2 Bed Flat, Refurb/BRRR, London, SW3 5RX, £800,000

SWAN COURT Chelsea Manor Street, London, Greater London, SW3 5RX - 1 views - 6 months ago

Under Offer

Leasehold

Refurb/BRRR

ROI: 2%

68 m²

+2 photos

ValuationOvervalued

Sold Prices	£350K - £4.6M
Sold Prices/m²	£8.4K/m² - £31.2K/m²

Square Metres	68 m²
Price/m²	£11.8K/m²
Value Estimate	£548,164£548,164

End Value (After Refurb)	£1,196,425£1,196,425
Uplift in Value	+50%+50%

Investment Opportunity

Cash In
Purchase Finance	Bridging LoanBridging Loan
Deposit (25%)	£200,000£200,000
Stamp Duty & Legal Fees	£52,700£52,700
Refurb Costs	£36,006£36,006
Bridging Loan Interest	£21,000£21,000
Total Cash In	£311,456£311,456

Cash Out
Monetisation	FlipRefinance & RentFlip
Estimated Sale Price	£1,196,425£1,196,425
Agent Fees (1%)	£11,964£11,964
Bridging Loan	£600,000£600,000
Bridging Loan Interest	£21,000£21,000
Flip Profit	£273,005£273,005

Local Sold Prices

50 sold prices from £350K to £4.6M, average is £1.2M. £8.4K/m² to £31.2K/m², average is £13.4K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£850K	12/23	0.01 mi	Flat 4, Swan Court, Chelsea Manor Street, London, Greater London SW3 5RT	-	-	2	Flat
£1.2M	09/21	0.01 mi	Flat 54, Swan Court, Chelsea Manor Street, London, Greater London SW3 5RT	-	-	2	Flat
£1.3M	06/23	0.01 mi	Flat 96, Swan Court, Chelsea Manor Street, London, Greater London SW3 5RU	-	-	2	Flat
£1.3M	05/21	0.01 mi	Flat 113, Swan Court, Chelsea Manor Street, London, Greater London SW3 5RY	-	-	2	Flat
£915K	12/21	0.01 mi	Flat 67, Swan Court, Chelsea Manor Street, London, Greater London SW3 5RX	-	-	2	Flat
£500K	03/23	0.01 mi	Flat 91, Swan Court, Chelsea Manor Street, London, Greater London SW3 5RY	-	-	2	Flat
£1.1M	09/23	0.1 mi	93a, Flood Street, London, Greater London SW3 5TB	£16,462	65	2	Flat
£1.7M	08/23	0.11 mi	Upper Maisonette, 25, Redesdale Street, London, Greater London SW3 4BL	£17,784	97	2	Flat
£800K	02/24	0.12 mi	65, Radnor Walk, London, Greater London SW3 4BT	£8,421	95	2	Flat
£1.1M	09/21	0.13 mi	Flat 38, Chesil Court, Chelsea Manor Street, London, Greater London SW3 5QP	-	-	2	Flat
£890K	06/21	0.13 mi	Flat 42, Chesil Court, Chelsea Manor Street, London, Greater London SW3 5QP	-	-	2	Flat
£1.4M	11/20	0.13 mi	Garden Maisonette, 105, Oakley Street, London, Greater London SW3 5NR	-	-	2	Flat
£620K	03/21	0.14 mi	Flat 67, Chesil Court, Chelsea Manor Street, London, Greater London SW3 5QS	-	-	2	Flat
£620K	06/21	0.14 mi	Flat 74, Chesil Court, Chelsea Manor Street, London, Greater London SW3 5QS	£11,698	53	2	Flat
£620K	06/21	0.14 mi	Flat 74, Chesil Court, Chelsea Manor Street, London, Greater London SW3 5QS	£11,698	53	2	Flat
£2.0M	01/21	0.14 mi	105, Flood Street, London, Greater London SW3 5TD	-	-	2	Flat
£1.3M	01/21	0.15 mi	First Floor Flat, 43, Tedworth Square, London, Greater London SW3 4DW	-	-	2	Flat
£950K	05/21	0.15 mi	Flat 22, Britten House, Britten Street, London, Greater London SW3 3UB	-	-	2	Flat
£1.6M	01/23	0.19 mi	Flat 2, Rossetti Garden Mansions, Flood Street, London, Greater London SW3 5QY	-	-	2	Flat
£875K	06/23	0.21 mi	Ground Floor Flat, 18, Bramerton Street, London, Greater London SW3 5JX	£16,264	54	2	Flat
