3 Bed Flat, Refurb/BRRR, London, SW16 1NH, £400,000

Blakemore Road, London, SW16 1NH - 4 views - a year ago

Sold STC
Leasehold
Refurb/BRRR
Planning
ROI: 5%
~74 m²
+6 photos

ValuationUndervalued

Sold Prices£315K - £870K
Sold Prices/m²£4.2K/m² - £10.1K/m²

 

 

Square Metres

~74.20 m²
Price/m²£5.4K/m²

Value Estimate

£419,230

 

 

End Value (After Refurb)

£470,812

Uplift in Value

+11%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£100,000

Stamp Duty & Legal Fees

£22,700

Refurb Costs

£39,265

Bridging Loan Interest

£10,500

Total Cash In

£174,215

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£470,812

Mortgage (After Refinance)

£353,109

Mortgage LTV

75%

Cash Released

£53,109

Cash Left In

£121,106

Equity

£117,703

Rent Range

£1,900 - £5,000

Rent Estimate

£2,753

Running Costs/mo

£2,042

Cashflow/mo

£711

Cashflow/yr

£8,533

ROI

5%

Gross Yield

8%

Local Sold Prices

50 sold prices from £315K to £870K, average is £538K. £4.2K/m² to £10.1K/m², average is £6.8K/m².

PriceDateDistanceAddressBeds 
£415K02/230.05 mi4a, Mount Ephraim Road, London, Greater London SW16 1NG3
£486K06/230.07 miFlat 40, Leigham Hall, Streatham High Road, London, Greater London SW16 1DN3
£435K06/210.08 miFlat 115, The High, Streatham High Road, London, Greater London SW16 1HA3
£515K12/210.08 miFirst Floor Flat, 70, Norfolk House Road, Streatham, London, Greater London SW16 1JH3
£416K04/210.09 miFlat 90, Streatham Court, Streatham High Road, London, Greater London SW16 1DJ3
£425K05/230.11 miFlat 35, Streatham Court, Streatham High Road, London, Greater London SW16 1DL3
£405K07/230.11 miFlat 26, Streatham Court, Streatham High Road, London, Greater London SW16 1DL3
£437.1K07/230.12 miFlat 1a, Manor Court, Leigham Avenue, London, Greater London SW16 2DS3
£455K06/210.15 miFlat 42, Manor Court, Leigham Avenue, London, Greater London SW16 2DR3
£550K01/230.16 miFlat L, Broadlands Mansions, Broadlands Avenue, London, Greater London SW16 1NB3
£531K07/230.17 mi47, Woodleigh Gardens, London, Greater London SW16 2SX3
£467K06/210.17 miFlat 45, Streatleigh Court, Streatham High Road, London, Greater London SW16 1EG3
£400K07/230.18 miFlat 5, Beauclerk House, Leigham Avenue, London, Greater London SW16 2TQ3
£515K04/230.23 mi44a, Gracefield Gardens, London, Greater London SW16 2ST3
£375K08/210.24 miFlat 6, Bertrand House, Leigham Avenue, London, Greater London SW16 2TJ3
£398K05/230.27 mi17, Adare Walk, London, Greater London SW16 2PW3
£686K09/210.32 mi23, Mount Nod Road, London, Greater London SW16 2LQ3
£495K06/210.32 mi108, Amesbury Avenue, London, Greater London SW2 3AB3
£681.1K09/210.33 miGround Floor Flat At, 55, Killieser Avenue, London, Greater London SW2 4NX3
£512.5K03/210.35 mi68, Hailsham Avenue, London, Greater London SW2 3AH3
£317K11/200.36 mi15a, Shrubbery Road, London, Greater London SW16 2AS3
£650K01/210.39 mi38b, Angles Road, London, Greater London SW16 2UR3
£785K02/230.41 mi86, Sternhold Avenue, London, Greater London SW2 4PW3
£725K11/200.41 mi70, Sternhold Avenue, London, Greater London SW2 4PW3
£440K12/200.42 mi119, Barcombe Avenue, London, Greater London SW2 3BQ3
£605K03/230.42 mi135, Barcombe Avenue, Streatham Hill, London, Greater London SW2 3BQ3
£590K12/200.42 mi108, Sunnyhill Road, London, Greater London SW16 2UL3
£530K03/230.43 mi6, Keymer Road, London, Greater London SW2 3AP3
£625K12/200.45 mi38, Mount Nod Road, London, Greater London SW16 2LL3
£575K04/210.47 miFlat A, 32, Gleneldon Road, Streatham, London, Greater London SW16 2BD3
£520K02/210.48 miUpper Flat, 18, Ashlake Road, London, Greater London SW16 2BB3
£800K06/210.5 mi87, Telford Avenue, London, Greater London SW2 4XN3
£775K06/210.5 mi93, Telford Avenue, London, Greater London SW2 4XN3
£627.3K12/200.52 mi30, Harborough Road, London, Greater London SW16 2XW3
£565K05/210.52 mi118, Harborough Road, London, Greater London SW16 2XW3
£545K03/210.52 mi243, Barcombe Avenue, London, Greater London SW2 3BH3
£621.8K06/230.56 miFlat A, 35, Tierney Road, London, Greater London SW2 4QL3
£617.5K01/210.56 mi161, Leigham Court Road, London, Greater London SW16 2SE3
£475K07/230.56 mi167, Leigham Court Road, Streatham, London, Greater London SW16 2SE3
£450K09/210.6 mi71, Thornton Gardens, London, Greater London SW12 0LQ3
£870K09/210.64 mi10a, Fieldhouse Road, London, Greater London SW12 0HJ3
£695K01/210.64 mi14a, Fieldhouse Road, London, Greater London SW12 0HJ3
£785K08/230.64 mi26a, Fieldhouse Road, London, Greater London SW12 0HJ3
£315K06/230.64 mi26, Bushell Close, London, Greater London SW2 3LL3
£752.5K06/230.64 mi5a, Fieldhouse Road, London, Greater London SW12 0HL3
£825K11/200.66 mi22, Glenfield Road, London, Greater London SW12 0HG3
£795K06/210.67 mi29a, Glenfield Road, London, Greater London SW12 0HQ3
£821.5K08/210.67 mi19, Glenfield Road, London, Greater London SW12 0HQ3
£422.5K07/230.67 mi10a, Oakdale Road, London, Greater London SW16 2HP3
£770K12/200.68 mi16a, Emmanuel Road, London, Greater London SW12 0PB3

