4 Bed House, Refurb/BRRR, London, E8 4BL, £900,000

Middleton Road, London Fields, E8 4BL - 50 views - a year ago

Cash

Refurb/BRRR

~140 m²

+4 photos

ValuationFair Value

Sold Prices	£670K - £3.5M
Sold Prices/m²	£6.9K/m² - £27.2K/m²

Square Metres	~139.80 m²
Price/m²	£6.4K/m²
Value Estimate	£900,000£900,000

End Value (After Refurb)	£1,588,636£1,588,636
Uplift in Value	+77%+77%
You could potentially get back more cash than you put into this deal. All your cash out plus £131,444 extra. See the breakdown

Investment Opportunity

Cash In
Purchase Finance	Bridging LoanBridging Loan
Deposit (25%)	£225,000£225,000
Stamp Duty & Legal Fees	£60,700£60,700
Refurb Costs	£73,959£73,959
Bridging Loan Interest	£23,625£23,625
Total Cash In	£385,034£385,034

Cash Out
Monetisation	FlipRefinance & RentFlip
Estimated Sale Price	£1,588,636£1,588,636
Agent Fees (1%)	£15,886£15,886
Bridging Loan	£675,000£675,000
Bridging Loan Interest	£23,625£23,625
Flip Profit	£512,716£512,716

