2 Bed House, Refurb/BRRR, London, SE13 7ST, £299,995

Loampit Hill, London, SE13 7ST - 8 views - 9 months ago

Refurb/BRRR

ROI: 7%

~49 m²

+11 photos

ValuationFair Value

Sold Prices	£350K - £4.3M
Sold Prices/m²	£4.9K/m² - £27K/m²

Square Metres	~49.05 m²
Price/m²	£6.1K/m²
Value Estimate	£299,995£299,995

End Value (After Refurb)	£326,048£326,048
Uplift in Value	+9%+9%

Investment Opportunity

Cash In
Purchase Finance	Bridging LoanBridging Loan
Deposit (25%)	£74,999£74,999
Stamp Duty & Legal Fees	£18,700£18,700
Refurb Costs	£25,961£25,961
Bridging Loan Interest	£7,875£7,875
Total Cash In	£129,284£129,284

Cash Out
Monetisation	FlipRefinance & RentRefinance & Rent
Revaluation	£326,048£326,048
Mortgage (After Refinance)	£244,536£244,536
Mortgage LTV	75%75%
Cash Released	£19,540£19,540
Cash Left In	£109,744£109,744
Equity	£81,512£81,512
Rent Range	£1,600 - £2,900£1,600 - £2,900
Rent Estimate	£2,179
Running Costs/mo	£1,475£1,475
Cashflow/mo	£704£704
Cashflow/yr	£8,452£8,452
ROI	7%7%
Gross Yield	9%9%

Local Sold Prices

50 sold prices from £350K to £4.3M, average is £651.3K. £4.9K/m² to £27K/m², average is £8.8K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£555K	05/22	0.09 mi	32, Leathwell Road, London, Greater London SE8 4JL	£8,810	63	2	Semi-Detached House
£650K	01/21	0.15 mi	40, Elverson Road, London, Greater London SE8 4JN	£7,471	87	2	Terraced House
£550K	09/21	0.17 mi	13, Branscombe Street, London, Greater London SE13 7AY	-	-	2	Terraced House
£550K	03/21	0.2 mi	Ground Floor Flat, 48, Halesworth Road, London, Greater London SE13 7TL	£7,639	72	2	Terraced House
£567.5K	05/21	0.21 mi	20, Brookbank Road, London, Greater London SE13 7BT	-	-	2	Semi-Detached House
£575K	05/21	0.21 mi	14, Brookbank Road, London, Greater London SE13 7BT	£5,583	103	2	Terraced House
£528K	10/20	0.33 mi	12, Tremaine Close, London, Greater London SE4 1YF	£5,500	96	2	Terraced House
£350K	04/23	0.33 mi	7, Tremaine Close, London, Greater London SE4 1YF	£5,932	59	2	Terraced House
£750K	10/23	0.34 mi	55, Ellerdale Street, London, Greater London SE13 7JX	£9,494	79	2	Semi-Detached House
£590K	01/23	0.4 mi	39d, Tressillian Road, London, Greater London SE4 1YG	-	-	2	Semi-Detached House
£662.5K	02/21	0.43 mi	8, Strickland Street, London, Greater London SE8 4JB	£7,444	89	2	Terraced House
£610K	01/21	0.43 mi	98, Cranbrook Road, London, Greater London SE8 4EJ	-	-	2	Terraced House
£500K	01/21	0.43 mi	66, Cranbrook Road, London, Greater London SE8 4EJ	£5,556	90	2	Terraced House
£511K	04/23	0.43 mi	56, Cranbrook Road, London, Greater London SE8 4EJ	£4,890	105	2	Terraced House
£1.7M	07/21	0.43 mi	5, Tressillian Crescent, London, Greater London SE4 1QJ	-	-	2	Detached House
£601K	03/21	0.44 mi	36, Crosslet Vale, London, Greater London SE10 8DH	£9,345	64	2	Terraced House
£636K	12/20	0.44 mi	58, Brookmill Road, London, Greater London SE8 4JD	£7,528	84	2	Terraced House
£515K	12/20	0.45 mi	5, Tack Mews, London, Greater London SE4 1XS	£8,729	59	2	Semi-Detached House
£508K	07/23	0.45 mi	1, Tack Mews, London, Greater London SE4 1XS	£8,610	59	2	Terraced House
