2 Bed Flat, Refurb/BRRR, London, SW2 4UZ, £275,000

LYCETTE HOUSE New Park Road, London, Greater London, SW2 4UZ - 5 views - 9 months ago

Sold STC

Leasehold

BTL

Refurb/BRRR

73 m²

+6 photos

ValuationUndervalued

Sold Prices	£297.5K - £650K
Sold Prices/m²	£3.6K/m² - £14K/m²

Square Metres	73 m²
Price/m²	£3.8K/m²
Value Estimate	£283,250£283,250
BMV	3%

End Value (After Refurb)	£548,433£548,433
Uplift in Value	+99%+99%
You could potentially get back more cash than you put into this deal. All your cash out plus £77,934 extra. See the breakdown

Investment Opportunity

Cash In
Purchase Finance	Bridging LoanBridging Loan
Deposit (25%)	£68,750£68,750
Stamp Duty & Legal Fees	£10,700£10,700
Refurb Costs	£38,722£38,722
Bridging Loan Interest	£7,219£7,219
Total Cash In	£127,140£127,140

Cash Out
Monetisation	FlipRefinance & RentFlip
Estimated Sale Price	£548,433£548,433
Agent Fees (1%)	£5,484£5,484
Bridging Loan	£206,250£206,250
Bridging Loan Interest	£7,219£7,219
Flip Profit	£209,558£209,558

