3 Bed Semi-Detached House, Refurb/BRRR, London, SE23 2RP, £600,000

Lescombe Road, London, Forest Hill, SE23 2RP - 8 views - 5 months ago

Sold STC
Leasehold
Refurb/BRRR
Planning
~93 m²
+17 photos

ValuationOvervalued

Sold Prices£250K - £767.5K
Sold Prices/m²£3K/m² - £8.2K/m²

 

 

Square Metres

~93 m²
Price/m²£6.5K/m²

Value Estimate

£550,517

 

 

End Value (After Refurb)

£575,714

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£150,000

Stamp Duty & Legal Fees

£36,700

Refurb Costs

£49,200

Bridging Loan Interest

£15,750

Total Cash In

£253,400

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£575,714

Mortgage (After Refinance)

£431,786

Mortgage LTV

75%

Cash Left In

£253,400

Equity

£143,929

Rent Range

£1,700 - £4,500

Rent Estimate

£2,353

Running Costs/mo

£2,290

Cashflow/mo

£63

Cashflow/yr

£760

ROI

0%

Gross Yield

5%

Local Sold Prices

50 sold prices from £250K to £767.5K, average is £560K. £3K/m² to £8.2K/m², average is £6.2K/m².

PriceDateDistanceAddressBeds 
£540K09/210.05 mi5, Priestfield Road, London, Greater London SE23 2RW3
£695K06/210.05 mi21, Priestfield Road, London, Greater London SE23 2RW3
£675K02/230.08 mi60, Priestfield Road, London, Greater London SE23 2RS3
£688.5K02/210.08 mi68, Priestfield Road, London, Greater London SE23 2RS3
£545K03/210.08 mi42, Priestfield Road, London, Greater London SE23 2RS3
£645K12/220.09 mi27, Selworthy Road, London, Greater London SE6 4DP3
£499.9K11/210.1 mi250, Perry Hill, London, Greater London SE6 4HD3
£625K10/220.11 mi18, Selworthy Road, London, Greater London SE6 4DP3
£565K03/210.11 mi14, Houston Road, London, Greater London SE23 2RN3
£500K03/210.11 mi12, Houston Road, London, Greater London SE23 2RN3
£460K11/200.13 mi105, Houston Road, London, Greater London SE23 2RL3
£475K06/230.13 mi224, Perry Rise, London, Greater London SE23 2QT3
£520K11/200.13 mi73, Houston Road, London, Greater London SE23 2RL3
£500K08/230.13 mi91, Houston Road, London, Greater London SE23 2RL3
£521K05/210.13 mi85, Houston Road, London, Greater London SE23 2RL3
£510K11/200.14 mi1a, Winsford Road, London, Greater London SE6 4LS3
£555K04/210.16 mi200, Adamsrill Road, London, Greater London SE26 4AH3
£615K03/210.19 mi38, Winsford Road, London, Greater London SE6 4LX3
£610K04/210.19 mi2, Hawkesfield Road, London, Greater London SE23 2TL3
£630K04/210.2 mi83, Hawkesfield Road, London, Greater London SE23 2TN3
£600K12/230.2 mi86, Perry Hill, London, Greater London SE6 4EY3
£720K07/230.2 mi1, Ticehurst Road, London, Greater London SE23 2TJ3
£585K06/210.21 mi38, De Frene Road, London, Greater London SE26 4AG3
£535K09/210.21 mi102, De Frene Road, London, Greater London SE26 4AG3
£340K09/210.21 mi142, Adamsrill Road, London, Greater London SE26 4AX3
£402.5K01/210.21 mi162, Adamsrill Road, London, Greater London SE26 4AX3
£663.5K09/230.22 mi2, Nyon Grove, London, Greater London SE6 4EU3
£500K07/230.23 mi89, Selworthy Road, London, Greater London SE6 4DW3
£650K09/230.23 mi24, Helvetia Street, London, Greater London SE6 4EX3
£530K02/240.23 mi106, Selworthy Road, London, Greater London SE6 4DN3
£380K09/210.24 mi73, Dillwyn Close, London, Greater London SE26 4DE3
£418.5K04/210.24 mi48, Dillwyn Close, London, Greater London SE26 4DE3
£445K12/220.24 mi34, Dillwyn Close, London, Greater London SE26 4DE3
£250K11/220.24 mi46, Dillwyn Close, London, Greater London SE26 4DE3
£596.5K09/210.24 mi161, Woolstone Road, London, Greater London SE23 2TG3
£767.5K11/210.24 mi151, Woolstone Road, London, Greater London SE23 2TG3
£515K10/210.25 mi34, Castlands Road, London, Greater London SE6 4LN3
£605K04/210.26 mi36, Levendale Road, London, Greater London SE23 2TW3
£720.1K04/210.26 mi44, Levendale Road, London, Greater London SE23 2TW3
£600K08/230.26 mi25, Clarens Street, London, Greater London SE6 4ES3
£395K10/210.26 mi67, Holmshaw Close, London, Greater London SE26 4TH3
£485K03/210.28 mi78, Burford Road, London, Greater London SE6 4DB3
£510K12/200.28 mi129, Burford Road, London, Greater London SE6 4DB3
£696.6K11/200.28 mi19, Levendale Road, London, Greater London SE23 2TP3
£630K11/210.28 mi15, Levendale Road, London, Greater London SE23 2TP3
£635K02/240.29 mi15, Aldermoor Road, London, Greater London SE6 4DL3
£580K10/200.3 mi62, Woolstone Road, London, Greater London SE23 2SW3
£393K01/230.3 mi38, Burford Road, London, Greater London SE6 4DD3
£610K09/210.31 mi53, Winsford Road, London, Greater London SE6 4LT3
£650K03/210.32 mi25a, Adamsrill Road, London, Greater London SE26 4AJ3

