3 Bed Flat, Refurb/BRRR, London, SE23 2LL, £350,000

VALENTINE COURT Perry Vale, London, Greater London, SE23 2LL - 5 views - 5 months ago

Sold STC

Refurb/BRRR

ROI: 4%

71 m²

+3 photos

ValuationFair Value

Sold Prices	£280K - £724.5K
Sold Prices/m²	£3.3K/m² - £8.6K/m²

Square Metres	70.50 m²
Price/m²	£5K/m²
Value Estimate	£347,650£347,650

End Value (After Refurb)	£466,948£466,948
Uplift in Value	+33%+33%

Investment Opportunity

Cash In
Purchase Finance	Bridging LoanBridging Loan
Deposit (25%)	£87,500£87,500
Stamp Duty & Legal Fees	£16,700£16,700
Refurb Costs	£37,297£37,297
Bridging Loan Interest	£9,188£9,188
Total Cash In	£152,434£152,434

Cash Out
Monetisation	FlipRefinance & RentFlip
Estimated Sale Price	£466,948£466,948
Agent Fees (1%)	£4,669£4,669
Bridging Loan	£262,500£262,500
Bridging Loan Interest	£9,188£9,188
Flip Profit	£47,344£47,344

Local Sold Prices

50 sold prices from £280K to £724.5K, average is £422.5K. £3.3K/m² to £8.6K/m², average is £5.2K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£350K	09/21	0 mi	Flat 90, Valentine Court, Perry Vale, London, Greater London SE23 2LL	-	-	3	Flat
£322.5K	01/23	0.11 mi	Flat 26, Valentine Court, Perry Vale, London, Greater London SE23 2JA	-	-	3	Flat
£347K	09/23	0.2 mi	Flat 15, Perystreete, Perry Vale, London, Greater London SE23 2LF	-	-	3	Flat
£510K	12/20	0.21 mi	9b, Aylward Road, London, Greater London SE23 2JE	£6,623	77	3	Flat
£532K	03/21	0.4 mi	Flat 25, Taymount Grange, Taymount Rise, London, Greater London SE23 3UH	-	-	3	Flat
£470K	09/21	0.43 mi	65, Peak Hill, London, Greater London SE26 4NS	£5,802	81	3	Flat
£465K	04/21	0.43 mi	5a, Niederwald Road, London, Greater London SE26 4AD	£5,813	80	3	Flat
£495K	09/21	0.44 mi	18, Kinver Road, London, Greater London SE26 4NT	£5,915	84	3	Flat
£525K	06/23	0.45 mi	144, Kilmorie Road, London, Greater London SE23 2SR	£7,721	68	3	Flat
£507.5K	12/20	0.45 mi	46, Peak Hill, London, Greater London SE26 4LR	£4,060	125	3	Flat
£425K	07/23	0.46 mi	Flat 51, Forest Croft, Taymount Rise, Forest Hill, London, Greater London SE23 3UN	-	-	3	Flat
£365K	03/21	0.46 mi	Flat 36, Forest Croft, Taymount Rise, London, Greater London SE23 3UN	-	-	3	Flat
£465K	03/23	0.51 mi	90a, Elsinore Road, London, Greater London SE23 2SN	£6,416	72	3	Flat
£724.5K	04/21	0.51 mi	35, Manor Mount, London, Greater London SE23 3PY	£5,939	122	3	Flat
£640K	12/20	0.52 mi	13, Peak Hill Avenue, London, Greater London SE26 4LG	£6,491	99	3	Flat
£635K	03/21	0.52 mi	2, Cranston Road, London, Greater London SE23 2HB	£8,611	74	3	Flat
£518K	05/21	0.53 mi	102a, Devonshire Road, London, Greater London SE23 3SX	-	-	3	Flat
£493K	10/20	0.53 mi	4a, Fransfield Grove, London, Greater London SE26 6BA	£6,321	78	3	Flat
£625K	06/21	0.53 mi	15, Fransfield Grove, London, Greater London SE26 6BA	£7,462	84	3	Flat
£647K	11/20	0.62 mi	20a, Longton Grove, London, Greater London SE26 6QE	£4,902	132	3	Flat
£662.5K	10/20	0.62 mi	16a, Longton Grove, London, Greater London SE26 6QE	£5,164	128	3	Flat
£375K	09/23	0.63 mi	31, Wells Park Road, London, Greater London SE26 6JQ	-	-	3	Flat
£374.8K	02/23	0.63 mi	67, Wells Park Road, London, Greater London SE26 6JQ	£4,259	88	3	Flat
£500K	04/21	0.63 mi	First Floor Flat, 18, Hurstbourne Road, London, Greater London SE23 2AB	£6,410	78	3	Flat
£350K	06/21	0.64 mi	33, Wells Park Road, London, Greater London SE26 6JQ	£4,419	79	3	Flat
£387K	10/20	0.64 mi	29, Wells Park Road, London, Greater London SE26 6JQ	£4,398	88	3	Flat
£438K	03/23	0.64 mi	Flat 8, Dunton Court, Sydenham Hill, London, Greater London SE23 3PJ	-	-	3	Flat
£375K	01/21	0.65 mi	Flat 42, Attleborough Court, Sydenham Hill, London, Greater London SE23 3PL	£5,068	74	3	Flat
£660K	12/20	0.65 mi	3a, Woolstone Road, London, Greater London SE23 2TR	£7,500	88	3	Flat
£320K	07/23	0.68 mi	Flat 2, Farley House, Sydenham Hill, London, Greater London SE26 6LR	-	-	3	Flat
£330K	06/21	0.69 mi	50, Peters Path, London, Greater London SE26 6LE	£3,438	96	3	Flat
£317.5K	02/21	0.7 mi	8, Polecroft Lane, London, Greater London SE6 4EF	£3,872	82	3	Flat
£280K	06/21	0.7 mi	48, Polecroft Lane, London, Greater London SE6 4EF	£3,294	85	3	Flat
£305K	06/21	0.7 mi	26, Polecroft Lane, London, Greater London SE6 4EF	£3,813	80	3	Flat
£420K	09/23	0.71 mi	6a, Hall Drive, London, Greater London SE26 6XB	-	-	3	Flat
£327.5K	06/21	0.71 mi	First Floor Flat, 37, Homecroft Road, London, Greater London SE26 5QN	-	-	3	Flat
£350K	11/20	0.71 mi	Flat 8, Dundry House, Sydenham Hill, London, Greater London SE26 6LP	-	-	3	Flat
£305K	03/21	0.72 mi	Flat 6, Woodbury House, Sydenham Hill, London, Greater London SE26 6AW	-	-	3	Flat
£370K	05/21	0.74 mi	7, Peters Path, London, Greater London SE26 6LD	£4,022	92	3	Flat
£410K	01/23	0.76 mi	1a, Lawrie Park Avenue, London, Greater London SE26 6HA	£6,308	65	3	Flat
£382.5K	02/21	0.76 mi	Flat 2, Stanyhurst, Stanstead Road, Forest Hill, London, Greater London SE23 1JA	-	-	3	Flat
£315K	11/21	0.77 mi	Flat 5, Pendle House, Sydenham Hill, London, Greater London SE26 6AL	-	-	3	Flat
£575K	03/21	0.78 mi	55a, Venner Road, London, Greater London SE26 5EJ	£5,088	113	3	Flat
£560K	03/21	0.78 mi	47a, Venner Road, London, Greater London SE26 5EJ	£4,553	123	3	Flat
£317K	06/23	0.79 mi	Flat 5, Cissbury House, Sydenham Hill, London, Greater London SE26 6TS	-	-	3	Flat
£325K	02/21	0.79 mi	Flat 2, Cissbury House, Sydenham Hill, London, Greater London SE26 6TS	-	-	3	Flat
£622.8K	04/21	0.8 mi	9a, Wood Vale, London, Greater London SE23 3DS	£6,625	94	3	Flat
£510K	06/21	0.86 mi	102, Byne Road, London, Greater London SE26 5JD	£3,581	142	3	Flat
£409K	12/20	0.87 mi	40, Ormanton Road, London, Greater London SE26 6RB	£4,596	89	3	Flat
£485K	11/20	0.89 mi	Flat 18, Bath Court, Droitwich Close, London, Greater London SE26 6TW	-	-	3	Flat

