3 Bed Semi-Detached House, Planning Permission, London, SE25 4DZ, £680,000

Warminster Road, South Norwood, London, SE25 4DZ - 5 views - 7 months ago

Sold STC
Planning
~93 m²
+8 photos

ValuationOvervalued

Sold Prices£361K - £960K
Sold Prices/m²£3.8K/m² - £9.4K/m²

 

 

Square Metres

~93 m²
Price/m²£7.3K/m²

Value Estimate

£488,960

 

 

End Value (After Refurb)

£600,000

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£170,000

Stamp Duty & Legal Fees

£43,100

Refurb Costs

£49,200

Bridging Loan Interest

£17,850

Total Cash In

£281,900

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£600,000

Mortgage (After Refinance)

£450,000

Mortgage LTV

75%

Cash Left In

£281,900

Equity

£150,000

Rent Range

£1,575 - £2,750

Rent Estimate

£2,224

Running Costs/mo

£2,340

Cashflow/mo

£-116

Cashflow/yr

£-1,390

Gross Yield

4%

Local Sold Prices

50 sold prices from £361K to £960K, average is £555K. £3.8K/m² to £9.4K/m², average is £5.3K/m².

PriceDateDistanceAddressBeds 
£455K06/210.04 mi56, Warminster Road, London, Greater London SE25 4DZ3
£447K11/200.1 mi3, Avenue Gardens, London, Greater London SE25 4EB3
£480K06/210.15 mi9, Pittville Gardens, London, Greater London SE25 4DJ3
£392.5K06/210.15 mi31, Pittville Gardens, London, Greater London SE25 4DJ3
£642.5K09/230.18 mi51, Selby Road, London, Greater London SE20 8ST3
£544K12/210.18 mi6a, Lancaster Road, London, Greater London SE25 4AQ3
£618K01/230.18 mi83, Lancaster Road, London, Greater London SE25 4BL3
£540K02/210.18 mi79, Lancaster Road, London, Greater London SE25 4BL3
£600K01/230.2 mi51, Southern Avenue, South Norwood, London, Greater London SE25 4BS3
£600K11/200.21 mi22, Court Road, London, Greater London SE25 4BN3
£789K06/230.21 mi43, Court Road, London, Greater London SE25 4BN3
£630K12/200.23 mi46, Southern Avenue, London, Greater London SE25 4BS3
£565K06/210.23 mi57, Southern Avenue, London, Greater London SE25 4BS3
£400K06/230.26 mi1, Tovil Close, London, Greater London SE20 8SY3
£370K05/210.29 mi26, Beverley Road, London, Greater London SE20 8SJ3
£685K06/210.29 mi13, Woodvale Avenue, London, Greater London SE25 4AD3
£610K06/210.3 mi18, Southern Avenue, South Norwood, London, Greater London SE25 4BT3
£577.5K05/210.3 mi60, Norhyrst Avenue, London, Greater London SE25 4BZ3
£520K12/200.31 mi5, Norhyrst Avenue, London, Greater London SE25 4BY3
£425K10/220.32 mi23, Weighton Road, London, Greater London SE20 8TN3
£525K05/210.32 mi16, Howden Road, London, Greater London SE25 4AS3
£576K11/200.32 mi38, Howden Road, London, Greater London SE25 4AS3
£640K02/210.32 mi31, Howden Road, London, Greater London SE25 4AS3
£545K11/210.33 mi39, Cambridge Road, London, Greater London SE20 7XJ3
£520K06/210.33 mi56, Cambridge Road, London, Greater London SE20 7XL3
£600K06/210.33 mi63, Auckland Road, London, Greater London SE19 2DR3
£960K07/220.33 mi47, Auckland Road, London, Greater London SE19 2DR3
£361K03/210.35 mi135, Regina Road, London, Greater London SE25 4TR3
£583.3K02/210.35 mi118, South Norwood Hill, London, Greater London SE25 6AQ3
£430K10/200.35 mi4, Thornsett Place, London, Greater London SE20 7XD3
£657.5K08/210.37 mi15, Sunset Gardens, London, Greater London SE25 4AX3
£700K06/210.39 mi220, South Norwood Hill, London, Greater London SE25 6AS3
£525K11/220.4 mi16, Seymour Villas, London, Greater London SE20 8TU3
£515K06/210.4 mi38, Lincoln Road, London, Greater London SE25 4HQ3
£666K07/220.41 mi46, Cypress Road, London, Greater London SE25 4AU3
£450K02/220.41 mi88, Cambridge Road, London, Greater London SE20 7XL3
£600K01/210.41 mi42, Cypress Road, London, Greater London SE25 4AU3
£675K03/210.41 mi38, Cypress Road, London, Greater London SE25 4AU3
£700K06/210.41 mi220, South Norwood Hill, London, Greater London SE25 6AS3
£490K07/230.43 mi16, Sunnycroft Road, London, Greater London SE25 4TB3
£425K11/200.43 mi16, Sunnycroft Road, London, Greater London SE25 4TB3
£601.5K08/210.43 mi90, Sunny Bank, South Norwood, London, Greater London SE25 4TG3
£425K01/210.44 mi10, Lincoln Road, London, Greater London SE25 4HQ3
£611K01/230.44 mi4, Lincoln Road, London, Greater London SE25 4HQ3
£620K05/230.44 mi6, Acorn Gardens, London, Greater London SE19 2DD3
£565K06/210.44 mi5, Acorn Gardens, London, Greater London SE19 2DD3
£515K12/210.44 mi33, Lincoln Road, London, Greater London SE25 4HG3
£520K04/230.44 mi9, Lincoln Road, London, Greater London SE25 4HG3
£510K03/230.45 mi9, Elder Oak Close, London, Greater London SE20 8BJ3
£450K06/230.45 mi7, Elder Oak Close, London, Greater London SE20 8BJ3

