4 Bed Semi-Detached House, Refurb/BRRR, London, SE23 2ES, £800,000

Colfe Road, London, SE23 2ES - 3 views - 10 months ago

Sold STC
Cash
Refurb/BRRR
~129 m²
+10 photos

ValuationFair Value

Sold Prices£400K - £1.3M
Sold Prices/m²£3.6K/m² - £11K/m²

 

 

Square Metres

~129.26 m²
Price/m²£6.2K/m²

Value Estimate

£785,017

 

 

End Value (After Refurb)

£852,547

Uplift in Value

+0%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£200,000

Stamp Duty & Legal Fees

£56,700

Refurb Costs

£68,381

Bridging Loan Interest

£21,000

Total Cash In

£347,831

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£852,547

Mortgage (After Refinance)

£639,411

Mortgage LTV

75%

Cash Released

£39,411

Cash Left In

£308,421

Equity

£213,137

Rent Range

£1,750 - £6,000

Rent Estimate

£2,830

Running Costs/mo

£3,250

Cashflow/mo

£-420

Cashflow/yr

£-5,043

Gross Yield

4%

Local Sold Prices

50 sold prices from £400K to £1.3M, average is £838.8K. £3.6K/m² to £11K/m², average is £6.8K/m².

PriceDateDistanceAddressBeds 
£880K11/210.02 mi69, Cranston Road, Forest Hill, London, Greater London SE23 2HA4
£785K12/200.06 mi35, Kilmorie Road, London, Greater London SE23 2SS4
£867.5K11/200.08 mi34, Elsinore Road, London, Greater London SE23 2SL4
£855K05/210.13 mi166, Stanstead Road, Forest Hill, London, Greater London SE23 1BZ4
£850K02/230.14 mi16, Como Road, London, Greater London SE23 2JJ4
£780K05/210.14 mi8, Cibber Road, London, Greater London SE23 2EF4
£870K10/210.17 mi4, Kemble Road, Forest Hill, London, Greater London SE23 2DJ4
£685K11/200.17 mi174, Cranston Road, Forest Hill, London, Greater London SE23 2EY4
£837.5K07/220.21 mi35, Trilby Road, London, Greater London SE23 2DP4
£850K06/230.22 mi32, Trilby Road, London, Greater London SE23 2DN4
£1.3M01/230.24 mi50, Woolstone Road, London, Greater London SE23 2SG4
£590K11/220.26 mi58, St German's Road, London, Greater London SE23 1RX4
£775K03/210.26 mi2b, Woolstone Road, London, Greater London SE23 2SG4
£870K01/210.28 mi30, Northwood Road, London, Greater London SE23 2HR4
£915K12/200.28 mi22, Northwood Road, London, Greater London SE23 2HR4
£400K07/230.29 mi17b, Church Rise, London, Greater London SE23 2UD4
£717.5K02/210.32 mi23, Lutwyche Road, London, Greater London SE6 4EP4
£660K05/230.32 mi27, Levendale Road, Forest Hill, London, Greater London SE23 2TP4
£775K08/220.33 mi163, Woolstone Road, London, Greater London SE23 2TG4
£1.1M03/210.35 mi17, Gaynesford Road, London, Greater London SE23 2UQ4
£985K01/210.35 mi12, Gaynesford Road, London, Greater London SE23 2UQ4
£1.1M12/200.35 mi36, Gaynesford Road, London, Greater London SE23 2UQ4
£1.2M01/230.36 mi23, Allenby Road, London, Greater London SE23 2RQ4
£990K12/200.36 mi17, Allenby Road, London, Greater London SE23 2RQ4
£770K03/210.37 mi93, Bovill Road, London, Greater London SE23 1EL4
£690K09/210.37 mi25, Hawkesfield Road, London, Greater London SE23 2TN4
£700K12/200.37 mi77, Hawkesfield Road, London, Greater London SE23 2TN4
£805K12/220.37 mi27, Hawkesfield Road, London, Greater London SE23 2TN4
£1.1M12/220.37 mi6, Herschell Road, London, Greater London SE23 1EG4
£915K03/230.37 mi1, Herschell Road, London, Greater London SE23 1EG4
£675K10/200.39 mi37, Montem Road, London, Greater London SE23 1SH4
£840K12/220.39 mi41, Montem Road, London, Greater London SE23 1SH4
£465K06/210.39 mi136, Polecroft Lane, London, Greater London SE6 4EG4
£685.5K01/210.39 mi98, Ravensbourne Road, London, Greater London SE6 4UT4
£745K03/230.39 mi82, Bovill Road, Honor Oak Park, London, Greater London SE23 1EJ4
£1.0M07/230.4 mi23, Westbourne Drive, London, Greater London SE23 2UP4
£1.2M07/230.4 mi21, Whatman Road, London, Greater London SE23 1EY4
£1.1M06/230.41 mi147, Perry Vale, London, Greater London SE23 2JB4
£1.2M12/210.41 mi1, Garlies Road, Forest Hill, London, Greater London SE23 2RU4
£1.2M11/200.41 mi5, Garlies Road, London, Greater London SE23 2RU4
£760K06/210.43 mi46, Whatman Road, London, Greater London SE23 1EZ4
£800K01/230.43 mi3, Ebsworth Street, London, Greater London SE23 1ER4
£1.1M06/210.43 mi5, Pearfield Road, London, Greater London SE23 2LP4
£669.7K02/230.46 mi53, Brockley View, London, Greater London SE23 1SL4
£835K01/210.46 mi12, Agnew Road, London, Greater London SE23 1DJ4
£750K12/220.47 mi50, Priestfield Road, London, Greater London SE23 2RS4
£750K02/210.47 mi54, Blythe Hill Lane, London, Greater London SE6 4UN4
£855K01/230.51 mi10, Bovill Road, London, Greater London SE23 1HA4
£860K06/210.53 mi39, Woodcombe Crescent, London, Greater London SE23 3BG4
£756K02/230.53 mi20, Clowders Road, London, Greater London SE6 4DA4

