4 Bed Terraced House, Refurb/BRRR, London, SE23 2AP, £600,000

Monk Terrace, London, SE23 2AP - 2 views - 7 months ago

Refurb/BRRR
~129 m²
+4 photos

ValuationFair Value

Sold Prices£300K - £1.3M
Sold Prices/m²£3.5K/m² - £11K/m²

 

 

Square Metres

~129.26 m²
Price/m²£4.6K/m²

Value Estimate

£606,000

 

 

End Value (After Refurb)

£834,059

Uplift in Value

+39%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£150,000

Stamp Duty & Legal Fees

£36,700

Refurb Costs

£68,381

Bridging Loan Interest

£15,750

Total Cash In

£272,581

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Estimated Sale Price

£834,059

Agent Fees (1%)

£8,341

Bridging Loan

£450,000

Bridging Loan Interest

£15,750

Flip Profit

£103,137

Local Sold Prices

50 sold prices from £300K to £1.3M, average is £782.5K. £3.5K/m² to £11K/m², average is £6.1K/m².

PriceDateDistanceAddressBeds 
£775K03/210.09 mi2b, Woolstone Road, London, Greater London SE23 2SG4
£465K06/210.11 mi136, Polecroft Lane, London, Greater London SE6 4EG4
£870K01/210.14 mi30, Northwood Road, London, Greater London SE23 2HR4
£915K12/200.14 mi22, Northwood Road, London, Greater London SE23 2HR4
£717.5K02/210.16 mi23, Lutwyche Road, London, Greater London SE6 4EP4
£660K05/230.18 mi27, Levendale Road, Forest Hill, London, Greater London SE23 2TP4
£1.3M01/230.2 mi50, Woolstone Road, London, Greater London SE23 2SG4
£867.5K11/200.25 mi34, Elsinore Road, London, Greater London SE23 2SL4
£690K09/210.25 mi25, Hawkesfield Road, London, Greater London SE23 2TN4
£700K12/200.25 mi77, Hawkesfield Road, London, Greater London SE23 2TN4
£805K12/220.25 mi27, Hawkesfield Road, London, Greater London SE23 2TN4
£785K12/200.27 mi35, Kilmorie Road, London, Greater London SE23 2SS4
£300K06/230.3 mi11, Glenwood Road, London, Greater London SE6 4NF4
£590K11/220.31 mi58, St German's Road, London, Greater London SE23 1RX4
£880K11/210.32 mi69, Cranston Road, Forest Hill, London, Greater London SE23 2HA4
£756K02/230.32 mi20, Clowders Road, London, Greater London SE6 4DA4
£685K11/200.34 mi174, Cranston Road, Forest Hill, London, Greater London SE23 2EY4
£685.5K01/210.36 mi98, Ravensbourne Road, London, Greater London SE6 4UT4
£850K02/230.38 mi16, Como Road, London, Greater London SE23 2JJ4
£775K08/220.38 mi163, Woolstone Road, London, Greater London SE23 2TG4
£545K09/210.39 mi83, Datchet Road, London, Greater London SE6 4BZ4
£675K10/200.39 mi37, Montem Road, London, Greater London SE23 1SH4
£840K12/220.39 mi41, Montem Road, London, Greater London SE23 1SH4
£763K10/230.39 mi66, Winsford Road, London, Greater London SE6 4LX4
£1.2M01/230.4 mi23, Allenby Road, London, Greater London SE23 2RQ4
£990K12/200.4 mi17, Allenby Road, London, Greater London SE23 2RQ4
£855K05/210.41 mi166, Stanstead Road, Forest Hill, London, Greater London SE23 1BZ4
£1.2M12/210.42 mi1, Garlies Road, Forest Hill, London, Greater London SE23 2RU4
£1.2M11/200.42 mi5, Garlies Road, London, Greater London SE23 2RU4
£750K02/210.42 mi54, Blythe Hill Lane, London, Greater London SE6 4UN4
£780K05/210.42 mi8, Cibber Road, London, Greater London SE23 2EF4
£750K12/220.42 mi50, Priestfield Road, London, Greater London SE23 2RS4
£525K03/210.42 mi181, Perry Hill, London, Greater London SE6 4HE4
£762K06/210.42 mi35, Polsted Road, London, Greater London SE6 4YH4
£735K02/210.46 mi1, Casslee Road, London, Greater London SE6 4XH4
£855K01/240.46 mi30, Casslee Road, London, Greater London SE6 4XH4
£795K03/210.48 mi40, Montacute Road, London, Greater London SE6 4XJ4
£837.5K07/220.48 mi35, Trilby Road, London, Greater London SE23 2DP4
£870K10/210.48 mi4, Kemble Road, Forest Hill, London, Greater London SE23 2DJ4
£669.7K02/230.49 mi53, Brockley View, London, Greater London SE23 1SL4
£850K06/230.49 mi32, Trilby Road, London, Greater London SE23 2DN4
£1.1M06/210.54 mi5, Pearfield Road, London, Greater London SE23 2LP4
£865K10/220.56 mi62, Bankhurst Road, London, Greater London SE6 4XN4
£812K06/210.57 mi16, Westdown Road, London, Greater London SE6 4RL4
£812K06/210.57 mi16, Westdown Road, London, Greater London SE6 4RL4
£680K03/210.58 mi16, Bournville Road, London, Greater London SE6 4RN4
£645K12/220.58 mi210, Perry Rise, London, Greater London SE23 2QT4
£1.1M12/220.58 mi6, Herschell Road, London, Greater London SE23 1EG4
£915K03/230.58 mi1, Herschell Road, London, Greater London SE23 1EG4
£580K10/200.59 mi50, Ravensbourne Park Crescent, London, Greater London SE6 4YP4

