Stewarts Lodge, 217 Stewart's Road, Lambeth, London

Description

A Vacant Parking Space Situated Within a Secure Underground Car Park. The lot comprises a parking space situated within a secure underground car park.

Accommodation

A parking space situated within a secure underground car park.

Location

The parking space is situated within a secure residential development close to local shops and amenities. The open spaces of Larkhall Park are within easy reach. Transport links are provided by Stockwell underground station (Northern & Victoria lines) and Wandsworth Road overground station.

Tenure / Property Information

Investment Analysis

No reliable market value can be established. The supplied Land Registry comparables are flats/maisonettes, not parking spaces, while the auction guide is not a formal valuation. No specific parking-space sale or rental evidence is supplied.

Investment Snapshot

Strategy Recommendation

Proceed only after confirming local parking-space sale and rental evidence, all lease/service-charge terms and total auction costs. Do not bid on the current evidence alone.

Works Required

No refurbishment works are evidenced. Confirm the parking space identifier, access arrangements, service charge and lease provisions in the legal pack.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

BRRR is not supportable: no parking-space GDV, rent, refurbishment requirement or refinance basis is evidenced. The 999-year lease is a positive feature, subject to legal-pack review.

Buy-to-Let Analysis

BTL analysis cannot be established because no sufficiently specific rental evidence or auctioneer rent estimate is supplied. The £1,800 administration charge is known, but other possible charges are unspecified.

Flip Analysis

A flip surplus cannot be calculated because there is no directly comparable parking-space GDV or supported selling-cost allowance. The supplied comparables relate to flats and are not suitable.

Investor Risks & Due Diligence

• No specific parking-space sales comparables are supplied.

• No rental evidence or passing rent is supplied, so yield cannot be assessed.

• Flat/maisonette comparables are not directly applicable to this parking space.

• Special conditions may create additional legal, transfer, search or seller-cost charges.

• Lease, service-charge and parking-space identification details require legal-pack confirmation.

Recommendation

Proceed only after confirming local parking-space sale and rental evidence, all lease/service-charge terms and total auction costs. Do not bid on the current evidence alone.

Strategy Rating

Analysis Confidence

Evidence confirms the asset, tenure, vacancy, lease length and administration charge, but provides no directly comparable value, rent, service-charge or complete cost evidence.