Local Rents

41 rents from £1.6K/mo to £2.8K/mo, average is £2.2K/mo.

RentDateDistanceAddressBeds 
£2,00008/240.05 miWarminster Road, South Norwood, London, SE253
£2,30009/240.11 mi-3
£2,10008/240.17 miLancaster Road, London, Greater London, SE253
£2,20008/240.2 miCourt Road, London, SE253
£2,00010/240.24 mi-3
£2,00008/240.25 mi-3
£2,75008/240.26 mi-3
£2,20004/250.33 mi-3
£2,00004/250.34 mi-3
£2,65008/240.36 miSunset Gardens, London, SE253
£2,65008/240.37 miSunset Gardens, London, SE253
£1,90008/240.39 miSylvan Road London SE193
£2,00008/240.4 mi-3
£1,90010/240.41 mi-3
£2,40008/240.41 miSunny Bank, London, SE253
£2,05011/240.42 mi-3
£2,35008/240.45 miElder Oak Close London SE203
£2,00008/240.47 miHambrook Road, London, SE253
£2,40008/240.49 miOliver Avenue, South Norwood, London, SE253
£2,40008/240.49 mi-3
£2,30008/240.49 miAlbert Road, SE253
£2,40008/240.5 miOliver Avenue, London, SE253
£2,20001/250.52 mi-3
£2,50011/240.54 mi-3
£2,50002/250.55 mi-3
£2,30002/240.55 mi-3
£1,95003/250.55 mi-3
£2,20008/240.58 miAddison Road, London3
£1,93008/240.58 mi-3
£1,89503/250.58 mi-3
£2,35008/240.58 mi-3
£2,60002/250.59 mi-3
£2,10008/240.59 mi-3
£1,90008/240.59 miCresswell Road, London3
£1,80003/250.6 mi-3
£2,75009/240.6 mi-3
£2,26001/250.6 mi-3
£1,57511/240.6 mi-3
£2,15008/240.61 miBrooklyn, Anerley, SE203
£2,15008/240.61 mi-3
£1,70004/250.62 mi-3

Local Area Statistics

Population in SE25

34,495

Population in London

4,771,921

Town centre distance

8.57 miles away

Nearest school

0.40 miles away

Nearest train station

0.59 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-6%

Sales demand

Balanced market

Capital growth (5yrs)

+15%

Property History

Listed for £680,000

September 24, 2024

Floor Plans

Description

  • 3 Bedroom Extended Semi Detached House +
  • 3 Reception Rooms +
  • Garage and Off Street Parking +
  • Retains Many Original Features +
  • Potential Scope for Loft Extension +
  • Chain Free Sale +
  • Perfect Location for South Norwood Lakes +
  • Norwood Junction & High Street Shops Close By +

Fabulous Opportunity to create a wonderful family home as this spacious house has many original features which these days is fairly unique. With three bedrooms and three reception rooms this extended property has even more potential to grow with a loft conversion , subject to usual planning permission and could also be extended to the side over the garage space again subject to planning. With its huge potential this lovely property would ideally suit a growing family and is located just a short walk from the popular South Norwood Lakes and Norwood Junction with its varied High Street shops and restaurants. Additional benefits are a first floor bathroom together with downstairs shower room and utility area leading directly onto the garden. With a garage and off street parking this chain free semi detached house must be viewed internally to fully appreciate the size and opportunity to add value.

Agent Details

Penge Estates, Covering South East London

020 3835 3895

Next Steps?

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