3 Bed Flat, Refurb/BRRR, London, W5 3HP, £580,000

Creffield Road, London, W5 3HP - 32 views - 10 months ago

Under Offer

Refurb/BRRR

Negative Equity

~109 m²

+7 photos

ValuationFair Value

Sold Prices	£290K - £850K
Sold Prices/m²	£5.6K/m² - £7.8K/m²

Square Metres	~108.98 m²
Price/m²	£5.3K/m²
Value Estimate	£591,600£591,600

End Value (After Refurb)	£829,549£829,549
Uplift in Value	+43%+43%

Investment Opportunity

Cash In
Purchase Finance	Bridging LoanBridging Loan
Deposit (25%)	£145,000£145,000
Stamp Duty & Legal Fees	£35,100£35,100
Refurb Costs	£57,704£57,704
Bridging Loan Interest	£15,225£15,225
Total Cash In	£254,779£254,779

Cash Out
Monetisation	FlipRefinance & RentFlip
Estimated Sale Price	£829,549£829,549
Agent Fees (1%)	£8,295£8,295
Bridging Loan	£435,000£435,000
Bridging Loan Interest	£15,225£15,225
Flip Profit	£131,474£131,474

Local Sold Prices

27 sold prices from £290K to £850K, average is £540K. £5.6K/m² to £7.8K/m², average is £7K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£575K	04/23	0.12 mi	16b, Inglis Road, London, Greater London W5 3RN	-	-	3	Flat
£620K	03/23	0.16 mi	Flat 22, Hamilton Court, Hamilton Road, London, Greater London W5 2EJ	-	-	3	Flat
£560K	11/20	0.28 mi	16b, Woodgrange Avenue, London, Greater London W5 3NY	£5,773	97	3	Flat
£510K	10/20	0.3 mi	120, Ealing Village, London, Greater London W5 2EB	£7,612	67	3	Flat
£380K	08/23	0.3 mi	Flat 11, Hart Grove Court, Hart Grove, London, Greater London W5 3ND	-	-	3	Flat
£380K	08/23	0.3 mi	Flat 11, Hart Grove Court, Hart Grove, London, Greater London W5 3ND	-	-	3	Flat
£540K	11/23	0.32 mi	79, Ealing Village, London, Greater London W5 2EA	£6,585	82	3	Flat
£560K	01/21	0.35 mi	48, Ealing Village, London, Greater London W5 2LZ	£7,000	80	3	Flat
£350K	06/21	0.38 mi	2, Ealing Village, London, Greater London W5 2LY	-	-	3	Flat
£500K	06/23	0.38 mi	15, Ealing Village, London, Greater London W5 2LY	£7,813	64	3	Flat
£562.5K	11/20	0.38 mi	Flat 23, Rutland Court, Queens Drive, London, Greater London W3 0HL	-	-	3	Flat
£577K	01/21	0.39 mi	Flat 10, Thanet Court, Queens Drive, London, Greater London W3 0HW	-	-	3	Flat
£540K	04/23	0.43 mi	Flat 4, Hereford House, Queens Drive, London, Greater London W3 0HX	-	-	3	Flat
£500K	01/21	0.44 mi	178, Creffield Road, London, Greater London W3 9PX	£7,143	70	3	Flat
£475K	11/21	0.51 mi	Flat 22, Victoria Court, Kingsbridge Avenue, London, Greater London W3 9AH	-	-	3	Flat
£540K	12/20	0.62 mi	Flat 30, Ayr Court, Monks Drive, London, Greater London W3 0EA	-	-	3	Flat
£850K	10/23	0.67 mi	Flat 36, Haven Green Court, Haven Green, London, Greater London W5 2UY	-	-	3	Flat
£560K	02/21	0.76 mi	5, Billington Mews, London, Greater London W3 9BX	£5,570	101	3	Flat
£470K	10/20	0.79 mi	45, Ash Grove, London, Greater London W5 4AX	£7,015	67	3	Flat
£290K	11/23	0.8 mi	Flat 10, Steyne House, Horn Lane, London, Greater London W3 9NT	-	-	3	Flat
£335K	01/21	0.8 mi	Flat 19, Steyne House, Horn Lane, London, Greater London W3 9NT	-	-	3	Flat
£812.5K	02/23	0.84 mi	Flat B, 9, Park Hill, London, Greater London W5 2JS	-	-	3	Flat
£590K	03/21	0.9 mi	49a, Derwentwater Road, London, Greater London W3 6DF	£7,024	84	3	Flat
£640K	11/20	0.97 mi	Flat 22, Thorpe Hall Mansions, Eaton Rise, London, Greater London W5 2HB	-	-	3	Flat
£535K	12/20	0.97 mi	Flat 11, Thorpe Hall Mansions, Eaton Rise, London, Greater London W5 2HB	-	-	3	Flat
£720K	03/21	1 mi	Flat 25, Montpelier Court, Montpelier Road, London, Greater London W5 2QN	-	-	3	Flat
£650K	12/20	1 mi	Flat 17, Welsby Court, Eaton Rise, London, Greater London W5 2EX	-	-	3	Flat

Local Rents

48 rents from £1.1K/mo to £5K/mo, average is £2.8K/mo.

