3 Bed Terraced House, Refurb/BRRR, CR7 7PD, £475,000

Oaklands Avenue, Thornton Heath, CR7 7PD - 2 views - 10 months ago

Refurb/BRRR
~120 m²
+11 photos

ValuationFair Value

Sold Prices£335K - £685K
Sold Prices/m²£3.2K/m² - £6.4K/m²

 

 

Square Metres

~120 m²
Price/m²£4K/m²

Value Estimate

£475,000

 

 

End Value (After Refurb)

£565,049

Uplift in Value

+19%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£118,750

Stamp Duty & Legal Fees

£26,700

Refurb Costs

£63,484

Bridging Loan Interest

£12,469

Total Cash In

£223,153

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£565,049

Mortgage (After Refinance)

£423,786

Mortgage LTV

75%

Cash Released

£67,536

Cash Left In

£155,616

Equity

£141,262

Rent Range

£1,700 - £3,000

Rent Estimate

£2,060

Running Costs/mo

£2,198

Cashflow/mo

£-138

Cashflow/yr

£-1,656

Gross Yield

5%

Local Sold Prices

50 sold prices from £335K to £685K, average is £455K. £3.2K/m² to £6.4K/m², average is £4.5K/m².

PriceDateDistanceAddressBeds 
£416K12/200.03 mi46, Oaklands Avenue, Thornton Heath, Greater London CR7 7PH3
£455K03/210.03 mi8, Oaklands Avenue, Thornton Heath, Greater London CR7 7PH3
£410K07/230.04 mi17, Goston Gardens, Thornton Heath, Greater London CR7 7NR3
£460K09/210.07 mi72, Warwick Road, Thornton Heath, Greater London CR7 7NE3
£335K06/210.08 mi49, Wiltshire Road, Thornton Heath, Greater London CR7 7QP3
£382.5K12/200.09 mi20, Wiltshire Road, Thornton Heath, Greater London CR7 7QN3
£398.5K12/220.1 mi26, Wiltshire Road, Thornton Heath, Greater London CR7 7QN3
£485K07/230.11 mi1, St Stephens Crescent, Thornton Heath, Greater London CR7 7NP3
£450K02/210.16 mi75, Strathyre Avenue, London, Greater London SW16 4RF3
£535K02/210.16 mi17, Strathyre Avenue, London, Greater London SW16 4RF3
£500K03/210.16 mi9, Langdale Road, Thornton Heath, Greater London CR7 7PS3
£460K09/210.16 mi19, Langdale Road, Thornton Heath, Greater London CR7 7PS3
£430K12/200.17 mi28, Totton Road, Thornton Heath, Greater London CR7 7QR3
£385K05/210.17 mi52, Totton Road, Thornton Heath, Greater London CR7 7QR3
£600K06/230.17 mi80, Totton Road, Thornton Heath, Greater London CR7 7QR3
£405K03/210.19 mi75, Stratford Road, Thornton Heath, Greater London CR7 7QL3
£450K03/210.19 mi58, Headcorn Road, Thornton Heath, Greater London CR7 6JP3
£562.5K08/230.19 mi19, Kilmartin Avenue, London, Greater London SW16 4RE3
£470K03/230.21 mi4, Grove Road, Thornton Heath, Greater London CR7 6HH3
£475K08/220.22 mi31, Wharfedale Gardens, Thornton Heath, Greater London CR7 6LD3
£450K06/210.22 mi19, Wharfedale Gardens, Thornton Heath, Greater London CR7 6LD3
£450K06/210.22 mi19, Wharfedale Gardens, Thornton Heath, Greater London CR7 6LD3
£425K01/210.23 mi45, Malvern Road, Thornton Heath, Greater London CR7 7LW3
£400K06/210.25 mi42, Malvern Road, Thornton Heath, Greater London CR7 7LQ3
£395K06/210.25 mi56, Beechwood Avenue, Thornton Heath, Greater London CR7 7DZ3
£368K05/210.25 mi42, Beechwood Avenue, Thornton Heath, Greater London CR7 7DZ3
£435K01/210.26 mi152, Strathyre Avenue, London, Greater London SW16 4RQ3
£443K03/210.26 mi147, Strathyre Avenue, London, Greater London SW16 4RH3
£485K03/210.28 mi38, Braemar Avenue, Thornton Heath, Greater London CR7 7RG3
£455K12/200.29 mi73, Richmond Road, Thornton Heath, Greater London CR7 7QF3
£492K01/230.29 mi110, Richmond Road, Thornton Heath, Greater London CR7 7QD3
£570K04/210.3 mi10a, Forrest Gardens, London, Greater London SW16 4LP3
£432K07/210.3 mi57, Dovercourt Avenue, Thornton Heath, Greater London CR7 7LJ3
£480K03/230.3 mi69, Wharfedale Gardens, Thornton Heath, Greater London CR7 6LE3
£485K03/230.3 mi26, Linden Avenue, Thornton Heath, Greater London CR7 7DU3
£475K02/210.31 mi89, Leander Road, Thornton Heath, Greater London CR7 6JZ3
£470K03/210.31 mi101, Leander Road, Thornton Heath, Greater London CR7 6JZ3
£337K03/210.31 mi58, Beverstone Road, Thornton Heath, Greater London CR7 7LT3
£507K05/230.31 mi118, Leander Road, Thornton Heath, Greater London CR7 6JW3
£375K03/210.31 mi25, Maplethorpe Road, Thornton Heath, Greater London CR7 7LZ3
£390K05/210.33 mi41, Foxley Road, Thornton Heath, Greater London CR7 7DX3
£455K06/230.33 mi39, Foxley Road, Thornton Heath, Greater London CR7 7DX3
£405K03/210.33 mi53, Foxley Road, Thornton Heath, Greater London CR7 7DX3
£506.3K12/220.33 mi8, Kirklees Road, Thornton Heath, Greater London CR7 6HP3
£525K06/230.33 mi5, Dalmeny Avenue, London, Greater London SW16 4RS3
£685K02/230.35 mi69, Pollards Hill South, Norbury, London, Greater London SW16 4LR3
£476K04/230.35 mi52, Grove Road, Thornton Heath, Greater London CR7 6HL3
£520K01/230.35 mi129, Fairlands Avenue, Thornton Heath, Greater London CR7 6HJ3
£465K09/210.36 mi19, Dunbar Avenue, London, Greater London SW16 4SB3
£435K06/210.37 mi38, Colliers Water Lane, Thornton Heath, Greater London CR7 7LA3

