2 Bed Flat, Refurb/BRRR, London, SE28 0LL, £250,000





ValuationFair Value
Sold Prices | £108.5K - £580K |
Sold Prices/m² | £3.4K/m² - £6.5K/m² |
| |
Square Metres | ~68.11 m² |
Price/m² | £3.7K/m² |
Value Estimate | £255,000£255,000 |
| |
End Value (After Refurb) | £314,874£314,874 |
Uplift in Value | +26%+26% |
Investment Opportunity
Cash In | |
Purchase Finance | Bridging LoanBridging Loan |
Deposit (25%) | £62,500£62,500 |
Stamp Duty & Legal Fees | £8,700£8,700 |
Refurb Costs | £36,000£36,000 |
Bridging Loan Interest | £6,563£6,563 |
Total Cash In | £115,513£115,513 |
| |
Cash Out | |
Monetisation | FlipRefinance & RentRefinance & Rent |
Revaluation | £314,874£314,874 |
Mortgage (After Refinance) | £236,155£236,155 |
Mortgage LTV | 75%75% |
Cash Released | £48,655£48,655 |
Cash Left In | £66,857£66,857 |
Equity | £78,718£78,718 |
Rent Range | £1,300 - £3,800£1,300 - £3,800 |
Rent Estimate | £1,808 |
Running Costs/mo | £1,366£1,366 |
Cashflow/mo | £442£442 |
Cashflow/yr | £5,309£5,309 |
ROI | 5%5% |
Gross Yield | 9%9% |
Local Sold Prices
50 sold prices from £108.5K to £580K, average is £307.8K. £3.4K/m² to £6.5K/m², average is £4.6K/m².
Price | Date | Distance | Address | Price/m² | m² | Beds | Type | |
£260K | 08/21 | 0.15 mi | 10, Hill View Drive, London, Greater London SE28 0LH | - | - | 2 | Flat | |
£260K | 04/23 | 0.19 mi | 4, Marathon Way, London, Greater London SE28 0JH | £4,325 | 60 | 2 | Flat | |
£273K | 09/22 | 0.2 mi | 43, Battery Road, London, Greater London SE28 0JL | £4,403 | 62 | 2 | Flat | |
£260K | 01/21 | 0.25 mi | 37, Miles Drive, London, Greater London SE28 0NE | £3,662 | 71 | 2 | Flat | |
£197.5K | 10/20 | 0.27 mi | Flat 6, Charlesmere Gardens, Thames Reach, Thamesmead, London, Greater London SE28 0NG | - | - | 2 | Flat | |
£283.5K | 09/22 | 0.27 mi | 20, Warrior Close, London, Greater London SE28 0NL | £3,831 | 74 | 2 | Flat | |
£295K | 10/22 | 0.27 mi | 23, Warrior Close, London, Greater London SE28 0NL | £3,970 | 74 | 2 | Flat | |
£265K | 03/23 | 0.29 mi | Flat 26, Trident House, Merbury Road, West Thamesmead, London, Greater London SE28 0NB | - | - | 2 | Flat | |
£245K | 11/22 | 0.3 mi | 253, Tideslea Path, London, Greater London SE28 0NH | £3,657 | 67 | 2 | Flat | |
£310K | 04/21 | 0.31 mi | 226, Tideslea Path, London, Greater London SE28 0NH | £4,799 | 65 | 2 | Flat | |
£273K | 11/20 | 0.37 mi | Flat 5, Tideham House, Merbury Close, London, Greater London SE28 0LW | - | - | 2 | Flat | |
£235K | 03/23 | 0.38 mi | 104, Waterside Close, London, Greater London SE28 0GS | £4,123 | 57 | 2 | Flat | |
£310K | 08/21 | 0.61 mi | 23, Erebus Drive, London, Greater London SE28 0GB | £5,910 | 52 | 2 | Flat | |
£334K | 08/23 | 0.69 mi | 62, Pier Way, London, Greater London SE28 0GP | £6,549 | 51 | 2 | Flat | |
£325K | 07/23 | 0.69 mi | 64, Pier Way, London, Greater London SE28 0GP | £6,019 | 54 | 2 | Flat | |
