Flat 6 Swallowfields House, 34 Lovelace Gardens, Surbiton, Surrey, KT6 6SD

Description

A Vacant First Floor One Bedroom Flat. The property comprises a first floor one bedroom flat situated within a detached building arranged over ground and two upper floors.

Accommodation

First Floor: Reception Room, Open Plan Kitchen, Bedroom, Bathroom. Exterior: The property benefits from communal gardens and off street parking.

Location

The property is situated on a residential road close to local shops and amenities. The open spaces of Victoria Recreation Ground are within easy reach. Transport links are provided by Surbiton rail station.

Tenure / Property Information

Investment Analysis

Current market value cannot be reliably established from the supplied evidence. The only sold comparables are materially historic (£80,000 in 2007 and £295,000 in 2000) and are inconsistent. No current valuation evidence or supported GDV is available.

Investment Snapshot

Strategy Recommendation

Treat as a potential BTL only subject to inspection, legal-pack review and validation of achievable rent. Do not rely on the historic comparables or bid without establishing current value and total costs.

Works Required

No specific defects or refurbishment requirements are evidenced. Allowance cannot be estimated; inspect condition, kitchen, bathroom, services and communal arrangements before bidding.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

BRRR analysis is unsupported because no reliable current GDV, refurbishment budget or full acquisition-cost figure is available. The £1,800 administration charge is known, but other fees may apply.

Buy-to-Let Analysis

The supplied advertised asking rent near Surbiton Station is £1,350 pcm, implying £16,200 annual gross rent and 8.76% gross yield against the £185,000 guide. This is not an achieved rent and may not relate specifically to the flat. Total-cost yield cannot be established because refurbishment, buyer fees and disbursements are unknown.

Flip Analysis

A flip surplus cannot be calculated because current resale value, works cost and selling costs are not supported. The historic comparables are insufficient for a current resale assessment.

Investor Risks & Due Diligence

• Current valuation evidence is absent; the supplied sold comparables are historic and inconsistent.

• The £1,350 pcm figure is an advertised asking rent for properties near Surbiton Station, not an achieved rent specifically for this flat.

• Property condition and refurbishment requirements are not evidenced.

• Buyer disbursements, legal fees, transfer fees and other special-condition costs may apply.

• Vacant possession means no passing rental income is confirmed.

Recommendation

Treat as a potential BTL only subject to inspection, legal-pack review and validation of achievable rent. Do not rely on the historic comparables or bid without establishing current value and total costs.

Strategy Rating

Analysis Confidence

Property details, tenure, lease length and guide are supplied, but current comparable evidence, condition, full fees, achieved rent and GDV are unavailable.