2 Bed Flat, Refurb/BRRR, London, SE17 3HD, £420,000

Fielding Street, SE17 3HD - 3 views - 8 months ago

Leasehold
Refurb/BRRR
ROI: 3%
~68 m²
+2 photos

ValuationFair Value

Sold Prices£180K - £650K
Sold Prices/m²£5.6K/m² - £10K/m²

 

 

Square Metres

~68.11 m²
Price/m²£6.2K/m²

Value Estimate

£424,200

 

 

End Value (After Refurb)

£491,245

Uplift in Value

+17%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£105,000

Stamp Duty & Legal Fees

£22,300

Refurb Costs

£36,033

Bridging Loan Interest

£11,025

Total Cash In

£176,108

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£491,245

Mortgage (After Refinance)

£368,434

Mortgage LTV

75%

Cash Released

£53,434

Cash Left In

£122,674

Equity

£122,811

Rent Range

£1,825 - £3,650

Rent Estimate

£2,579

Running Costs/mo

£2,071

Cashflow/mo

£508

Cashflow/yr

£6,096

ROI

3%

Gross Yield

7%

Local Sold Prices

50 sold prices from £180K to £650K, average is £404.8K. £5.6K/m² to £10K/m², average is £6.9K/m².

PriceDateDistanceAddressBeds 
£426K10/210.12 mi29, Langdale Close, London, Greater London SE17 3UF2
£370K02/210.12 mi34, Langdale Close, London, Greater London SE17 3UF2
£500K01/210.14 miFlat 4, Spectrum Place, Lytham Street, London, Greater London SE17 2GP2
£325K12/200.16 miFlat 44, St. Peters House, Queens Row, London, Greater London SE17 2PU2
£387.5K07/210.16 miFlat 18, Pascall House, Draco Street, London, Greater London SE17 3HP2
£382K07/230.17 miFlat 2, Penrose House, Penrose Street, London, Greater London SE17 3DU2
£425K08/230.17 miFlat 19, Eglington Court, Lorrimore Road, London, Greater London SE17 3LY2
£588.2K12/200.18 mi55, Carter Street, London, Greater London SE17 3EN2
£330K03/230.18 miFlat 17, St. Johns House, Lytham Street, London, Greater London SE17 2PW2
£350K03/210.19 mi203, Olney Road, London, Greater London SE17 3HT2
£512K04/230.21 mi11, Borrett Close, London, Greater London SE17 3JF2
£500K06/210.23 mi16b, Urlwin Street, London, Greater London SE5 0NF2
£335K02/230.23 mi26, Pilton Place, London, Greater London SE17 1DN2
£475K11/200.24 mi86c, Grosvenor Terrace, London, Greater London SE5 0NW2
£640K06/210.27 mi9, Portland Street, London, Greater London SE17 2PF2
£425K01/230.31 mi166a, Trafalgar Street, London, Greater London SE17 2TP2
£450K07/230.32 mi28a, Berryfield Road, London, Greater London SE17 3QE2
£597K12/200.32 mi1b, Grosvenor Park, London, Greater London SE5 0NQ2
£540K11/200.34 mi38, Fleming Road, London, Greater London SE17 3QR2
£650K07/230.34 mi128a, Grosvenor Terrace, London, Greater London SE5 0NL2
£440K10/200.35 mi50, Aylesbury Road, London, Greater London SE17 2EH2
£475K10/210.35 mi66, Wooler Street, London, Greater London SE17 2EF2
£422K10/200.35 mi66a, Wooler Street, London, Greater London SE17 2EF2
£440K02/230.35 miFlat 12, Suffield House, Alberta Estate, London, Greater London SE17 3QB2
£617.5K11/200.37 mi115b, Grosvenor Park, London, Greater London SE5 0NJ2
£624K03/210.37 mi115a, Grosvenor Park, London, Greater London SE5 0NJ2
£420K06/230.37 miFlat 135, Edmund House, Doddington Grove, London, Greater London SE17 3TA2
£465K06/210.38 mi149, Hillingdon Street, London, Greater London SE17 3JH2
£390K09/210.41 miFlat 269, Irving House, Doddington Grove, London, Greater London SE17 3TS2
£585K06/210.41 mi4, Ambergate Street, London, Greater London SE17 3RX2
£285K09/210.43 miFlat 14, Brawne House, Brandon Estate, London, Greater London SE17 3PJ2
£325K06/210.43 miFlat 79, Dawes House, Orb Street, London, Greater London SE17 1RD2
£360K06/210.43 miFlat 57, Dawes House, Orb Street, London, Greater London SE17 1RD2
£362K12/200.43 miFlat 25, Dawes House, Orb Street, London, Greater London SE17 1RE2
£355K06/210.43 mi143f, Cooks Road, London, Greater London SE17 3NS2
£285K02/210.44 miFlat 28, Cornish House, Brandon Estate, London, Greater London SE17 3PE2
£265K09/210.44 miFlat 40, Cornish House, Brandon Estate, London, Greater London SE17 3PE2
£190K12/200.45 miFlat 66, Masterman House, Elmington Estate, London, Greater London SE5 7HX2
£395K05/210.45 mi34, Marlborough Close, London, Greater London SE17 3AP2
£390K04/230.47 mi15c, Southampton Way, London, Greater London SE5 7SW2
£275K04/210.47 miFlat 15, Walters House, Otto Street, London, Greater London SE17 3PG2
£180K05/210.48 miFlat 22, Bateman House, Otto Street, London, Greater London SE17 3PF2
£180K05/210.48 miFlat 22, Bateman House, Otto Street, London, Greater London SE17 3PF2
£365K03/230.48 miFlat 19, Cameron House, Comber Grove, London, Greater London SE5 0UJ2
£330K09/230.49 mi81, Rodney Road, London, Greater London SE17 1RF2
£620K12/220.5 mi16, Kennington Park Place, London, Greater London SE11 4AS2
£414.5K02/210.51 mi47, Winchester Close, London, Greater London SE17 3DQ2
£390K01/210.51 mi77, Winchester Close, London, Greater London SE17 3DQ2
£375K11/200.52 mi23, Winchester Close, London, Greater London SE17 3DQ2
£430K02/210.53 mi1, Salisbury Close, London, Greater London SE17 1BY2

