Flat 9, Poseidon Court, Spinnaker Close, BARKING, Essex, IG11 0GR

Description

Leasehold first floor flat Location: Poseidon Court is located on Spinnaker Close. Shopping amenities are available locally within Barking Town Centre with a more comprehensive range of shops, bars and restaurants found within Central London lying to the west. Public transport links are available at Barking Riverside London Overground Station located to the south and at Upney London Underground Station (District Line) lying to the north along with a network of local bus services serving the surrounding areas. The property is served by road links including the A13 located to the north. Recreational pursuits can be found at The Ripple Nature Reserve lying to the east. Accommodation: Two bedrooms, reception room, kitchen, bathroom/wc Outside: Balcony EPC Rating: C Council Tax Band: C Lease: Held on a lease for a term of 125 years from 01/01/2000 at a ground rent of £TBC per annum. To view: 28/8, 5/9 at 10am No booking required – Please arrive at the time stated.

Location

Poseidon Court is located on Spinnaker Close. Shopping amenities are available locally within Barking Town Centre with a more comprehensive range of shops, bars and restaurants found within Central London lying to the west. Public transport links are available at Barking Riverside London Overground Station located to the south and at Upney London Underground Station (District Line) lying to the north along with a network of local bus services serving the surrounding areas. The property is served by road links including the A13 located to the north. Recreational pursuits can be found at The Ripple Nature Reserve lying to the east. Accommodation: Two bedrooms, reception room, kitchen, bathroom/wc Outside: Balcony

Investment Analysis

Investment Snapshot

Property & Refurbishment

Initial feasibility allowance: £5,000–£15,000. 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: Buy-to-Let / Owner-Occupier. 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

Buy-to-Let: ★★★★☆

BRRR: ★★★☆☆

Flip: ★★★☆☆