3 Bed Flat, Refurb/BRRR, London, SE11 4RL, £375,000

Kennington Lane, London, SE11 4RL - 20 views - a year ago

Leasehold

Refurb/BRRR

ROI: 3%

~93 m²

+7 photos

ValuationFair Value

Sold Prices	£280K - £862.5K
Sold Prices/m²	£3.7K/m² - £22K/m²

Square Metres	~93 m²
Price/m²	£4K/m²
Value Estimate	£382,500£382,500

End Value (After Refurb)	£836,620£836,620
Uplift in Value	+123%+123%
You could potentially get back more cash than you put into this deal. All your cash out plus £172,958 extra. See the breakdown

Investment Opportunity

Cash In
Purchase Finance	Bridging LoanBridging Loan
Deposit (25%)	£93,750£93,750
Stamp Duty & Legal Fees	£18,700£18,700
Refurb Costs	£49,214£49,214
Bridging Loan Interest	£9,844£9,844
Total Cash In	£173,257£173,257

Cash Out
Monetisation	FlipRefinance & RentFlip
Estimated Sale Price	£836,620£836,620
Agent Fees (1%)	£8,366£8,366
Bridging Loan	£281,250£281,250
Bridging Loan Interest	£9,844£9,844
Flip Profit	£373,747£373,747

