Flat C, 30 Fonthill Road, Finsbury Park, London, N4 3HU

Description

A one bedroom second floor flat. The property forms part of an attractive mid terrace converted building. In need of modernisation. Vacant.

Accommodation

First Floor - Entrance Hallway. Second Floor - Reception Room, Kitchen, Bedroom, Bathroom/WC.

Location

Located on Fonthill Road, accessed off Moray Road. Local shops and independent cafes on Stroud Green Road and Hornsey Road are conveniently close by, while the extensive shopping and commercial facilities of City North and the Holloway Road are all easily accessible. The leisure and recreational activities of Finsbury Park, the Parkland Walk, and the Park Theatre are within easy reach. Transport Finsbury Park - Great Northern, Thameslink, Piccadilly, Victoria. Crouch Hill - Suffragette.

Tenure / Property Information

Investment Analysis

The supplied completed sales on Fonthill Road range from £297,500 to £753,000, but bedroom count, floor area, condition and lease terms are not provided, so they are not sufficiently specific to support a reliable GDV for this one-bedroom flat. The £180,000 guide is not a valuation and excludes an unspecified buyer fee and potentially VAT or other charges.

Investment Snapshot

Strategy Recommendation

Do not bid on the current evidence alone. Obtain the legal pack, inspect the flat, confirm the buyer premium and all charges, and obtain local one-bedroom rental and comparable-sale evidence before considering a refurbishment-led resale or letting strategy.

Works Required

Modernisation of the vacant one-bedroom flat, subject to inspection and the legal pack. The evidence does not specify individual defects or required works, so no detailed scope or cost can be supported.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

A BRRR assessment cannot be quantified. There is no supported refurbishment budget, rent, GDV or finance-cost information. The new 990-year lease is potentially relevant, but its full terms require legal-pack review.

Buy-to-Let Analysis

BTL analysis cannot be quantified because no sufficiently specific rental evidence or auctioneer rent estimate is supplied. Costs, buyer premium, VAT and other sale charges are also incomplete.

Flip Analysis

A flip surplus cannot be calculated because the comparable sales are not sufficiently specific to establish GDV, refurbishment costs are unavailable, and no supported selling-cost allowance is provided.

Investor Risks & Due Diligence

• Buyer fee amount is unspecified and VAT or other seller charges may apply.

• The new 990-year lease and associated terms require review of the legal pack.

• The flat is vacant and described as needing modernisation, but the scope and cost of works are not provided.

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

• Supplied completed sales vary substantially and lack size, bedroom, condition and lease-term detail for reliable valuation comparison.

Recommendation

Do not bid on the current evidence alone. Obtain the legal pack, inspect the flat, confirm the buyer premium and all charges, and obtain local one-bedroom rental and comparable-sale evidence before considering a refurbishment-led resale or letting strategy.

Strategy Rating

Analysis Confidence

The property description and guide are supplied, but there is no floor area, detailed condition schedule, rental evidence, buyer-fee amount, full lease information or sufficiently matched comparable evidence.