2 Bed Flat, Cash/Bridging Only, London, SE18 7HX, £190,000

CLAYMILL HOUSE Raglan Road, London, Greater London, SE18 7HX - 2 views - 9 months ago

Leasehold
Cash
ROI: 11%
49 m²
+12 photos

ValuationFair Value

Sold Prices£108.5K - £700K
Sold Prices/m²£1.9K/m² - £6.4K/m²

 

 

Square Metres

48.93 m²
Price/m²£3.9K/m²

Value Estimate

£191,900

 

 

End Value (After Refurb)

£230,164

Uplift in Value

+21%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£47,500

Stamp Duty & Legal Fees

£6,900

Refurb Costs

£25,893

Bridging Loan Interest

£4,988

Total Cash In

£87,030

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£230,164

Mortgage (After Refinance)

£172,623

Mortgage LTV

75%

Cash Released

£30,123

Cash Left In

£56,907

Equity

£57,541

Rent Range

£1,250 - £3,400

Rent Estimate

£1,880

Running Costs/mo

£1,115

Cashflow/mo

£765

Cashflow/yr

£9,177

ROI

11%

Gross Yield

12%

Local Sold Prices

50 sold prices from £108.5K to £700K, average is £323.5K. £1.9K/m² to £6.4K/m², average is £4.9K/m².

PriceDateDistanceAddressBeds 
£388K03/210.08 miFlat 1, St James Heights, Burrage Road, London, Greater London SE18 7HH2
£368K07/230.19 mi50a, Frederick Place, Plumstead, London, Greater London SE18 7BH2
£250K04/210.2 mi58a, Waverley Road, London, Greater London SE18 7TN2
£355K06/210.23 miFlat 39, Schoolhouse Yard, Bloomfield Road, London, Greater London SE18 7JD2
£300K04/210.26 mi7a, Heavitree Road, London, Greater London SE18 7RA2
£197K06/210.27 miFlat 15, Bingham Point, Wilmount Street, London, Greater London SE18 6RJ2
£300K12/200.31 mi13, Invermore Place, London, Greater London SE18 7DJ2
£155K02/210.31 mi184, Elmley Street, London, Greater London SE18 7NL2
£155K02/210.31 mi184, Elmley Street, London, Greater London SE18 7NL2
£401.5K07/230.35 mi146b, Griffin Road, Plumstead, London, Greater London SE18 7QA2
£310K03/210.38 miFlat A, 102, Griffin Road, London, Greater London SE18 7QD2
£252K11/200.43 mi126, Brewery Road, London, Greater London SE18 1NG2
£225K04/210.45 mi157, Nightingale Place, London, Greater London SE18 4HW2
£318K12/200.45 mi42a, Vernham Road, London, Greater London SE18 3HB2
£307.5K04/210.47 miFlat 5, Paddle Steamer House, Pettacre Close, London, Greater London SE28 0PD2
£308K01/230.47 miFlat 8, Paddle Steamer House, Pettacre Close, London, Greater London SE28 0PD2
£313K01/230.47 miFlat 12, Paddle Steamer House, Pettacre Close, London, Greater London SE28 0PD2
£365K06/210.47 miFlat 9, Artillery House, Connaught Mews, London, Greater London SE18 6SU2
£275K12/200.49 miFlat A, 117, Plum Lane, London, Greater London SE18 3AG2
£220K01/210.5 miFlat 211, Maritime House, Greens End, London, Greater London SE18 6HB2
£240.5K10/200.5 miFlat 604, Maritime House, Greens End, London, Greater London SE18 6HB2
£108.5K10/220.51 miFlat 30, Long Acre House, Pettacre Close, London, Greater London SE28 0PA2
£330K11/220.52 mi52, Pettacre Close, London, Greater London SE28 0GX2
£282.4K10/200.52 miFlat 37, Long Acre House, Pettacre Close, London, Greater London SE28 0PA2
£325K10/220.53 mi16, Pettacre Close, London, Greater London SE28 0AR2
£330K06/230.54 mi75, Pettacre Close, London, Greater London SE28 0BX2
£700K11/200.55 miApartment 4, Foundry House, Arsenal Way, London, Greater London SE18 6TE2
£450K02/210.55 miFlat 364, Building 22, Cadogan Road, London, Greater London SE18 6YR2
£417.5K03/210.55 miFlat 306, Building 22, Cadogan Road, London, Greater London SE18 6YR2
£390K09/210.55 miFlat 103, Building 22, Cadogan Road, London, Greater London SE18 6YS2
£120K06/230.55 miFlat 67, Building 22, Cadogan Road, London, Greater London SE18 6YS2
£430K07/230.55 miFlat 120, Building 22, Cadogan Road, London, Greater London SE18 6YL2
£245K05/210.55 mi115, Admaston Road, London, Greater London SE18 2TF2
£325K06/230.58 miFlat 11, Wilson Court, Allenby Road, London, Greater London SE28 0AL2
£114K05/210.58 miFlat 13, Wilson Court, Allenby Road, London, Greater London SE28 0AL2
£322K11/220.58 miFlat 7, Wilson Court, Allenby Road, London, Greater London SE28 0AL2
£328.9K10/220.58 miFlat 14, Wilson Court, Allenby Road, London, Greater London SE28 0AL2
£275K07/230.59 miFlat 2, Eastgate House, Allenby Road, London, Greater London SE28 0BL2
£285K07/230.61 mi40, Garrick Drive, London, Greater London SE28 0EQ2
£575K06/210.61 miFlat 2, Building 37, Cadogan Road, London, Greater London SE18 6RB2
£154K03/230.61 mi306, Nightingale Vale, London, Greater London SE18 4EH2
£560K11/210.61 miFlat 57, Building 36, Marlborough Road, London, Greater London SE18 6XD2
£420K10/230.62 miFlat 96, Building 45, Hopton Road, London, Greater London SE18 6TJ2
£440K05/210.65 miFlat 31, Building 49, Argyll Road, London, Greater London SE18 6XB2
£450K03/210.65 miFlat 29, Building 49, Argyll Road, London, Greater London SE18 6XB2
£450K09/230.65 miFlat 22, Building 49, Argyll Road, London, Greater London SE18 6XB2
£567.5K06/230.65 miFlat 4, Building 49, Argyll Road, London, Greater London SE18 6XB2
£440K05/210.65 miApartment 194, Building 50, Argyll Road, London, Greater London SE18 6PL2
£405K09/210.65 miApartment 296, Building 50, Argyll Road, London, Greater London SE18 6PP2
£485K04/210.65 miApartment 126, Building 50, Argyll Road, London, Greater London SE18 6PJ2

