3 Bed Terraced House, Refurb/BRRR, London, SW19 2SZ, £450,000

New Close, London, SW19 2SZ - 3 views - 6 months ago

Sold STC
Refurb/BRRR
ROI: 1%
~93 m²
+3 photos

ValuationFair Value

Sold Prices£220K - £900K
Sold Prices/m²£4.4K/m² - £9K/m²

 

 

Square Metres

~93 m²
Price/m²£4.8K/m²

Value Estimate

£454,500

 

 

End Value (After Refurb)

£539,000

Uplift in Value

+20%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£112,500

Stamp Duty & Legal Fees

£24,700

Refurb Costs

£49,214

Bridging Loan Interest

£11,813

Total Cash In

£199,976

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£539,000

Mortgage (After Refinance)

£404,250

Mortgage LTV

75%

Cash Released

£66,750

Cash Left In

£133,226

Equity

£134,750

Rent Range

£1,600 - £3,900

Rent Estimate

£2,391

Running Costs/mo

£2,183

Cashflow/mo

£208

Cashflow/yr

£2,501

ROI

1%

Gross Yield

6%

Local Sold Prices

50 sold prices from £220K to £900K, average is £520K. £4.4K/m² to £9K/m², average is £6.1K/m².

PriceDateDistanceAddressBeds 
£730K07/230.25 mi225, Phipps Bridge Road, London, Greater London SW19 2SS3
£405K06/230.3 mi63, Belgrave Walk, Mitcham, Greater London CR4 3QQ3
£539K01/210.3 mi60, Haslemere Avenue, Mitcham, Greater London CR4 3BA3
£515K07/210.33 mi22, Homefield Gardens, Mitcham, Greater London CR4 3BY3
£416K03/210.33 mi35, Sycamore Gardens, Mitcham, Greater London CR4 3QP3
£580K08/210.35 mi20, Dreadnought Close, London, Greater London SW19 2TA3
£575K11/230.35 mi33, Sheldrick Close, London, Greater London SW19 2UG3
£452.5K01/210.37 mi48, Bank Avenue, Mitcham, Greater London CR4 3DU3
£525K05/230.38 mi39, Abbotsbury Road, Morden, Greater London SM4 5LJ3
£438K02/210.39 mi27, Bank Avenue, Mitcham, Greater London CR4 3DW3
£575.3K02/230.41 mi16, Oakwood Avenue, Mitcham, Greater London CR4 3DP3
£440K04/210.41 mi54, Glebe Avenue, Mitcham, Greater London CR4 3DY3
£605K04/230.42 mi33, Bayham Road, Morden, Greater London SM4 5JH3
£500K03/230.43 mi37, Ashtree Avenue, Mitcham, Greater London CR4 3DS3
£410K04/210.43 mi31, Glebe Avenue, Mitcham, Greater London CR4 3DZ3
£375K03/210.43 mi49, Glebe Avenue, Mitcham, Greater London CR4 3DZ3
£220K03/230.44 mi20, Church Path, Mitcham, Greater London CR4 3BN3
£411.1K11/210.44 mi22, Church Path, Mitcham, Greater London CR4 3BN3
£470K11/200.44 mi9, Beeleigh Road, Morden, Greater London SM4 5JP3
£465K03/210.45 mi10, Lewis Road, Mitcham, Greater London CR4 3DE3
£550K02/230.46 mi18, Beeleigh Road, Morden, Greater London SM4 5JW3
£468K05/210.46 mi19, Beeleigh Road, Morden, Greater London SM4 5JP3
£510K03/210.47 mi18, Hogarth Crescent, London, Greater London SW19 2DW3
£525K04/230.48 mi63, Hogarth Crescent, London, Greater London SW19 2DN3
£655K01/230.48 mi139, Wandle Road, Morden, Greater London SM4 6AA3
£560K06/210.49 mi27, Willow View, London, Greater London SW19 2UR3
£450K02/210.49 mi88, Beeleigh Road, Morden, Greater London SM4 5JW3
£485K04/210.5 mi30, Central Road, Morden, Greater London SM4 5RT3
£837K06/230.51 mi88, Sandbourne Avenue, Merton Park, London, Greater London SW19 3EN3
£550K11/220.51 mi39, Mount Road, Mitcham, Greater London CR4 3EZ3
£430K10/210.51 mi15, Frimley Gardens, Mitcham, Greater London CR4 3AQ3
£410K05/210.51 mi11, Frimley Gardens, Mitcham, Greater London CR4 3AQ3
£560K05/230.51 mi15, Hazelwood Avenue, Morden, Greater London SM4 5RS3
£431.8K03/210.51 mi10a, Lewis Road, Mitcham, Greater London CR4 3DE3
£750K12/200.52 mi17, Sandbourne Avenue, Merton Park, London, Greater London SW19 3EW3
£620K01/240.53 mi15, Parkleigh Road, London, Greater London SW19 3BU3
£560K12/200.53 mi3, Palestine Grove, London, Greater London SW19 2QN3
£560K06/210.54 mi30, Hazelwood Avenue, Morden, Greater London SM4 5RR3
£462K12/200.54 mi92, Abbotsbury Road, Morden, Greater London SM4 5JY3
£773K01/240.55 mi75, Sandbourne Avenue, Merton Park, London, Greater London SW19 3EH3
£750K06/210.56 mi80, Kenley Road, London, Greater London SW19 3DS3
£605K06/210.56 mi2, Palestine Grove, London, Greater London SW19 2QN3
£375K05/210.57 mi3, Morden Gardens, Mitcham, Greater London CR4 4DH3
£495K05/230.57 mi26, Morden Gardens, Mitcham, Greater London CR4 4DH3
£438.3K11/200.57 mi15, Morden Gardens, Mitcham, Greater London CR4 4DH3
£475K05/230.57 mi33, Morden Gardens, Mitcham, Greater London CR4 4DH3
£900K01/230.58 mi17, Charminster Avenue, London, Greater London SW19 3EL3
£750K06/210.58 mi49, Grasmere Avenue, London, Greater London SW19 3DY3
£540K06/210.6 mi10, Arras Avenue, Morden, Greater London SM4 6DF3
£850K11/210.6 mi36, Charnwood Avenue, London, Greater London SW19 3EJ3

