2 Bed Flat, Planning Permission, London, SE4 1XW, £575,000

11C Breakspears Road, London, Greater London, SE4 1XW - 12 views - 6 months ago

Planning

66 m²

+15 photos

ValuationOvervalued

Sold Prices	£290K - £750K
Sold Prices/m²	£5.5K/m² - £11.5K/m²

Square Metres	66 m²
Price/m²	£8.7K/m²
Value Estimate	£443,284£443,284

End Value (After Refurb)	£503,750£503,750

Investment Opportunity

Cash In
Purchase Finance	Bridging LoanBridging Loan
Deposit (25%)	£143,750£143,750
Stamp Duty & Legal Fees	£34,700£34,700
Refurb Costs	£34,987£34,987
Bridging Loan Interest	£15,094£15,094
Total Cash In	£230,281£230,281

Cash Out
Monetisation	FlipRefinance & RentRefinance & Rent
Revaluation	£503,750£503,750
Mortgage (After Refinance)	£377,813£377,813
Mortgage LTV	75%75%
Cash Left In	£230,281£230,281
Equity	£125,938£125,938
Rent Range	£1,650 - £4,200£1,650 - £4,200
Rent Estimate	£2,027
Running Costs/mo	£2,000£2,000
Cashflow/mo	£27£27
Cashflow/yr	£329£329
ROI	0%0%
Gross Yield	4%4%

