Rear of 16 Empire Avenue, Edmonton, London N18 1AD

Description

A freehold detached building of approximately 431 sq ft (40 sqm). The property benefits from pedestrian access from Empire Avenue. Vehicular access is available via the rear access road from Mayfair Gardens. Potential for alternative use (subject to the requisite consents). The property currently has no electricity supply, no water supply and no gas supply. Vacant - all movable items within the property will be removed prior to completion. The property being offered does not include access or ownership of any part of the garden - it is just the building.

Accommodation

Approx. 431 sq ft (40 sqm)

Location

Well-located for the amenities of White Hart Lane

Tenure / Property Information

Investment Analysis

The £30,000 guide is not a formal valuation. No HM Land Registry comparables, relevant rental evidence or auctioneer rent estimate were supplied. The listed rents are from CV2 and Leicester and are advertised asking rents, so they do not support a rent or GDV assessment for this Edmonton building. The building is approximately 431 sq ft and lacks electricity, water and gas; its alternative-use potential is subject to the requisite consents. Market value and GDV therefore cannot be reliably estimated from the evidence provided.

Investment Snapshot

Strategy Recommendation

Do not bid on the current evidence. Proceed only after legal and planning review, confirmation of access and use, a building survey, utility-connection quotations and a full schedule of auction and seller charges.

Works Required

Obtain a building survey and investigate the condition, lawful use and required consents. Assess the feasibility and cost of connecting electricity, water and gas, then complete any consented internal fit-out. Confirm access arrangements and that no garden ownership is included. No refurbishment cost can be estimated from the supplied evidence.

Rental & Market Context

Potential BRRR Position

BRRR cannot be underwritten because GDV, refurbishment costs, achievable rent, finance-related costs and buyer or seller charges are unsupported. The absence of utility supplies and the need for requisite consents create substantial feasibility uncertainty.

Buy-to-Let Analysis

A BTL appraisal cannot be established. No relevant local rent evidence or auctioneer rent estimate was supplied, and the building currently has no electricity, water or gas supply. Its use as a rental property and any necessary consents are unconfirmed.

Flip Analysis

A flip appraisal cannot be calculated. There are no completed sales comparables or supported GDV, and refurbishment, utility-connection, consent, selling and auction-related costs are unknown. The guide price alone does not establish resale value.

Investor Risks & Due Diligence

• No electricity, water or gas supply.

• Alternative use is subject to the requisite consents.

• No ownership or access to any part of the garden is included.

• Access is described as pedestrian from Empire Avenue and vehicular via the rear access road from Mayfair Gardens; legal rights should be verified.

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

• No relevant local rental evidence or completed sales comparables were supplied.

• The building's condition and cost of bringing it into usable occupation are unknown.

Recommendation

Do not bid on the current evidence. Proceed only after legal and planning review, confirmation of access and use, a building survey, utility-connection quotations and a full schedule of auction and seller charges.

Strategy Rating

Analysis Confidence

The evidence confirms size, tenure, vacancy, access description and absent utility supplies, but provides no condition report, planning position, completed comparables, relevant rent, GDV, works costs or complete fee schedule.