Local Rents

45 rents from £1.6K/mo to £3.9K/mo, average is £2.3K/mo.

RentDateDistanceAddressBeds 
£2,30009/240.07 miNew Close, Colliers Wood, London, SW193
£2,00010/240.08 mi-3
£1,85005/240.11 miPhipps Bridge Road, Mitcham, CR43
£2,30003/250.12 mi-3
£1,80005/240.13 mi-3
£1,80005/240.13 mi-3
£2,50012/240.16 miSaxonbury Close, MITCHAM3
£2,70003/250.2 mi-3
£2,20003/250.24 mi-3
£2,20003/250.24 mi-3
£2,20003/250.24 mi-3
£2,50003/250.25 mi-3
£2,35012/240.38 mi-3
£1,97503/240.39 miOakwood Avenue, MITCHAM3
£2,40003/240.4 mi-3
£1,80005/240.4 miOakwood Avenue, Colliers Wood Borders3
£2,85001/250.41 mi-3
£2,50012/240.42 mi-3
£2,40012/240.42 mi-3
£1,95005/240.43 miMiles Road, Mitcham, Surrey, CR43
£2,40003/240.45 miRodney Road, MITCHAM3
£1,90008/240.46 mi-3
£2,40003/240.46 miRodney Road, Mitcham, Surrey, CR43
£2,30003/250.5 mi-3
£2,00005/240.51 miLewis Road, Tooting3
£2,20003/250.52 mi-3
£3,90009/240.52 miSandbourne Avenue, London, SW193
£3,90009/240.52 mi-3
£2,45002/250.53 mi-3
£2,75004/250.53 mi-3
£2,65010/240.54 mi-3
£2,80009/240.54 mi-3
£2,25008/240.54 miHazelwood Avenue, Morden, SM43
£2,53003/250.54 mi-3
£2,50008/240.54 miAbbotsbury Road, Morden, Morden3
£2,10004/250.55 mi-3
£1,79908/240.56 mi-3
£2,60009/240.56 miRunnymede, Colliers Wood, London, SW193
£2,60009/240.58 mi-3
£1,80009/240.58 miLiberty Avenue, Colliers Wood, London, SW193
£2,75009/240.59 miGrasmere Avenue, Wimbledon3
£2,20009/240.6 miBordesley Road, Morden, SM43
£2,60009/240.6 mi-3
£1,60003/250.6 mi-3
£1,60004/250.6 mi-3

Local Area Statistics

Population in SW19

77,441

Population in London

4,771,921

Town centre distance

9.16 miles away

Nearest school

0.20 miles away

Nearest train station

0.11 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+9%

Sales demand

Balanced market

Capital growth (5yrs)

+4%

Property History

Listed for £450,000

September 23, 2024

Floor Plans

Description

  • Conservatory +
  • Driveway +
  • Oppurtunity add the value with a loft extention +
  • SW19 Location +
  • Close to Tandem Shopping Centre +

SUMMARY
A unique three-bedroom terraced home is now on the market, perfect for first-time buyers, investors, and individuals looking for buy-to-let options.

DESCRIPTION
A distinctive three-bedroom terrace property is currently available, ideal for first-time buyers, investors, and those interested in buy-to-let opportunities. This residence offers excellent potential for renovations, including a loft conversion or kitchen extension. It features three bedrooms, a reception room, a conservatory, and a spacious stone-paved garden. Entering this property, on the ground floor, you are invited into a large reception area, moving towards the rear of the property there is a wooden, upper level and base level cabinet, kitchen. Behind the kitchen is a sizeable conservatory that leads to the substantial, stone paved garden. The first floor provides three immense, commodious bedrooms that has enough space for all bedroom essentials. This unique home is conveniently situated near the Tandem Centre in Colliers Wood, with direct bus services to Morden underground station, which offers Northern line access to central London.

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, Morden

020 3906 1025

Next Steps?

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

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