Local Sold Prices

50 sold prices from £297.5K to £650K, average is £467.5K. £3.6K/m² to £14K/m², average is £7.6K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£475K	03/21	0.08 mi	104a, Kingswood Road, London, Greater London SW2 4JL	£8,221	58	2	Flat
£535K	11/20	0.08 mi	104b, Kingswood Road, London, Greater London SW2 4JL	-	-	2	Flat
£575K	07/23	0.12 mi	92a, Kingswood Road, London, Greater London SW2 4JJ	-	-	2	Flat
£350K	06/21	0.12 mi	Flat 72, Cameford Court, New Park Road, London, Greater London SW2 4LJ	-	-	2	Flat
£300K	06/21	0.14 mi	8, Saxby Road, London, Greater London SW2 4JU	£4,839	62	2	Flat
£590K	01/23	0.14 mi	Ground Floor Flat, 20, Sulina Road, London, Greater London SW2 4EJ	£14,048	42	2	Flat
£325K	01/21	0.15 mi	1, Saxby Road, London, Greater London SW2 4JS	£5,078	64	2	Flat
£603.5K	05/21	0.18 mi	75a, Tierney Road, Streatham, London, Greater London SW2 4QH	-	-	2	Flat
£565K	09/21	0.19 mi	Upper Maisonette, 2, Chale Road, London, Greater London SW2 4JB	-	-	2	Flat
£297.5K	11/21	0.2 mi	256b, Brixton Hill, London, Greater London SW2 1HF	-	-	2	Flat
£510K	05/21	0.2 mi	48, Doverfield Road, London, Greater London SW2 5NB	£6,891	74	2	Flat
£445K	02/23	0.21 mi	45, Doverfield Road, London, Greater London SW2 5NF	£8,558	52	2	Flat
£425K	06/21	0.21 mi	53, Doverfield Road, London, Greater London SW2 5NF	-	-	2	Flat
£395K	05/23	0.21 mi	47, Doverfield Road, London, Greater London SW2 5NF	£6,583	60	2	Flat
£375K	09/23	0.21 mi	19, Scrutton Close, London, Greater London SW12 0AW	£8,242	46	2	Flat
£370K	07/21	0.21 mi	19, Scrutton Close, London, Greater London SW12 0AW	£8,132	46	2	Flat
£430K	10/21	0.23 mi	25b, Montrell Road, London, Greater London SW2 4QD	-	-	2	Flat
£315K	05/23	0.23 mi	Flat 2, Tanhurst House, Redlands Way, London, Greater London SW2 3LS	-	-	2	Flat
£650K	06/21	0.23 mi	31, Doverfield Road, London, Greater London SW2 5NE	£7,222	90	2	Flat
£565.6K	07/23	0.23 mi	9, Doverfield Road, London, Greater London SW2 5NE	£7,966	71	2	Flat
£500K	04/21	0.24 mi	First Floor Flat, 1, Wingford Road, London, Greater London SW2 4DR	-	-	2	Flat
£300K	06/23	0.25 mi	28, Wingford Road, London, Greater London SW2 4DS	£6,029	50	2	Flat
£410K	12/20	0.26 mi	Flat 21, Christchurch House, Christchurch Road, London, Greater London SW2 3UA	-	-	2	Flat
£581.3K	05/21	0.26 mi	25, Dumbarton Road, London, Greater London SW2 5LX	£7,549	77	2	Flat
£575K	07/23	0.27 mi	10b, Kingswood Road, London, Greater London SW2 4JF	£9,274	62	2	Flat
£383K	12/20	0.27 mi	Flat 24, Macgregor House, Thornton Road, London, Greater London SW12 0LE	-	-	2	Flat
£365K	02/23	0.27 mi	Flat 11, Elstead House, Redlands Way, London, Greater London SW2 3LT	-	-	2	Flat
£550K	06/21	0.28 mi	Ground Floor Flat, 10, Dumbarton Road, London, Greater London SW2 5LU	£7,440	74	2	Flat
£610K	06/21	0.28 mi	38, Dumbarton Road, London, Greater London SW2 5LU	£7,922	77	2	Flat
£355K	06/21	0.31 mi	54, Thornton Road, London, Greater London SW12 0LF	£5,299	67	2	Flat
£378K	06/21	0.32 mi	236, Hydethorpe Road, London, Greater London SW12 0JH	£6,873	55	2	Flat
£385K	12/20	0.32 mi	238, Hydethorpe Road, London, Greater London SW12 0JH	£6,210	62	2	Flat
£526.5K	06/21	0.33 mi	Ground Floor Flat, 9, Cotherstone Road, London, Greater London SW2 3NE	-	-	2	Flat
£495K	08/21	0.35 mi	Flat B, 75, Telford Avenue, London, Greater London SW2 4XL	-	-	2	Flat
£300K	11/20	0.35 mi	Flat 38, Warnham House, Upper Tulse Hill, London, Greater London SW2 2SA	-	-	2	Flat
£400K	11/21	0.37 mi	11, Thornton Gardens, London, Greater London SW12 0LQ	£7,143	56	2	Flat
£450K	09/23	0.37 mi	67, Thornton Gardens, London, Greater London SW12 0LQ	£7,377	61	2	Flat
£380K	06/21	0.37 mi	Flat B, 11, Thornton Avenue, London, Greater London SW2 4HL	-	-	2	Flat
£499K	10/20	0.38 mi	14a, Maplestead Road, London, Greater London SW2 3LX	£3,642	137	2	Flat
£560K	03/21	0.38 mi	Flat A, 9, Maplestead Road, London, Greater London SW2 3LX	£8,485	66	2	Flat
£415K	04/21	0.41 mi	Flat 216, Pullman Court, Streatham Hill, London, Greater London SW2 4TA	-	-	2	Flat
£420K	03/21	0.41 mi	79a, Cambray Road, Balham, London, Greater London SW12 0ER	£9,615	44	2	Flat
£575K	09/23	0.41 mi	65a, Cambray Road, London, Greater London SW12 0ER	£13,372	43	2	Flat
£600K	04/21	0.41 mi	71, Cambray Road, Balham, London, Greater London SW12 0ER	£10,909	55	2	Flat
£500K	11/20	0.41 mi	107a, Cambray Road, London, Greater London SW12 0ER	£8,512	59	2	Flat
£650K	05/23	0.42 mi	Flat B, 5, Killieser Avenue, London, Greater London SW2 4NU	-	-	2	Flat
£565K	05/23	0.42 mi	18a, Radbourne Road, London, Greater London SW12 0DZ	£9,154	62	2	Flat
£525K	02/23	0.43 mi	6, Brading Road, London, Greater London SW2 2AN	£7,609	69	2	Flat
£460K	08/23	0.43 mi	11, Maple Close, London, Greater London SW4 8LL	£7,039	65	2	Flat
£590K	03/23	0.43 mi	16, Brading Road, London, Greater London SW2 2AN	£11,569	51	2	Flat

Local Rents

50 rents from £1.7K/mo to £2.6K/mo, average is £2K/mo.