Local Rents

48 rents from £1.8K/mo to £6K/mo, average is £2.8K/mo.

RentDateDistanceAddressBeds 
£3,35003/250.05 mi-4
£3,35004/250.05 mi-4
£3,00008/240.07 miLoxton Road, Forest Hill, London, SE234
£2,25008/240.09 miColfe Road, London, SE233
£4,50008/240.09 miVancouver road, SE233
£5,00010/240.1 mi-6
£3,50008/240.11 miKilmorie Road, London, SE234
£2,30001/250.15 mi-3
£2,20001/250.16 mi-3
£1,75008/240.17 miElsinore Road London SE233
£2,90008/240.21 miSunderland Road, Forest Hill, SE234
£2,45011/240.22 mi-3
£2,40003/250.22 mi-3
£3,20010/240.23 mi-4
£3,00008/240.23 miSunderland Road, London, SE234
£2,80008/240.25 miSunderland Road, London, SE234
£5,50004/250.25 mi-7
£2,25002/250.27 mi-3
£2,20002/250.27 mi-3
£2,69508/240.28 miChurch View, Sunderland Road, London, SE234
£2,19508/240.28 miBroadmead, London, SE63
£6,00008/240.29 mi-5
£2,99508/240.3 miChurch Rise, London, SE234
£2,99508/240.3 miChurch Rise, London, SE234
£4,50008/240.3 miChurch Rise, Forest Hill, London, SE234
£2,80009/240.34 mi-4
£2,80008/240.34 miBrockley Park, London, SE234
£1,85008/240.34 miPerry Vale, London, SE233
£2,60008/240.35 miSaxon Terrace Catford SE64
£2,70004/250.37 mi-3
£2,70004/250.37 mi-3
£3,00008/240.37 miRojack Road, Forest Hill, SE234
£2,50008/240.38 miEwart Road, Forest Hill, London, SE234
£2,90008/240.38 miRojack Road London SE234
£3,20008/240.38 miStanstead Road, Forest Hill4
£3,10008/240.39 miRavensbourne Road, London, SE64
£2,70004/250.39 mi-3
£2,70004/250.39 mi-3
£2,70004/250.39 mi-3
£2,57508/240.39 mi33-39 Beadnell Road London SE233
£3,05008/240.39 miBeadnell Road London SE233
£2,00008/240.4 miRavensbourne Road, London, SE63
£2,95009/240.41 mi-4
£3,10008/240.41 miNyon Grove, London, SE64
£2,65004/250.42 mi-3
£2,10008/240.42 mi-3
£2,50008/240.43 mi-3
£2,30008/240.43 miHindsleys Place London SE233

Local Area Statistics

Population in SE23

33,682

Population in London

4,771,921

Town centre distance

6.66 miles away

Nearest school

0.10 miles away

Nearest train station

0.49 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+13%

Sales demand

Balanced market

Capital growth (5yrs)

+4%

Property History

Price changed to £800,000

February 28, 2025

Listed for £850,000

June 21, 2024

Floor Plans

Description

  • Chain Free +
  • Victorian +
  • Semi-detached +
  • Large Garden +
  • Option to extend +
  • Four Bedrooms +
  • Three Reception Rooms +
  • Garage +

Chain Free Unveiled to the SE23 market is this fine example of a Victorian family home, situated on the largest plot on a quiet well known street, within a good distance of a selection of stations and local outstanding comprehensive schools and private schools. - CASH BUYERS ONLY

The accommodation sits circa 1675sqft/155.7sqm of floor space that is set across two floors, all of which providing a superb family-living layout and being presented needing modernisation. The layout comprises four bedrooms, three of which are doubles, a bathroom suite, three large reception rooms, kitchen and garage to the side. Additional benefits include off street parking, large 100ft garden, plenty of period features and the potential to extend to the side, rear and loft subject to necessary permissions. There may also be option for developers for a build to the side plot but again is subject to permissions.

Located on a beautiful tree lined residential road within Forest Hill, offering easy access to Forest Hill station (London Bridge, Victoria, Shoreditch, Dalston, Highbury & Islington) popular OFSTED rated “excellent” schools, a broad variety of excellent local amenities including restaurants, cafés, bars, gym, parks, supermarkets and the illustrious Horniman Museum

Please note all viewings are strictly via appointment only.

Chain Free
Victorian
Semi-detached
Large Garden
Option to extend
Four Bedrooms
Three Reception Rooms
Garage

Agent Details

Acorn, Forest Hill

020 8106 0621

Next Steps?

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