Local Sold Prices

50 sold prices from £290K to £750K, average is £463.1K. £5.5K/m² to £11.5K/m², average is £6.7K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£500K	04/23	0.03 mi	32b, Breakspears Road, London, Greater London SE4 1UW	£6,667	75	2	Flat
£555.5K	03/23	0.03 mi	32, Breakspears Road, London, Greater London SE4 1UW	£7,725	72	2	Flat
£430K	11/20	0.09 mi	Flat 1, Hadrian Court, Breakspears Road, London, Greater London SE4 1XP	-	-	2	Flat
£467K	05/23	0.11 mi	13, Lloyd Villas, London, Greater London SE4 1US	£6,380	73	2	Flat
£420K	01/23	0.11 mi	18, Lloyd Villas, London, Greater London SE4 1US	£5,915	71	2	Flat
£500K	07/23	0.11 mi	43, Lloyd Villas, London, Greater London SE4 1US	£7,042	71	2	Flat
£520K	05/23	0.11 mi	22, Lloyd Villas, London, Greater London SE4 1US	-	-	2	Flat
£600K	02/21	0.11 mi	Flat C, 44, Tressillian Road, London, Greater London SE4 1YB	£5,875	102	2	Flat
£750K	11/21	0.12 mi	20a, Wickham Road, Brockley, London, Greater London SE4 1NY	£6,557	114	2	Flat
£615K	12/21	0.12 mi	11a, Tressillian Road, London, Greater London SE4 1YG	£6,029	102	2	Flat
£505K	01/21	0.12 mi	10a, Wickham Road, Brockley, London, Greater London SE4 1PB	£6,012	84	2	Flat
£415.1K	06/21	0.15 mi	46d, Tyrwhitt Road, London, Greater London SE4 1QG	£5,535	75	2	Flat
£465K	05/21	0.17 mi	83b, Manor Avenue, London, Greater London SE4 1TD	-	-	2	Flat
£475K	03/21	0.17 mi	93d, Manor Avenue, London, Greater London SE4 1TD	-	-	2	Flat
£500K	08/23	0.18 mi	3d, St Johns Vale, London, Greater London SE8 4EA	£7,610	66	2	Flat
£445K	03/21	0.2 mi	9b, Drake Road, London, Greater London SE4 1QH	£6,544	68	2	Flat
£400K	06/21	0.25 mi	93a, Upper Brockley Road, London, Greater London SE4 1TF	-	-	2	Flat
£695K	09/21	0.26 mi	14b, St Johns Vale, London, Greater London SE8 4EW	£6,881	101	2	Flat
£547.5K	02/23	0.26 mi	51a, Wickham Road, Brockley, London, Greater London SE4 1LT	£7,399	74	2	Flat
£455K	01/23	0.26 mi	82c, Tyrwhitt Road, London, Greater London SE4 1QB	-	-	2	Flat
£485K	03/21	0.27 mi	Flat A, 102, Sandrock Road, London, Greater London SE13 7TP	£7,823	62	2	Flat
£410K	10/20	0.28 mi	Flat 7, Lilac House, Breakspears Road, London, Greater London SE4 1TU	-	-	2	Flat
£401K	06/21	0.28 mi	Flat 4, Lilac House, Breakspears Road, London, Greater London SE4 1TU	-	-	2	Flat
£547K	09/23	0.28 mi	First Floor Flat, 39b, Undercliff Road, London, Greater London SE13 7TU	£8,547	64	2	Flat
£461.3K	06/21	0.29 mi	61c, Tressillian Road, London, Greater London SE4 1YA	£5,898	78	2	Flat
£615K	11/21	0.29 mi	162, Upper Brockley Road, London, Greater London SE4 1SS	£9,179	67	2	Flat
£525K	12/20	0.29 mi	36a, Shell Road, London, Greater London SE13 7TW	-	-	2	Flat
£335K	04/21	0.31 mi	Flat 26, Grover Court, Loampit Hill, London, Greater London SE13 7ST	-	-	2	Flat
£359K	05/21	0.31 mi	Flat 18, Grover Court, Loampit Hill, London, Greater London SE13 7ST	-	-	2	Flat
£375K	03/21	0.31 mi	Flat 23, Grover Court, Loampit Hill, London, Greater London SE13 7ST	-	-	2	Flat
£408K	04/21	0.31 mi	128b, Tanners Hill, London, Greater London SE8 4QD	-	-	2	Flat
£450K	12/22	0.32 mi	162, Upper Brockley Road, London, Greater London SE4 1SS	£6,716	67	2	Flat
£600K	10/23	0.33 mi	Ground Floor Flat, 16, Halesworth Road, London, Greater London SE13 7TN	£11,538	52	2	Flat
£325K	03/23	0.34 mi	Flat 2, Almond House, Malpas Road, London, Greater London SE4 1BY	-	-	2	Flat
£650K	03/21	0.34 mi	7a, Glensdale Road, London, Greater London SE4 1UE	£9,603	68	2	Flat
£475K	12/20	0.35 mi	133b, Brookbank Road, London, Greater London SE13 7DA	-	-	2	Flat
£445.4K	01/23	0.35 mi	133a, Brookbank Road, London, Greater London SE13 7DA	-	-	2	Flat
£570K	05/21	0.36 mi	81a, Halesworth Road, London, Greater London SE13 7TL	-	-	2	Flat
£370K	03/21	0.37 mi	Flat 16, Laburnum House, Malpas Road, London, Greater London SE4 1BL	-	-	2	Flat
£300K	08/21	0.38 mi	Flat 23, Deloraine House, Tanners Hill, London, Greater London SE8 4PY	-	-	2	Flat
£525K	09/21	0.39 mi	Flat B, 110, Breakspears Road, London, Greater London SE4 1UD	-	-	2	Flat
£352.5K	06/21	0.39 mi	Flat 2, Jasmin House, Wickham Road, Brockley, London, Greater London SE4 1NF	-	-	2	Flat
£290K	09/21	0.41 mi	Flat 4, Heston House, Tanners Hill, London, Greater London SE8 4PU	-	-	2	Flat
£325K	11/20	0.41 mi	Flat 53, Heston House, Tanners Hill, London, Greater London SE8 4PX	-	-	2	Flat
£645K	01/23	0.41 mi	137a, Breakspears Road, London, Greater London SE4 1TY	-	-	2	Flat
£350K	03/21	0.41 mi	Flat 4, May Tree House, Wickham Road, Brockley, London, Greater London SE4 1LZ	-	-	2	Flat
£380K	04/21	0.42 mi	Apartment 2, The White Cube, Algernon Road, London, Greater London SE13 7FS	-	-	2	Flat
£343K	08/23	0.43 mi	Flat 12, Birch House, Shardeloes Road, London, Greater London SE14 6RY	-	-	2	Flat
£422K	04/23	0.44 mi	Flat 107, Dakota Building, Deals Gateway, London, Greater London SE13 7QE	-	-	2	Flat
£480K	07/23	0.44 mi	Flat 603, Dakota Building, Deals Gateway, London, Greater London SE13 7QE	-	-	2	Flat

Local Rents

50 rents from £1.6K/mo to £4.2K/mo, average is £2K/mo.

