Flat C, 14 Aldrington Road, London

Description

Studio flat; Ground floor; In need of modernisation; New 125 year lease; Peppercorn ground rent; Vacant

Accommodation

Ground Floor - Studio Room, Kitchen, Bathroom / WC

Location

Situated close to the junction of Mitcham Lane. Shopping facilities can be found locally on Streatham High Road along with a good selection of cafes bars and restaurants. Recreational facilities can be found on Tooting Common and Streatham Common which are both close by. Nearby road connections are via the A214 and A23. Transport National Rail Tooting Streatham Common

Tenure / Property Information

Investment Analysis

The £125,000 guide is not independently assessable from the supplied evidence. The sold comparables are for 4A Aldrington Road, not Flat C, and show widely varying prices without sizes, bedroom counts, condition or transaction context. No supported GDV or maximum bid can therefore be calculated.

Investment Snapshot

Strategy Recommendation

Do not bid on the present evidence alone. Obtain a survey, confirm the exact lease and legal pack, establish a local studio valuation and obtain supported rental evidence before setting a bid limit.

Works Required

Modernisation of the vacant ground-floor studio, kitchen and bathroom/WC as required. The evidence does not provide sufficient detail to specify further works or a cost allowance.

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 supported refurbishment costs, market value/GDV, rent and total acquisition costs. The new 125-year lease and peppercorn ground rent are positive tenure features, but they do not establish refinance value or cash released.

Buy-to-Let Analysis

BTL analysis cannot be established because no sufficiently specific rental comparable or auctioneer rent estimate is supplied. The guide price, unknown buyer premium and possible VAT or seller charges also prevent a reliable total-cost yield calculation.

Flip Analysis

A flip surplus cannot be calculated. The supplied sales are for a different flat and vary materially, while no supported refurbishment budget or selling-cost allowance is provided.

Investor Risks & Due Diligence

• The flat is stated to be in need of modernisation, but the scope and cost of works are unknown.

• The supplied sold comparables relate to 4A Aldrington Road rather than Flat C and have widely varying prices.

• No sufficiently specific rental evidence or passing rent is supplied.

• The buyer premium is not quantified, and VAT and seller charges may apply under the sale conditions.

• Unknown legal-pack, survey and lease-compliance matters remain to be verified before bidding.

Recommendation

Do not bid on the present evidence alone. Obtain a survey, confirm the exact lease and legal pack, establish a local studio valuation and obtain supported rental evidence before setting a bid limit.

Strategy Rating

Analysis Confidence

Property description and tenure are supplied, but there is no reliable subject-property valuation evidence, rental evidence, refurbishment budget, council tax information or quantified auction costs.