£314K | 11/22 | 0.69 mi | 71, Pier Way, London, Greater London SE28 0GQ | - | - | 2 | Flat | |
£265K | 06/21 | 0.7 mi | 65, Pier Way, London, Greater London SE28 0GQ | £5,059 | 52 | 2 | Flat | |
£285K | 07/23 | 0.78 mi | 40, Garrick Drive, London, Greater London SE28 0EQ | £5,182 | 55 | 2 | Flat | |
£275K | 07/23 | 0.82 mi | Flat 2, Eastgate House, Allenby Road, London, Greater London SE28 0BL | - | - | 2 | Flat | |
£213K | 02/21 | 0.82 mi | 37, Cookhill Road, London, Greater London SE2 9PD | £3,610 | 59 | 2 | Flat | |
£328.9K | 10/22 | 0.85 mi | Flat 14, Wilson Court, Allenby Road, London, Greater London SE28 0AL | £4,916 | 67 | 2 | Flat | |
£322K | 11/22 | 0.85 mi | Flat 7, Wilson Court, Allenby Road, London, Greater London SE28 0AL | - | - | 2 | Flat | |
£325K | 06/23 | 0.85 mi | Flat 11, Wilson Court, Allenby Road, London, Greater London SE28 0AL | - | - | 2 | Flat | |
£114K | 05/21 | 0.85 mi | Flat 13, Wilson Court, Allenby Road, London, Greater London SE28 0AL | - | - | 2 | Flat | |
£255K | 05/21 | 0.86 mi | 4, Bylands Close, London, Greater London SE2 9PQ | £3,446 | 74 | 2 | Flat | |
£340K | 12/22 | 0.88 mi | 119, Erebus Drive, London, Greater London SE28 0GB | £5,667 | 60 | 2 | Flat | |
£108.5K | 10/22 | 0.88 mi | Flat 30, Long Acre House, Pettacre Close, London, Greater London SE28 0PA | - | - | 2 | Flat | |
£282.4K | 10/20 | 0.88 mi | Flat 37, Long Acre House, Pettacre Close, London, Greater London SE28 0PA | - | - | 2 | Flat | |
£400K | 11/21 | 0.88 mi | 62, Inverness Mews, London, Greater London E16 2SP | £4,141 | 97 | 2 | Flat | |
£325K | 10/22 | 0.88 mi | 16, Pettacre Close, London, Greater London SE28 0AR | £5,702 | 57 | 2 | Flat | |
£330K | 06/23 | 0.89 mi | 75, Pettacre Close, London, Greater London SE28 0BX | £5,893 | 56 | 2 | Flat | |
£470K | 10/21 | 0.9 mi | Apartment 193, Building 50, Argyll Road, London, Greater London SE18 6PL | - | - | 2 | Flat | |
£465K | 04/23 | 0.9 mi | Apartment 223, Building 50, Argyll Road, London, Greater London SE18 6PL | - | - | 2 | Flat | |
£330K | 11/22 | 0.9 mi | 52, Pettacre Close, London, Greater London SE28 0GX | £5,238 | 63 | 2 | Flat | |
£215K | 05/21 | 0.92 mi | 38, Combwell Crescent, London, Greater London SE2 9NB | £4,057 | 53 | 2 | Flat | |
£205K | 06/21 | 0.92 mi | 36, Combwell Crescent, London, Greater London SE2 9NB | £3,727 | 55 | 2 | Flat | |
£440K | 05/21 | 0.93 mi | Apartment 194, Building 50, Argyll Road, London, Greater London SE18 6PL | - | - | 2 | Flat | |
£405K | 09/21 | 0.93 mi | Apartment 296, Building 50, Argyll Road, London, Greater London SE18 6PP | - | - | 2 | Flat | |
£455K | 07/23 | 0.93 mi | Apartment 27, Building 50, Argyll Road, London, Greater London SE18 6PG | - | - | 2 | Flat | |
£467.5K | 11/21 | 0.93 mi | Apartment 209, Building 50, Argyll Road, London, Greater London SE18 6PL | - | - | 2 | Flat | |
