Auction Watch

Auction House Lincolnshire Mon 30 Nov Guide £10,000+

Auction House Lincolnshire auction lot41B Ruskin Road, Belvedere, DA17 5BD

Studio flat (DA17 5BD), for sale by auction with Auction House Lincolnshire on 30 November 2026. Guide £10,000+.

Finance view and instant termsGet the free reportStreet View ↗

Finance view

Good

Lendable, with points a lender will check first. The loan that fits: Purchase bridge, as this is a home that can be let or sold as it is.

Likely loan
Up to 75% of the priceOn the purchase price
On the expected hammer
About £9,000The guide plus 15%
Example rate
0.75% to 0.95% a monthArrangement fee about 2%

In its favour

  • Inside the M25 (Bexley): the area lenders know best
  • Belvedere station, about 12 minutes' walk

What a lender will look at

  • Check A loan of about £9,000: below many lenders' £75,000 minimum

If you let it

Typical rent about £1,231 a month, a gross yield of 128.5% on the expected hammer. The rent supports a 75% buy-to-let mortgage (up to about £215,000), so refinancing out of a bridge works on these figures. A yield this high usually means a reason for the low guide (the lease, a tenancy, the building or its condition): read the legal pack before you rely on it.

ONS average for a 1-bed home in Bexley, Sept 2026. Refinance test: rent covers the interest 125% at a 5.5% stress rate, as lenders test a limited company; personal borrowers are often tested harder.

Information a lender will need first

  • The lease length (years left)
  • Whether it is sold vacant or with a tenant
What a lender will ask you for on a purchase bridge
  • Photo ID and proof of address
  • Proof of your deposit and where it came from
  • The legal pack, read by your solicitor before you bid
  • Your exit plan: sale or refinance, with evidence (comparables, or a mortgage in principle)
  • The lease, with the ground rent and service charge
  • A valuation, which the lender instructs
Get instant terms on this lot

We have access to lending of up to 75% of the purchase price, with up to 100% of the build cost. Tell us about the lot and we can put you in touch. Ratings and figures are a guide from the published facts, not an offer of finance or advice. Surroundings from OpenStreetMap (© OpenStreetMap contributors); stations from NaPTAN.

Closest comparables

The nearest sales of homes like this one in the last two years, from HM Land Registry, graded the way a lender reads them. 147 similar sales within 1.5 km.

  1. Strong £215,000 Jul 2026

    7, Tolcairn Court, 28 Lessness Park, Belvedere, DA17 5BT (flat)

    The same kind of home, 193 m away, sold 4 months ago.

  2. Moderate £200,000 Apr 2026

    Flat 2, Kimberley Court, 140 Upper Abbey Road, Belvedere, DA17 5AG (flat)

    The same kind of home, 208 m away, sold 7 months ago.

  3. Moderate £250,000 May 2026

    Flat 20, Miranda House Essenden Road, Belvedere, DA17 5ED (flat)

    The same kind of home, 261 m away, sold 6 months ago.

On the market now

Asking prices for flats in DA17 on the property portals: their listings, opened in a new tab.

Rightmove ↗Zoopla ↗OnTheMarket ↗

Also at auction nearby

Sold prices: HM Land Registry Price Paid data, Crown copyright, Open Government Licence. Floor areas: the EPC register. Contains OS data © Crown copyright (Code-Point Open).

Lot details

Guide price
Guide £10,000+Expected hammer is usually higher
Property
Studio flat | Leasehold
Tenure
Leasehold
Occupancy
Unknown
Floor area
366 sq ftConfirmed from the EPC
EPC rating
EFrom the EPC register

Auction finance snapshot

25% deposit required
£2,500
75% estimated bridging loan
£7,500

On the guide price. Lots usually sell above the guide: at the expected hammer (1.15× guide) the deposit would be £2,875. Stamp duty, the buyer's fee, legal costs and the lender's fees come on top. Illustrative only, not an offer of finance.

Get a decision in principle for bridging How much could you borrow?

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The report on this lot: free

  • Deal grade, A to E, with the working
  • Maximum bid on the refurb and the conversion route
  • Value after works and build cost
  • Profit at every hammer price, and a stress test
  • Sold comparables matched to floor areas
  • The legal pack: what it says and what to check

Prepared for this lot and emailed to you. Free, guidance not advice.

Listing and legal pack on Auction House Lincolnshire's site ↗

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