£1.3M	03/21	0.23 mi	Flat 1, Astell House, Astell Street, London, Greater London SW3 3RX	-	-	2	Flat
£1.6M	12/20	0.28 mi	34a, Tite Street, London, Greater London SW3 4JA	£22,222	72	2	Flat
£1.0M	10/23	0.28 mi	Flat 2, Kings Mansions, Lawrence Street, London, Greater London SW3 5ND	-	-	2	Flat
£1.5M	09/23	0.31 mi	Flat B, 2, Anderson Street, London, Greater London SW3 3LU	-	-	2	Flat
£1.4M	05/23	0.31 mi	First And Second Floor Flat, 20, Walpole Street, London, Greater London SW3 4QP	-	-	2	Flat
£1.7M	08/23	0.32 mi	Flat 164, Cranmer Court, Whiteheads Grove, London, Greater London SW3 3HF	-	-	2	Flat
£1.4M	05/21	0.32 mi	Flat 206, Cranmer Court, Whiteheads Grove, London, Greater London SW3 3HG	-	-	2	Flat
£1.7M	06/23	0.32 mi	Flat 53, Cranmer Court, Whiteheads Grove, London, Greater London SW3 3HW	-	-	2	Flat
£1.5M	07/23	0.32 mi	Flat 237, Cranmer Court, Whiteheads Grove, London, Greater London SW3 3HD	-	-	2	Flat
£1.8M	10/20	0.33 mi	15, Anderson Street, London, Greater London SW3 3NH	-	-	2	Flat
£1.2M	03/23	0.34 mi	Flat 77, Cranmer Court, Whiteheads Grove, London, Greater London SW3 3HH	-	-	2	Flat
£1.3M	06/21	0.34 mi	Flat 90, Whitelands House, Cheltenham Terrace, London, Greater London SW3 4RA	-	-	2	Flat
£2.2M	01/23	0.35 mi	Flat 87, Whitelands House, Cheltenham Terrace, London, Greater London SW3 4RA	-	-	2	Flat
£665K	04/23	0.37 mi	Flat 45, Pond House, Pond Place, London, Greater London SW3 6QS	-	-	2	Flat
£1.0M	11/21	0.4 mi	Flat 10, Beaufort House, Beaufort Street, London, Greater London SW3 5AD	£9,857	105	2	Flat
£1.2M	06/21	0.4 mi	Flat 29, Thurloe Court, Fulham Road, London, Greater London SW3 6SB	-	-	2	Flat
£1.4M	09/21	0.4 mi	Flat 21, Thurloe Court, Fulham Road, London, Greater London SW3 6SB	-	-	2	Flat
£592K	04/21	0.41 mi	21, Wiltshire Close, London, Greater London SW3 2NS	£11,608	51	2	Flat
£1.8M	04/21	0.42 mi	7a, Sydney Place, London, Greater London SW7 3NL	-	-	2	Flat
£1.1M	06/23	0.42 mi	Flat 8, York House, Turks Row, London, Greater London SW3 4TH	-	-	2	Flat
£2.2M	02/21	0.42 mi	Flat 19, Culford Mansions, Culford Gardens, London, Greater London SW3 2SS	-	-	2	Flat
£1.5M	02/24	0.43 mi	Beaufort Mansions, Flat 60, Beaufort Street, London, Greater London SW3 5AF	£13,378	111	2	Flat
£4.6M	05/23	0.46 mi	5, Elm Place, London, Greater London SW7 3QH	£31,190	147	2	Flat
£801K	12/20	0.47 mi	7a, Anhalt Road, London, Greater London SW11 4NZ	-	-	2	Flat
£350K	07/23	0.48 mi	The Studio Flat, 106, Beaufort Street, London, Greater London SW3 6BU	-	-	2	Flat
£604.5K	10/23	0.48 mi	First Floor Flat, 104, Beaufort Street, London, Greater London SW3 6BU	£12,337	49	2	Flat
£656K	05/21	0.51 mi	Flat 5, Wedderburn House, Lower Sloane Street, London, Greater London SW1W 8BZ	-	-	2	Flat
£812.5K	04/21	0.52 mi	Lower Ground Floor Flat, 1, Callow Street, London, Greater London SW3 6BJ	-	-	2	Flat
£605K	03/21	0.54 mi	14, Richards Place, London, Greater London SW3 2LA	£16,806	36	2	Flat
£840K	01/23	0.55 mi	Flat 29, Elm Park Mansions, Park Walk, London, Greater London SW10 0AW	-	-	2	Flat

Local Rents

50 rents from £2.3K/mo to £12.6K/mo, average is £4.4K/mo.

