4 Bed Terraced House, Refurb/BRRR, London, SE14 5QZ, £550,000

412 Leylang Road, London, SE14 5QZ - 9 views - 8 months ago

Auction
Refurb/BRRR
~129 m²
+12 photos

ValuationFair Value

Sold Prices£374K - £1.6M
Sold Prices/m²£5.6K/m² - £19.5K/m²

 

 

Square Metres

~129.26 m²
Price/m²£4.3K/m²

Value Estimate

£561,000

 

 

End Value (After Refurb)

£938,396

Uplift in Value

+71%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£137,500

Stamp Duty & Legal Fees

£32,700

Refurb Costs

£68,490

Bridging Loan Interest

£14,438

Total Cash In

£254,877

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Estimated Sale Price

£938,396

Agent Fees (1%)

£9,384

Bridging Loan

£412,500

Bridging Loan Interest

£14,438

Flip Profit

£261,635

Local Sold Prices

50 sold prices from £374K to £1.6M, average is £1.0M. £5.6K/m² to £19.5K/m², average is £7.5K/m².

PriceDateDistanceAddressBeds 
£675K02/230.1 mi5, Joseph Hardcastle Close, London, Greater London SE14 5RN4
£660K03/210.14 mi24, Hunsdon Road, London, Greater London SE14 5RE4
£890K06/210.25 mi211, New Cross Road, London, Greater London SE14 5UH4
£585K02/210.26 mi33, Ludwick Mews, London, Greater London SE14 6NG4
£605K03/210.3 mi27, Ludwick Mews, London, Greater London SE14 6NF4
£1.3M03/210.4 mi49, Erlanger Road, London, Greater London SE14 5TF4
£1.6M09/210.42 mi46, Erlanger Road, London, Greater London SE14 5TG4
£1.3M02/210.42 mi34, Erlanger Road, London, Greater London SE14 5TG4
£1.1M05/230.43 mi49, Musgrove Road, London, Greater London SE14 5PP4
£1.4M08/220.47 mi23, Ommaney Road, New Cross, London, Greater London SE14 5NS4
£1.3M12/200.49 mi47, Ommaney Road, London, Greater London SE14 5NS4
£1.6M01/230.5 mi20, York Grove, London, Greater London SE15 2NY4
£1.3M01/210.51 mi91, Erlanger Road, London, Greater London SE14 5TQ4
£1.6M12/220.51 mi104, Erlanger Road, London, Greater London SE14 5TH4
£1.6M07/220.54 mi72, Jerningham Road, London, Greater London SE14 5NW4
£1.5M09/210.54 mi70, Jerningham Road, London, Greater London SE14 5NW4
£1.4M06/210.54 mi16, Arbuthnot Road, London, Greater London SE14 5NP4
£1.5M01/220.55 mi61, Pepys Road, London, Greater London SE14 5SA4
£1.0M02/230.57 mi29, St Donatts Road, London, Greater London SE14 6NU4
£826K07/230.6 mi58, Barriedale, London, Greater London SE14 6RF4
£1.3M03/210.62 mi156, Erlanger Road, London, Greater London SE14 5TJ4
£1.1M12/220.62 mi63, Kings Grove, London, Greater London SE15 2NA4
£713K02/230.63 mi17, Shardeloes Road, London, Greater London SE14 6NZ4
£400K12/220.66 mi1, Rolt Street, London, Greater London SE8 5PP4
£730K06/210.69 mi72, Barriedale, London, Greater London SE14 6RG4
£374K12/200.7 miThe Lower Ground Floor Flat At, 9, Montpelier Road, London, Greater London SE15 2HB4
£875K01/210.7 mi33, Montpelier Road, London, Greater London SE15 2HB4
£1.1M03/220.7 mi18, Evelina Road, London, Greater London SE15 2DX4
£1.1M06/230.72 mi37, Hollydale Road, London, Greater London SE15 2TE4
£1.5M09/210.72 mi112, St Marys Road, London, Greater London SE15 2DU4
£850K07/230.73 mi60, Malpas Road, London, Greater London SE4 1BS4
£900K10/220.73 mi1a, Scawen Road, London, Greater London SE8 5AG4
£958K01/210.75 mi14, Kitto Road, London, Greater London SE14 5TW4
£1.1M11/200.76 mi21, Ansdell Road, London, Greater London SE15 2DT4
£1.1M09/210.77 mi17, Wallbutton Road, London, Greater London SE4 2NX4
£935K11/210.78 mi21, Drakefell Road, London, Greater London SE14 5SL4
£935K11/210.78 mi21, Drakefell Road, London, Greater London SE14 5SL4
£717K03/210.79 mi10, Millmark Grove, London, Greater London SE14 6RQ4
£710K11/200.79 mi19, Millmark Grove, London, Greater London SE14 6RL4
£745K06/210.8 mi121, Brayards Road, London, Greater London SE15 2BX4
£875K04/210.85 mi111, Drakefell Road, Brockley, London, Greater London SE4 2DT4
£1.3M12/220.87 mi17, St Asaph Road, London, Greater London SE4 2ED4
£1.4M06/220.87 mi61, Brayards Road, London, Greater London SE15 2BQ4
£995K12/220.88 mi224, Drakefell Road, Brockley, London, Greater London SE4 2DR4
£575K05/210.89 mi42, Albury Street, London, Greater London SE8 3PS4
£965K03/210.91 mi109, Upper Brockley Road, London, Greater London SE4 1TF4
£1.2M02/230.91 mi25, Albury Street, London, Greater London SE8 3PT4
£725K12/200.93 mi63, Kimberley Avenue, London, Greater London SE15 3XB4
£873K06/210.94 mi33, Buchan Road, London, Greater London SE15 3HQ4
£1.1M02/210.95 mi1, Machell Road, London, Greater London SE15 3XQ4