Local Rents

40 rents from £1.7K/mo to £3K/mo, average is £2K/mo.

RentDateDistanceAddressBeds 
£2,10003/240.02 miOaklands Avenue, Thornton Heath3
£1,90003/240.09 miWarwick Gardens, London Road, Thornton Heath, CR73
£1,75003/240.09 miWarwick Gardens, London Road, Thornton Heath, CR73
£1,95003/240.09 miWarwick Gardens, London, CR73
£1,95002/240.09 mi-3
£2,20003/250.11 mi-3
£2,00004/240.15 mi-3
£1,70003/240.2 miLondon Road, Thornton Heath, CR73
£2,80002/250.24 mi-3
£2,00004/240.25 miBridport Road, Thornton Heath, CR73
£2,00004/240.25 mi-3
£3,00003/250.26 mi-3
£2,10003/240.27 miWinterbourne Road, Thornton Heath, CR73
£2,10004/240.3 miBeverstone Road, Thornton Heath, Surrey, CR73
£1,80003/250.31 mi-3
£2,00012/240.31 miAshley Road, Thornton Heath3
£2,00003/240.31 miBeverstone Road, THORNTON HEATH3
£1,95001/250.31 mi-3
£1,85003/250.32 mi-3
£2,00002/250.33 mi-3
£2,00003/240.36 miWarlingham Road, THORNTON HEATH3
£2,20005/240.37 miColliers Water Lane, CR73
£2,00003/240.42 miFairlands Avenue, Thornton Heath, CR73
£2,20009/240.42 miDalmeny Avenue, SW163
£2,20005/240.43 miWarlingham Road, Thornton Heath, CR73
£2,50009/240.44 mi-3
£2,25009/240.45 miPollards Hill South, Streatham3
£2,25009/240.45 miPollards Hill South, London, SW163
£2,00002/240.45 mi-3
£1,99902/250.49 mi-3
£2,00002/250.52 mi-3
£2,65003/250.56 mi-3
£1,85003/240.56 mi-3
£2,30004/240.57 miGalpins Road, Norbury3
£2,25004/240.57 miGalpins Road Thornton Heath CR73
£2,15003/240.57 miBennington Close, Thornton Heath, CR73
£1,85003/240.58 miPenshurst Road, Thornton Heath, CR73
£2,00004/240.59 miNorman Road, Thornton Heath, CR73
£2,20003/240.6 mi-3
£2,10003/250.61 mi-3

Local Area Statistics

Population in CR7

44,620

Nearest school

0.10 miles away

Nearest train station

0.65 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+8%

Sales demand

Balanced market

Capital growth (5yrs)

+14%

Property History

Listed for £475,000

June 11, 2024

Floor Plans

Description

  • Three bedrooms +
  • Two reception rooms +
  • No onward chain +
  • Good-sized garden +
  • Complete renovation required +
  • Popular location +

Offered to the market with no onward chain is this terraced family home.

Requiring complete modernisation and renovation, the residence presents an excellent homeowner project or investment opportunity.

The ground comprises two reception rooms, kitchen, downstairs shower room, and conservatory. The first floor comprises three good-sized bedrooms and a family bathroom. To the rear is a private garden which benefits from a small garage to the rear, and secure access for a car.

Additionally, there is a large loft area providing excellent space for storage, with potential for a loft extension which could add a further two bedrooms and a bathroom (STPP).

Situated on the ever-so-popular Oaklands Avenue, which is conveniently located close to a range of amenities, including shops and transport links.

Agent Details

Stirling Ackroyd Sales, Thornton Heath

020 3869 5387

Next Steps?

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