4 Bed Semi-Detached House, Refurb/BRRR, London, SE23 2TG, £750,000

Woolstone Road, Forest Hill, SE23 2TG - 9 views - 8 months ago

Refurb/BRRR

~129 m²

+10 photos

ValuationFair Value

Sold Prices	£383.2K - £1.4M
Sold Prices/m²	£3.6K/m² - £11K/m²

Square Metres	~129.26 m²
Price/m²	£5.8K/m²
Value Estimate	£765,000£765,000

End Value (After Refurb)	£862,850£862,850
Uplift in Value	+15%+15%

Investment Opportunity

Cash In
Purchase Finance	Bridging LoanBridging Loan
Deposit (25%)	£187,500£187,500
Stamp Duty & Legal Fees	£48,700£48,700
Refurb Costs	£68,381£68,381
Bridging Loan Interest	£19,688£19,688
Total Cash In	£326,019£326,019

Cash Out
Monetisation	FlipRefinance & RentRefinance & Rent
Revaluation	£862,850£862,850
Mortgage (After Refinance)	£647,138£647,138
Mortgage LTV	75%75%
Cash Released	£84,638£84,638
Cash Left In	£241,381£241,381
Equity	£215,713£215,713
Rent Range	£1,600 - £5,500£1,600 - £5,500
Rent Estimate	£2,662
Running Costs/mo	£3,249£3,249
Cashflow/mo	£-587£-587
Cashflow/yr	£-7,042£-7,042
Gross Yield	4%4%

