6 Bed Detached House, Refurb/BRRR, London, SW16 1QW, £3,000,000

Thirlmere Road, SW16 1QW - a year ago

Sold STC
Refurb/BRRR
~403 m²
+12 photos

ValuationFair Value

Sold Prices£845K - £2.5M
Sold Prices/m²£4.4K/m² - £12.6K/m²

 

 

Square Metres

~403.20 m²
Price/m²£7.4K/m²

Value Estimate

£3,060,000

 

 

End Value (After Refurb)

£2,897,209

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£750,000

Stamp Duty & Legal Fees

£362,450

Refurb Costs

£213,364

Bridging Loan Interest

£78,750

Total Cash In

£1,406,314

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£2,897,209

Mortgage (After Refinance)

£2,172,907

Mortgage LTV

75%

Cash Left In

£1,406,314

Equity

£724,302

Rent Range

£1,900 - £5,500

Rent Estimate

£2,910

Running Costs/mo

£9,656

Cashflow/mo

£-6,746

Cashflow/yr

£-80,949

Gross Yield

1%

Local Sold Prices

28 sold prices from £845K to £2.5M, average is £1.5M. £4.4K/m² to £12.6K/m², average is £6.1K/m².

PriceDateDistanceAddressBeds 
£1.9M12/200.08 mi34, Ambleside Avenue, London, Greater London SW16 1QP6
£925K06/230.29 mi7, Fayland Avenue, London, Greater London SW16 1SR6
£1.4M02/210.38 mi61, Thrale Road, London, Greater London SW16 1NU6
£1.3M02/210.39 mi3, Pinfold Road, London, Greater London SW16 2SL6
£950K09/210.44 mi35, Kingscourt Road, London, Greater London SW16 1JA6
£1.3M01/230.45 mi7, Pendennis Road, Streatham, London, Greater London SW16 2SS6
£1.6M04/210.49 mi66, Lewin Road, London, Greater London SW16 6JT6
£1.0M06/210.5 mi25, Parklands Road, London, Greater London SW16 6TB6
£1.5M01/220.54 mi48, Hopton Road, London, Greater London SW16 2EN6
£2.5M06/210.6 mi18, Abbotswood Road, London, Greater London SW16 1AP6
£1.1M08/220.61 mi127, Sunnyhill Road, London, Greater London SW16 2UW6
£1.7M02/220.67 mi10, Broadlands Avenue, London, Greater London SW16 1NA6
£845K03/210.68 mi6, Spalding Road, London, Greater London SW17 9BW6
£1.7M09/220.69 mi107, Drewstead Road, London, Greater London SW16 1AD6
£1.5M01/240.73 mi211, Bedford Hill, Balham, London, Greater London SW12 9HQ6
£1.2M11/200.73 mi44, Valleyfield Road, London, Greater London SW16 2HR6
£1.2M08/230.77 mi184, Mantilla Road, Balham, London, Greater London SW17 8DU6
£1.6M06/210.81 mi46, Ellison Road, London, Greater London SW16 5BY6
£1.1M06/230.82 mi59, Kempshott Road, Streatham, London, Greater London SW16 5LJ6
£1.4M03/210.83 mi28, Dornton Road, London, Greater London SW12 9ND6
£1.9M12/200.85 mi81, Streathbourne Road, London, Greater London SW17 8RA6
£1.6M03/210.91 mi52, Cloudesdale Road, London, Greater London SW17 8EU6
£1.0M05/220.93 mi4, Hilldown Road, London, Greater London SW16 3DZ6
£2.1M09/230.93 mi41, Huron Road, London, Greater London SW17 8RE6
£1.9M12/230.94 mi57, Ritherdon Road, London, Greater London SW17 8QE6
£2.4M06/210.94 mi54, Telford Avenue, London, Greater London SW2 4XF6
£1.6M06/220.99 mi6, Cornford Grove, London, Greater London SW12 9JF6
£975K12/200.99 mi78, Wyatt Park Road, London, Greater London SW2 3TP6

Local Rents

50 rents from £1.9K/mo to £5.5K/mo, average is £2.6K/mo.