Rent	Date	Distance	Address	Beds	Type
£2,700	04/25	0.12 mi	-	3	Flat
£2,500	10/24	0.12 mi	Wolverton Mansions, Ealing Common	3	Flat
£2,850	03/25	0.12 mi	-	3	Flat
£2,800	10/24	0.14 mi	Fordhook Avenue, London	3	Flat
£2,800	10/24	0.14 mi	Fordhook Avenue, Ealing Common	3	Flat
£4,500	10/24	0.15 mi	Elm Avenue, London, W5	3	Flat
£2,500	10/24	0.2 mi	Bloosmsbury Close, London Ealing, W5	3	Flat
£2,500	10/24	0.2 mi	-	3	Flat
£2,600	02/25	0.21 mi	-	3	Flat
£1,100	04/25	0.22 mi	-	3	Flat
£2,750	10/24	0.23 mi	Granville Gdns, Ealing	3	Flat
£3,250	04/25	0.29 mi	-	3	Flat
£2,500	10/24	0.36 mi	The Grove, Ealing, W5	3	Flat
£4,500	10/24	0.36 mi	Elm Avenue, Ealing, W5	3	Flat
£4,500	10/24	0.36 mi	Elm Avenue, W5	3	Flat
£4,500	10/24	0.36 mi	Elm Avenue, London W5	3	Flat
£2,900	12/24	0.38 mi	-	3	Flat
£2,500	10/24	0.39 mi	-	3	Flat
£2,700	10/24	0.39 mi	The Mall, London, W5	3	Flat
£2,700	10/24	0.39 mi	-	3	Flat
£3,250	10/24	0.4 mi	Gunnersbury Avenue, Ealing, W5	3	Flat
£3,000	10/24	0.41 mi	Deena Close, Acton, W3 0HR	3	Flat
£3,300	11/24	0.42 mi	-	3	Flat
£3,000	11/24	0.42 mi	-	3	Flat
£2,747	10/24	0.44 mi	Grange Park, Ealing, W5	3	Flat
£2,300	10/24	0.44 mi	Noel Road, Acton, London, UK, W3	3	Flat
£2,297	10/24	0.45 mi	Lynton Road, Acton	3	Flat
£3,250	10/24	0.45 mi	-	3	Flat
£2,950	12/24	0.45 mi	-	3	Flat
£3,250	10/24	0.45 mi	-	3	Flat
£4,950	02/24	0.46 mi	-	3	Flat
£4,700	03/25	0.46 mi	-	3	Flat
£4,750	04/25	0.46 mi	-	3	Flat
£2,950	10/24	0.48 mi	Whitehall Gardens, Acton, W3	3	Flat
£2,550	10/24	0.51 mi	-	3	Semi-Detached House
£2,945	03/25	0.52 mi	-	3	Flat
£2,400	10/24	0.55 mi	Mountfield Road, W5	3	Detached House
£2,400	10/24	0.56 mi	Mountfield Road, Ealing, W5	3	Flat
£3,497	10/24	0.56 mi	Haven Green, Haven Green	3	Flat
£4,750	11/24	0.57 mi	-	3	Semi-Detached House
£2,950	10/24	0.58 mi	Mountfield road, Ealing, W5	3	Flat
£2,400	10/24	0.59 mi	Chester Court, Monks Drive, West Acton	3	Flat
£2,400	10/24	0.59 mi	Flat , Chester Court, Monks Drive, London	3	Flat
£3,900	03/25	0.59 mi	-	3	Flat
£2,800	02/25	0.6 mi	-	3	Flat
£2,800	03/25	0.6 mi	-	3	Flat
£2,650	10/24	0.61 mi	Woodville Road, Ealing, W5	3	Flat
£2,999	10/24	0.61 mi	Park Place, Ealing	3	Detached House

Local Area Statistics

Population in W5	49,95249,952
Population in London	4,771,9214,771,921
Town centre distance	8 miles away8 miles away
Nearest school	0.30 miles away0.30 miles away
Nearest train station	0.17 miles away0.17 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	+4%+4%
Sales demand	Buyer's marketBuyer's market
Capital growth (5yrs)	+5%+5%

Property History

Listed for £580,000

-72%

June 4, 2024

Sold for £999,500

2013

Floor Plans

Description

No chain +
Share of freehold +
Three good size double bedrooms +
Spacious first floor flat in need of modernisation +
Period conversion with original features +
Close to Ealing Common +
Excellent transport links +

In need of modernisation and refurbishment, spacious first floor flat with generous accommodation including three double bedrooms. The property benefits from original features; sash windows, picture rails, high ceilings with cornices and some original fireplaces.

The property boasts a superb opportunity for modernisation and updating to convert into a truly special home for couples or families alike.

First floor entrance door leads to hallway with built-in stores, giving access to wll lit living room, three good-sized double bedrooms, kitchen, part tiled large shower room and separate WC.

Located just moments from the green space of Ealing Common with District and Piccadilly lines. The Elizabethan Line is also now fully operational at Ealing Broadway, along with access to the Central Line. Well located for coffee shops, restaurants and all local amenities.

Agent Details

Wilkinson & Fox, London

020 3840 3561

Next Steps?

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

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