£485K | 04/21 | 0.93 mi | Apartment 126, Building 50, Argyll Road, London, Greater London SE18 6PJ | - | - | 2 | Flat | |
£450K | 03/23 | 0.93 mi | Apartment 69, Building 50, Argyll Road, London, Greater London SE18 6PG | - | - | 2 | Flat | |
£307.5K | 04/21 | 0.93 mi | Flat 5, Paddle Steamer House, Pettacre Close, London, Greater London SE28 0PD | - | - | 2 | Flat | |
£308K | 01/23 | 0.93 mi | Flat 8, Paddle Steamer House, Pettacre Close, London, Greater London SE28 0PD | - | - | 2 | Flat | |
£313K | 01/23 | 0.93 mi | Flat 12, Paddle Steamer House, Pettacre Close, London, Greater London SE28 0PD | £4,639 | 67 | 2 | Flat | |
£290K | 04/23 | 0.94 mi | 113, Felixstowe Court, London, Greater London E16 2RS | £4,603 | 63 | 2 | Flat | |
£580K | 02/23 | 0.94 mi | Flat 33, Building 49, Argyll Road, London, Greater London SE18 6XB | - | - | 2 | Flat | |
£247K | 01/23 | 0.95 mi | 279, Greenhaven Drive, Thamesmead, London, Greater London SE28 8FY | £4,395 | 56 | 2 | Flat | |
£282K | 06/21 | 0.95 mi | 28, Swansea Court, London, Greater London E16 2RT | £6,072 | 46 | 2 | Flat | |
£450K | 03/21 | 0.96 mi | Flat 29, Building 49, Argyll Road, London, Greater London SE18 6XB | - | - | 2 | Flat |
Local Rents
50 rents from £1.3K/mo to £3.8K/mo, average is £1.7K/mo.
Rent | Date | Distance | Address | Beds | Type | |
£1,650 | 08/24 | 0.17 mi | Martins Place, West Thamesmead, London SE28 | 2 | Terraced House | |
£1,800 | 11/24 | 0.18 mi | - | 2 | Flat | |
£1,650 | 10/24 | 0.18 mi | - | 2 | Terraced House | |
£1,750 | 08/24 | 0.2 mi | Marathon Way, Thamesmead, London | 2 | Flat | |
£1,495 | 03/25 | 0.21 mi | - | 2 | Flat | |
£2,000 | 09/24 | 0.25 mi | Miles Close, West Thamesmead, SE28 | 2 | Flat | |
£2,000 | 09/24 | 0.25 mi | - | 2 | Flat | |
£1,600 | 10/24 | 0.26 mi | - | 2 | Flat | |
£1,830 | 02/25 | 0.26 mi | - | 2 | Terraced House | |
£1,750 | 08/24 | 0.27 mi | - | 2 | Semi-Detached House | |
£1,800 | 08/24 | 0.27 mi | Warrior Close, London, SE28 | 2 | Flat | |
£1,600 | 08/24 | 0.27 mi | - | 2 | Flat | |
£1,550 | 08/24 | 0.27 mi | - | 2 | Flat | |
£1,700 | 09/24 | 0.27 mi | - | 2 | Flat | |
£1,700 | 10/24 | 0.27 mi | - | 2 | Flat | |
£1,550 | 11/24 | 0.27 mi | - | 2 | Flat | |
£1,700 | 03/25 | 0.27 mi | - | 2 | Flat | |
£1,800 | 10/24 | 0.27 mi | - | 2 | Flat | |
£1,800 | 08/24 | 0.27 mi | West Thamesmead, London, SE28 | 2 | Flat | |
£1,850 | 10/24 | 0.28 mi | - | 2 | Flat | |
£1,850 | 11/24 | 0.28 mi | - | 2 | Flat | |
£1,625 | 01/25 | 0.28 mi | - | 2 | Flat | |
£1,599 | 03/25 | 0.28 mi | - | 2 | Flat | |
£1,850 | 08/24 | 0.28 mi | Trident House, Merbury Road, West Thamesmead, London, SE28 0NB | 2 | Flat | |
£1,650 | 02/25 | 0.28 mi | - | 2 | Flat | |
£1,800 | 11/24 | 0.28 mi | - | 2 | Flat | |
£1,600 | 12/24 | 0.28 mi | - | 2 | Flat | |
£1,700 | 12/24 | 0.28 mi | - | 2 | Flat | |
