2 Bed Flat, Refurb/BRRR, London, SE22 9AP, £575,000

East Dulwich Road, East Dulwich, London, SE22 9AP - 8 views - 9 months ago

Under Offer
Leasehold
Refurb/BRRR
Planning
~124 m²
+12 photos

ValuationUndervalued

Sold Prices£315K - £780K
Sold Prices/m²£6K/m² - £11.3K/m²

 

 

Square Metres

~124.49 m²
Price/m²£4.6K/m²

Value Estimate

£592,250
BMV3%

 

 

End Value (After Refurb)

£1,235,338

Uplift in Value

+115%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£143,750

Stamp Duty & Legal Fees

£46,200

Refurb Costs

£65,799

Bridging Loan Interest

£15,094

Total Cash In

£272,593

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Estimated Sale Price

£1,235,338

Agent Fees (1%)

£12,353

Bridging Loan

£431,250

Bridging Loan Interest

£15,094

Flip Profit

£519,142

Local Sold Prices

50 sold prices from £315K to £780K, average is £493.5K. £6K/m² to £11.3K/m², average is £8.3K/m².

PriceDateDistanceAddressBeds 
£687.5K07/230.09 mi8a, Worlingham Road, London, Greater London SE22 9HD2
£622.5K06/210.09 mi49, Worlingham Road, London, Greater London SE22 9HD2
£667.5K06/210.12 mi27a, Ondine Road, London, Greater London SE15 4ED2
£587.5K05/210.14 mi26a, Crystal Palace Road, London, Greater London SE22 9HB2
£430K02/230.18 mi104a, Oglander Road, London, Greater London SE15 4DB2
£460K04/210.21 miSecond Floor Flat At, 27, Oakhurst Grove, London, Greater London SE22 9AH2
£345K01/230.21 miGround Floor Flat, 51, Oakhurst Grove, London, Greater London SE22 9AH2
£528K01/210.21 mi54b, Keston Road, London, Greater London SE15 4JB2
£600K11/200.21 mi50b, Adys Road, London, Greater London SE15 4DZ2
£640K11/200.22 mi8, Oxenford Street, London, Greater London SE15 4DE2
£415K06/230.23 mi14, Besant Place, London, Greater London SE22 8DA2
£545K06/210.23 mi108a, Copleston Road, London, Greater London SE15 4AF2
£577K04/210.23 mi6a, North Cross Road, East Dulwich, London, Greater London SE22 9EU2
£400K05/230.23 mi10, North Cross Road, East Dulwich, London, Greater London SE22 9EU2
£412.5K02/230.25 mi66, Hayes Grove, London, Greater London SE22 8DF2
£450K03/230.25 mi16, Hayes Grove, London, Greater London SE22 8DF2
£575K11/200.25 mi23b, Adys Road, London, Greater London SE15 4DX2
£400K06/230.27 miFlat 6, Mayfair Court, Fenwick Road, London, Greater London SE15 4HR2
£530K11/200.29 mi95a, Copleston Road, London, Greater London SE15 4AH2
£675K11/200.29 mi84a, Melbourne Grove, London, Greater London SE22 8QY2
£530K01/210.3 mi33a, Fenwick Road, London, Greater London SE15 4HS2
£625K03/210.33 mi14b, Howden Street, London, Greater London SE15 4LB2
£645K05/210.36 miGround Floor Flat, 17, Trossachs Road, London, Greater London SE22 8PY2
£575K03/230.37 mi49c, Darrell Road, London, Greater London SE22 9NJ2
£565K06/210.37 mi49a, Darrell Road, London, Greater London SE22 9NJ2
£479K03/210.37 mi103a, East Dulwich Grove, London, Greater London SE22 8PU2
£395K10/210.37 mi127b, East Dulwich Grove, East Dulwich, London, Greater London SE22 8PU2
£508K01/210.38 miGround Floor Flat, 186, Crystal Palace Road, London, Greater London SE22 9EP2
£550K06/210.38 mi12b, Tarbert Road, London, Greater London SE22 8QB2
£590K08/230.4 mi37a, Copleston Road, London, Greater London SE15 4AN2
£710K01/210.41 mi10a, Copleston Road, London, Greater London SE15 4AD2
£315K07/230.41 miFlat 35, Wheatland House, East Dulwich Estate, London, Greater London SE22 8AG2
£425K06/230.42 miFlat B, 48, Barry Road, London, Greater London SE22 0HP2
£420K05/210.42 mi122, Barry Road, London, Greater London SE22 0HP2
£530K12/200.43 miGround Floor Flat, 37, Colwell Road, London, Greater London SE22 8QP2
£453.2K02/210.45 miGround Floor Flat, 61, Upland Road, London, Greater London SE22 0DA2
£460K09/210.45 miFlat 15, Howard Court, Peckham Rye, London, Greater London SE15 3PH2
£360K06/230.46 miFlat 31, Tilling House, Nunhead Estate, London, Greater London SE15 3PQ2
£780K11/210.49 mi57a, Choumert Road, London, Greater London SE15 4AR2
£375K03/210.49 miFlat 10, Goodwin House, Nunhead Crescent, London, Greater London SE15 3PG2
£600K02/230.49 mi12b, Rodwell Road, London, Greater London SE22 9LF2
£440K01/230.49 miFlat 10, Goodwin House, Nunhead Crescent, London, Greater London SE15 3PG2
£373K05/210.52 miFlat 57, Brookstone Court, Peckham Rye, London, Greater London SE15 3UW2
£410K02/230.53 miFlat 11, Claude Monet Court, Underhill Road, London, Greater London SE22 0BZ2
£695K06/210.55 mi199d, Camberwell Grove, London, Greater London SE5 8JU2
£425K01/230.56 mi1c, Heber Road, East Dulwich, London, Greater London SE22 9JZ2
£475K01/210.56 mi71, Linwood Close, London, Greater London SE5 8UU2
£412.5K01/230.56 mi135, Linwood Close, Camberwell, London, Greater London SE5 8UY2
£455K01/210.56 mi117, Linwood Close, London, Greater London SE5 8UY2
£455.5K12/200.56 mi127, Linwood Close, London, Greater London SE5 8UY2

Local Rents

48 rents from £1.7K/mo to £3.3K/mo, average is £2.2K/mo.

