Freehold Ground Rent of 118, Lodge Road, CROYDON, Surrey, CR0 2PF

Description

Freehold ground rents secured upon three flats and one garage. There may also be the opportunity to realise additional value through future lease extensions on the shorter leases, subject to the leaseholders exercising their statutory or voluntary rights. Unit: 118A Lease: 215 years from 25th March 1975 Unexpired term: 164 years remaining Ground Rent: Peppercorn Unit: 118B Lease: 125 years from 25th March 1975 Unexpired term: 74 years remaining Ground Rent: £35 Unit: 118C Lease: 125 years from 10th October 1988 Unexpired term: 87 years remaining Ground Rent: TBA Unit: Garage Lease: 125 years from 25th March 1975 Unexpired term: 74 years remaining Ground Rent: £25

Location

Property located at Freehold Ground Rent of 118, Lodge Road, CROYDON, Surrey, CR0 2PF.

Investment Analysis

Investment Snapshot

Property & Refurbishment

Initial feasibility allowance: £5,000–£10,000. This is not a contractor quotation and should be confirmed following inspection and detailed scope.

Rental Analysis

No reliable auctioneer-published current rent was identified in the supplied scrape. Market rent should be independently verified before bidding.

GDV / Resale Analysis

No independent RICS/Land Registry comparable valuation has been inserted solely from the scraped auction data. End value should be confirmed against recent genuinely comparable transactions before bidding.

Properties Sold Within Approx. 5 Miles

No independently verified sold comparables are inserted from the auction scrape alone. Confirm recent Land Registry/RICS comparable evidence before relying on a GDV.

Investor Risks & Due Diligence

• Review the full legal pack and title before bidding

• Confirm all auction administration / contract charges

• Verify property condition and obtain appropriate surveys

• Confirm refurbishment costs with contractor quotations

Recommendation

Preferred strategy: Buy-to-Let / Owner-Occupier. This recommendation is an initial appraisal based on the auctioneer's published property information and should be tested against the legal pack, inspection, finance and local market evidence.

Strategy Rating

Buy-to-Let: ★★★★☆

BRRR: ★★★☆☆

Flip: ★★★☆☆