Heathland Studio, Vale of Health, Hampstead, London

Description

A well located semi detached building currently arranged as 2 x one bedroom flats. Potential for a variety of development schemes (subject to obtaining all relevant consents). Offered with vacant possession. The property comprises a semi detached building currently arranged as 2 x one bedroom flats over lower ground, ground and first floors. The property also benefits from a cellar.

Accommodation

Lower Ground Floor: Through Reception Room, Kitchen, Study Room, Bathroom, Store Rooms. Ground Floor: Bedroom. First Floor: Reception Room, Kitchen, Bedroom, Bathroom.

Location

A rare opportunity to acquire a unique property in the exclusive Vale of Health, one of Hampstead's most sought-after locations. The property is embedded in the open spaces of Hampstead Heath and within easy reach of Hampstead Village's shops, cafés and restaurants. Excellent transport links are provided by Hampstead Underground Station (Northern Line) and West Hampstead, offering Thameslink, Overground and Jubilee Line services.

Tenure / Property Information

Investment Analysis

The only supplied comparable is a £1,250,000 freehold semi-detached sale in Vale of Health from 2004, which is too dated to support a current GDV. The £800,000–£1,000,000 guide is before fees, but no current valuation, rental evidence or project-cost evidence is supplied.

Investment Snapshot

Strategy Recommendation

Do not proceed on the supplied evidence alone. Any bid would require current comparable valuation, planning/consent review, inspection, rental assessment and full legal-pack cost review.

Works Required

Any works would depend on the intended scheme and obtaining all relevant consents. Evidence supports potential reconfiguration or redevelopment of the existing two one-bedroom-flat arrangement, but does not establish specific physical works or defects.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

BRRR analysis cannot be quantified because current GDV, refurbishment costs, rent and finance-related assumptions are unavailable. Any strategy involving reconfiguration or development is subject to obtaining relevant consents.

Buy-to-Let Analysis

BTL analysis cannot be established because no sufficiently specific rental comparable or auctioneer rent estimate is supplied. The existing arrangement is described as two one-bedroom flats, but passing or achievable rent is unverified.

Flip Analysis

A flip appraisal cannot be supported: the sole comparable dates from 2004 and no current GDV, works budget or selling allowance is supplied. Potential development schemes remain consent-dependent.

Investor Risks & Due Diligence

• The proposed development schemes require all relevant consents.

• The only supplied comparable completed in 2004 may not represent current value.

• No sufficiently specific rental evidence is supplied.

• Physical condition, refurbishment requirements and cellar condition are unverified.

• Additional legal-pack disbursements and other purchaser charges may apply.

• The property is currently arranged as two one-bedroom flats, while the headline property type is a semi-detached house; legal and planning status should be verified.

Recommendation

Do not proceed on the supplied evidence alone. Any bid would require current comparable valuation, planning/consent review, inspection, rental assessment and full legal-pack cost review.

Strategy Rating

Analysis Confidence

Only one materially dated sale comparable is supplied; there is no current GDV evidence, rental evidence, condition report, works budget, EPC, council-tax data or complete fee schedule.