2 Bed Flat, Refurb/BRRR, London, SE15 6AB, £515,000

South City Court, Peckham Grove, London SE15 6AB - a year ago

Sold STC
Leasehold
Refurb/BRRR
ROI: 1%
~81 m²
+17 photos

ValuationFair Value

Sold Prices£190K - £705K
Sold Prices/m²£3.6K/m² - £15.7K/m²

 

 

Square Metres

~80.90 m²
Price/m²£6.4K/m²

Value Estimate

£520,150

 

 

End Value (After Refurb)

£525,850

Uplift in Value

+2%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£128,750

Stamp Duty & Legal Fees

£29,900

Refurb Costs

£42,965

Bridging Loan Interest

£13,519

Total Cash In

£216,884

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£525,850

Mortgage (After Refinance)

£394,388

Mortgage LTV

75%

Cash Released

£8,138

Cash Left In

£208,747

Equity

£131,463

Rent Range

£1,500 - £3,600

Rent Estimate

£2,226

Running Costs/mo

£2,108

Cashflow/mo

£118

Cashflow/yr

£1,410

ROI

1%

Gross Yield

5%

Local Sold Prices

50 sold prices from £190K to £705K, average is £438.8K. £3.6K/m² to £15.7K/m², average is £7.3K/m².

PriceDateDistanceAddressBeds 
£325K03/210.03 mi55, Granville Square, London, Greater London SE15 6DX2
£440K03/210.17 miFlat B, 163, Elmington Road, London, Greater London SE5 7QZ2
£345K03/230.2 mi17, Gables Close, London, Greater London SE5 7QF2
£490K12/200.21 mi12a, St Giles Road, London, Greater London SE5 7RL2
£420K04/210.23 miFlat 4, Shannon Court, Garnies Close, London, Greater London SE15 6LJ2
£355K04/230.24 mi20, Garnies Close, London, Greater London SE15 6HW2
£335K05/210.29 miFlat 25, Palm Court, Garnies Close, London, Greater London SE15 6PB2
£390K04/230.31 mi15c, Southampton Way, London, Greater London SE5 7SW2
£410K02/210.34 mi41, Hopewell Yard, London, Greater London SE5 7QS2
£445K03/210.34 mi28, Hopewell Yard, London, Greater London SE5 7QS2
£380K04/230.35 miFlat 8, Dekker House, Elmington Estate, London, Greater London SE5 7QR2
£437.5K01/230.39 mi47, Kelly Avenue, London, Greater London SE15 5LB2
£347K05/210.39 mi105, Pennack Road, London, Greater London SE15 6DE2
£705K07/230.41 mi41b, Bushey Hill Road, London, Greater London SE5 8QF2
£444K01/210.43 mi158, Don Phelan Close, London, Greater London SE5 7DB2
£345K03/230.46 miFlat 9, Tern House, Pelican Estate, London, Greater London SE15 5NL2
£600K06/230.46 mi24a, Dagmar Road, London, Greater London SE5 8NZ2
£515K12/200.48 mi72, Linnell Road, London, Greater London SE5 8NJ2
£450K11/200.48 mi18, Wilson Road, London, Greater London SE5 8PB2
£190K12/200.48 miFlat 66, Masterman House, Elmington Estate, London, Greater London SE5 7HX2
£450K01/210.49 miFlat 9, Bushey Hall, Bushey Hill Road, London, Greater London SE5 8QG2
£665K06/210.51 mi34c, Wilson Road, London, Greater London SE5 8PE2
£605K01/210.51 mi33a, Wilson Road, London, Greater London SE5 8PE2
£612K09/210.52 mi1, Graces Road, London, Greater London SE5 8PF2
£570K06/210.52 mi77a, Graces Road, London, Greater London SE5 8PF2
£325K12/210.52 mi66, Latona Road, London, Greater London SE15 6RY2
£347K06/210.53 miFlat 77, Fearnley House, Vestry Road, London, Greater London SE5 8JR2
£240K02/210.54 mi69, Haymerle Road, London, Greater London SE15 6SQ2
£640K06/210.55 mi9, Portland Street, London, Greater London SE17 2PF2
£567.5K07/210.56 mi106a, Bushey Hill Road, London, Greater London SE5 8QQ2
£500K03/230.58 mi119b, Crofton Road, London, Greater London SE5 8LZ2
£558.5K12/210.58 mi100c, Peckham Hill Street, London, Greater London SE15 5JT2
£226K12/200.59 miFlat 3, Ednam House, Friary Estate, London, Greater London SE15 6SE2
£330K03/230.61 miFlat 17, St. Johns House, Lytham Street, London, Greater London SE17 2PW2
£325K12/200.62 miFlat 44, St. Peters House, Queens Row, London, Greater London SE17 2PU2
£448K07/230.63 miFlat 34, Wakefield House, Goldsmith Road, London, Greater London SE15 5ST2
£400K06/230.64 mi32, Wentworth Crescent, London, Greater London SE15 5UG2
£280K12/200.64 miFlat 23, Arnot House, Comber Grove, London, Greater London SE5 0LA2
£280K12/200.64 miFlat 23, Arnot House, Comber Grove, London, Greater London SE5 0LA2
£500K01/210.65 miFlat 4, Spectrum Place, Lytham Street, London, Greater London SE17 2GP2
£365K03/230.66 miFlat 19, Cameron House, Comber Grove, London, Greater London SE5 0UJ2
£440K10/200.67 mi50, Aylesbury Road, London, Greater London SE17 2EH2
£335K12/200.68 mi14b, Marmont Road, London, Greater London SE15 5TE2
£500K06/210.7 mi16b, Urlwin Street, London, Greater London SE5 0NF2
£338K03/230.7 miFlat 21, Mawbey House, Old Kent Road, London, Greater London SE1 5PG2
£475K10/210.7 mi66, Wooler Street, London, Greater London SE17 2EF2
£445K03/230.7 mi69a, Friary Road, Peckham, London, Greater London SE15 1QS2
£412.5K01/230.71 mi135, Linwood Close, Camberwell, London, Greater London SE5 8UY2
£455K01/210.71 mi117, Linwood Close, London, Greater London SE5 8UY2
£455.5K12/200.71 mi127, Linwood Close, London, Greater London SE5 8UY2