Local Sold Prices

50 sold prices from £280K to £862.5K, average is £482.5K. £3.7K/m² to £22K/m², average is £6.2K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£500K	02/21	0.07 mi	Flat 3, Portia Court, Opal Street, London, Greater London SE11 4SA	-	-	3	Flat
£810K	09/21	0.1 mi	22, Renfrew Road, London, Greater London SE11 4NA	£8,351	97	3	Flat
£625K	03/21	0.14 mi	Flat 3, Dryden Court, Renfrew Road, London, Greater London SE11 4NH	£11,792	53	3	Flat
£750K	06/21	0.19 mi	93, Alberta Street, London, Greater London SE17 3RU	£11,029	68	3	Flat
£680K	06/21	0.21 mi	54, Ambergate Street, London, Greater London SE17 3RX	-	-	3	Flat
£570K	06/21	0.21 mi	Flat 18, Tamar House, Kennington Lane, London, Greater London SE11 4XA	-	-	3	Flat
£550K	06/21	0.21 mi	Flat 22, Tamar House, Kennington Lane, London, Greater London SE11 4XA	-	-	3	Flat
£580K	06/21	0.21 mi	Flat 20, Tamar House, Kennington Lane, London, Greater London SE11 4XA	-	-	3	Flat
£480K	03/21	0.29 mi	32, Marsland Close, London, Greater London SE17 3JW	£6,234	77	3	Flat
£470.3K	03/21	0.34 mi	8, Borrett Close, London, Greater London SE17 3JF	£5,405	87	3	Flat
£470K	01/23	0.34 mi	6, Borrett Close, London, Greater London SE17 3JF	£5,402	87	3	Flat
£525K	06/23	0.34 mi	7, Pasley Close, London, Greater London SE17 3JY	£6,563	80	3	Flat
£690K	07/23	0.36 mi	Basement And Ground Floor Flat, 361, Kennington Road, London, Greater London SE11 4QE	-	-	3	Flat
£280K	01/23	0.36 mi	Flat 37, Elkington Point, Lollard Street, London, Greater London SE11 6UG	-	-	3	Flat
£535K	10/23	0.39 mi	Flat 38, Newman House, St Georges Road, London, Greater London SE1 6HE	-	-	3	Flat
£687K	01/23	0.41 mi	63b, Larcom Street, London, Greater London SE17 1NJ	-	-	3	Flat
£683K	03/21	0.42 mi	84, Carter Street, London, Greater London SE17 3EW	£8,432	81	3	Flat
£550K	06/21	0.42 mi	94a, Carter Street, London, Greater London SE17 3EW	£7,971	69	3	Flat
£424.2K	06/23	0.42 mi	37, Lorrimore Square, London, Greater London SE17 3QU	£6,238	68	3	Flat
£465K	06/21	0.42 mi	Flat 108, Penrose House, Penrose Street, London, Greater London SE17 3EA	-	-	3	Flat
£460K	11/20	0.42 mi	Flat 109, Penrose House, Penrose Street, London, Greater London SE17 3EA	-	-	3	Flat
£405K	05/23	0.42 mi	Flat 92, Penrose House, Penrose Street, London, Greater London SE17 3EA	-	-	3	Flat
£445K	11/20	0.45 mi	120, Penrose Street, London, Greater London SE17 3ED	£6,846	65	3	Flat
£440K	07/23	0.48 mi	64, Forsyth Gardens, London, Greater London SE17 3NE	£5,789	76	3	Flat
£480K	01/23	0.48 mi	7, Aveline Street, London, Greater London SE11 5DJ	£6,246	77	3	Flat
£495K	12/20	0.49 mi	Flat 36, Conant House, St Agnes Place, London, Greater London SE11 4AY	-	-	3	Flat
£500K	07/23	0.51 mi	Flat 25, Wynyard House, Newburn Street, London, Greater London SE11 5PT	-	-	3	Flat
£490K	09/23	0.51 mi	Flat 34, Wynyard House, Newburn Street, London, Greater London SE11 5PT	-	-	3	Flat
£361K	12/20	0.51 mi	Flat 12, James Stroud House, Walworth Place, London, Greater London SE17 2TQ	-	-	3	Flat
£350K	02/21	0.51 mi	Flat 10, James Stroud House, Walworth Place, London, Greater London SE17 2TQ	-	-	3	Flat
£380K	08/21	0.52 mi	Flat 25, Morton House, Brandon Estate, London, Greater London SE17 3NW	-	-	3	Flat
£485K	05/23	0.52 mi	Flat 15, Dolland House, Newburn Street, London, Greater London SE11 5LR	-	-	3	Flat
£475K	07/23	0.53 mi	Flat 20, Ferrybridge House, Lambeth Road, London, Greater London SE11 6NB	-	-	3	Flat
£380K	04/21	0.53 mi	196, Olney Road, London, Greater London SE17 3HR	£4,130	92	3	Flat
£352K	03/21	0.53 mi	Flat 13, Harry Hinkins House, Walworth Place, London, Greater London SE17 2TH	-	-	3	Flat
£650K	02/21	0.54 mi	1a, Loughborough Street, London, Greater London SE11 5RB	£4,248	153	3	Flat
£862.5K	08/23	0.55 mi	11, Victory Place, London, Greater London SE17 1PG	-	-	3	Flat
£430K	01/23	0.57 mi	24, Maddock Way, London, Greater London SE17 3NH	£5,545	78	3	Flat
£418K	02/23	0.57 mi	32, Maddock Way, London, Greater London SE17 3NH	£4,400	95	3	Flat
£400K	03/21	0.57 mi	265, Olney Road, London, Greater London SE17 3HS	£6,061	66	3	Flat
£565K	11/21	0.58 mi	Flat 12, Amigo House, Morley Street, London, Greater London SE1 7QE	-	-	3	Flat
£471K	06/21	0.59 mi	Flat 37, Grover House, Vauxhall Street, London, Greater London SE11 5LJ	-	-	3	Flat
£702.5K	12/20	0.61 mi	77, Henshaw Street, London, Greater London SE17 1PE	£21,953	32	3	Flat
£302.3K	07/21	0.62 mi	8, Gateway, London, Greater London SE17 3HQ	£3,731	81	3	Flat
£422K	12/20	0.63 mi	Flat 9, Dighton Court, John Ruskin Street, London, Greater London SE5 0PR	-	-	3	Flat
£432K	06/23	0.63 mi	Flat 25, Dighton Court, John Ruskin Street, London, Greater London SE5 0PR	-	-	3	Flat
£487K	10/20	0.67 mi	23, Andrews Walk, London, Greater London SE17 3JQ	£5,798	84	3	Flat
£376K	12/20	0.67 mi	Flat 96, Dawes House, Orb Street, London, Greater London SE17 1RD	-	-	3	Flat
£495K	02/21	0.68 mi	Flat 54, Greet House, Frazier Street, London, Greater London SE1 7BB	-	-	3	Flat
£675K	01/21	0.68 mi	Flat 6, Clandon House, Boyfield Street, London, Greater London SE1 0SD	-	-	3	Flat