Local Rents

48 rents from £1.8K/mo to £3.6K/mo, average is £2.5K/mo.

RentDateDistanceAddressBeds 
£2,40012/240.02 mi-2
£2,60001/250.02 mi-2
£3,50001/250.02 mi-2
£2,20003/250.02 mi-2
£2,40003/250.02 mi-2
£2,40002/250.02 mi-2
£2,40003/250.02 mi-2
£2,30003/250.02 mi-2
£2,25308/240.04 miEmpress Street, London, SE172
£2,40008/240.06 miPetram House, Walworth, London, SE172
£2,35001/250.08 mi-2
£1,85008/240.09 miWalworth Road Walworth SE172
£3,65008/240.09 miWalton Heights, Elephant & Castle2
£2,90001/250.1 mi-2
£2,34912/240.11 mi-2
£2,30008/240.12 miHorsley Street London SE172
£2,50003/250.12 mi-2
£1,82503/250.13 mi-2
£2,29912/240.13 mi-2
£2,54912/240.13 mi-2
£2,49912/240.13 miJohn Ruskin Street, London, SE52
£1,85008/240.14 miQueens Row, London, SE172
£2,10008/240.15 miCamberwell Road, London, SE52
£2,25011/230.16 miGrosvenor Terrace, London, SE52
£2,80008/240.17 miPenrose Street, London2
£2,45008/240.17 miBoyson Road Kennington SE172
£2,00008/240.17 miMerrow Street, London, SE17 2NW2
£2,00008/240.18 miGrosvenor Terrace, Camberwell.2
£2,80008/240.18 miPenrose Street, Elephant & Castle, London, SE17 3DW2
£2,85008/240.18 miPenrose Street, London, SE172
£3,00008/240.18 miPenrose Street, London, SE172
£2,80002/240.18 mi-2
£2,85009/240.18 mi-2
£2,65001/250.18 mi-2
£2,80003/250.18 mi-2
£2,85008/240.18 miPenrose Street, Elephant & Castle, London, SE17 3DW2
£2,85008/240.18 miPenrose Street, Elephant & Castle, London, SE17 3DW2
£2,80008/240.18 miPenrose Street, London, SE172
£2,75008/240.18 miPenrose Street, Elephant & Castle, London, SE17 3DW2
£2,80008/240.18 mi-2
£2,85008/240.18 miPenrose Street, Elephant & Castle, London, SE17 3DW2
£3,00008/240.18 miPenrose Street, Elephant & Castle, SE17 3DW2
£3,00009/240.18 miPenrose Street Studios, London, SE172
£3,05008/240.19 mi-2
£3,09708/240.19 miPark Central East2
£3,12008/240.19 miPark Central East2
£2,45012/240.19 mi-2
£2,40012/240.19 mi-2

Local Area Statistics

Population in SE17

31,522

Population in London

4,771,921

Town centre distance

2.98 miles away

Nearest school

0.20 miles away

Nearest train station

0.48 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+4%

Sales demand

Balanced market

Capital growth (5yrs)

-1%

Property History

Listed for £420,000

July 23, 2024

Floor Plans

Description

  • Spacious Two Bedroom Flat +
  • Separate Reception +
  • Fully Fitted Kitchen +
  • Ideal for Investors and First Time Buyers +
  • Close to Station +
  • Great Condition +
  • Close Transport links and Amenities +
  • Fully Tiled Bathroom +
  • Separate Kitchen +
  • Minimum Toilets +

Mayfords are happy to present this spacious two-bedroom flat with a study. This property has the advantage of being offered features and benefits including a separate kitchen, separate reception, two good-sized double bedrooms, a study, gas central heating, and neutrally decorated throughout. This property is good for first-time buyers and investors. The property is a short walk to Kennington Underground Station and a good catchment for local schools. The property was tenanted for the past few years, it's not as photograph!! In need of some works.

Agent Details

Mayfords Estate Agent, Middlesex

020 3910 6434

Next Steps?

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