Local Rents

50 rents from £1.7K/mo to £4.5K/mo, average is £2.3K/mo.

RentDateDistanceAddressBeds 
£2,50008/240.1 miHouston Road, Forest Hill, London, SE233
£2,50008/240.13 miHouston Road, Forest Hill, SE233
£2,20001/250.13 mi-3
£2,25011/230.15 miAdamsrill Road, Sydenham, SE263
£1,85010/240.16 mi-3
£2,40002/250.18 mi-3
£2,69508/240.21 miPerry Rise, London, SE233
£2,00008/240.26 miHolmshaw Close, London, SE263
£1,85008/240.29 miPerry Vale, London, SE233
£2,60008/240.29 mi-3
£2,30008/240.31 mi-3
£2,30008/240.31 miLondon, SE263
£2,30008/240.32 mi-3
£2,40012/240.32 mi-3
£2,10008/240.33 mi-3
£2,45008/240.36 mi-3
£4,00003/250.36 mi-3
£2,40008/240.38 miTugela Street London SE63
£2,30008/240.39 miAdamsrill Road, London3
£1,75008/240.39 miElsinore Road London SE233
£2,45011/240.41 mi-3
£2,40003/250.41 mi-3
£2,30008/240.44 mi-3
£2,50008/240.44 miHighclere Street, Sydenham, SE263
£2,20002/250.45 mi-3
£2,25002/250.45 mi-3
£2,25008/240.47 miKangley Bridge Road, Sydenham3
£2,30001/250.47 mi-3
£4,50008/240.47 miVancouver road, SE233
£1,97508/240.48 mi-3
£1,90003/250.48 mi-3
£2,30010/240.48 mi-3
£2,00008/240.5 mi-3
£2,50009/240.5 mi-3
£1,70010/240.51 mi-3
£2,40004/250.51 mi-3
£1,80008/240.52 miSouthend Lane, London, SE63
£2,30008/240.52 miFirhill Road, LONDON3
£2,30008/240.52 miFirhill Road, Sydenham, London, SE63
£2,19508/240.55 miBroadmead, London, SE63
£2,29508/240.55 miFirhill Road, London, SE63
£2,30008/240.55 miFirhill Road, Catford3
£1,82001/250.55 mi-3
£2,65003/250.56 mi-3
£3,75011/240.56 mi-3
£2,60008/240.56 miExbury Road, London, SE6 4ND3
£2,75003/250.57 mi-3
£1,80008/240.58 miCatford Hill, London, SE63
£3,60009/240.6 mi-3
£2,25008/240.6 miColfe Road, London, SE233