Local Rents

47 rents from £2.4K/mo to £5.4K/mo, average is £3.4K/mo.

Rent	Date	Distance	Address	Beds	Type
£2,900	04/25	0.03 mi	-	3	Flat
£3,250	10/24	0.03 mi	-	3	Flat
£3,400	11/24	0.13 mi	-	3	Flat
£2,700	03/25	0.15 mi	-	3	Terraced House
£2,850	08/24	0.15 mi	Renfrew Road, Dryden Court Renfrew Road, SE11	3	Flat
£3,250	08/24	0.18 mi	Walworth, Walworth, SE17	3	Terraced House
£3,000	10/24	0.18 mi	-	3	Terraced House
£3,200	02/25	0.19 mi	-	3	Flat
£3,500	08/24	0.2 mi	Brook Drive, Tower Bridge, SE11	3	Flat
£5,400	08/24	0.21 mi	St Gabriel Walk, Elephant and Castle, London, SE1	3	Flat
£3,900	04/25	0.21 mi	-	3	Terraced House
£2,747	08/24	0.21 mi	Chester Way, SE11	3	Flat
£3,250	08/24	0.22 mi	Sullivan Road London SE11	3	Flat
£3,450	08/24	0.22 mi	Sullivan Road, Elephant and Castle, London SE11	3	Terraced House
£3,098	11/24	0.22 mi	-	3	Flat
£3,500	08/24	0.22 mi	Crampton Street, London, SE17	3	Flat
£2,400	12/24	0.22 mi	Wollaston Close, London, SE1	3	Flat
£3,150	02/25	0.23 mi	-	3	Flat
£3,250	08/24	0.23 mi	Penton Place, Kennington	3	Flat
£3,250	08/24	0.23 mi	Sullivan Road, Sullivan Road	3	Terraced House
£3,250	08/24	0.23 mi	Sullivan Road, London, SE11	3	Terraced House
£3,150	03/25	0.23 mi	-	3	Flat
£3,400	12/24	0.24 mi	-	3	Flat
£3,900	09/24	0.24 mi	-	3	Terraced House
£4,500	12/24	0.24 mi	The Strata, Elephant and Castle, London, SE1	3	Flat
£4,000	12/24	0.24 mi	Walworth Road, Elephant and Castle, London, SE1	3	Flat
£3,200	02/25	0.26 mi	-	3	Terraced House
£3,896	08/24	0.26 mi	The Strata, Walworth Road, Elephant & Castle SE1	3	Flat
£3,950	01/25	0.26 mi	-	3	Flat
£4,000	08/24	0.28 mi	Amelia Street, 22 Amelia Street, London, Greater London, SE17 3BZ	3	Flat
£3,140	08/24	0.3 mi	-	3	Flat
£5,380	08/24	0.3 mi	Deacon Street, London, SE17	3	Flat
£5,350	09/24	0.3 mi	-	3	Flat
£5,280	12/24	0.3 mi	-	3	Flat
£3,900	08/24	0.31 mi	Walcot Square, London, SE11	3	Terraced House
£5,000	08/24	0.31 mi	Hurlock Heights, London, SE17	3	Flat
£5,140	09/24	0.31 mi	-	3	Flat
£3,100	09/24	0.32 mi	-	3	Flat
£4,312	08/24	0.33 mi	Tarling House, Elephant Park, Elephant and Castle SE17	3	Flat
£3,250	08/24	0.33 mi	Kennington Park Road, Kennington	3	Flat
£3,500	08/24	0.33 mi	Walcot Square, London, SE11	3	Terraced House
£4,311	08/24	0.35 mi	Kennington Road, Lambeth, London, SE11	3	Terraced House
£4,264	08/24	0.36 mi	Park Central East	3	Flat
£4,255	08/24	0.36 mi	Park Central East	3	Flat
£4,264	08/24	0.36 mi	Park Central East	3	Flat
£3,150	04/25	0.36 mi	-	3	Flat
£3,300	04/25	0.36 mi	-	3	Flat