RentDateDistanceAddressBeds 
£1,85001/250.03 mi-2
£1,95008/240.06 miEast Dulwich Road East Dulwich SE222
£1,90004/250.07 mi-2
£2,30008/240.08 miWorlingham Road, East Dulwich2
£1,95008/240.09 mi-2
£2,10009/240.09 mi-2
£2,90008/240.1 mi-2
£2,90009/240.1 mi-2
£2,50004/250.1 mi-2
£1,85008/240.1 mi-2
£2,10012/240.1 mi-2
£2,80008/240.1 miTintagel Crescent, East Dulwich, London, SE222
£1,70011/240.11 mi-2
£2,30008/240.12 miCrawthew Grove, East Dulwich2
£3,28002/240.12 mi-2
£2,70008/240.15 mi-2
£2,70008/240.15 miMatham Grove, London, SE222
£2,50008/240.15 miElsie Road, East Dulwich, London, SE222
£2,00008/240.15 miEast Dulwich Road, East Dulwich, London, SE222
£2,20008/240.15 miEast Dulwich Road, East Dulwich, London, SE222
£2,50008/240.16 miOglander Road, London2
£2,00008/240.17 miLordship Lane, East Dulwich, London, SE222
£2,00009/240.17 mi-2
£2,50008/240.18 miEast Dulwich Road, East Dulwich2
£1,90008/240.2 miOakhurst Grove, East Dulwich, London, SE222
£1,95001/250.2 mi-2
£2,10004/250.2 mi-2
£1,82508/240.21 miOakhurst Grove, East Dulwich, London, SE222
£2,20010/240.21 mi-2
£2,30008/240.21 miEast Dulwich Road, East Dulwich, London, SE222
£2,50011/240.21 mi-2
£2,20010/240.22 mi-2
£1,75008/240.22 miAdys Road, Peckham, London, SE152
£2,25008/240.22 miAdys Road, Peckham, London, SE152
£2,10008/240.22 miBesant Place, East Dulwich2
£2,50008/240.23 miAdys Road, East Dulwich2
£2,00002/250.23 mi-2
£2,30008/240.23 miGowlett Road London SE152
£1,85008/240.23 miThe Gardens, London, SE222
£2,20008/240.23 mi110 Lordship Lane, London, SE222
£2,50008/240.24 miLordship Lane East Dulwich SE222
£2,20008/240.24 miLordship Lane Dulwich SE222
£2,50008/240.24 miLordship Lane, London, SE222
£2,05008/240.24 miThe Gardens, East Dulwich London SE222
£2,05008/240.24 miThe Gardens East Dulwich SE222
£2,00008/240.24 miThe Gardens, East Dulwich London SE222
£2,40008/240.24 miMelbourne Grove, London, SE222
£2,05008/240.24 miThe Gardens, East Dulwich, London, SE222

Local Area Statistics

Population in SE22

29,687

Population in London

4,771,921

Town centre distance

4.85 miles away

Nearest school

0.10 miles away

Nearest train station

0.27 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-5%

Sales demand

Buyer's market

Capital growth (5yrs)

+10%

Property History

Listed for £575,000

July 19, 2024

Floor Plans

Description

  • Ground Floor Vacant Unit +
  • Development Opportunity +
  • Large Rear Garden +
  • Garage & Cellar +
  • Bespoke Communal Bike and Bin storage +
  • Fantastic Location +

Presented to the market is this perfect development opportunity in the highly sought after location of Goose Green in the heart of SE22. In need of modernisation is this ground floor vacant unit which previously operated as a dental surgery. It has planning permission for a change of use to residential. With no external alteration it would be a two bed flat, however, the planning permission also allows for a rear extension to create a three bed flat. The property has a cellar, a large private garden at the rear and an added bonus of a private garage with rear access off Worlingham Road.

With potential to extend further and reconfigure this offers the chance to add your own stamp on this superb property. With direct links to London bridge via East Dulwich Station and easy access to all local amenities on the ever-popular Lordship lane nearby, early viewings is highly advised.

AGENT NOTES:

Mobile phone coverage: (Potential purchasers are advised to seek their own advice as to the suitability of the services and mobile phone coverage, the above is for guidance only.)

Available broadband: FTTP ADSL - Networks in your area: Virgin Media (Information supplied by Ofcom)

Flood Risk: Low risk of surface water flooding / Very low risk river and sea flooding (Information supplied by gov.uk and purchasers are advised to seek their own legal advice)

Tenure: Leasehold

Local Council: Southwark / Tax Band: C

Floor plan: Whilst every attempt has been made to ensure accuracy, all measurements are approximate and not to scale. The floor plan is for illustrative purposes only.

Agent Details

Winkworth, Dulwich

020 3889 5958

Next Steps?

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