£535K	06/22	0.46 mi	8, Brookbank Road, London, Greater London SE13 7BT	£5,573	96	2	Semi-Detached House
£575K	09/23	0.47 mi	56a, Vicars Hill, London, Greater London SE13 7JL	-	-	2	Terraced House
£550K	06/21	0.5 mi	110, Friendly Street, London, Greater London SE8 4DR	£8,209	67	2	Terraced House
£665K	06/23	0.5 mi	88, Friendly Street, London, Greater London SE8 4DR	-	-	2	Terraced House
£640K	12/20	0.51 mi	8, Lindsell Street, London, Greater London SE10 8NY	£9,143	70	2	Terraced House
£635K	02/21	0.51 mi	108, Friendly Street, London, Greater London SE8 4DR	£8,819	72	2	Terraced House
£1.0M	04/21	0.51 mi	14, Guildford Grove, London, Greater London SE10 8JT	£7,652	132	2	Semi-Detached House
£1.0M	06/21	0.51 mi	50, Guildford Grove, London, Greater London SE10 8JT	£10,315	98	2	Semi-Detached House
£675K	01/23	0.51 mi	109, Embleton Road, London, Greater London SE13 7DQ	-	-	2	Terraced House
£1.0M	06/21	0.53 mi	50, Guildford Grove, London, Greater London SE10 8JT	£10,315	98	2	Semi-Detached House
£665K	05/23	0.54 mi	29, Dutton Street, London, Greater London SE10 8TB	£10,726	62	2	Terraced House
£815K	10/23	0.55 mi	56, Maidenstone Hill, London, Greater London SE10 8TA	£9,939	82	2	Semi-Detached House
£815K	10/23	0.55 mi	56, Maidenstone Hill, London, Greater London SE10 8TA	£9,939	82	2	Semi-Detached House
£1.8M	08/22	0.55 mi	58, Greenwich South Street, London, Greater London SE10 8UN	-	-	2	Detached House
£2.0M	05/23	0.55 mi	15, Granville Park, London, Greater London SE13 7DY	£27,027	74	2	Semi-Detached House
£975K	07/21	0.55 mi	11, Maidenstone Hill, London, Greater London SE10 8SY	£8,569	114	2	Terraced House
£830K	02/23	0.55 mi	85, Harefield Road, London, Greater London SE4 1LU	£9,222	90	2	Detached House
£730K	02/23	0.56 mi	73, Maidenstone Hill, London, Greater London SE10 8SY	£8,690	84	2	Terraced House
£1.1M	04/21	0.56 mi	11, Catherine Grove, London, Greater London SE10 8BS	£10,514	107	2	Terraced House
£1.0M	07/24	0.56 mi	2, Catherine Grove, Greenwich, London, Greater London SE10 8BS	£10,309	97	2	Terraced House
£885K	12/22	0.56 mi	59, Maidenstone Hill, London, Greater London SE10 8SY	£10,412	85	2	Terraced House
£490K	08/22	0.58 mi	44f, Wickham Road, Brockley, London, Greater London SE4 1NZ	£5,904	83	2	Semi-Detached House
£4.3M	06/23	0.58 mi	5, Aberdeen Terrace, Blackheath, London, Greater London SE3 0QX	£9,539	456	2	Semi-Detached House
£652.5K	03/23	0.59 mi	12, Burgos Grove, London, Greater London SE10 8LL	£7,587	86	2	Terraced House
£630K	11/23	0.62 mi	88, Point Hill, London, Greater London SE10 8QW	£10,678	59	2	Terraced House
£720K	06/24	0.62 mi	90, Point Hill, London, Greater London SE10 8QW	£10,909	66	2	Terraced House
£683.8K	06/21	0.62 mi	20, Winforton Street, London, Greater London SE10 8UR	£9,768	70	2	Terraced House
£720K	09/23	0.62 mi	26, Winforton Street, London, Greater London SE10 8UR	£10,141	71	2	Terraced House
£530K	01/21	0.62 mi	5, Church Grove, London, Greater London SE13 7UU	-	-	2	Terraced House
£750K	02/21	0.66 mi	54, Point Hill, London, Greater London SE10 8QL	£10,287	73	2	Terraced House
£600K	09/21	0.67 mi	35, Ladywell Road, London, Greater London SE13 7UT	£6,588	91	2	Terraced House

