Flat 82, Beasley House, Carlton Grove, LONDON, London, SE15 2FE

Description

Leasehold second floor flat

Accommodation

One bedroom, reception room open plan to kitchen, bathroom/wc. Outside: Balcony.

Location

Beasley House is located on Carlton Grove close to its junction with Queen’s Road (A202). Shopping amenities are available locally within Peckham, with a further range of amenities found in Greenwich lying to the east and Central London located to the north. Public transport links are available at Queens Road Peckham Train Station lying to the east, along with a network of local bus services serving the surrounding areas. The property is served by road links including the A202 and the A2 lying to the north. Recreational pursuits can be found at Cossall Park located to the south.

Tenure / Property Information

Investment Analysis

The two supplied completed sales at Beasley House (£590,000 and £140,000) are materially inconsistent and provide no flat number, bedroom, size, floor or condition details. They cannot reliably establish this flat’s GDV. The £250,000 guide is an auction guide, not a valuation. Lease length, service charge and ground rent are also unknown.

Investment Snapshot

Strategy Recommendation

Do not bid on current evidence. First obtain the lease term, service charge, ground rent and review provisions, legal pack, special conditions, any seller fees, and reliable unit-specific valuation and rental evidence.

Works Required

No physical defects or refurbishment requirements are evidenced. Obtain the legal pack and inspect the flat before budgeting for works; only the stated one-bedroom layout, balcony and EPC B are confirmed.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

BRRR cannot be underwritten because GDV, rent, lease term, service charge, ground rent and refurbishment costs are unsupported. Refinance proceeds cannot be calculated. The known buyer administration charge is £1,800 inclusive of VAT, with possible additional seller fees under the special conditions.

Buy-to-Let Analysis

No sufficiently specific rental comparable or auctioneer rent estimate is supplied, so rent and gross yield cannot be established. Ground rent and service charge are also unknown and would materially affect net returns.

Flip Analysis

A flip appraisal is not supportable. The supplied same-building sales are too inconsistent and lack unit-specific characteristics; works and selling costs are also not evidenced. A reliable resale surplus cannot be calculated.

Investor Risks & Due Diligence

• Remaining lease term is unknown.

• Annual service charge and ground rent, including review provisions, are unknown.

• No reliable property-specific rental evidence is supplied.

• The two supplied same-building sales show a substantial unexplained price disparity.

• Potential additional seller fees may apply under the special conditions of sale.

• Parking and heating arrangements are unknown.

• The £1,800 buyer administration charge is payable, in addition to any applicable purchase costs.

Recommendation

Do not bid on current evidence. First obtain the lease term, service charge, ground rent and review provisions, legal pack, special conditions, any seller fees, and reliable unit-specific valuation and rental evidence.

Strategy Rating

Analysis Confidence

Basic property and guide information is supplied, but lease details, occupancy, costs, rent, condition, refurbishment budget and reliable comparable evidence are incomplete or unavailable.