2 Bed Flat, Refurb/BRRR, London, SW16 6JX, £225,000

Lewin Road, London, SW16 6JX - 88 views - 7 months ago

Sold STC
Leasehold
Refurb/BRRR
~68 m²
+12 photos

ValuationFair Value

Sold Prices£272.5K - £761.5K
Sold Prices/m²£4.1K/m² - £10.7K/m²

 

 

Square Metres

~68 m²
Price/m²£3.3K/m²

Value Estimate

£227,250

 

 

End Value (After Refurb)

£476,000

Uplift in Value

+112%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£56,250

Stamp Duty & Legal Fees

£7,950

Refurb Costs

£35,984

Bridging Loan Interest

£5,906

Total Cash In

£107,840

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Estimated Sale Price

£476,000

Agent Fees (1%)

£4,760

Bridging Loan

£168,750

Bridging Loan Interest

£5,906

Flip Profit

£194,650

Local Sold Prices

50 sold prices from £272.5K to £761.5K, average is £414K. £4.1K/m² to £10.7K/m², average is £7K/m².

PriceDateDistanceAddressBeds 
£558K11/200.11 mi62, Barrow Road, London, Greater London SW16 5PG2
£445K06/210.12 mi75, Natal Road, Streatham, London, Greater London SW16 6JA2
£408.5K10/210.14 mi97, Pathfield Road, London, Greater London SW16 5PA2
£275K08/210.17 miFirst Floor Flat, 48, Greyhound Lane, London, Greater London SW16 5RP2
£507K08/230.17 mi151, Gleneagle Road, Streatham, London, Greater London SW16 6AZ2
£455K07/230.17 mi139b, Gleneagle Road, Streatham, London, Greater London SW16 6AZ2
£755K04/210.18 mi33, Hambro Road, London, Greater London SW16 6JD2
£407K12/200.18 mi22a, Edgington Road, London, Greater London SW16 5BS2
£373K11/210.18 miFlat A, 70, Eardley Road, London, Greater London SW16 6BL2
£590K05/210.2 miFlat A, 182, Gleneagle Road, Streatham, London, Greater London SW16 6BA2
£387K03/210.21 miFlat 22, Elphinstone Court, Barrow Road, Streatham, London, Greater London SW16 5NG2
£415K06/210.22 miSecond Floor Flat, 17, Tankerville Road, London, Greater London SW16 5LL2
£400K01/210.26 mi16a, Streatham Vale, London, Greater London SW16 5TE2
£500K11/210.26 miGround Floor Flat At, 76, Ellison Road, London, Greater London SW16 5BY2
£315K09/210.26 mi9b, Blegborough Road, London, Greater London SW16 6DL2
£325K06/210.27 mi87, Leverson Street, London, Greater London SW16 6DG2
£413K02/210.27 mi63a, Leverson Street, London, Greater London SW16 6DG2
£420K06/210.29 mi48a, Westcote Road, London, Greater London SW16 6BW2
£360K11/200.3 mi100, Fernthorpe Road, London, Greater London SW16 6DR2
£393.5K12/210.3 mi52, Fernthorpe Road, London, Greater London SW16 6DR2
£425K03/210.3 mi33, Fernthorpe Road, London, Greater London SW16 6DP2
£520K07/210.31 miFlat A, 43, Kempshott Road, Streatham, London, Greater London SW16 5LJ2
£469K07/230.32 miThe Upper Flat, 63, Fallsbrook Road, London, Greater London SW16 6DU2
£372.5K06/230.34 mi103a, Leverson Street, London, Greater London SW16 6DF2
£420K11/210.34 miFlat 3, 94, Gleneagle Road, London, Greater London SW16 6AF2
£380K11/210.36 miFlat 7, Wilmington Court, Tankerville Road, London, Greater London SW16 5LN2
£327K10/210.37 miFlat 6, Clive Court, Babington Road, London, Greater London SW16 6AL2
£352.5K12/200.39 miFlat 10, Shelburne House, Fayland Avenue, London, Greater London SW16 1SX2
£363.8K06/210.41 mi16a, Penwortham Road, London, Greater London SW16 6RE2
£426K11/200.45 miFlat 8, Newlands Court, Streatham Common North, London, Greater London SW16 3HH2
£400K02/210.45 miFlat B, 18, Baldry Gardens, London, Greater London SW16 3DJ2
£490K04/230.46 mi18a, Kettering Street, London, Greater London SW16 6QA2
£450K01/210.46 mi14a, Kettering Street, London, Greater London SW16 6QA2
£385K08/230.47 miFlat 6, Merton Lodge, Farnan Road, London, Greater London SW16 2EY2
£371.5K05/210.47 mi38, Arragon Gardens, London, Greater London SW16 5LX2
£480K03/210.48 miGround Floor Flat, 25, Arragon Gardens, London, Greater London SW16 5LY2
£320K11/200.48 miFlat 14, Grierson House, Aldrington Road, London, Greater London SW16 1TN2
£321.5K01/210.48 miFlat 10, Grierson House, Aldrington Road, London, Greater London SW16 1TN2
£750K02/210.5 mi47, Moyser Road, London, Greater London SW16 6RW2
£444.5K04/230.52 miGround Floor Flat, 39, Ribblesdale Road, London, Greater London SW16 6SF2
£272.5K02/210.52 mi87, Hopton Road, London, Greater London SW16 2EL2
£324.3K12/200.53 miFlat 9, Busby House, Aldrington Road, London, Greater London SW16 1TZ2
£416K10/210.54 mi20a, Ribblesdale Road, London, Greater London SW16 6SE2
£440K02/230.54 mi137, Ellison Road, London, Greater London SW16 5DE2
£538K02/210.54 mi35, Fernwood Avenue, London, Greater London SW16 1RD2
£328K07/230.55 mi367a, Streatham High Road, London, Greater London SW16 3NY2
£615K11/210.56 mi1, Thirlmere Road, London, Greater London SW16 1QW2
£550K09/210.56 mi3a, Nimrod Road, London, Greater London SW16 6SZ2
£761.5K05/210.58 mi29, Streatham Common North, London, Greater London SW16 3HP2
£340K09/210.6 miFlat A, 27, Tooting Bec Gardens, London, Greater London SW16 1QY2

