-to-Let Analysis

The supplied advertised rent is £550 pcm, producing £6,600 annual gross rent and a 5.08% gross yield on the £130,000 guide. The £3,392 annual service charge and £230 ground rent total £3,622, subject to the legal pack, leaving only £2,978 before other ownership, finance, void and management costs. The rental evidence is not confirmed for this specific flat and is an asking rent, so the investment case is weak on the supplied evidence.

Flip Analysis

At the £130,000 guide plus the £1,560 buyer premium, the acquisition-only cost is £131,560. The £225,000 base GDV suggests substantial theoretical headroom before works, selling costs, finance, tax and any additional legal or auction disbursements. A reliable flip surplus cannot be established because no condition-based works allowance or supported selling-cost allowance is available.

Investor Risks & Due Diligence

• Auctioneer has not inspected the property, so condition and works requirements are unknown.

• Service charge of £3,392 per annum and ground rent of £230 per annum are subject to the legal pack.

• The £550 pcm rent is an advertised asking rent and is not confirmed for this flat.

• Comparable sale prices lack bedroom, size, condition and lease-detail information; the £385,000 sale is materially higher than the other evidence.

• Additional seller costs, legal fees, transfer fees, searches and other disbursements may apply.

• Lease terms and remaining lease length require legal-pack verification despite the stated 125-year lease from 2016.

Recommendation

Proceed only subject to legal-pack review, inspection and confirmation of service-charge, ground-rent and lease details. The guide appears below the cautious same-block GDV evidence, but high service charges and uncertain condition make a conservative buy-to-let or flip decision necessary.

Strategy Rating

Analysis Confidence

Same-block sold evidence and basic lease, rent and cost data are available, but the property was not inspected, comparable specifications are missing, the rental evidence is only an area asking rent, and the legal-pack charges remain subject to confirmation.