£1,700 | 02/25 | 0.28 mi | - | 2 | Flat | |
£1,900 | 01/25 | 0.3 mi | - | 2 | Flat | |
£1,800 | 08/24 | 0.3 mi | Tideslea Path, Thamesmead West, SE28 0NH | 2 | Flat | |
£1,695 | 08/24 | 0.3 mi | Tideslea Path, West Thamesmead, London SE28 | 2 | Flat | |
£1,800 | 03/25 | 0.3 mi | - | 2 | Terraced House | |
£1,800 | 09/24 | 0.31 mi | - | 2 | Terraced House | |
£1,300 | 01/25 | 0.31 mi | - | 2 | Flat | |
£1,900 | 08/24 | 0.31 mi | Tideslea Path, London, SE28 | 2 | Flat | |
£2,000 | 03/25 | 0.31 mi | - | 2 | Flat | |
£1,700 | 08/24 | 0.33 mi | - | 2 | Terraced House | |
£1,600 | 08/24 | 0.34 mi | Tideslea Path, West Thamesmead, SE28 0LY | 2 | Flat | |
£1,550 | 08/24 | 0.34 mi | Tideslea Path, London, Greater London, SE28 | 2 | Flat | |
£1,700 | 08/24 | 0.36 mi | Tideslea Path, Woolwich, SE28 | 2 | Flat | |
£3,800 | 01/25 | 0.36 mi | - | 2 | Terraced House | |
£3,800 | 01/25 | 0.36 mi | - | 2 | Terraced House | |
£1,700 | 09/24 | 0.37 mi | - | 2 | Terraced House | |
£1,950 | 02/25 | 0.38 mi | - | 2 | Flat | |
£1,700 | 08/24 | 0.39 mi | - | 2 | Flat | |
£1,700 | 08/24 | 0.39 mi | - | 2 | Flat | |
£1,700 | 03/25 | 0.39 mi | - | 2 | Flat | |
£1,500 | 08/24 | 0.39 mi | - | 2 | Flat | |
£1,695 | 02/25 | 0.4 mi | - | 2 | Terraced House |
Local Area Statistics
Population in SE28 | 29,31829,318 |
Population in London | 4,771,9214,771,921 |
Town centre distance | 8.77 miles away8.77 miles away |
Nearest school | 0.10 miles away0.10 miles away |
Nearest train station | 0.94 miles away0.94 miles away |
| |
Rental demand | Landlord's marketLandlord's market |
Rental growth (12m) | +11%+11% |
Sales demand | Balanced marketBalanced market |
Capital growth (5yrs) | +16%+16% |
Property History
Listed for £250,000
October 9, 2024
Sold for £160,000
2007
Sold for £134,950
2003
Floor Plans

Description
- Council Tax Band C, Leasehold 125 Years From 1st January 2002 +
- Ground Rent & Service Charge £150 Combined Per Calendar Month +
- Allocated Parking Space +
- Master Bedroom with En-suite +
- Fitted Kitchen and Family Bathroom +
- Spacious Throughout with Storage Space +
- Two Double Bedrooms +
- Needs Modernisation +
- Excellent Transport Links & Great Location +
- Viewing Highly Advised +
Nested close to the River Thames and within walking distance to Plumstead station for access into London city centre this two bedroom property is a must view!
This apartment is located in London with close proximity to a range of amenities, schools, shopping facilities, food/drink establishments and more. The area also offers excellent road and transport links for travel both locally and further afield.
The accommodation briefly comprises a spacious living room and a fitted kitchen. Two well-proportioned bedrooms with the master bedroom featuring a en-suite and a three-piece bathroom with a tub-shower combination, a hand wash basin and a WC.