Local Rents

50 rents from £1.5K/mo to £3.1K/mo, average is £1.9K/mo.

RentDateDistanceAddressBeds 
£1,80002/250 mi-2
£1,95001/250.05 mi-2
£1,80009/240.06 mi-2
£1,75009/240.06 mi-2
£1,70009/240.11 miEstreham Road, Streatham2
£1,75012/240.12 mi-2
£2,10009/240.13 miNatal Road, London SW162
£1,90010/240.14 mi-2
£2,00009/240.15 miEstreham Road, SW162
£1,90009/240.15 miLewin Road, Streatham2
£1,80011/240.16 mi-2
£1,75009/240.16 mi-2
£1,75009/240.16 miEardley Road, London, SW162
£1,60003/250.17 mi-2
£1,60002/240.17 mi-2
£1,90010/240.18 mi-2
£1,55009/240.2 miEardley Road, Streatham2
£1,87210/240.21 mi-2
£2,15002/250.22 mi-2
£2,00002/250.22 mi-2
£2,35009/240.22 miStreatham High Road, Streatham Common, London, SW162
£1,87509/240.24 miBarrow Road, Streatham2
£3,15001/250.24 mi-2
£1,75009/240.24 miEllora Road, Streatham2
£1,59012/240.25 mi-2
£2,25003/250.25 mi-2
£1,75009/240.26 miOakdene Court, Streatham2
£2,35009/240.26 miDerry Court, London, SW162
£2,35009/240.26 mi-2
£1,75002/250.26 mi-2
£1,75009/240.27 miFairmile Avenue Streatham SW162
£2,00002/250.27 mi-2
£1,90001/250.27 mi-2
£1,70004/250.28 mi-2
£2,10009/240.28 miDerry Court, Streatham High Road, London, SW162
£2,10012/240.28 mi-2
£1,60002/250.28 mi-2
£2,10012/240.28 mi-2
£1,85009/240.29 mi-2
£1,85009/240.29 mi-2
£2,00009/240.3 miFernthorpe Road, Furzedown, London, SW162
£2,20009/240.3 miBesley Street, Streatham2
£1,85002/250.3 mi-2
£1,95003/250.31 mi-2
£1,85011/240.32 mi-2
£2,30002/240.33 mi-2
£1,99902/250.33 mi-2
£1,52009/240.34 mi-2
£1,70009/240.34 miGleneagle Road, Streatham, SW162
£1,70002/250.34 mi-2

Local Area Statistics

Population in SW16

81,543

Population in London

4,771,921

Town centre distance

7.50 miles away

Nearest school

0.20 miles away

Nearest train station

0.17 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+16%

Sales demand

Balanced market

Capital growth (5yrs)

+17%

Property History

Listed for £225,000

September 9, 2024

Floor Plans

Description

A charming two-bedroom basement apartment in need of modernisation throughout, nestled in a desirable area of London. This unique property boasts a private garden and is offered to the market with no onward chain.

Upon entering the flat, you'll find a spacious layout that provides excellent potential for modernisation. The living area invites light through its generous windows, creating a warm and welcoming ambiance. The kitchen, while functional, presents an exciting opportunity for transformation, allowing new owners to put their personal stamp on the property.

Both bedrooms are generously sized, providing ample space for comfortable living. The apartment's private garden is a standout feature, providing a secluded oasis in the heart of the city, perfect for gardening enthusiasts or simply enjoying a quiet moment outdoors.

Conveniently located, Lewin Road offers easy access to local amenities, including shops, restaurants, and public transport links, ensuring a vibrant lifestyle just a stone’s throw from everything you need. The nearby green spaces provide opportunities for outdoor activities and leisure, making it an ideal spot for families and young professionals.

Don't miss the chance to transform this promising basement flat into your dream home or a lucrative rental investment. With its prime location and potential for modernisation.

Agent Details

Stirling Ackroyd Sales, Streatham

020 3879 5197

Next Steps?

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