Local Area Statistics

Population in SE23

33,682

Population in London

4,771,921

Town centre distance

7.20 miles away

Nearest school

0.10 miles away

Nearest train station

0.61 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+13%

Sales demand

Balanced market

Capital growth (5yrs)

+4%

Property History

Listed for £600,000

October 22, 2024

Floor Plans

Description

  • Chain Free +
  • Three bedroom House +
  • In Need Of Modernisation +
  • Fantastic Location +
  • Private Garage +
  • Potential to extend *STPP +

Integra Estates are thrilled to offer this spacious three-bedroom semi-detached family home, located on the desirable Lescombe Road in Forest Hill. In need of modernisation, this property presents a fantastic opportunity for buyers to transform it into their dream home, offering an abundance of potential to create a space that truly reflects your vision and style.

As you step inside, you'll find a generous layout featuring a large lounge and a separate dining room, perfect for hosting family gatherings or relaxing in comfort. The property also offers exciting possibilities for expansion, with scope for side and rear extensions (subject to planning permission), giving you the chance to unlock additional living space and further enhance the home.

The private garage adds another layer of versatility, offering the potential to be converted into a home office, studio, or even a summer house, providing endless possibilities for those looking for extra space (subject to planning permission).

With many homes in the surrounding area having converted loft spaces to create an additional bedroom, this property also offers the potential to expand upwards, subject to planning permission. For those looking to accommodate a growing family, the loft presents an exciting opportunity to add even more living space in the future (subject to planning)

The property is ideally situated in a sought-after location, just moments from the award-winning Mayow Park, known for its beautifully landscaped gardens, café, and recreational facilities, making it a wonderful retreat for families. Additionally, Bell Green Business Park is nearby, offering a wide range of shops and amenities, including large electrical outlets, supermarkets, a fashion super store as well as prestigious vehicle servicing centre ensuring convenience at your doorstep.

If you're searching for a home that offers the opportunity to put your own stamp on it, in a fantastic location brimming with possibilities, this could be the perfect property for you. With its potential for customisation and prime setting, this is an opportunity not to be missed.

Local Authority Lewisham
Council Tax band D

Disclaimer.
Please be advised some of these images might have been digitally edited with furniture. This is for illustration purposes only. The furniture in these images is not to scale.

The Floor plan in its entirety is for illustration purposes only, it is not to scale! it is the buyer's responsibility to obtain an accurate floor plan and not to rely upon the measurement listed. Integra-estates accepts no responsibility for misprints or any errors or inaccuracies in the floor plan and advertisement of this property listing.

Reference to appliances and/or services does not imply that they are necessarily in working order or fit for the purpose and have not been tested.

Buyers are advised to obtain verification from their solicitors as to the Freehold/Leasehold status of the property, This includes but is not limited to lease length, service charge, or ground rent charges. The position regarding any fixtures & fittings and where the building has been extended/converted, as to Planning Approval and Buildings Regulations compliance

Every care is taken in giving particulars but should any error inadvertently occur, Integra-Estates do not hold themselves responsible and accept no responsibility for any expenses, loss, or time incurred.

Neither the vendor, the owners, nor any employee of Integra-estates make or give any representation or Warranty in relation to the property.

These particulars do not constitute or form part of an offer or contract nor may they be regarded as representations. All interested parties must themselves verify their accuracy.
* STPP - Subject to planning permission

Agent Details

Integra-Estates, London & Kent

020 3823 6027

Next Steps?

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