6 Bed Terraced House, Refurb/BRRR, London, SE14 5DS, £1,250,000

New Cross Road, London, SE14 5DS - 8 months ago

Refurb/BRRR
~133 m²
+12 photos

ValuationOvervalued

Sold Prices£550K - £3.5M
Sold Prices/m²£4.7K/m² - £13K/m²

 

 

Square Metres

~132.60 m²
Price/m²£9.4K/m²

Value Estimate

£873,955

 

 

End Value (After Refurb)

£946,119

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£312,500

Stamp Duty & Legal Fees

£129,950

Refurb Costs

£70,261

Bridging Loan Interest

£32,813

Total Cash In

£547,273

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£946,119

Mortgage (After Refinance)

£709,589

Mortgage LTV

75%

Cash Left In

£547,273

Equity

£236,530

Rent Range

£1,700 - £8,333

Rent Estimate

£3,468

Running Costs/mo

£3,670

Cashflow/mo

£-202

Cashflow/yr

£-2,427

Gross Yield

3%

Local Sold Prices

28 sold prices from £550K to £3.5M, average is £1.5M. £4.7K/m² to £13K/m², average is £7.1K/m².

PriceDateDistanceAddressBeds 
£975K01/210.54 mi58, Lausanne Road, London, Greater London SE15 2JB6
£1.3M12/200.66 mi211, Waller Road, London, Greater London SE14 5LX6
£990K09/210.99 mi26, St Asaph Road, London, Greater London SE4 2EJ6
£2.0M08/221.35 mi92, Grove Park, London, Greater London SE5 8LE6
£3.3M09/211.38 mi49, Grove Park, London, Greater London SE5 8LG6
£3.3M09/211.43 mi49, Grove Park, London, Greater London SE5 8LG6
£1.2M05/211.47 mi30, Oakhurst Grove, London, Greater London SE22 9AQ6
£550K04/211.48 mi8, Mcneil Road, London, Greater London SE5 8PL6
£2.9M04/211.52 mi1, Grove Park, London, Greater London SE5 8LT6
£2.4M03/211.58 mi176, Camberwell Grove, Camberwell, London, Greater London SE5 8RH6
£1.2M11/221.58 mi13, Drake Close, London, Greater London SE16 6RS6
£2.5M11/201.6 mi25, Camberwell Grove, London, Greater London SE5 8JA6
£1.8M08/231.65 mi1, Elsie Road, London, Greater London SE22 8DX6
£830K04/211.67 mi103, Halesworth Road, London, Greater London SE13 7TL6
£3.0M09/221.79 mi25, Champion Hill, London, Greater London SE5 8AL6
£3.0M12/221.8 mi52, Champion Hill, London, Greater London SE5 8BS6
£1.3M06/211.8 mi143, Camberwell Road, London, Greater London SE5 0HB6
£650K02/231.84 mi31, Manchester Road, London, Greater London E14 3BD6
£2.4M01/221.86 mi20, Marmora Road, London, Greater London SE22 0RX6
£1.9M01/241.89 mi28, Gloucester Circus, London, Greater London SE10 8RY6
£1.6M06/241.89 mi29, Gloucester Circus, London, Greater London SE10 8RY6
£3.5M07/231.91 mi30, Hyde Vale, London, Greater London SE10 8QH6
£1.3M10/211.91 mi251, Crystal Palace Road, London, Greater London SE22 9JQ6
£2.6M09/211.92 mi5, Diamond Terrace, London, Greater London SE10 8QN6
£867.5K06/211.92 mi2, Amyruth Road, London, Greater London SE4 1HQ6
£900K03/211.93 mi23, Thorncombe Road, London, Greater London SE22 8PX6
£1.2M03/211.96 mi163, Barry Road, London, Greater London SE22 0JP6
£1.4M06/211.99 mi194, Lordship Lane, London, Greater London SE22 8LR6

Local Rents

47 rents from £1.7K/mo to £8.3K/mo, average is £3.5K/mo.

RentDateDistanceAddressBeds 
£8,33308/240.01 mi-5
£7,20008/240.01 mi-7
£2,70008/240.06 mi-3
£2,80001/250.06 mi-3
£3,00011/240.06 mi-3
£4,00010/240.1 mi-5
£1,70008/240.11 miFarrow Lane, London, SE143
£2,10011/240.12 mi-3
£2,05008/240.13 miWater Lane, London, SE143
£3,60008/240.14 miAvonley Road, London, SE144
£3,70008/240.15 miWrigglesworth Street, London, SE144
£3,45009/240.15 miWrigglesworth Street, London, SE144
£3,25009/240.15 mi-4
£3,70009/240.15 mi-4
£3,25009/240.15 mi-4
£3,50009/240.15 mi-4
£3,70008/240.15 miJuniper House, London, SE144
£3,90008/240.16 miAvonley Road, London , SE145
£3,70008/240.16 miAvonley Road, London , SE144
£2,45008/240.16 miAvonley Road, New Cross, London, SE143
£3,50008/240.16 miWrigglesworth Street London SE143
£4,45008/240.16 miWrigglesworth Street, London5
£4,45008/240.16 miWrigglesworth Street, London5
£2,60008/240.2 miHunsdon Road, London, SE144
£3,30008/240.2 miHunsdon Road, London, SE144
£2,70008/240.2 miHunsdon Road, London, SE143
£3,46708/240.2 miAstbury Road , Peckham SE154
£3,20011/230.21 miMonson Road, New Cross, London, SE144
£3,75008/240.21 miHunsdon Road, London, SE145
£3,26010/240.22 mi-5
£3,26008/240.22 miHunsdon Road, London, SE145
£4,00008/240.22 miMonson Road, New Cross, SE144
£4,25008/240.22 miMonson Road, London , SE145
£3,20008/240.22 miMonson Road, London, SE144
£2,35008/240.23 miNew Cross Road, London, SE143
£4,10002/250.24 mi-5
£6,50004/250.24 mi-5
£3,30008/240.27 miCamplin Street, London, SE144
£2,39508/240.27 miCamplin Street, London, SE143
£2,60008/240.27 miKender Street, London, SE144
£2,80008/240.27 miKender Street, London, SE144
£2,60010/230.28 miSharratt Street, London, SE153
£3,40008/240.28 miManor Grove, Peckham, SE154
£4,20009/240.28 mi-5
£4,20008/240.28 miMeeting House Lane, London, SE155
£4,40008/240.28 miMoncrieff Street, London, SE156
£4,00008/240.28 miMeeting House Lane, London, SE155

