2 Bed Flat, Refurb/BRRR, London, SE25 4JL, £300,000

Lonsdale Road, South Norwood, London, SE25 4JL - 7 months ago

Under Offer
Leasehold
Refurb/BRRR
Planning
ROI: 2%
~68 m²
+4 photos

ValuationFair Value

Sold Prices£200K - £640K
Sold Prices/m²£3.4K/m² - £8.8K/m²

 

 

Square Metres

~68.11 m²
Price/m²£4.4K/m²

Value Estimate

£300,000

 

 

End Value (After Refurb)

£362,528

Uplift in Value

+21%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£75,000

Stamp Duty & Legal Fees

£21,200

Refurb Costs

£36,033

Bridging Loan Interest

£7,875

Total Cash In

£141,858

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£362,528

Mortgage (After Refinance)

£271,896

Mortgage LTV

75%

Cash Released

£46,896

Cash Left In

£94,962

Equity

£90,632

Rent Range

£1,250 - £2,250

Rent Estimate

£1,707

Running Costs/mo

£1,494

Cashflow/mo

£213

Cashflow/yr

£2,552

ROI

2%

Gross Yield

7%

Local Sold Prices

50 sold prices from £200K to £640K, average is £327.5K. £3.4K/m² to £8.8K/m², average is £5.6K/m².

PriceDateDistanceAddressBeds 
£350K01/210.03 mi115, Harrington Road, London, Greater London SE25 4NP2
£365K01/210.03 mi36, Archer Road, London, Greater London SE25 4JN2
£300K09/210.03 mi50, Archer Road, London, Greater London SE25 4JN2
£325K01/210.11 mi98, Albert Road, London, Greater London SE25 4JW2
£250K02/210.2 mi14, St Marks Road, London, Greater London SE25 4UH2
£360K01/210.26 mi4, Ingatestone Road, London, Greater London SE25 4LG2
£285K01/210.26 mi3, Ingatestone Road, London, Greater London SE25 4LG2
£386K03/230.26 mi47, Ingatestone Road, London, Greater London SE25 4LG2
£360K08/230.26 mi34, Ingatestone Road, London, Greater London SE25 4LG2
£280K06/230.31 mi11a, Crowther Road, London, Greater London SE25 5QW2
£370K04/210.39 mi85b, Marlow Road, London, Greater London SE20 7XR2
£330K08/210.4 mi60a, Crowther Road, London, Greater London SE25 5QP2
£292.5K12/200.43 mi25a, Lancaster Road, London, Greater London SE25 4BJ2
£415K02/210.43 mi3a, Stembridge Road, London, Greater London SE20 7UE2
£265.5K02/210.45 miFlat 5, Portland Mansions, Portland Road, London, Greater London SE25 4QW2
£318K01/230.45 miFlat 5, Portland Mansions, Portland Road, London, Greater London SE25 4QW2
£265K03/230.46 miFlat 4, Haysleigh House, Croydon Road, London, Greater London SE20 7YT2
£367K05/210.47 mi64a, Enmore Road, London, Greater London SE25 5NG2
£300K11/200.47 mi13, Haysleigh Gardens, London, Greater London SE20 8SS2
£410K05/210.48 mi55a, Tremaine Road, London, Greater London SE20 7UA2
£240K07/230.48 miFlat 13, Impact Court, Stembridge Road, London, Greater London SE20 7UP2
£292.5K04/210.49 miFlat 11, Kendal House, Derwent Road, London, Greater London SE20 7YR2
£385K01/210.5 mi16, Felmingham Road, Anerley, London, Greater London SE20 7YD2
£290K08/210.5 mi21, Cargreen Road, London, Greater London SE25 5AD2
£427.5K05/210.51 mi16a, Tremaine Road, London, Greater London SE20 7TZ2
£333.3K06/210.52 miA, 43, Samos Road, London, Greater London SE20 7TX2
£450K04/230.54 mi11a, Samos Road, London, Greater London SE20 7UQ2
£375K06/210.55 mi23, Bourdon Road, London, Greater London SE20 7SP2
£425K01/210.57 mi6a, Samos Road, Anerley, London, Greater London SE20 7TU2
£400K06/210.57 mi30a, Samos Road, London, Greater London SE20 7TU2
£297.5K02/210.58 mi31a, Southcote Road, London, Greater London SE25 4RG2
£267K01/230.58 mi152, Longheath Gardens, Croydon, Greater London CR0 7TQ2
£640K12/210.59 mi105, Birchanger Road, London, Greater London SE25 5BH2
£365K12/200.59 miFlat 3, Balmoral Court, South Norwood Hill, London, Greater London SE25 6BT2
£362K03/210.59 miFlat 7, Balmoral Court, South Norwood Hill, London, Greater London SE25 6BT2
£320K03/210.62 mi11b, Worbeck Road, London, Greater London SE20 7SW2
£345K03/210.63 mi197, Woodside Green, London, Greater London SE25 5EN2
£265K06/210.63 mi43, St Lukes Close, London, Greater London SE25 4SY2
£273K06/210.63 mi51, St Lukes Close, London, Greater London SE25 4SY2
£289K06/210.63 mi41, St Lukes Close, London, Greater London SE25 4SY2
£272.5K03/210.63 mi62, Selby Road, London, Greater London SE20 8SG2
£423.5K08/210.64 mi223, Ravenscroft Road, Beckenham, Greater London BR3 4TE2
£380K03/210.64 mi214, Birkbeck Road, Beckenham, Greater London BR3 4SX2
£362.5K01/230.66 mi259, Mackenzie Road, Beckenham, Greater London BR3 4SH2
£275K08/210.67 miFlat 1, Shipley Court, Selby Road, London, Greater London SE20 8SE2
£310K11/200.7 mi12, Cranleigh Close, London, Greater London SE20 8TW2
£255K11/200.71 miFlat 29, Sherborne Court, Elmers End Road, London, Greater London SE20 7SL2
£355K01/230.74 mi299, Holmesdale Road, London, Greater London SE25 6PR2
£275K10/200.74 miFlat 2, Woodvale Court, South Norwood Hill, London, Greater London SE25 6AH2
£200K06/210.77 mi7, Coe Avenue, London, Greater London SE25 5HN2