Local Rents

51 rents from £1.5K/mo to £3.6K/mo, average is £2.1K/mo.

RentDateDistanceAddressBeds 
£1,85008/240 miPeckham Grove SE152
£2,90008/240 miPeckham Grove, Peckham, SE152
£2,90008/240 miPeckham Grove2
£1,89511/240.04 mi-2
£1,95008/240.04 miPeckham Grove, Peckham, SE152
£2,10008/240.04 miBlakes Road, London, SE152
£2,20008/240.05 miPeckham Grove London SE152
£2,25003/250.05 mi-2
£1,80008/240.07 miBlakes Road Peckham SE152
£1,90008/240.09 miBlakes Road, SE15 2
£2,29508/240.09 mi-2
£2,49512/240.09 mi-2
£2,20008/240.09 miChandler Way Peckham SE152
£2,50011/240.1 mi-2
£2,50002/250.1 mi-2
£2,50003/250.1 mi-2
£3,60008/240.11 miMural House, London, SE52
£3,60008/240.11 mi-2
£1,85008/240.12 miMarchwood Close, London, SE52
£1,89008/240.13 mi-2
£1,89008/240.13 miChandler Way, London, SE152
£1,95002/250.14 mi-2
£2,04302/250.14 mi-2
£2,50008/240.15 mi108 Chandler Way Peckham SE152
£1,95002/240.15 mi-2
£1,90008/240.15 miEddington Court, Peckham, SE152
£1,98003/250.15 mi-2
£1,95011/240.16 mi-2
£1,84208/240.16 miEddington Court, Peckham, London2
£2,20008/240.18 miAda Road, London, SE5 7RW2
£2,10008/240.2 miBibury Close London SE152
£2,20008/240.2 miBibury Close, LONDON2
£1,80002/250.2 mi-2
£2,10008/240.2 miCalypso Crescent, London, SE152
£2,10008/240.2 mi-2
£2,30010/240.21 mi-2
£2,10001/250.21 mi-2
£2,10001/250.21 mi-2
£1,50008/240.22 miCronin Street, Peckham, London, SE152
£2,20008/240.23 miHarris Street, Camberwell, London, SE52
£2,50008/240.23 miSt Georges Way, Camberwell, London, SE152
£2,15001/250.23 mi-2
£2,00008/240.25 miSt Giles, Marianne Close, SE52
£2,30012/240.25 mi-2
£2,30012/240.25 mi-2
£2,07511/240.26 mi-2
£2,00008/240.27 mi-2
£2,75012/240.29 miFitton Court, Camberwell, London, SE52
£2,40012/240.3 mi-2
£2,00011/240.3 mi-2
£2,20002/250.3 mi-2

