Flat B, 9, Oxford Road, London

Description

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

Accommodation

Entrance hall, one bedroom, reception room, kitchen, bathroom/WC. Approx. 50m² / 537 sq ft.

Location

Situated on Oxford Road, well positioned for the amenities of Finsbury Park, Haringey, Islington and Stoke Newington. Transport options include local bus routes, rail connections via Finsbury Park and Crouch Hill, or road links via the A1, A10 and A406 North Circular.

Tenure / Property Information

Investment Analysis

The £310,000 guide is the only current pricing indication supplied. Sold evidence on Oxford Road ranges from £385,000 to £870,000, but the comparables lack bedroom, size, floor, condition and lease-detail information, so a supported GDV cannot be established. The £870,000 2025 sale is particularly unsuitable to rely on without confirmed comparability.

Investment Snapshot

Strategy Recommendation

Do not bid on the supplied evidence alone. Obtain the auction legal pack, lease and service-charge details, confirm any seller fees, inspect the updating requirement, and obtain reliable local rent and valuation evidence before setting a bid.

Works Required

Updating is required, as stated in the description. The scope and cost of works are not supplied, so no specific refurbishment budget or additional works can be confirmed.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

A BRRR assessment cannot be completed without a supported GDV, refurbishment cost, rent, service charge and confirmed lease details. The supplied 990-year new lease at a peppercorn ground rent is potentially helpful, but the remaining lease and other lease information are still to be confirmed.

Buy-to-Let Analysis

BTL analysis cannot be established because no sufficiently specific rental comparable or auctioneer rent estimate is provided. Service charge and other lease costs are also awaiting confirmation.

Flip Analysis

A flip surplus cannot be calculated because the comparables are not sufficiently specific to support a GDV, the updating cost is unknown, and no selling-cost allowance is supplied. The known buyer documentation fee is £1,800 inclusive of VAT, with possible additional seller fees also noted.

Investor Risks & Due Diligence

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

• The cost and scope of the required updating are not provided.

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

• The sold comparables lack sufficient specification to support a current GDV.

• The seller may charge additional completion fees under the Special Conditions of Sale.

• Parking and heating information require confirmation from the Auction centre.

Recommendation

Do not bid on the supplied evidence alone. Obtain the auction legal pack, lease and service-charge details, confirm any seller fees, inspect the updating requirement, and obtain reliable local rent and valuation evidence before setting a bid.

Strategy Rating

Analysis Confidence

The property description, guide price, one known buyer charge and historic/local sold evidence are supplied, but rental evidence, works costs, comparable specifications, lease details and possible completion fees are incomplete.