Externally, the property benefits from an allocated parking space.
This home is an excellent find. We anticipate a high amount of interest and as such we would recommend that any interested buyers inquire to arrange a viewing at the earliest convenience to ensure the opportunity is not missed.
Premium Fast Sale
The innovative Premium Fast Sale Plus method from Springbok Properties is a secure and straightforward way to buy property. It works like a typical sale, with a number of added benefits to the buyer.
Benefits
o Carefully implemented security measures
o A speedy process
o Realistically priced properties
o A Buy it Now option (ask for further information on this feature from our advisors)
o A significantly reduced chance of fall-throughs
o No risk of being "gazumped"
o The full focus of our highly motivated team
Springbok Properties' Premium Fast Sale Plus puts you in the driving seat thanks to our fast and secure methods.
All properties are competitively priced and carefully managed by motivated sellers for a quick, stress-free transaction.
Deposit
Sales can be secured with a reservation deposit of £5,000. This forms part of the final purchase price and is NOT an extra cost.
This deposit ensures that the property is taken off the market as soon as a sale is agreed. It is then exclusively reserved for you, eliminating gazumping, time wasting and financial loss.
An administration fee of £396 is required in order to draw up an exclusive legally binding contract between the buyer and seller. This gives the buyer exclusive rights to purchase within a pre-agreed timeframe.
Exclusivity
Following the payment of the above amount, Springbok Properties will facilitate a fixed exclusivity period (approximately 12 weeks). During this time, surveys should be arranged and preparations made for the exchange of contracts. The property will be reserved, so there will be no risk of gazumping.
Process
Our Premium Fast Sale Plus follows the below process:
STEP 1 - Register your interest
STEP 2 - Prepare your finances for the purchase
STEP 3 - Arrange a viewing
STEP 4 - Make an offer
STEP 5 - Secure your sale using our secure system
STEP 6 - Exchange and complete
Don't miss out on the chance to purchase this property. Call us today for further information and to arrange a viewing.
If you're interested in this property, we urge you to contact us immediately to arrange an early viewing and get the process started. This will help you to avoid missing out on this opportunity.
Springbok Properties' innovative Premium Fast Sale Plus is a secure and straightforward way to buy property.
Please note: to ensure the highest level of customer service, all calls may be recorded and monitored for training and quality purposes.
Please call us now to book an appointment.
We highly recommend early viewing as this property is priced relatively low and is likely to generate quite an interest.
Please call us now to book an appointment.
Call Recording
Please note to ensure the highest level of customer service, all calls may be recorded and monitored for training and quality purposes.
Disclaimer
Springbok Properties for itself and the Vendors or lessors of properties for whom they act give notice that:
The details shown on this website are a general outline for the guidance of intending purchasers, and do not constitute, nor constitute part of, an offer or contract or sales particulars. All descriptions, dimensions, references to condition and other details are given in good faith and are believed to be correct but any intending purchasers should not rely on them as statements or representations of fact but must satisfy themselves by inspection, searches, survey, enquiries or otherwise as to their correctness. We have not been able to test any of the building service installations and recommend that prospective purchasers arrange for a qualified person to check them before entering into any commitment. Further, any reference to, or use of any part of the properties is not a statement that any necessary planning, building regulations or other consent has been obtained. All photographs shown are indicative and cannot be guaranteed to represent the complete interior scheme or items included in the sale. No person in our employment has any authority to make or give any representation or warranty whatsoever in relation to this property.
TENURE
To be confirmed by the Vendor's Solicitors
Note
The price given is a marketing price and not an indication of the property's market value. The vendor like any seller is looking to achieve the maximum price possible. Hence, by making an enquiry on this property, you recognise and understand that this property is strictly offers in excess of the marketing price provided.
How to View this Property
Viewing is strictly by appointment please call us now for bookings.
AML REGULATIONS & PROOF OF FUNDING: Any proposed purchasers will be asked to provide identification and proof of funding before any offer is accepted. We would appreciate your co-operation with this to ensure there are no delays in agreeing the sale.
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