RentDateDistanceAddressBeds 
£2,15002/250.05 mi-3
£2,15002/240.06 mi-3
£2,50001/250.06 mi-3
£2,80012/240.08 mi-3
£4,75003/250.11 mi-6
£2,50009/240.18 miBabington Road, London, SW163
£2,60011/240.18 mi-3
£2,90009/240.18 miAmbleside Avenue, Streatham, London, SW163
£2,60011/240.19 mi-3
£2,60009/240.2 miBabington Road, Streatham3
£2,80011/240.2 mi-4
£5,50002/240.22 mi-5
£2,05004/250.23 mi-3
£2,25009/240.25 miGleneagle Road, Streatham3
£1,96409/240.27 miFairmile Avenue, London, SW163
£2,70009/240.27 mi-3
£2,70009/240.27 miStanthorpe Road, London, SW163
£1,99509/240.28 mi-3
£1,99509/240.28 miFairmile Ave, London, SW163
£2,50009/240.33 miHopton Road, Streatham, SW163
£2,25009/240.33 mi-3
£2,80012/240.34 mi-3
£2,25002/250.35 mi-3
£2,60004/250.35 mi-3
£2,89502/250.36 mi-3
£2,10009/240.39 miRutford Road, Streatham, SW163
£2,00009/240.39 miRutford Road, Streatham, SW163
£2,55004/250.4 mi-4
£2,40010/240.4 mi-3
£4,25002/240.41 mi-5
£4,00009/240.41 mi-4
£4,00002/250.41 mi-5
£4,00009/240.41 miAbbotswood Road, London, SW164
£2,55002/250.41 mi-3
£4,00009/240.41 miMount Ephraim Lane London SW164
£4,00004/250.41 mi-4
£2,57504/250.42 mi-3
£2,75011/240.43 mi-3
£4,00004/250.43 mi-4
£3,90012/240.43 mi-4
£1,90009/240.44 miMitcham Lane, Streatham, SW163
£2,99509/240.44 miLewin Road, Streatham, SW163
£3,75010/240.46 mi-4
£2,20009/240.46 mi-3
£2,20009/240.46 miAlbert Carr Gardens, London, SW163
£2,25004/250.46 mi-3
£2,50009/240.47 mi-3
£2,80009/240.47 miRibblesdale Road, LONDON3
£2,80011/240.47 mi-3
£2,75003/250.47 mi-3

Local Area Statistics

Population in SW16

81,543

Population in London

4,771,921

Town centre distance

6.98 miles away

Nearest school

0.10 miles away

Nearest train station

0.29 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+16%

Sales demand

Balanced market

Capital growth (5yrs)

+17%

Property History

Listed for £3,000,000

March 27, 2024

Floor Plans

Description

  • Six bedrooms +
  • Two dressing rooms +
  • Four bathrooms +
  • Three en suites +
  • Laundry room +
  • Open plan kitchen +
  • Reception room +
  • Boot room +
  • Snug +
  • Office +

This magnificent fully detached Victorian house measures in excess of 3700 sq ft. The property has been completely renovated and extended by the current owners offering a fantastic mixture of Victorian grandeur with its incredible proportions and a high-quality modern interior. The house boasts a superb sense of lateral space with a huge amount of living space on the ground floor combined with six generous bedrooms arranged over the upper levels.

The front door opens to a wide entrance hall. Turning right as you enter the property takes you into a drawing room with large sash windows and beautiful hardwood floors. To the left of the entrance hall there is a office/snug and to the rear there is a second reception room that can easily be used as a dining room, playroom, or informal sitting room. One of the major draws to this impressive property is the open plan kitchen family room which measures in excess of 26 ft in length with a ceiling height in excess of three metres. The kitchen is beautifully finished with sleek units and high-end integrated appliances. A huge island with granite worktops and waterfall ends is the centre piece of the room. There is lots of space for entertaining as well as everyday family living. Magnificent sliding glazed panels open on two sides of the kitchen to give the space a true inside/outside connection.

From the kitchen there is direct access to a boot room which also has a door to the side passageway, this is an extremely useful area for dealing with muddy children and pets. The garden is roughly as wide as it is deep measuring approximately 62 ft sq. The garden is orientated to the south-east with a good open aspect to the south.

The principal bedroom can be found on the first floor and is particularly luxurious with ‘his and her’ dressing rooms and a superb ensuite bathroom that benefits from twin sinks, a standalone bath and a sperate shower cubicle. There are two further double bedrooms on the same level both benefiting from en suite facilities. Three further double bedrooms and a family bathroom can be found on the second floor along with a conveniently located laundry room. The front includes an off-street parking space, ground lighting and provision for a fast EV charging point. This property was a back-to-brick renovation, and all the walls, doors, windows, flooring, plumbing and electrics are brand new. The renovations further include a high specification AV and electrics system which includes integrated ceiling speakers to most rooms, a Sonos system, CCTV, electronic multi-zone heating and cat 6A cabling throughout.

Thirlmere Road forms part of a conservation area which is a popular enclave of good-quality family housing adjacent to Tooting Bec Common. There is an attractive parade of shops including a popular coffee shop nearby on Moyser Road in the area known locally as Furzedown. Transport can be found at Streatham Train Station (City Thameslink) and Tooting Bec Underground Station. In addition, there are a number of good state and private schools nearby (subject to entrance and catchment each year).

Council Tax Band: G | EPC: D | Tenure: Freehold

Agent Details

Rampton Baseley, Balham & Tooting

020 3834 8576

Next Steps?

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