Local Sold Prices

50 sold prices from £383.2K to £1.4M, average is £843.8K. £3.6K/m² to £11K/m², average is £6.7K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£775K	08/22	0 mi	163, Woolstone Road, London, Greater London SE23 2TG	-	-	4	Semi-Detached House
£1.2M	01/23	0.03 mi	23, Allenby Road, London, Greater London SE23 2RQ	£10,168	119	4	Detached House
£990K	12/20	0.03 mi	17, Allenby Road, London, Greater London SE23 2RQ	£7,267	136	4	Semi-Detached House
£1.2M	12/21	0.09 mi	1, Garlies Road, Forest Hill, London, Greater London SE23 2RU	-	-	4	Detached House
£1.2M	11/20	0.09 mi	5, Garlies Road, London, Greater London SE23 2RU	£6,073	191	4	Detached House
£1.1M	06/21	0.16 mi	5, Pearfield Road, London, Greater London SE23 2LP	£7,055	163	4	Detached House
£685K	11/20	0.16 mi	174, Cranston Road, Forest Hill, London, Greater London SE23 2EY	£5,569	123	4	Terraced House
£750K	12/22	0.16 mi	50, Priestfield Road, London, Greater London SE23 2RS	£8,681	86	4	Terraced House
£1.3M	01/23	0.18 mi	50, Woolstone Road, London, Greater London SE23 2SG	£9,082	139	4	Detached House
£690K	09/21	0.19 mi	25, Hawkesfield Road, London, Greater London SE23 2TN	-	-	4	Terraced House
£700K	12/20	0.19 mi	77, Hawkesfield Road, London, Greater London SE23 2TN	£5,303	132	4	Terraced House
£805K	12/22	0.19 mi	27, Hawkesfield Road, London, Greater London SE23 2TN	£8,825	91	4	Terraced House
£660K	05/23	0.22 mi	27, Levendale Road, Forest Hill, London, Greater London SE23 2TP	-	-	4	Terraced House
£850K	02/23	0.23 mi	16, Como Road, London, Greater London SE23 2JJ	£5,629	151	4	Terraced House
£717.5K	02/21	0.24 mi	23, Lutwyche Road, London, Greater London SE6 4EP	£8,542	84	4	Terraced House
£800K	05/21	0.24 mi	59, Queenswood Road, London, Greater London SE23 2QR	£7,143	112	4	Terraced House
£525K	03/21	0.26 mi	181, Perry Hill, London, Greater London SE6 4HE	£4,730	111	4	Terraced House
£837.5K	07/22	0.28 mi	35, Trilby Road, London, Greater London SE23 2DP	£6,979	120	4	Detached House
£780K	05/21	0.28 mi	8, Cibber Road, London, Greater London SE23 2EF	£5,612	139	4	Terraced House
£775K	03/21	0.29 mi	2b, Woolstone Road, London, Greater London SE23 2SG	£5,616	138	4	Terraced House
£850K	06/23	0.29 mi	32, Trilby Road, London, Greater London SE23 2DN	£11,039	77	4	Terraced House
£875K	07/23	0.3 mi	66, De Frene Road, London, Greater London SE26 4AG	£10,938	80	4	Terraced House
£1.1M	03/21	0.3 mi	17, Gaynesford Road, London, Greater London SE23 2UQ	£10,185	108	4	Semi-Detached House
£985K	01/21	0.3 mi	12, Gaynesford Road, London, Greater London SE23 2UQ	£6,156	160	4	Semi-Detached House
£1.1M	12/20	0.3 mi	36, Gaynesford Road, London, Greater London SE23 2UQ	£6,636	165	4	Semi-Detached House
£1.1M	06/23	0.3 mi	147, Perry Vale, London, Greater London SE23 2JB	£6,498	165	4	Semi-Detached House
£645K	12/22	0.32 mi	210, Perry Rise, London, Greater London SE23 2QT	£5,244	123	4	Terraced House
£756K	02/23	0.34 mi	20, Clowders Road, London, Greater London SE6 4DA	£5,771	131	4	Semi-Detached House
£880K	11/21	0.35 mi	69, Cranston Road, Forest Hill, London, Greater London SE23 2HA	£7,213	122	4	Semi-Detached House
£867.5K	11/20	0.35 mi	34, Elsinore Road, London, Greater London SE23 2SL	£5,561	156	4	Terraced House
£465K	06/21	0.36 mi	136, Polecroft Lane, London, Greater London SE6 4EG	-	-	4	Terraced House
£785K	12/20	0.36 mi	35, Kilmorie Road, London, Greater London SE23 2SS	£5,992	131	4	Terraced House
£763K	10/23	0.37 mi	66, Winsford Road, London, Greater London SE6 4LX	£8,478	90	4	Semi-Detached House
£400K	07/23	0.4 mi	17b, Church Rise, London, Greater London SE23 2UD	£3,571	112	4	Terraced House
£870K	10/21	0.4 mi	4, Kemble Road, Forest Hill, London, Greater London SE23 2DJ	£6,084	143	4	Semi-Detached House
£855K	05/21	0.45 mi	166, Stanstead Road, Forest Hill, London, Greater London SE23 1BZ	-	-	4	Semi-Detached House
£870K	01/21	0.46 mi	30, Northwood Road, London, Greater London SE23 2HR	£6,397	136	4	Terraced House
£915K	12/20	0.46 mi	22, Northwood Road, London, Greater London SE23 2HR	£6,783	135	4	Terraced House
£1.3M	10/23	0.47 mi	9, Burghill Road, London, Greater London SE26 4HJ	£8,075	161	4	Semi-Detached House
£955K	10/21	0.47 mi	45, Burghill Road, London, Greater London SE26 4HJ	£7,022	136	4	Terraced House
£910K	09/23	0.47 mi	49, Burghill Road, London, Greater London SE26 4HJ	£6,454	141	4	Terraced House
£1.0M	07/23	0.48 mi	23, Westbourne Drive, London, Greater London SE23 2UP	£8,065	124	4	Semi-Detached House
£708.5K	04/21	0.5 mi	60, Silverdale, London, Greater London SE26 4SJ	-	-	4	Semi-Detached House
£545K	09/21	0.51 mi	83, Datchet Road, London, Greater London SE6 4BZ	£5,142	106	4	Semi-Detached House
£590K	11/22	0.54 mi	58, St German's Road, London, Greater London SE23 1RX	£3,882	152	4	Semi-Detached House
£1.3M	03/22	0.57 mi	10, Albion Villas Road, London, Greater London SE26 4DB	£10,081	124	4	Detached House
£515K	11/21	0.59 mi	13, Paddock Close, London, Greater London SE26 4SS	-	-	4	Terraced House
£625K	06/23	0.6 mi	36, Addington Grove, London, Greater London SE26 4JX	£6,767	92	4	Detached House
£1.4M	09/21	0.6 mi	5, Redberry Grove, London, Greater London SE26 4DA	-	-	4	Detached House
£383.2K	01/24	0.62 mi	425, Southend Lane, London, Greater London SE26 5BH	-	-	4	Terraced House

Local Rents

49 rents from £1.6K/mo to £5.5K/mo, average is £2.7K/mo.