Local Rents

49 rents from £1.9K/mo to £6.2K/mo, average is £3.3K/mo.

RentDateDistanceAddressBeds 
£4,00008/240 miLeylang Road, Hatcham Park Conservation Area, London, SE144
£2,60008/240 miLeylang Road, New Cross, London, SE144
£3,65008/240 miLeylang Road, London , SE144
£6,20008/240.05 mi-3
£4,00010/240.05 mi-5
£3,30008/240.05 miCamplin Street, London, SE144
£2,39508/240.05 miCamplin Street, London, SE143
£4,05008/240.06 miBrocklehurst Street, London , SE145
£3,00008/240.06 miLeylang Road, SE143
£3,40011/230.07 miRobert Lowe Close, London , SE144
£1,85008/240.07 miJoseph Hardcastle Close, New Cross, SE143
£4,20008/240.07 miBrocklehurst Road, London, SE145
£3,90009/240.07 mi-5
£3,40010/240.07 mi-5
£3,90004/250.07 mi-5
£3,80008/240.07 miJoseph Hardcastle Close, New Cross, SE144
£4,20011/240.07 mi-4
£4,00008/240.09 miMonson Road, New Cross, SE144
£4,25008/240.09 miMonson Road, London , SE145
£2,85002/240.09 mi-4
£2,95002/240.09 mi-4
£3,20008/240.1 miMonson Road, London, SE144
£2,80002/240.1 mi-4
£3,20011/230.11 miMonson Road, New Cross, London, SE144
£2,20008/240.12 miJoseph Hardcastle Close, New Cross, London, SE143
£2,55008/240.12 miJoseph Hardcastle Close, New Cross, London, SE143
£2,55008/240.12 miJoseph Hardcastle Close, New Cross, London, SE143
£4,25010/240.13 mi-5
£4,50009/240.13 miBillington Road, London, SE145
£2,50004/250.15 mi-4
£2,50003/250.15 mi-4
£4,45008/240.16 miWrigglesworth Street, London5
£4,45008/240.16 miWrigglesworth Street, London5
£1,85008/240.16 miCold Blow Lane, New Cross, London, SE143
£3,50008/240.16 miWrigglesworth Street London SE143
£2,40008/240.16 miSterling Gardens , London , SE143
£3,00008/240.16 miBillington Road, London, SE143
£3,00001/250.16 mi-3
£3,25009/240.17 mi-4
£3,70009/240.17 mi-4
£3,25009/240.17 mi-4
£3,70008/240.17 miWrigglesworth Street, London, SE144
£3,45009/240.17 miWrigglesworth Street, London, SE144
£2,15008/240.17 miHatcham Park Road, London, SE143
£2,85008/240.17 miTarragon Close, London, SE143
£2,35008/240.18 miNew Cross Road, London, SE143
£3,26008/240.18 miHunsdon Road, London, SE145
£3,26010/240.18 mi-5
£2,70008/240.19 miHatcham Park Road, London, SE143