Rent	Date	Distance	Address	Beds	Type
£1,880	03/25	0.08 mi	-	2	Flat
£2,100	08/24	0.09 mi	Breakspears Road London SE4	2	Flat
£1,850	08/24	0.1 mi	Wickham Road Brockley SE4	2	Flat
£1,850	08/24	0.11 mi	Wickham Road, London, SE4	2	Flat
£2,200	08/24	0.11 mi	Lewisham Way Lewisham SE4	2	Flat
£1,950	03/25	0.11 mi	-	2	Flat
£1,750	10/24	0.11 mi	-	2	Flat
£2,500	08/24	0.11 mi	Tressillian Road, SE4	2	Flat
£1,950	08/24	0.12 mi	Tressillian Road, London, SE4	2	Flat
£2,200	11/24	0.13 mi	-	2	Flat
£1,900	03/25	0.14 mi	-	2	Flat
£2,000	08/24	0.15 mi	Lewisham Way, Brockley	2	Flat
£2,000	02/25	0.15 mi	-	2	Terraced House
£1,925	12/24	0.17 mi	-	2	Flat
£1,975	01/25	0.17 mi	-	2	Flat
£2,100	08/24	0.17 mi	Lewisham Way, Brockley	2	Flat
£1,800	08/24	0.17 mi	Geoffrey Road Brockley SE4	2	Flat
£1,975	03/25	0.17 mi	-	2	Flat
£2,000	03/25	0.17 mi	-	2	Flat
£2,400	02/25	0.19 mi	-	2	Flat
£2,350	08/24	0.2 mi	Top Flat, Manor Avenue, London, SE4	2	Flat
£2,000	08/24	0.2 mi	Manor Avenue, Brockley, London, SE4	2	Flat
£2,200	08/24	0.21 mi	-	2	Flat
£2,200	10/24	0.21 mi	-	2	Flat
£1,750	08/24	0.22 mi	Lewisham Way, Brockley, SE4	2	Flat
£2,690	03/25	0.22 mi	-	2	Flat
£1,850	04/25	0.22 mi	-	2	Flat
£1,700	12/24	0.22 mi	-	2	Flat
£2,000	08/24	0.23 mi	Manor Avenue, London, SE4	2	Flat
£2,000	08/24	0.23 mi	-	2	Flat
£2,250	12/24	0.23 mi	-	2	Flat
£2,250	01/25	0.23 mi	-	2	Flat
£1,900	02/25	0.23 mi	-	2	Flat
£1,900	08/24	0.23 mi	-	2	Flat
£1,900	01/25	0.23 mi	-	2	Flat
£1,750	08/24	0.23 mi	Sandrock Road, Lewisham, London, SE13	2	Flat
£1,750	09/24	0.23 mi	Sandrock Road, Lewisham, London, SE13	2	Flat
£1,750	09/24	0.23 mi	Sandrock Road, Lewisham, London, SE13	2	Flat
£2,100	08/24	0.23 mi	-	2	Flat
£2,200	08/24	0.23 mi	-	2	Flat
£1,850	01/25	0.23 mi	-	2	Flat
£1,950	09/24	0.25 mi	-	2	Flat
£2,100	09/24	0.25 mi	-	2	Flat
£4,200	08/24	0.26 mi	Undercliff Road, London, SE13	2	Flat
£1,700	08/24	0.26 mi	Undercliff Road, Lewisham	2	Flat
£2,150	02/25	0.26 mi	-	2	Flat
£2,150	02/25	0.26 mi	-	2	Flat
£1,900	08/24	0.26 mi	Undercliff Road, London, SE13	2	Flat
£2,100	08/24	0.26 mi	Wickham Road London SE4	2	Flat
£1,650	08/24	0.26 mi	Lewisham Way, Brockley, SE4	2	Flat

Local Area Statistics

Population in SE4	28,59528,595
Population in London	4,771,9214,771,921
Town centre distance	5.39 miles away5.39 miles away
Nearest school	0.20 miles away0.20 miles away
Nearest train station	0.25 miles away0.25 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	+18%+18%
Sales demand	Balanced marketBalanced market
Capital growth (5yrs)	+22%+22%

Property History

Listed for £575,000

October 17, 2024

Sold for £190,000

2008

Floor Plans

Description

Guide Price £575,000 - £625,000

Stunning two double bedroom top floor share of freehold apartment that has been beautifully refurbished, with planning permission for a loft conversion to add a futher bedroom plus en-suite.

This wow factor home features gorgeous parquet flooring as a theme, and feels super bright and spacious at over 850 Sq Ft.

There is a great size, well-planned kitchen diner and the bedrooms are on opposite sides, ideal for when guests stay.

Further benefits include a private section of garden and a good size integral garage.

This unique property in the Brockley Conservation Area is sure to appeal to a wide variety of people as ticks lots of different buyer boxes.

* Please note the last 2 photos are CGI pictures of the architect drawings for the loft conversion. Please contact the office for the loft plans and 3D walkthrough. *

Tenure: Share of Freehold
Ground Rent: Peppercorn
Service Charge: As & When
Council Tax: Lewisham Band C

Agent Details

Conran Estates, Brockley

020 8629 8164

Next Steps?

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

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