Local Area Statistics

Population in SE11	21,58921,589
Population in London	4,771,9214,771,921
Town centre distance	2.57 miles away2.57 miles away
Nearest school	0.20 miles away0.20 miles away
Nearest train station	0.20 miles away0.20 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	+6%+6%
Sales demand	Balanced marketBalanced market
Capital growth (5yrs)	+17%+17%

Property History

Listed for £375,000

November 10, 2023

Floor Plans

Description

Three Double Bedrooms +
First Floor +
Requires Full Modernisation +
No Onward Chain +
Sought After Location +

SUMMARY
Situated in this popular residential position in a low-rise block, is this three double bedroom first floor purpose built apartment, available for sale with no onward chain. In need of mordernisation, the property offers fantastic potential for the right buyer.

DESCRIPTION
In need of complete modernisation is this three double bedroom first floor purpose built apartment. Situated in this low rise block the property offers fantastic potential for the right buyer and is available for sale with no onward chain. Situated in this popular residential position the property is located within easy reach of Kennington, Walworth Road and Elephant and Castle which offer a variety of Bars, Shops and restaurants. The green open spaces of Kennington Park can be found within just 0.2 miles. Transport links are available close by at Kennington Tube Station (Northern Line), Elephant & Castle Station (Northern & Bakerloo Lines and Overground Services) as well as a wide range of bus routes available that would provide access towards the city and surrounding areas.

Accommodation comprises an entrance hall with good storage, kitchen, large living room, three double bedrooms, bathroom and separate WC.

Internal viewings are strongly advised.

Agents Note
This property has an offer accepted subject to contract but is still currently available to view.

We currently hold lease details as displayed above, should you require further information please contact the branch. Please note additional fees could be incurred for items such as leasehold packs.

1. MONEY LAUNDERING REGULATIONS: Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2. General: While we endeavour to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact the office and we will be pleased to check the position for you, especially if you are contemplating travelling some distance to view the property.
3. The measurements indicated are supplied for guidance only and as such must be considered incorrect.
4. Services: Please note we have not tested the services or any of the equipment or appliances in this property, accordingly we strongly advise prospective buyers to commission their own survey or service reports before finalising their offer to purchase.
5. THESE PARTICULARS ARE ISSUED IN GOOD FAITH BUT DO NOT CONSTITUTE REPRESENTATIONS OF FACT OR FORM PART OF ANY OFFER OR CONTRACT. THE MATTERS REFERRED TO IN THESE PARTICULARS SHOULD BE INDEPENDENTLY VERIFIED BY PROSPECTIVE BUYERS OR TENANTS. NEITHER SEQUENCE (UK) LIMITED NOR ANY OF ITS EMPLOYEES OR AGENTS HAS ANY AUTHORITY TO MAKE OR GIVE ANY REPRESENTATION OR WARRANTY WHATEVER IN RELATION TO THIS PROPERTY.

Agent Details

Barnard Marcus, Kennington

020 3835 4206

Next Steps?

This deal was sourced from Rightmove. Contact the landlord/agent for a viewing now 💪

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