Local Rents

49 rents from £1.7K/mo to £5K/mo, average is £2.6K/mo.

RentDateDistanceAddressBeds 
£2,20002/250.05 mi-3
£2,25002/250.05 mi-3
£2,60008/240.07 miSaxon Terrace Catford SE64
£2,30001/250.16 mi-3
£2,95008/240.17 mi-4
£2,95008/240.17 miCatford, London, SE64
£1,80008/240.19 miCatford Hill, London, SE63
£1,75008/240.19 miElsinore Road London SE233
£2,20011/240.2 mi-3
£2,60008/240.21 miExbury Road, London, SE6 4ND3
£4,50008/240.23 miVancouver road, SE233
£3,10008/240.23 miNyon Grove, London, SE64
£2,95009/240.23 mi-4
£2,40008/240.26 miTugela Street London SE63
£2,70008/240.29 miRubens Street London SE64
£1,95010/240.3 mi-3
£2,00008/240.31 miRavensbourne Road, London, SE63
£1,80008/240.32 miStanstead Road, London, SE63
£3,50008/240.32 miKilmorie Road, London, SE234
£2,50008/240.33 miHouston Road, Forest Hill, SE233
£3,35004/250.35 mi-4
£3,35003/250.36 mi-4
£2,50008/240.36 miHouston Road, Forest Hill, London, SE233
£3,10008/240.36 miRavensbourne Road, London, SE64
£5,00010/240.36 mi-6
£3,00008/240.36 miLoxton Road, Forest Hill, London, SE234
£2,80008/240.39 miBrockley Park, London, SE234
£2,80009/240.39 mi-4
£2,40012/240.4 mi-3
£2,25008/240.4 miColfe Road, London, SE233
£2,45011/240.42 mi-3
£2,40003/250.42 mi-3
£3,00008/240.42 miBlythe Hill Lane, London, SE64
£2,70004/250.42 mi-3
£2,70004/250.42 mi-3
£3,20010/240.43 mi-4
£2,35008/240.43 miPerry Hill, London, SE64
£2,20001/250.43 mi-3
£1,85008/240.45 miPerry Vale, London, SE233
£2,00008/240.45 mi-3
£2,70004/250.45 mi-3
£2,69508/240.48 miPerry Rise, London, SE233
£3,00003/250.5 mi-3
£1,70003/250.51 mi-3
£2,35008/240.51 mi-3
£2,35008/240.51 miRavensbourne Park, London, SE63
£2,90008/240.52 miSunderland Road, Forest Hill, SE234
£3,00008/240.53 miSunderland Road, London, SE234
£2,00008/240.54 miRavensbourne Park, Catford , London, SE63

Local Area Statistics

Population in SE23

33,682

Population in London

4,771,921

Town centre distance

6.86 miles away

Nearest school

0.20 miles away

Nearest train station

0.54 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+13%

Sales demand

Balanced market

Capital growth (5yrs)

+4%

Property History

Listed for £600,000

September 23, 2024

Floor Plans

Description

  • 4 Bedroom +
  • 3 Bathrooms +
  • Town House +
  • Chain Free +
  • Double Glazing +
  • Gas Central Heating +

SUMMARY
In need of modernisation is this 4 bedroom terrace Town House, offered to the market with no onward chain.

DESCRIPTION
Barnard Marcus are proud to present this 4 bedroom terrace Town House to the market. This property comprises of; 2 Double Bedrooms on the Ground Floor with a Shower Room, First Floor consists of a larger than average Living Room and a good size Kitchen. On the third floor you will find the master bedroom with an En-Suite, further double bedroom and a family bathroom. This property benefits from Double Glazing, Gas Central Heating and no onward chain.

- Tenant on a shorthold AST which expires 22.09.2025, passing rent of £1400pcm

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, Sydenham

020 3840 3720

Next Steps?

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