Parking Space 31 Lollard Street, Lambeth, London, SE11 6PX

Description

A Vacant Single Parking Space. The property comprises a vacant parking space within a gated development with remote access.

Location

The property is situated on a residential road close to local shops and amenities. The open spaces of Lambeth Walk are within easy reach. Transport links are provided by Vauxhall underground station (Victoria line) and rail station.

Tenure / Property Information

Investment Analysis

The supplied completed sales are of leasehold flats/maisonettes and are not sufficiently comparable to a single parking space, so no evidence-supported market value or GDV can be established. The space is vacant, gated and accessed remotely, with a new 993-year lease from completion. The £1,800 inc VAT administration charge is known, while further disbursements and other charges may apply under the legal pack.

Investment Snapshot

Strategy Recommendation

Only consider as a speculative cash purchase after reviewing the legal pack and obtaining direct parking-space valuation and rental evidence. Do not rely on the supplied flat comparables.

Works Required

No refurbishment works are identified in the supplied evidence. Confirm the parking-space boundaries, access arrangements, remote-control provision, lease terms and any estate/service-charge obligations through the legal pack.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

A BRRR assessment cannot be supported because there is no evidence-based GDV, rent, refurbishment budget or refinance value for the parking space. The new 993-year lease may assist long-term ownership, but its commercial terms require legal-pack confirmation.

Buy-to-Let Analysis

No sufficiently specific rental comparable or auctioneer rent estimate is supplied, so rental income and BTL yield cannot be established. The £1,800 administration charge and any additional legal-pack charges would reduce returns.

Flip Analysis

A flip surplus cannot be calculated. The supplied flat sales are not suitable evidence for the resale value of a single parking space, and no selling-cost allowance or parking-space resale comparables are provided.

Investor Risks & Due Diligence

• No directly comparable completed sales for the parking space are supplied.

• No reliable rental evidence or passing rent is available.

• The £1,800 administration charge is payable and further disbursements, search fees, seller-cost reimbursement, legal fees or transfer fees may apply.

• The lease, service-charge obligations, restrictions, access rights and remote-control arrangements require legal-pack verification.

• Resale demand and achievable exit value are un evidenced by the supplied data.

Recommendation

Only consider as a speculative cash purchase after reviewing the legal pack and obtaining direct parking-space valuation and rental evidence. Do not rely on the supplied flat comparables.

Strategy Rating

Analysis Confidence

The property description and lease term are supplied, but there are no relevant parking-space sales, rental evidence, GDV, condition costs or complete fee details.