Rent	Date	Distance	Address	Beds	Type
£4,000	09/24	0.02 mi	Swan Court, Chelsea Manor Street, SW3	2	Flat
£4,983	09/24	0.06 mi	Kings Road, London, SW3	2	Flat
£4,312	09/24	0.06 mi	Kings Road London SW3	2	Flat
£4,312	09/24	0.06 mi	Kings Road, Chelsea, SW3	2	Flat
£4,983	09/24	0.06 mi	Kings Road, London, SW3	2	Flat
£3,200	03/25	0.09 mi	-	2	Flat
£10,833	09/24	0.09 mi	Radnor Walk, Chelsea, SW3	2	Flat
£4,000	09/24	0.11 mi	-	2	Flat
£4,983	09/24	0.11 mi	-	2	Flat
£4,268	09/24	0.11 mi	-	2	Flat
£4,000	02/25	0.11 mi	-	2	Flat
£4,500	03/25	0.11 mi	-	2	Flat
£4,000	09/24	0.11 mi	Kings Road, London, SW3	2	Flat
£5,000	03/25	0.12 mi	-	2	Flat
£12,567	09/24	0.12 mi	Oakley Street, Chelsea, SW3	2	Flat
£2,950	02/25	0.12 mi	-	2	Flat
£6,890	09/24	0.12 mi	Kings road, Chelsea, London, SW3	2	Flat
£6,283	09/24	0.12 mi	Oakley Street, London, SW3	2	Flat
£2,384	09/24	0.12 mi	Chelsea Manor Street, Chelsea, London, SW3	2	Flat
£6,283	09/24	0.13 mi	Oakley Street, Chelsea, SW3	2	Flat
£6,890	09/24	0.13 mi	Kings Road, Chelsea, SW3	2	Flat
£6,283	09/24	0.13 mi	Oakley Street, Chelsea, SW3	2	Flat
£6,890	09/24	0.14 mi	Kings Road, Chelsea, SW3	2	Flat
£3,792	09/24	0.14 mi	Kings Road, Chelsea, SW3	2	Flat
£6,890	09/24	0.14 mi	-	2	Flat
£5,850	09/24	0.14 mi	Redburn Street, Chelsea, London, SW3	2	Flat
£6,890	09/24	0.14 mi	Kings Road, London, SW3	2	Flat
£6,890	09/24	0.14 mi	Kings Road, London, SW3	2	Flat
£6,500	09/24	0.14 mi	Redburn Street, Chelsea, SW3	2	Flat
£4,400	03/25	0.14 mi	-	2	Flat
£6,284	09/24	0.14 mi	Oakley Street, Chelsea, London, SW3	2	Flat
£12,567	09/24	0.14 mi	Oakley Street, Chelsea, London, SW3	2	Flat
£6,500	09/24	0.14 mi	Redburn Street, London, SW3	2	Flat
£2,850	09/24	0.15 mi	-	2	Flat
£6,478	09/24	0.15 mi	Cavalry Square, Turks Row, London, SW3	2	Flat
£3,683	09/24	0.15 mi	St. Loo Avenue, SW3	2	Flat
£3,250	09/24	0.16 mi	Flood Street, London, SW3	2	Flat
£6,673	09/24	0.17 mi	Pelham Court Mid Term Let SW3	2	Flat
£5,499	09/24	0.17 mi	Britten Street, Chelsea, London, SW3	2	Flat
£4,312	09/24	0.17 mi	Redesdale Street, Chelsea, London, SW3	2	Flat
£2,300	03/25	0.17 mi	-	2	Flat
£4,000	09/24	0.18 mi	Kings Road, Chelsea	2	Flat
£3,250	09/24	0.18 mi	Kings Road, Chelsea	2	Flat
£3,012	09/24	0.19 mi	Christchurch Terrace, London, SW3	2	Flat
£3,683	09/24	0.19 mi	Cheyne Walk, London, SW3	2	Flat
£3,683	09/24	0.19 mi	Cheyne Walk, London, SW3	2	Flat
£3,683	09/24	0.19 mi	Pier House, 31 Cheyne Walk, SW3	2	Flat
£3,683	09/24	0.2 mi	Cheyne Walk, SW3	2	Flat
£3,683	09/24	0.2 mi	Oakley Street, Chelsea, SW3	2	Flat
£2,817	09/24	0.2 mi	Oakley Street, Chelsea, SW3	2	Flat

Local Area Statistics

Population in SW3	22,08622,086
Population in London	4,771,9214,771,921
Town centre distance	3.87 miles away3.87 miles away
Nearest school	0.20 miles away0.20 miles away
Nearest train station	0.57 miles away0.57 miles away

Rental demand	Balanced marketBalanced market
Rental growth (12m)	-16%-16%
Sales demand	Buyer's marketBuyer's market
Capital growth (5yrs)	-9%-9%

Property History

Listed for £800,000

September 25, 2024

Sold for £89,000

2003

Floor Plans

Description

Opportunity to add value by means of refurbishment +
Well proportioned 2 bedroom flat +
Good sized bedroom with fitted wardrobe +
Portered building with lift access +
Separate kitchen with appliances +
Excellent location just off the Kings Road +

Requiring modernisation to add value, this well balanced 2 bedroom flat with lift access is situated on the 2nd floor of a popular portered building and is moments from the Kings Road Chelsea.

Lcated at the northern end of Flood Street, moments from the superb shops and restaurants of London's famous King's Road. The nearest underground station is Sloane Square (District and Circle lines).

Please use the reference CHPK0110977 when contacting Foxtons.

Agent Details

Foxtons, Sloane Square

020 3834 8324

Next Steps?

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

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