Local Area Statistics

Population in SE14

24,781

Population in London

4,771,921

Town centre distance

4.32 miles away

Nearest school

0.10 miles away

Nearest train station

0.28 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-4%

Sales demand

Buyer's market

Capital growth (5yrs)

+26%

Property History

Listed for £550,000

September 10, 2024

Sold for £320,000

2008

Sold for £150,000

2001

Floor Plans

Description

  • Being sold via Secure Sale online bidding. Terms & Conditions apply. +
  • Prime renovation and investment opportunity +
  • Victorian conversion currently arranged as 2 separate flats +
  • Desirable location +

This Victorian conversion, currently arranged as two separate flats, presents a prime renovation opportunity and an excellent investment prospect.

Being Sold via Secure Sale online bidding. Terms & Conditions apply. Starting Bid £550,000

Situated close to the lively neighbourhoods of Queens Road and New Cross, the property benefits from a highly desirable location. New Cross Gate station is less than a 10-minute walk away, providing convenient transport links, while a short stroll will take you to Telegraph Hill Park, where you can enjoy a peaceful retreat in nature and take in stunning views of the city.

Council tax band - B
Freehold

Auctioneers Additional Comments
Pattinson Auction are working in Partnership with the marketing agent on this online auction sale and are referred to below as 'The Auctioneer'.

This auction lot is being sold either under conditional (Modern) or unconditional (Traditional) auction terms and overseen by the auctioneer in partnership with the marketing agent.

The property is available to be viewed strictly by appointment only via the Marketing Agent or The Auctioneer. Bids can be made via the Marketing Agents or via The Auctioneers website.

Please be aware that any enquiry, bid or viewing of the subject property will require your details being shared between both any marketing agent and The Auctioneer in order that all matters can be dealt with effectively.

The property is being sold via a transparent online auction.
In order to submit a bid upon any property being marketed by The Auctioneer, all bidders/buyers will be required to adhere to a verification of identity process in accordance with Anti Money Laundering procedures. Bids can be submitted at any time and from anywhere.
Our verification process is in place to ensure that AML procedure are carried out in accordance with the law.

A Legal Pack associated with this particular property is available to view upon request and contains details relevant to the legal documentation enabling all interested parties to make an informed decision prior to bidding. The Legal Pack will also outline the buyers’ obligations and sellers’ commitments. It is strongly advised that you seek the counsel of a solicitor prior to proceeding with any property and/or Land Title purchase.

Auctioneers Additional Comments
In order to secure the property and ensure commitment from the seller, upon exchange of contracts the successful bidder will be expected to pay a non-refundable deposit equivalent to 5% of the purchase price of the property. The deposit will be a contribution to the purchase price. A non-refundable reservation fee of up to 6% inc VAT (subject to a minimum of 6,000 inc VAT) is also required to be paid upon agreement of sale. The Reservation Fee is in addition to the agreed purchase price and consideration should be made by the purchaser in relation to any Stamp Duty Land Tax liability associated with overall purchase costs.

Both the Marketing Agent and The Auctioneer may believe necessary or beneficial to the customer to pass their details to third party service suppliers, from which a referral fee may be obtained. There is no requirement or indeed obligation to use these recommended suppliers or services.

Agent Details

Gareth James Property, South East London

020 3834 8094

Next Steps?

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