Flat D, 14 Aldrington Road, London

Description

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

Accommodation

Ground Floor - Reception Room / Bedroom, Kitchen, Bathroom / WC

Location

Situated on the junction of Firtree Close. Shopping facilities can be found on Mitcham Lane and Streatham High Road along with a good selection of cafes, bars and restaurants. Recreational facilities can be found at Streatham Common and Tooting Common, which are both within easy reach. Nearby road connections are via the A23 and A216. Transport: National Rail Streatham Common.

Tenure / Property Information

Investment Analysis

The supplied completed sales are for 4A Aldrington Road and range from £355,000 to £580,000, but they do not establish the value of this ground-floor studio. The evidence does not provide sufficiently comparable studio sales, floor area, condition detail or a supported GDV. The guide is £150,000, excluding an unspecified buyer fee and any seller charges or VAT under the special conditions.

Investment Snapshot

Strategy Recommendation

Do not bid on the current evidence alone. First verify the lease, service charge and special conditions, obtain a measured valuation, inspect the flat and price the modernisation works. Reassess only if the resulting margin supports the unknown fees and risks.

Works Required

Modernisation is required, but the evidence does not specify the scope or condition of individual elements. Obtain a survey and contractor quotations before budgeting for works.

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 post-works value, refurbishment budget and rent. The new 125-year lease and peppercorn ground rent are positive tenure features, but the value and refinance assumptions remain unverified.

Buy-to-Let Analysis

BTL analysis cannot be established because no sufficiently specific rental evidence or auctioneer rent estimate is supplied. Buyer fees, seller charges and refurbishment costs are also unknown.

Flip Analysis

A flip surplus cannot be calculated. The available sold comparables relate to 4A rather than the subject studio and show a wide £355,000–£580,000 range, so they should not be used as a reliable resale valuation without further verification. Selling costs are also unsupported.

Investor Risks & Due Diligence

• No sufficiently specific sold or rental comparable evidence for the subject studio.

• Modernisation requirement is not quantified and no refurbishment budget is supplied.

• Buyer fee is unspecified and seller charges or VAT may apply under the special conditions.

• Service charge and other lease-related costs are not provided.

• The supplied comparable sales for 4A Aldrington Road show a wide range and may not be comparable to this studio.

Recommendation

Do not bid on the current evidence alone. First verify the lease, service charge and special conditions, obtain a measured valuation, inspect the flat and price the modernisation works. Reassess only if the resulting margin supports the unknown fees and risks.

Strategy Rating

Analysis Confidence

The property description and tenure are provided, but there is no floor area, service charge, detailed condition schedule, specific studio comparable, rental evidence, works budget or confirmed buyer and seller charges.