Flat A, 58 Morat Street, Stockwell, London, SW9 0RR

Description

By order of a major housing association. Long leasehold self-contained garden flat requiring updating. Full vacant possession.

Accommodation

Entrance hall, one bedroom, reception room, kitchen, bathroom/WC. Outside: rear patio garden. Approx. 60m² / 650 sq ft.

Location

Situated on Morat Street, well positioned for the amenities of Stockwell, Kennington, Oval, Southwark and Clapham. Transport options include local bus routes, rail connections via Stockwell and Oval, or road links via A3 and A23.

Tenure / Property Information

Investment Analysis

The strongest supplied evidence is 50 Morat Street, which sold for £520,000 on 8 July 2025. Other same-street flat/maisonette sales range from £475,000 to £487,000 between 2020 and 2022. These comparables do not provide floor area, condition, bedroom count or exact layout, so they support only an indicative GDV range rather than a formal valuation. The subject is offered at a £329,000 guide, but the lease position, service charge, ground rent and any seller fees remain unconfirmed.

Investment Snapshot

Strategy Recommendation

Proceed only conditionally and subject to reviewing the lease, service-charge and ground-rent information, special conditions, inspection findings and a detailed refurbishment budget. The apparent discount supports further investigation for a value-add resale or refinance, but the evidence is insufficient for an unconditional bid.

Works Required

Update the vacant self-contained garden flat, including the kitchen, bathroom/WC, decoration and finishes, subject to inspection. No quantified scope or specification is supplied, so a reliable works allowance cannot be established.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

Using the indicative £520,000 base GDV, 75% refinance would be approximately £390,000. However, cash left in cannot be calculated because the refurbishment cost, lease costs, service charge and any additional completion fees are unconfirmed. The lease must be reviewed before relying on refinanceability.

Buy-to-Let Analysis

BTL analysis cannot be completed because no sufficiently specific rental comparable or auctioneer rent estimate is supplied. The advertised guide is £329,000 and the known buyer administration charge is £1,800 inclusive of VAT, but refurbishment, lease-related charges and any seller fees are unknown.

Flip Analysis

The supplied evidence indicates a substantial headline spread between the £329,000 guide and the indicative £520,000 base GDV. A reliable flip surplus cannot be calculated because works, selling costs, finance costs and any seller-charged completion fees are not supplied. The comparables also lack matching size and condition details.

Investor Risks & Due Diligence

• Lease information is awaited, including years remaining, service charge, ground rent and review provisions.

• The flat is described as requiring updating, but the scope and cost of works are unknown.

• No sufficiently specific rental evidence or auctioneer rent estimate is supplied.

• Additional seller fees may be payable on completion but are not specified.

• The comparable sales do not provide sufficient detail to confirm direct comparability with this 60m² one-bedroom garden flat.

• Parking and heating information are unconfirmed.

Recommendation

Proceed only conditionally and subject to reviewing the lease, service-charge and ground-rent information, special conditions, inspection findings and a detailed refurbishment budget. The apparent discount supports further investigation for a value-add resale or refinance, but the evidence is insufficient for an unconditional bid.

Strategy Rating

Analysis Confidence

Same-street completed sales and the guide price are available, but the comparables lack size and condition details; rent, refurbishment costs, lease particulars, service charges and possible seller fees are unavailable.