Local Rents

48 rents from £1.6K/mo to £2.9K/mo, average is £2K/mo.

Rent	Date	Distance	Address	Beds	Type
£1,950	04/25	0.04 mi	-	2	Flat
£1,750	08/24	0.05 mi	-	2	Flat
£1,950	09/24	0.06 mi	-	2	Flat
£1,950	08/24	0.06 mi	Booth Court, London, SE13	2	Flat
£1,800	09/24	0.06 mi	Lindsay Court, Jerrard Street, SE13	2	Flat
£1,800	09/24	0.06 mi	Lindsay Court, Jerrard Street, SE13	2	Flat
£2,150	08/24	0.07 mi	-	2	Flat
£2,150	08/24	0.07 mi	Booth Court, London, SE13	2	Flat
£1,800	10/24	0.08 mi	-	2	Flat
£1,750	11/24	0.08 mi	-	2	Flat
£2,000	03/25	0.09 mi	-	2	Semi-Detached House
£1,800	01/25	0.09 mi	-	2	Flat
£1,750	08/24	0.1 mi	Century House, Deptford, SE8	2	Flat
£1,950	04/25	0.1 mi	-	2	Flat
£1,600	08/24	0.1 mi	Century House, Armoury Road, London, SE8	2	Flat
£1,600	02/24	0.1 mi	-	2	Flat
£2,850	04/25	0.1 mi	-	2	Flat
£2,000	02/25	0.11 mi	-	2	Flat
£1,750	04/25	0.12 mi	-	2	Flat
£1,750	09/24	0.13 mi	-	2	Flat
£1,750	08/24	0.13 mi	Loampit Hill, Lewisham	2	Flat
£1,850	11/23	0.13 mi	Halesworth Road, London, SE13	2	Flat
£2,100	08/24	0.13 mi	Armoury Road, London, Greater London, SE8 4LA	2	Flat
£2,400	03/25	0.14 mi	-	2	Flat
£1,950	09/23	0.14 mi	Thurston Road, Lewisham, London	2	Flat
£1,900	10/24	0.14 mi	-	2	Flat
£2,330	08/24	0.14 mi	Bale & Anchor, Conington Road, SE13	2	Flat
£2,600	08/24	0.14 mi	Bale & Anchor, Conington Road, SE13	2	Flat
£2,485	08/24	0.14 mi	Bale & Anchor, Conington Road, SE13	2	Flat
£2,000	08/24	0.15 mi	Halesworth Road, London, SE13	2	Flat
£2,100	02/24	0.15 mi	-	2	Flat
£1,750	08/24	0.15 mi	Halesworth Road, Lewisham	2	Flat
£1,850	08/24	0.15 mi	Connington Road	2	Flat
£2,535	08/24	0.15 mi	Flat 603, Bale House, Conington Road, London, SE13 7GX	2	Flat
£2,410	08/24	0.15 mi	Flat B509, Anchor House, Conington Road, London, SE13 7SQ	2	Flat
£2,605	08/24	0.15 mi	Flat 704, Bale House, Conington Road, London, SE13 7GX	2	Flat
£2,435	08/24	0.15 mi	Flat 704, Bale House, Conington Road, London, SE13 7GX	2	Flat
£2,545	08/24	0.15 mi	Flat 1003, Bale House, Conington Road, London, SE13 7GX	2	Flat
£2,460	08/24	0.15 mi	Flat 503, Bale House, Conington Road, London, SE13 7GX	2	Flat
£2,435	08/24	0.15 mi	Flat 301, Bale House, Conington Road, London, SE13 7GX	2	Flat
£2,435	08/24	0.15 mi	Flat 304, Bale House, Conington Road, London, SE13 7GX	2	Flat
£2,460	08/24	0.15 mi	Flat 503, Bale House, Conington Road, London, SE13 7GX	2	Flat
£2,460	09/24	0.15 mi	Flat 601, Bale House, Conington Road, London, SE13 7GX	2	Flat
£2,460	09/24	0.15 mi	Flat 604, Bale House, Conington Road, London, SE13 7GX	2	Flat
£2,355	08/24	0.16 mi	Bale & Anchor, Conington Road, SE13	2	Flat
£2,900	08/24	0.16 mi	Bale & Anchor, Conington Road, SE13	2	Flat
£2,460	08/24	0.16 mi	Flat B209, Anchor House, Conington Road, London, SE13 7SQ	2	Flat
£2,420	08/24	0.16 mi	Conington Road, London, SE13	2	Flat

Local Area Statistics

Population in SE13	40,84840,848
Population in London	4,771,9214,771,921
Town centre distance	5.71 miles away5.71 miles away
Nearest school	0.20 miles away0.20 miles away
Nearest train station	0.15 miles away0.15 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	+21%+21%
Sales demand	Balanced marketBalanced market
Capital growth (5yrs)	+15%+15%

Property History

Listed for £299,995

July 22, 2024

Floor Plans

Description

Art-Deco Style Building. +
Room For Renovation! +
Central SE13 Location. +
Great Value Apartment. +
Close To Local Amenities. +
Lewisham Railway & DLR Closeby. +
Share Of Freehold. +
EPC Rating D. +

Guide Price: £299,995 - £320,000

A sought-after purpose-built apartment set in a desirable art-deco building, surpassing 528sqft/49sqm of internal floor space, which is set on the ground floor, requiring internal modernisation although would be an ideal blank canvas for a DIY enthusiast to put their own stamp onto, located in the heart of SE13.

The property sits circa 528 sq/ft of internal floor space, briefly comprising; through the front door you are welcomed with a spacious hallway. The reception room is of a good size and would be perfect for entertaining. There are two spacious double bedrooms, a three piece family bathroom suite and kitchen space with wall and base units, leading out to outdoor space.

This superb value property boasts no onwards chain and other benefits include extensive communal grounds, double glazing, gas central heating and a share of the freehold.

Grover Court is conveniently located with St John’s Railway only 0.3m walk, Lewisham Railway & DLR 0.5m walk which offers even more options into the city! The area is extremely sought after with Brockley Conservation nearby with the popular Brockley Market just off Tressillian Road with quirky pop-up stores to explore. Lewisham Hight Street & Shopping Centre has a variety of branded stores, boutique shops, cafes, restaurants, and coffee shops to enjoy with a cinema due to open soon! There is plenty of green spaces nearby too with Brookmill Park & Hilly Fields within an easy commute whilst Greenwhich High street & the famous park is under 1.7m walk with even more choice of bars, local market, museums, and nightlife to enjoy!

Tenure: Share of Freehold (107 years) | Service Charge: £2,915 pa | Ground Rent: £200pa

Agent Details

Acorn, Lewisham

020 8106 2893

Next Steps?

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