Local Area Statistics

Population in SE15

63,647

Population in London

4,771,921

Town centre distance

3.58 miles away

Nearest school

0.20 miles away

Nearest train station

0.79 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+15%

Sales demand

Balanced market

Capital growth (5yrs)

+10%

Property History

Listed for £515,000

March 27, 2024

Floor Plans

Description

Full-width warehouse windows and towering ceilings create dramatic living spaces in this two-bedroom flat in Camberwell. A recent renovation has made smart use of a concise and tactile palette that includes engineered oak, lime plaster and micro-cement. The building is a short walk from South London Gallery, the culinary delights of Camberwell Church Street and the wide, open greenery of Burgess Park.

The Tour

South City Court is a striking warehouse building. Its red-brick façade is punctuated by banks of glazing and stuccoed courses, with a scale and finish unusual to this part of Camberwell.

The apartment is on the ground floor, with access through a well-maintained communal hallway.

An exacting renovation has introduced layered textures to the original bones, marrying towering ceilings and expansive Crittall windows with exposed brick and engineered oak flooring. A voluminous open-plan living room is arranged with three clear zones for cooking, dining and lounging. On sunny days light tracks across the space, highlighting the wonderful textures that characterise the palette of this renovation.

A kitchen of Velchromat cabinetry and micro-cement worktops provides invitingly tactile surfaces. Cabinetry along the rear of the room houses integrated appliances, with a matching sociable island opposite.

The hallway, with built-in storage, leads to two large double bedrooms. Both rooms have further built-in storage and plenty of room to accommodate a workspace. One has an en suite, with a separate bathroom off the hallway.

The flat has an allocated parking space within the development.

The Area

Camberwell is a thriving neighbourhood, kept young at heart by the presence of the Camberwell College of Art. The area has traditionally been home to lots of creatives; the studios of Anish Kapoor, recently designed by Caseyfiero Architects, and Raqib Shaw, are both nearby; South London Gallery, designed by 6A Architects, is a short walk away too. The iconic Jazzlive at the Crypt consistently puts on excellent shows every Friday night.

South City Court is very close to Camberwell Church Street and its esteemed culinary scene. An excellent selection of independent restaurants, cafés and delis are all within walking distance from the house, including The Daily Goods coffee shop, Theo’s Pizza, the esteemed Toad Bakery, and The Camberwell Arms pub. The newly opened Grove Lane Deli is hugely popular for provisions along with Gladwell’s Grocery. There is also a weekly farmers’ market on Camberwell Green.

Our residents’ guide to Camberwell looks at some of the area’s top spots in greater detail.

Bellenden Road in Peckham has an equally desirable selection of restaurants, cafés, and pubs, is just a 20-minute walk away. We’ve written more about our Peckham recommendations in our Journal.

Burgess Park is a five-minute walk away. Its 140 acres feature tennis courts, sports pitches, two community gardens, a gallery and an expansive lake where fishermen can enjoy a spot of carp fishing. The green spaces of Ruskin Park and Peckham Rye are both within easy walking distance. Local leisure facilities also include the nearby Butterfly Tennis Club and Camberwell Green swimming pool.

Denmark Hill Station is a 20-minute walk and runs direct rail services to Victoria, Blackfriars and St Pancras International, and overground services to Clapham Junction or Dalston Junction via Canada Water, which connects to the Jubilee Line. Camberwell is also well-served by at least 10 bus routes.

Tenure: Leasehold
Lease Length: Approx. 976 years
Service Charge: Approx. £3,200 per annum
Ground Rent: Approx. £250 per annum
Council Tax Band: B

Agent Details

The Modern House, London

020 3834 8558

Next Steps?

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