Local Area Statistics

Population in SE14

24,781

Population in London

4,771,921

Town centre distance

4.14 miles away

Nearest school

0.20 miles away

Nearest train station

0.39 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-4%

Sales demand

Buyer's market

Capital growth (5yrs)

+26%

Property History

Listed for £1,250,000

August 2, 2024

Floor Plans

Description

  • FIVE/SIX BEDROOM MID-TERRACED HOME +
  • PRIVATE REAR GARDEN +
  • OFF-STREET DRIVEWAY PARKING +
  • NO ONWARD CHAIN +
  • IDEAL FOR DEVELOPERS +
  • SIGNIFICANT RENOVATION POTENTIAL +
  • APPROXIMATELY 1,427 SQ. FT. OF ACCOMMODATION +
  • POTENTIAL TO BE CONVERTED INTO THREE SEPARATE DWELLINGS +

SUMMARY
GORGEOUS 5/6 BEDROOM MID-TERRACED HOUSE with PRIVATE REAR GARDEN IN NEW CROSS

MID-TERRACE 5/6 BEDROOM with private garden in New Cross with UNIQUE FIXTURES AND PERIOD CHARM and a large THREE STORY layout.

NO ONWARD CHAIN

DESCRIPTION
*GORGEOUS 5/6 BEDROOM MID-TERRACED HOUSE with PRIVATE REAR GARDEN IN NEW CROSS*

We at Barnard Marcus are happy to bring to market this gorgeous 5/6 BEDROOM MID-TERRACED HOME with private garden in New Cross with UNIQUE FIXTURES AND PERIOD CHARM and a large THREE STORY layout. Ideally situated almost half-way between both QUEENS ROAD PECKHAM & NEW CROSS GATE stations which provide services to LONDON BRIDGE in under 10 MINUTES!

Located on the lower ground floor are two sizable bedroom, large reception room, utility/storage room and w/c with shower. Further displayed on the ground floor is the main reception room, master bedroom, kitchen, and the extensive private rear garden. On the top floor are a further three bedrooms and fully equipped bathroom.

In the immediate New Cross Gate area, exciting newcomers like Corner (a cozy cafe) and The Old Library (a bar and events hub) have made their mark. But don't forget the longstanding gems: The Rosemary offers Hungarian cuisine, live music nights, and even pottery courses. The Rose Inn and Smokey Jerk are local favourites, and the Goldsmiths Centre for Contemporary Art is a must-visit. Local schools include Haberdashers' Hatcham Primary (ages 3 to 11, which feeds to the local secondary), Kender and Edmund Waller. All are very well-regarded.

This property is perfect for any growing or established family or investors alike!

Lower Ground Floor 

Living Room 14' 1" x 14' 1" ( 4.29m x 4.29m )

Bedroom One 12' 9" x 12' 3" ( 3.89m x 3.73m )

Bedroom Two 12' 3" x 9' 9" ( 3.73m x 2.97m )

Bathroom 

Utility/ Storage 8' 3" x 8' 1" ( 2.51m x 2.46m )

Ground Floor 

Entrance Hall 

Living Room 17' 9" x 14' ( 5.41m x 4.27m )

Bedroom Three 18' x 13' 9" ( 5.49m x 4.19m )

Kitchen 15' 3" x 6' 3" ( 4.65m x 1.91m )

Rear Garden 37' 6" x 25' ( 11.43m x 7.62m )

First Floor 

Bedroom Four 14' x 14' ( 4.27m x 4.27m )

Bedroom Five 12' 6" x 10' 3" ( 3.81m x 3.12m )

Bedroom Six 12' 6" x 10' ( 3.81m x 3.05m )

Bathroom 

1. MONEY LAUNDERING REGULATIONS: Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2. General: While we endeavour to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact the office and we will be pleased to check the position for you, especially if you are contemplating travelling some distance to view the property.
3. The measurements indicated are supplied for guidance only and as such must be considered incorrect.
4. Services: Please note we have not tested the services or any of the equipment or appliances in this property, accordingly we strongly advise prospective buyers to commission their own survey or service reports before finalising their offer to purchase.
5. THESE PARTICULARS ARE ISSUED IN GOOD FAITH BUT DO NOT CONSTITUTE REPRESENTATIONS OF FACT OR FORM PART OF ANY OFFER OR CONTRACT. THE MATTERS REFERRED TO IN THESE PARTICULARS SHOULD BE INDEPENDENTLY VERIFIED BY PROSPECTIVE BUYERS OR TENANTS. NEITHER SEQUENCE (UK) LIMITED NOR ANY OF ITS EMPLOYEES OR AGENTS HAS ANY AUTHORITY TO MAKE OR GIVE ANY REPRESENTATION OR WARRANTY WHATEVER IN RELATION TO THIS PROPERTY.

Agent Details

Barnard Marcus, Peckham

020 3834 8009

Next Steps?

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