Local Rents

50 rents from £1.3K/mo to £3.4K/mo, average is £1.6K/mo.

RentDateDistanceAddressBeds 
£1,40011/240.04 mi-2
£1,40008/240.05 mi-2
£1,57502/240.12 mi-2
£1,50002/240.12 mi-2
£2,10009/240.12 mi-2
£2,10008/240.12 miGnd Flr Garden, London, SE182
£1,85008/240.15 mi-2
£1,75010/230.15 miBloomfield Road, SE182
£1,55008/240.16 miManthorp Road, Plumstead, London, SE18 7SZ2
£1,45009/240.18 mi-2
£1,45012/240.18 mi-2
£1,55008/240.18 miBurrage Road, Woolwich, SE182
£1,87502/250.18 mi-2
£1,65002/250.19 mi-2
£1,65003/250.19 mi-2
£1,75008/240.21 miFrederick Place, Woolwich, London, SE18 7BH2
£1,77508/240.22 mi-2
£1,55008/240.22 miBurrage Road, Woolwich, SE182
£1,50008/240.22 miBurrage Road, SE182
£1,65008/240.22 miSchoolhouse Yard, Woolwich, SE18 7JD2
£1,85008/240.22 miSchoolhouse Yard, London, SE182
£1,85008/240.22 mi-2
£1,60003/250.23 mi-2
£1,65008/240.24 mi-2
£1,65008/240.28 miWilmount Street London SE182
£1,65008/240.28 miWilmount Street, London2
£1,80008/240.29 miSandy Hill Road, London, SE182
£2,80010/240.29 mi-2
£1,25011/240.29 mi-2
£1,80008/240.29 mi-2
£1,55008/240.29 miPlumstead Common Road, London2
£3,25008/240.3 mi-2
£3,40008/240.3 mi-2
£3,40008/240.3 mi-2
£3,15002/250.3 mi-2
£1,80009/240.3 mi-2
£1,30008/240.31 miWalmer Terrace, London, SE182
£1,30008/240.31 mi-2
£2,15008/240.32 miBignell Road, Woolwich, London, SE182
£2,15010/240.32 mi-2
£2,15009/240.32 mi-2
£1,70010/240.32 mi-2
£1,45012/240.33 mi-2
£2,37508/240.34 miSpray Street, London, SE182
£2,35009/240.34 mi-2
£1,65003/250.34 mi-2
£1,60008/240.35 mi-2
£1,70003/250.35 mi-2
£1,49511/240.35 mi-2
£1,49512/240.35 mi-2

Local Area Statistics

Population in SE18

75,840

Population in London

4,771,921

Town centre distance

8.32 miles away

Nearest school

0.10 miles away

Nearest train station

0.44 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-8%

Sales demand

Balanced market

Capital growth (5yrs)

+6%

Property History

Listed for £190,000

June 26, 2024

Sold for £165,000

2018

Sold for £145,000

2015

Sold for £89,000

2013

Floor Plans

Description

CASH BUYERS ONLY

Welcome to this charming two-bedroom ground floor ex-local authority flat, perfectly situated between Woolwich and Plumstead. This delightful property offers a blend of comfort and convenience, ideal for first-time buyers or those looking to downsize.

As you step inside, you'll be greeted by a spacious open-plan kitchen and dining area, perfect for entertaining guests or enjoying family meals. The kitchen is modern and well-equipped, providing ample space for culinary creativity. The flat boasts two generously sized double bedrooms, offering a peaceful retreat at the end of the day. The separate bathroom is sleek and contemporary, ensuring a relaxing experience. Additionally, the property features a large storage cupboard, ideal for keeping your home clutter-free.

The flat is set within well-maintained communal grounds, providing a pleasant environment for residents. There is also residents parking available, adding to the convenience of this property.

Living in this flat means you will benefit from the best of both Woolwich and Plumstead. Woolwich is a vibrant area with a rich history and a wide range of amenities. It boasts excellent transport links, including the Elizabeth Line, DLR, and National Rail services, making it a commuter’s dream. The area is also home to an array of shops, cafes, and restaurants, as well as cultural attractions such as the Royal Arsenal and several parks.

Plumstead offers a more laid-back atmosphere with a strong sense of community. It is known for its beautiful green spaces, including Plumstead Common and Winn’s Common, perfect for leisurely walks and outdoor activities. The local high street has a selection of shops and eateries, catering to your daily needs. Additionally, Plumstead’s transport links, including bus routes and National Rail services, provide easy access to central London and beyond.

Don't miss out on the opportunity to make this wonderful flat your new home, where you can enjoy the best of both Woolwich and Plumstead. Contact us today to arrange a viewing.

Agent Details

Mann, Woolwich

020 3879 5274

Next Steps?

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