Rent	Date	Distance	Address	Beds	Type
£1,800	10/24	0.05 mi	-	2	Flat
£1,900	11/24	0.1 mi	-	2	Flat
£2,395	10/24	0.12 mi	-	2	Flat
£1,900	02/24	0.13 mi	-	2	Flat
£1,900	09/24	0.13 mi	Tierney Road, LONDON	2	Flat
£1,800	12/24	0.13 mi	-	2	Flat
£2,300	01/25	0.14 mi	-	2	Flat
£2,200	03/25	0.14 mi	-	2	Flat
£2,600	02/24	0.14 mi	-	2	Flat
£2,600	11/24	0.14 mi	-	2	Flat
£2,250	02/25	0.15 mi	-	2	Flat
£2,150	09/24	0.15 mi	-	2	Flat
£1,750	10/24	0.16 mi	-	2	Flat
£1,950	09/24	0.16 mi	-	2	Flat
£2,380	11/24	0.16 mi	-	2	Flat
£1,950	09/24	0.16 mi	New Park Road, London, SW2	2	Flat
£2,500	03/25	0.16 mi	-	2	Flat
£2,250	09/24	0.17 mi	Saxby Road, Brixton, London, SW2	2	Flat
£2,000	09/24	0.19 mi	Morrish Road, Brixton	2	Detached House
£2,170	03/25	0.19 mi	-	2	Flat
£2,200	09/24	0.2 mi	-	2	Flat
£2,100	09/24	0.2 mi	-	2	Flat
£2,100	12/24	0.2 mi	-	2	Flat
£2,100	01/25	0.2 mi	-	2	Flat
£1,846	09/24	0.22 mi	Fortrose Gardens, London	2	Flat
£1,699	09/24	0.22 mi	Fortrose Gardens, London	2	Flat
£1,950	09/24	0.23 mi	-	2	Flat
£1,750	09/24	0.23 mi	Montrell Road Streatham Hill SW2	2	Flat
£2,200	09/24	0.23 mi	-	2	Flat
£2,200	02/25	0.23 mi	-	2	Flat
£1,950	09/24	0.23 mi	Wingford Road, Brixton, London, SW2	2	Flat
£1,850	09/24	0.24 mi	-	2	Flat
£1,800	09/24	0.24 mi	Tierney Road, London, SW2	2	Flat
£2,300	01/25	0.24 mi	-	2	Flat
£1,850	09/24	0.25 mi	Wingford Road, London, SW2	2	Flat
£2,000	09/24	0.26 mi	Poynders Road, London, SW4	2	Flat
£1,995	01/25	0.26 mi	-	2	Flat
£2,100	01/25	0.26 mi	-	2	Flat
£1,900	09/24	0.27 mi	Tierney Road, Streatham	2	Flat
£2,300	12/24	0.27 mi	-	2	Flat
£2,150	11/24	0.27 mi	-	2	Flat
£2,650	09/24	0.27 mi	-	2	Flat
£1,995	10/24	0.27 mi	-	2	Flat
£2,000	03/25	0.29 mi	-	2	Flat
£1,950	09/24	0.29 mi	Dumbarton Court, Brixton Hill, SW2	2	Flat
£2,000	03/25	0.29 mi	-	2	Flat
£1,950	09/24	0.29 mi	-	2	Flat
£1,850	02/25	0.29 mi	-	2	Flat
£1,900	09/24	0.3 mi	Lyham Road, London, SW2	2	Flat
£1,900	09/24	0.31 mi	Kirkstall Road London SW2	2	Flat

Local Area Statistics

Population in SW2	54,20454,204
Population in London	4,771,9214,771,921
Town centre distance	5.67 miles away5.67 miles away
Nearest school	0.10 miles away0.10 miles away
Nearest train station	0.66 miles away0.66 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	+5%+5%
Sales demand	Balanced marketBalanced market
Capital growth (5yrs)	-1%-1%

Property History

Listed for £275,000

June 19, 2024

Sold for £126,550

2004

Sold for £110,000

2002

Sold for £94,000

2001

Sold for £80,000

2000

Sold for £64,000

1999

Floor Plans

Description

GUIDE PRICE: £275,000 - £300,000 +
LIFT SERVICE AND PRIVATE BALCONY +
WITHIN EASY REACH TO CLAPHAM COMMON PARK +
ATTRACTIVE COMMUNAL GARDENS +
CHAIN FREE +
IDEAL FOR FIRST TIME BUYERS OR AS A BUY TO LET INVESTMENT +
CLOSE TO CLAPHAM SOUTH UNDERGROUND STATION +
0.7 MILES FROM STREATHAM HILL RAIL STATION +
ENTRY PHONE INTERCOM SYSTEM +

GUIDE PRICE: £275,000 - £300,000 Offered with no onward chain and ideally suited to first time buyers and/or buy to let investors is this two-bedroom flat for sale in a prime location in SW2. The property is offered with plenty of benefits such as a lift, off street parking, a private balcony and attractive communal gardens. Internally the property comprises of two double bedrooms, a well sized reception room leading to the private balcony, a fully fitted kitchen and a family bathroom. The property is in need of modernisation throughout but with good transport links and Clapham Common Park close-by, it has the potential to be a stunning apartment in a highly sought-after area.

The property is offered with no onward chain and is priced attractively for a quick sale. Enquire today for your earliest viewing.

EPC rating: C
Service Charges for 24/25: £1,854.96 p.a.
Ground Rent: £10 p.a.

Agent Details

CKB Estate Agents, Eltham

020 3840 3505

Next Steps?

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

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