Flats A-C, 16 Woolwich Road, Greenwich, London, SE10 0JU

Description

A substantial semi-detached property over four storeys. The property is arranged as three self-contained flats (2 x 1 bedroom and 1 x 5 bedrooms). Externally the property benefits from front and rear gardens. In need of refurbishment. Extension / development potential subject to requisite consents. Vacant.

Accommodation

Ground Floor - Entrance Hallway, Reception Room, Kitchen, Bathroom/WC, Bedroom. First Floor - Reception Room, Kitchen, Bathroom/WC, Bedroom. Second Floor - Reception Room, Kitchen, Shower Room/WC, Two Bedrooms. Third Floor - Three Bedrooms.

Location

The property is situated on Woolwich Road in Greenwich, within the Royal Borough of Greenwich. Local shops and everyday services are available within Greenwich and nearby Charlton, with further retail and leisure amenities accessible in Greenwich town centre. Recreational amenities include nearby open spaces such as Greenwich Park and riverside walks along the River Thames, with additional leisure and cultural facilities available throughout. Transport links include Westcombe Park and Maze Hill railway stations and road access via the A206 and A102. Transport Westcombe Park - Thameslink, southeastern.

Tenure / Property Information

Investment Analysis

The £775,000 guide is the only current pricing evidence supplied and is not a completed valuation. The two sold comparables relate to 10 Woolwich Road, not the subject property, and are from 1996 and 2003, so they do not support a current GDV or market-value estimate. No sufficiently specific rental evidence, refurbishment budget or buyer/seller fee schedule is provided.

Investment Snapshot

Strategy Recommendation

Do not proceed on the supplied evidence alone. Obtain a full inspection, detailed refurbishment quotation, current flat-by-flat valuation and rental appraisals, and review the Special Conditions before setting a bid.

Works Required

Refurbishment of the three self-contained flats and associated accommodation, kitchens, bathrooms/shower room and internal/common areas as required by their existing condition. Any extension or development would be subject to the requisite consents. No detailed scope or cost allowance is supplied.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

A BRRR assessment cannot be quantified because no supported GDV, refurbishment allowance, rent, finance costs or fee schedule is provided. Refinance proceeds at 75% of GDV cannot be calculated.

Buy-to-Let Analysis

The property is vacant and arranged as three self-contained flats, but no sufficiently specific rental evidence or auctioneer rent estimate is supplied. Rent, yield and BTL affordability therefore cannot be established.

Flip Analysis

A flip assessment cannot be quantified. The guide price is available, but there is no supported current GDV, refurbishment budget, transaction-cost schedule or selling allowance.

Investor Risks & Due Diligence

• The property is stated to be in need of refurbishment, but the scope and cost are unknown.

• Any extension or development potential is subject to requisite consents.

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

• Buyer premium, VAT treatment and possible seller charges are not quantified.

• The supplied sold comparables are for a different property and date from 1996 and 2003, limiting their relevance.

Recommendation

Do not proceed on the supplied evidence alone. Obtain a full inspection, detailed refurbishment quotation, current flat-by-flat valuation and rental appraisals, and review the Special Conditions before setting a bid.

Strategy Rating

Analysis Confidence

The evidence confirms tenure, vacancy, layout, refurbishment need and guide price, but lacks a current comparable valuation, rental evidence, works budget and complete buyer/seller charges.