Local Rents

49 rents from £1.3K/mo to £2.3K/mo, average is £1.7K/mo.

RentDateDistanceAddressBeds 
£1,70008/240.03 miArcher road2
£1,30004/250.04 mi-2
£1,70003/250.06 mi-2
£1,65008/240.07 mi-2
£1,60008/240.1 miEldon Park, South Norwood, London, SE252
£1,80002/250.11 mi-2
£1,70008/240.12 mi-2
£2,20008/240.12 mi-2
£2,20008/240.12 mi-2
£2,20008/240.12 mi-2
£1,80008/240.17 miApsley Road, South Norwood, London, SE252
£1,90004/250.17 mi-2
£1,67508/240.2 miAlbert Road, Norwood Junction, SE252
£1,60008/240.21 miRegina Road, London2
£1,72508/240.23 miBrocklesby Road, London2
£1,25011/230.23 miRegina Road, South Norwood, SE252
£1,70008/240.23 miPortland Road, London2
£1,70008/240.23 miPortland Road, London2
£1,65008/240.24 miCoventry Road, London, SE252
£1,65008/240.25 mi-2
£1,65010/240.25 mi-2
£1,65009/240.25 miIngatestone Road, London, SE252
£1,46509/240.25 mi-2
£1,46510/240.25 mi-2
£1,80011/240.26 mi-2
£1,55008/240.26 miIngatestone Road, London, SE252
£1,70004/250.26 mi-2
£1,55008/240.26 miBrocklesby Road, London, SE252
£1,55010/240.26 mi-2
£1,70008/240.28 miWatcombe Road, London2
£1,60008/240.28 miPortland Road, London2
£1,50002/240.29 mi-2
£1,60010/240.29 mi-2
£1,60009/240.29 miPortland Road, London, SE252
£1,60004/250.29 mi-2
£1,50008/240.3 miBalfour Road, South Norwood, SE252
£1,70008/240.3 mi-2
£1,70010/240.3 mi-2
£1,85008/240.3 miKings Road, South Norwood, London, SE252
£1,90008/240.3 miCambridge Road London SE202
£1,40008/240.3 miWheathill Road, London, 2
£2,25008/240.31 mi-2
£1,98010/240.31 mi-2
£2,00008/240.31 miSandown Road, Norwood Junction, SE252
£1,80011/240.31 mi-2
£1,65001/250.32 mi-2
£1,80004/250.32 mi-2
£1,80008/240.32 mi-2
£1,85008/240.32 miAlfred Road, London, SE252

Local Area Statistics

Population in SE25

34,495

Population in London

4,771,921

Town centre distance

9.12 miles away

Nearest school

0.30 miles away

Nearest train station

0.21 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-6%

Sales demand

Balanced market

Capital growth (5yrs)

+15%

Property History

Listed for £300,000

September 25, 2024

Floor Plans

Description

  • Superb 2 bedroom ground floor apartment +
  • Planing permission to extend to a 3 bedroom apartment (23/00874/Ful). +
  • Bay fronted reception room +
  • White bathroom suite +
  • Separate fitted kitchen +
  • Benefits from a utilty room +
  • Well maintained private garden +

Offering bright and spacious interiors, this fantastic 2 bedroom ground floor flat in need of renovation, also benefits from planning permission to extend and convert into a 3 bedroom apartment (23/00874/Ful).

Lonsdale Road is a quiet residential street, situated within a close proximity to the amenities offered in the area, while Norwood Junction rail station is also nearby.

Please use the reference CHPK1178316 when contacting Foxtons.

Agent Details

Foxtons, Crystal Palace

020 3834 8506

Next Steps?

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