Flat C, 13 Morat Street, Stockwell, London

Description

Two bedroom second floor flat; well located for the amenities of Stockwell and Oval; in need of modernisation; vacant.

Accommodation

Second Floor - Reception Room, Two Bedrooms, Kitchen, Bathroom/WC

Location

The property is situated in the residential area of Stockwell, South London, within easy reach of a range of local shops, supermarkets, cafés and everyday amenities. The wider areas of Brixton and Vauxhall are also easily accessible, offering an excellent choice of shopping, restaurants, bars and leisure facilities. Nearby green spaces include Eythorne Park and Slade Gardens. The property is conveniently positioned between Oval and Stockwell Underground stations, both approximately 0.4 miles away, providing Northern line services, with Stockwell also offering Victoria line connections.

Tenure / Property Information

Investment Analysis

Recent same-street completed sales range from £475,000 to £578,500 in November–December 2025. A base GDV of £527,000 is estimated as the midpoint of these two recent sales, with £475,000 as the low scenario and £578,500 as the high scenario. Comparability is uncertain because floor areas, condition and specification are not supplied. The guide is materially below these sale prices, but buyer fees, VAT and refurbishment costs are not quantified.

Investment Snapshot

Strategy Recommendation

Potential BTL or BRRR purchase subject to a full survey, confirmation of achievable rent, leasehold due diligence and a complete auction-cost and refurbishment budget. Do not bid above a separately costed limit.

Works Required

Modernisation of the vacant two-bedroom flat, based on the description. The evidence does not identify specific defects, required trades or a costed scope, so no refurbishment allowance is assumed.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

Using the base GDV estimate, 75% refinance would equate to approximately £395,250. However, total project cost cannot be calculated because refurbishment, buyer fee, VAT and other charges are unknown. The apparent refinance headroom over the guide is therefore not a measure of cash left in after completion and works.

Buy-to-Let Analysis

At the £310,000 guide, the single advertised asking rent of £2,946 pcm implies annual rent of £35,352 and a headline gross yield of approximately 11.4%. This is not an achieved rent and there is no rent range, cost information or buyer fee supplied. The BTL case therefore requires confirmation of achievable rent, refurbishment cost and all leasehold and auction charges.

Flip Analysis

The recent same-street sales support a base GDV estimate of £527,000, but a flip surplus cannot be calculated without a refurbishment allowance, buyer charges, selling costs and VAT treatment. The property is described as needing modernisation, so the apparent difference between guide and GDV should not be treated as profit.

Investor Risks & Due Diligence

• Refurbishment scope and cost are unspecified; the property is expressly described as needing modernisation.

• The rental evidence is a single advertised asking rent rather than an achieved or passing rent.

• Auction buyer fees and possible VAT are not quantified.

• Comparable sales are same-street evidence but differences in size, condition and specification are unknown.

• EPC, council tax, parking, heating and other property due-diligence information are not supplied.

• The property is leasehold, although the stated lease is very long; other lease terms and charges are not supplied.

Recommendation

Potential BTL or BRRR purchase subject to a full survey, confirmation of achievable rent, leasehold due diligence and a complete auction-cost and refurbishment budget. Do not bid above a separately costed limit.

Strategy Rating

Analysis Confidence

There are two recent same-street completed sales and one advertised rent, but no floor areas, detailed condition report, refurbishment costs, buyer fees, VAT, leasehold charges or achieved rental evidence.