Local Rents

50 rents from £1.9K/mo to £5K/mo, average is £2.6K/mo.

RentDateDistanceAddressBeds 
£2,80010/240.04 mi-3
£3,80010/240.05 mi-3
£2,85010/240.05 mi-3
£2,00011/240.06 mi-3
£2,80011/240.07 mi-3
£2,75003/250.07 mi-3
£2,10009/240.07 miStreatham High Road London SW163
£3,50010/240.09 mi-3
£2,10009/240.13 miLeigham Avenue, Streatham, SW163
£3,50011/240.15 mi-3
£2,74504/250.15 mi-3
£2,10009/240.16 miLeigham Avenue, Streatham Hill3
£2,09709/240.16 miManor Court, Streatham3
£3,00004/250.19 mi-3
£2,60010/240.2 mi-3
£2,60010/240.2 mi-3
£2,60001/250.2 mi-3
£2,60004/250.2 mi-3
£5,00010/240.21 mi-3
£2,60003/250.23 mi-3
£2,16004/250.23 mi-3
£1,90010/240.24 mi-3
£3,50003/250.27 mi-3
£2,60003/250.28 mi-3
£2,50003/250.28 mi-3
£2,75009/240.29 mi-3
£2,65010/240.29 mi-3
£2,69811/240.29 mi-3
£2,50004/250.3 mi-3
£3,40009/240.31 miGaumont Place, Streatham Hill3
£3,50010/240.34 mi-3
£2,84709/240.35 miCricklade Avenue, SW23
£2,60004/250.36 mi-3
£2,80004/250.36 mi-3
£2,35003/250.37 mi-3
£3,00004/250.38 mi-3
£2,10002/250.39 mi-3
£3,10002/240.4 mi-3
£2,60002/250.42 mi-3
£2,50009/240.44 miLeithcote Gardens Streatham Hill SW163
£3,00009/240.44 miSalford Road Balham SW23
£2,95002/250.45 mi-3
£2,90004/250.47 mi-3
£2,80004/250.47 mi-3
£2,39904/250.49 mi-3
£2,80009/240.51 mi-3
£2,25009/240.52 mi-3
£2,55003/250.53 mi-3
£2,60011/240.53 mi-3
£2,60004/250.53 mi-3

Local Area Statistics

Population in SW16

81,543

Population in London

4,771,921

Town centre distance

6.49 miles away

Nearest school

0.20 miles away

Nearest train station

0.21 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+16%

Sales demand

Balanced market

Capital growth (5yrs)

+17%

Property History

Price changed to £400,000

December 4, 2024

Listed for £425,000

March 12, 2024

Floor Plans

Description

  • Three Bedrooms +
  • Victorian +
  • Ground Floor +
  • Private Garden +
  • Chain Free +
  • Project +

A three double bedroom ground floor Victorian conversion flat with private garden in need a modernisation with potential to extend subject to planning permission. The property has the benefit or no onward chain.

Blakemore Road is located just moments from Streatham Hill. Streatham Hill station is conveniently located a short distance from the property, as are the increasing number of bars, restaurants, shops and supermarkets local to this wonderful family home. The property further offers easy access to Balham and Brixton.

Agent Details

Aspire, Balham

020 3870 9371

Next Steps?

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