Local Sold Prices

50 sold prices from £670K to £3.5M, average is £1.6M. £6.9K/m² to £27.2K/m², average is £11K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£819.1K	05/21	0.13 mi	57, Celandine Drive, London, Greater London E8 3XF	£7,952	103	4	Terraced House
£1.4M	04/21	0.13 mi	14, Albion Drive, London, Greater London E8 4ET	£11,736	121	4	Semi-Detached House
£1.9M	06/21	0.14 mi	5, De Beauvoir Square, London, Greater London N1 4LG	-	-	4	Semi-Detached House
£1.3M	06/21	0.15 mi	41, Middleton Road, London, Greater London E8 4BJ	-	-	4	Terraced House
£2.4M	10/22	0.15 mi	10, Albion Square, London, Greater London E8 4ES	-	-	4	Terraced House
£1.4M	12/22	0.18 mi	84, Mortimer Road, London, Greater London N1 4LH	£12,436	117	4	Terraced House
£2.5M	12/23	0.18 mi	20, De Beauvoir Square, London, Greater London N1 4LD	-	-	4	Terraced House
£1.9M	06/21	0.19 mi	50, Mortimer Road, London, Greater London N1 5AP	£10,656	179	4	Terraced House
£900K	06/21	0.2 mi	12, Jacaranda Grove, London, Greater London E8 3BA	-	-	4	Terraced House
£2.2M	01/21	0.24 mi	27, Stamford Road, London, Greater London N1 4JP	£12,500	176	4	Terraced House
£1.7M	08/21	0.25 mi	244, Queensbridge Road, London, Greater London E8 3NB	£10,814	160	4	Terraced House
£1.3M	03/21	0.25 mi	248, Queensbridge Road, London, Greater London E8 3NB	£7,267	172	4	Terraced House
£1.6M	11/22	0.28 mi	23, Buckingham Road, London, Greater London N1 4DG	£12,674	129	4	Semi-Detached House
£1.4M	09/21	0.28 mi	104, De Beauvoir Road, London, Greater London N1 4DJ	£12,850	107	4	Semi-Detached House
£3.5M	09/23	0.3 mi	22, Northchurch Road, London, Greater London N1 4EH	-	-	4	Semi-Detached House
£1.6M	06/21	0.31 mi	37, Englefield Road, London, Greater London N1 4HJ	£9,789	166	4	Terraced House
£1.8M	02/21	0.32 mi	68, Ufton Road, London, Greater London N1 4HH	£12,824	139	4	Semi-Detached House
£1.9M	05/22	0.34 mi	134, Richmond Road, London, Greater London E8 3HW	-	-	4	Semi-Detached House
£1.6M	12/20	0.34 mi	15, Malvern Road, London, Greater London E8 3LT	£8,807	176	4	Semi-Detached House
£2.6M	03/21	0.34 mi	1, Malvern Road, London, Greater London E8 3LT	-	-	4	Detached House
£1.6M	06/22	0.35 mi	37, Malvern Road, London, Greater London E8 3LP	-	-	4	Semi-Detached House
£1.4M	03/21	0.36 mi	43, Malvern Road, London, Greater London E8 3LP	-	-	4	Semi-Detached House
£1.6M	05/23	0.36 mi	54, Malvern Road, London, Greater London E8 3LP	-	-	4	Semi-Detached House
£1.8M	05/22	0.36 mi	68, Albion Drive, London, Greater London E8 4LX	-	-	4	Semi-Detached House
£2.4M	06/24	0.37 mi	16, Ufton Grove, London, Greater London N1 4HG	£15,878	148	4	Terraced House
£1.4M	06/23	0.37 mi	2, Ardleigh Road, London, Greater London N1 4HP	£9,932	146	4	Semi-Detached House
£2.3M	01/22	0.37 mi	49, Malvern Road, London, Greater London E8 3LJ	£19,565	115	4	Semi-Detached House
£1.4M	07/23	0.37 mi	370, Queensbridge Road, London, Greater London E8 3AR	£10,221	133	4	Terraced House
£750K	11/22	0.39 mi	54, Brownlow Road, London, Greater London E8 4NR	-	-	4	Terraced House
£1.5M	06/21	0.39 mi	18, Parkholme Road, London, Greater London E8 3AG	-	-	4	Terraced House
£1.9M	10/20	0.39 mi	51, Albion Drive, London, Greater London E8 4LT	£27,206	68	4	Semi-Detached House
£2.1M	06/23	0.41 mi	84, Buckingham Road, London, Greater London N1 4JE	£10,741	200	4	Semi-Detached House
£1.7M	12/22	0.42 mi	128, Tottenham Road, London, Greater London N1 4DY	£13,121	133	4	Terraced House
£1.3M	09/21	0.43 mi	112, Albion Drive, London, Greater London E8 4LY	-	-	4	Semi-Detached House
£1.4M	11/21	0.43 mi	Seaview Cottage, 71, Southgate Road, London, Greater London N1 3JS	-	-	4	Terraced House
£1.4M	03/21	0.43 mi	42, Parkholme Road, London, Greater London E8 3AQ	£8,080	168	4	Terraced House
£1.6M	07/21	0.45 mi	165, Southgate Road, London, Greater London N1 3LE	£9,939	157	4	Terraced House
£1.6M	09/23	0.45 mi	171, Southgate Road, London, Greater London N1 3LE	£13,964	111	4	Terraced House
£1.5M	06/21	0.46 mi	149, Balls Pond Road, London, Greater London N1 4BG	£10,281	146	4	Terraced House
£2.4M	06/21	0.48 mi	13, Elrington Road, London, Greater London E8 3BJ	£12,656	192	4	Terraced House
£1.7M	09/23	0.49 mi	5, Park Place, London, Greater London N1 3JU	£12,234	141	4	Terraced House
£1.8M	10/23	0.49 mi	4, Park Place, London, Greater London N1 3JU	£12,382	142	4	Terraced House
£1.6M	01/23	0.49 mi	18, Graham Road, London, Greater London E8 1BZ	£11,151	139	4	Terraced House
£1.2M	05/21	0.51 mi	53, Lansdowne Drive, London, Greater London E8 3EP	£8,837	141	4	Terraced House
£1.3M	08/22	0.51 mi	3, Stannard Road, London, Greater London E8 1DB	£8,933	150	4	Semi-Detached House
£1.1M	12/22	0.54 mi	10a, Appleby Road, London, Greater London E8 3ET	£18,033	61	4	Semi-Detached House
£1.2M	10/23	0.56 mi	3, St Jude Street, London, Greater London N16 8JU	£10,330	115	4	Terraced House
£1.1M	03/21	0.59 mi	17, Sherborne Street, London, Greater London N1 3FJ	£6,879	157	4	Semi-Detached House
£670K	11/21	0.61 mi	8, Mildmay Street, London, Greater London N1 4AB	-	-	4	Terraced House
£2.5M	06/21	0.63 mi	161, Northchurch Road, London, Greater London N1 3NT	-	-	4	Semi-Detached House

Local Rents

51 rents from £2.5K/mo to £10.8K/mo, average is £3.9K/mo.

