London Flat A & B, 24 Deronda Road, Tulse Hill, London

Description

Freehold semi-detached building internally arranged as two self-contained flats. Flat A provides one-bedroom accommodation with rear garden. Flat B provides three-bedroom accommodation. Total GIA approximately 153.56 sq m (1,653 sq ft).

Accommodation

Flat A: one-bedroom accommodation with rear garden. Flat B: three-bedroom accommodation. Total GIA approximately 153.56 sq m (1,653 sq ft).

Location

The property is situated on the south side of Deronda Road. The shops and amenities of Tulse Hill are to the south. Tulse Hill rail station is approximately 0.3 miles to the south. The A205 (South Circular) is to the south. Brockwell Park is to the north.

Tenure / Property Information

Investment Analysis

Same-road semi-detached freeholds sold for £1,340,000 and £1,565,000 in 2023. However, the evidence does not provide their floor areas, condition, configuration or comparability to this building arranged as two self-contained flats. No supported GDV can therefore be established. The £341,000 guide is materially below those historic sales, but this should not be treated as evidence of value or profit without inspection, legal/planning verification and current comparable evidence.

Investment Snapshot

Strategy Recommendation

Do not bid on the present evidence alone. First verify planning and building-regulation status for the two flats, inspect condition, obtain current value and rental evidence, and confirm all auction and seller charges.

Works Required

No physical defects or refurbishment requirements are identified in the supplied evidence. Obtain a full inspection and establish the condition, specification and compliance of both flats before budgeting 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 because GDV, refurbishment cost, rent, finance costs and buyer/admin charges are unsupported. Confirm the legal status and compliance of the two-flat arrangement before considering refinance.

Buy-to-Let Analysis

The building is vacant and arranged as two self-contained flats, but no sufficiently specific rental evidence or auctioneer rent estimate is supplied. Rent, gross yield and sustainable BTL performance cannot be established.

Flip Analysis

A flip calculation cannot be supported. Although two 2023 same-road semi-detached sales are provided, there is no direct evidence for this two-flat configuration, condition, current value, works cost or selling allowance.

Investor Risks & Due Diligence

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

• No EPC, council tax, heating or parking information is supplied.

• The legal and planning status of the two self-contained flats is not evidenced.

• Condition and refurbishment requirements are unknown.

• The supplied sold comparables are same-road semi-detached sales but lack size, condition and configuration detail.

• Additional seller or third-party charges may apply.

• Vacant possession means there is no existing tenancy income to verify.

Recommendation

Do not bid on the present evidence alone. First verify planning and building-regulation status for the two flats, inspect condition, obtain current value and rental evidence, and confirm all auction and seller charges.

Strategy Rating

Analysis Confidence

The property configuration and headline sold comparables are supplied, but there is no condition, EPC, rental, current comparable, legal/planning, buyer-fee or refurbishment-cost evidence.