Richmond Flat 3, 14 Kew Gardens Road, Richmond, Greater London

Description

Vacant share of freehold self contained first floor flat with a reception room, bedroom, kitchen and bathroom. GIA approximately 41.34 sq m (445 sq ft).

Accommodation

Reception Room, Bedroom, Kitchen and Bathroom; GIA approximately 41.34 sq m (445 sq ft).

Location

The property is situated on the east side of Kew Gardens Road. Kew Gardens station (Mildmay line and District line) is approximately 0.2 miles away. The open spaces of Kew Gardens are within walking distance. A variety of local shops and amenities are available nearby and within Brentford. The M4 motorway is easily accessible to the north, providing a connection to the M25 motorway.

Tenure / Property Information

Investment Analysis

The £250,000+ guide is the only current price evidence. The supplied Land Registry record is a £7,953 freehold flat sale from 1998 and is not a sufficiently relevant or current comparable. No supported GDV, market value or maximum bid can therefore be established. The 999-year lease and share of freehold are noted, but lease terms, service charge and other title details are not supplied. A 1% plus VAT buyer premium is payable on exchange, with possible additional charges subject to the special conditions.

Investment Snapshot

Strategy Recommendation

Do not bid on the current evidence alone. Proceed only after obtaining current comparable sales, a rental appraisal, full legal pack, lease and management information, inspection findings and all buyer/seller charges.

Works Required

No refurbishment works are evidenced. The flat is described as comprising a reception room, bedroom, kitchen and bathroom, but its condition, specification and compliance status are unknown. Obtain a survey and inspect the kitchen, bathroom, finishes and services before budgeting works.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

BRRR cannot be underwritten from the supplied evidence. GDV, rent, refurbishment cost, finance costs and refinance value are unsupported. The long lease and share of freehold may be relevant, but the lease and management information have not been provided.

Buy-to-Let Analysis

BTL performance cannot be established because no sufficiently specific rental comparable or auctioneer rent estimate is supplied. The 1% plus VAT buyer premium and any additional charges would also need to be included in the cost assessment.

Flip Analysis

A flip appraisal cannot be completed because there is no current comparable evidence, supported GDV, condition assessment, works budget or selling-cost allowance. The historic 1998 freehold transaction is not a reliable basis for a resale valuation.

Investor Risks & Due Diligence

• No sufficiently specific current sold comparables support the guide price or GDV.

• No rental evidence supports achievable rent or yield.

• Property condition and refurbishment requirements are unknown.

• EPC, council tax, parking and heating information are not supplied.

• Service charge, reserve fund, management arrangements and other lease/title details are not supplied.

• A 1% plus VAT buyer premium applies, and additional seller or third-party charges may be payable.

• The guide price is not a formal valuation.

Recommendation

Do not bid on the current evidence alone. Proceed only after obtaining current comparable sales, a rental appraisal, full legal pack, lease and management information, inspection findings and all buyer/seller charges.

Strategy Rating

Analysis Confidence

The property description, guide price, tenure and historic transaction are supplied, but there is no usable current valuation evidence, rental evidence, condition information, EPC, service-charge data or complete fee schedule.