Rent	Date	Distance	Address	Beds	Type
£5,250	05/24	0.11 mi	Albion Terrace, London, E8	4	Semi-Detached House
£4,950	05/24	0.11 mi	-	4	Semi-Detached House
£3,600	03/24	0.14 mi	333 Kingsland Road, E8 4FD	3	Flat
£6,500	04/24	0.16 mi	Kingsland Road, London, E8	4	House
£4,000	05/24	0.16 mi	Star House, London, E8	5	Flat
£4,000	05/24	0.16 mi	Star House, London, E8	5	Flat
£4,000	05/24	0.16 mi	-	5	Flat
£3,333	12/24	0.16 mi	-	3	Flat
£4,000	01/25	0.16 mi	-	5	Flat
£3,000	03/25	0.16 mi	-	3	Flat
£3,900	03/24	0.16 mi	Middleton Road, London, E8	3	Flat
£3,900	03/24	0.16 mi	-	3	Flat
£3,900	03/24	0.16 mi	-	3	Flat
£7,000	03/24	0.16 mi	Kingsland Road, London, E8	4	Flat
£3,700	12/24	0.16 mi	-	3	Flat
£3,848	12/24	0.17 mi	Downham Road, Islington, N1	3	Flat
£10,833	05/24	0.17 mi	Albion Square, Hackney, London, E8	3	Semi-Detached House
£4,950	05/24	0.17 mi	-	3	Flat
£3,950	12/24	0.18 mi	De Beauvoir Apartments, Dalston, London, N1	3	Flat
£2,700	04/25	0.18 mi	-	3	Flat
£6,500	03/24	0.19 mi	Kingsland Road, Dalston, E8	4	Terraced House
£4,250	12/24	0.19 mi	-	4	Flat
£4,000	04/25	0.2 mi	-	3	Flat
£4,004	04/25	0.2 mi	-	3	Semi-Detached House
£3,000	01/25	0.21 mi	-	4	Flat
£2,750	04/25	0.21 mi	-	3	Flat
£2,900	04/24	0.21 mi	-	3	Flat
£3,400	04/24	0.21 mi	Kingsland Road, Haggerston, London, E8	3	Flat
£3,400	04/24	0.21 mi	Kingsland Road, Haggerston, London, E8	3	Flat
£2,900	03/24	0.21 mi	-	3	Flat
£2,900	04/24	0.21 mi	-	3	Flat
£7,500	12/24	0.22 mi	Northchurch Terrace, Dalston, N1	4	House
£4,500	12/24	0.22 mi	Downham Road, London	3	House
£5,750	12/24	0.23 mi	-	3	Flat
£4,400	12/24	0.23 mi	Hertford Road, London, N1	3	Flat
£4,250	03/24	0.23 mi	-	3	Flat
£3,000	01/25	0.23 mi	-	3	Flat
£2,496	03/24	0.23 mi	Livermere Road, Haggerston	3	Flat
£3,600	03/24	0.23 mi	Infinity Heights, Kingsland Road, Haggerston, E8	3	Flat
£3,600	04/24	0.23 mi	Infinity Heights, Kingsland Road, Haggerston, E8	3	Flat
£3,400	04/24	0.23 mi	Infinity Heights, Kingsland Road, Haggerston, E8	3	Flat
£6,000	12/24	0.24 mi	-	3	Terraced House
£3,500	01/25	0.24 mi	-	3	Flat
£7,500	12/24	0.24 mi	Northchurch Terrace, De Beauvoir Town, N1	4	Terraced House
£2,750	04/25	0.24 mi	-	3	Flat
£2,750	04/25	0.24 mi	-	3	Flat
£3,400	03/24	0.24 mi	Adelaide Wharf, Queensbridge Road	3	Flat
£2,800	12/24	0.26 mi	-	3	Flat
£2,800	12/24	0.26 mi	-	3	Flat
£2,800	03/25	0.26 mi	-	3	Flat
£4,000	05/24	0.27 mi	Kingsland Road, Islington	3	Flat

Local Area Statistics

Population in E8	39,07139,071
Population in London	4,771,9214,771,921
Town centre distance	1.57 miles away1.57 miles away
Nearest school	0.10 miles away0.10 miles away
Nearest train station	0.13 miles away0.13 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	+15%+15%
Sales demand	Balanced marketBalanced market
Capital growth (5yrs)	+10%+10%

Property History

Listed for £900,000

May 15, 2024

Floor Plans

Description

Kingsland Conservation Area +
19th Century Freehold Entity +
Scope to Add Value Through Improvement +
Rear Garden +
London Fields Park A Moments Walk Away +
Four Bedrooms +
Chain Free +
Cash Buyers Only +
1505 Sq/Ft Internal Living Space +

Price Guide £900,000 - £1,000,000
Providing huge scope to add value through improvement and re-modelling, is this four storey, 19th century, freehold entity. Situated within the Kingsland Conservation Area and forming part of this charming residential enclave, the property suits those looking to implement their own ideas and tastes in the form of a renovation project. Cash Buyers Only

With its prime location, architectural character, and potential for renovation, this is an enticing prospect for those looking to make their mark on a piece of London's rich heritage.

This Victorian gem is situated in the sought-after area of London Fields, known for its vibrant atmosphere, green spaces, and excellent amenities. Residents can enjoy easy access to trendy cafes, boutiques, and artisanal markets, as well as the picturesque London Fields Park.

Do not miss out on this opportunity and enquire today.

Agent Details

Butler & Stag, London

020 3834 8607

Next Steps?

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

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