Rent	Date	Distance	Address	Beds	Type
£1,850	08/24	0.08 mi	Perry Vale, London, SE23	3	Flat
£2,695	08/24	0.11 mi	Perry Rise, London, SE23	3	Terraced House
£3,200	10/24	0.16 mi	-	4	Terraced House
£2,450	11/24	0.17 mi	-	3	Terraced House
£2,400	03/25	0.17 mi	-	3	Terraced House
£2,100	08/24	0.18 mi	-	3	Flat
£2,500	08/24	0.19 mi	Houston Road, Forest Hill, London, SE23	3	Terraced House
£1,750	08/24	0.22 mi	Elsinore Road London SE23	3	Flat
£2,200	01/25	0.23 mi	-	3	Flat
£2,500	08/24	0.23 mi	Houston Road, Forest Hill, SE23	3	Flat
£1,850	10/24	0.24 mi	-	3	Flat
£2,950	09/24	0.25 mi	-	4	Terraced House
£3,100	08/24	0.25 mi	Nyon Grove, London, SE6	4	Terraced House
£2,350	08/24	0.26 mi	Perry Hill, London, SE6	4	Terraced House
£3,000	01/25	0.27 mi	-	5	Semi-Detached House
£4,500	08/24	0.28 mi	Vancouver road, SE23	3	Flat
£3,000	08/24	0.29 mi	Loxton Road, Forest Hill, London, SE23	4	House
£2,600	08/24	0.29 mi	-	3	Detached House
£2,300	01/25	0.31 mi	-	3	Flat
£2,695	08/24	0.31 mi	Church View, Sunderland Road, London, SE23	4	Flat
£2,195	08/24	0.31 mi	Broadmead, London, SE6	3	Terraced House
£2,250	11/23	0.33 mi	Adamsrill Road, Sydenham, SE26	3	House
£2,600	08/24	0.34 mi	Saxon Terrace Catford SE6	4	Flat
£2,250	02/25	0.35 mi	-	3	Flat
£2,200	02/25	0.35 mi	-	3	Flat
£2,650	04/25	0.35 mi	-	3	Flat
£2,695	04/25	0.35 mi	-	3	Terraced House
£5,500	04/25	0.36 mi	-	7	Terraced House
£3,000	08/24	0.36 mi	Sunderland Road, London, SE23	4	Terraced House
£2,400	02/25	0.37 mi	-	3	Terraced House
£2,250	08/24	0.37 mi	Colfe Road, London, SE23	3	Flat
£3,350	03/25	0.37 mi	-	4	Terraced House
£3,350	04/25	0.38 mi	-	4	Terraced House
£2,900	08/24	0.38 mi	Sunderland Road, Forest Hill, SE23	4	Flat
£2,800	08/24	0.39 mi	Sunderland Road, London, SE23	4	Flat
£2,950	08/24	0.4 mi	-	4	Flat
£2,950	08/24	0.4 mi	Catford, London, SE6	4	Flat
£2,995	08/24	0.41 mi	Church Rise, London, SE23	4	Flat
£2,995	08/24	0.41 mi	Church Rise, London, SE23	4	Flat
£4,500	08/24	0.41 mi	Church Rise, Forest Hill, London, SE23	4	Flat
£2,300	08/24	0.42 mi	-	3	Semi-Detached House
£3,500	08/24	0.43 mi	Kilmorie Road, London, SE23	4	Terraced House
£5,000	10/24	0.43 mi	-	6	Semi-Detached House
£2,700	08/24	0.43 mi	Rubens Street London SE6	4	House
£2,450	08/24	0.43 mi	-	3	Flat
£2,750	08/24	0.44 mi	Dacres Road, Forest Hill, London, SE23	3	Flat
£4,000	04/25	0.44 mi	-	3	Flat
£1,600	08/24	0.45 mi	Perry Vale, Forest Hill, SE23	3	Flat
£2,000	08/24	0.45 mi	Holmshaw Close, London, SE26	3	Flat

Local Area Statistics

Population in SE23	33,68233,682
Population in London	4,771,9214,771,921
Town centre distance	6.97 miles away6.97 miles away
Nearest school	0.20 miles away0.20 miles away
Nearest train station	0.57 miles away0.57 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	+13%+13%
Sales demand	Balanced marketBalanced market
Capital growth (5yrs)	+4%+4%

Property History

Listed for £750,000

September 7, 2024

Floor Plans

Description

1380 Sqft +
Good Local Schools +
Impressive Transport Links +
Outstanding Local Schools +
Private Garden +
Good Local Shops +

The Property
A charming 4 bedroom semi-detached house situated on a popular residential road in Forest Hill and just a 13 minute walk to Forest Hill Station for services to London Bridge and Canada Water (Jubilee Line). There are a number of Ofsted 'Outstanding' ranked primary schools less than a 10 minute walk away. The property benefits from a good range of local shops and restaurants. The house has been well maintained but is now ready for modernisation. At 1380 sqft, there is plenty of 'elbow room' and the proportions are great - the balance of space works really well.

Property Description Disclaimer

This is a general description of the property only, and is not intended to constitute part of an offer or contract. It has been verified by the seller(s), unless marked as 'draft'. Purplebricks conducts some valuations online and some of our customers prepare their own property descriptions, so if you decide to proceed with a viewing or an offer, please note this information may have been provided solely by the vendor, and we may not have been able to visit the property to confirm it. If you require clarification on any point then please contact us, especially if you’re traveling some distance to view. All information should be checked by your solicitor prior to exchange of contracts. Successful buyers will be required to complete anti-money laundering checks. Our partner, Lifetime Legal Limited, will carry out the initial checks on our behalf. The current non-refundable cost is £80 inc. VAT per offer. You’ll need to pay this to Lifetime Legal and complete all checks before we can issue a memorandum of sale. The cost includes obtaining relevant data and any manual checks and monitoring which might be required, and includes a range of benefits. Purplebricks will receive some of the fee taken by Lifetime Legal to compensate for its role in providing these checks.