Local Rents

51 rents from £1.6K/mo to £4.5K/mo, average is £2.4K/mo.

Rent	Date	Distance	Address	Beds	Type
£2,750	08/24	0.07 mi	Dacres Road, Forest Hill, London, SE23	3	Flat
£2,650	03/25	0.1 mi	-	3	Flat
£2,750	08/24	0.14 mi	Hennel Close, London, SE23	3	Terraced House
£2,750	09/24	0.14 mi	-	3	Terraced House
£1,600	08/24	0.14 mi	Perry Vale, Forest Hill, SE23	3	Flat
£2,100	08/24	0.23 mi	-	3	Flat
£2,500	08/24	0.23 mi	-	3	Terraced House
£2,195	08/24	0.24 mi	Broadmead, London, SE6	3	Terraced House
£2,000	02/24	0.24 mi	-	3	House
£2,300	08/24	0.28 mi	Hindsleys Place London SE23	3	Flat
£2,250	08/24	0.31 mi	Century Yard, Forest Hill, SE23	3	Terraced House
£1,850	08/24	0.31 mi	Perry Vale, London, SE23	3	Flat
£2,450	11/24	0.32 mi	-	3	Terraced House
£2,400	03/25	0.32 mi	-	3	Terraced House
£3,000	08/24	0.35 mi	Sydenham Park Road, London, SE26	3	Semi-Detached House
£3,150	09/24	0.35 mi	-	3	Semi-Detached House
£2,600	08/24	0.36 mi	-	3	Detached House
£2,695	08/24	0.36 mi	Perry Rise, London, SE23	3	Terraced House
£3,500	08/24	0.38 mi	Havelock Walk, London, SE23	3	Terraced House
£3,500	08/24	0.38 mi	-	3	Terraced House
£1,800	08/24	0.39 mi	Moore House, Willow Way, Sydenham, SE26	3	Flat
£2,500	12/24	0.4 mi	-	3	Flat
£2,700	08/24	0.41 mi	Sydenham Park, London, SE26	3	Flat
£2,500	08/24	0.41 mi	Sydenham Park, London, SE26	3	Flat
£2,100	08/24	0.43 mi	Taymount Rise, London, SE23	3	Flat
£3,400	08/24	0.43 mi	Cheseman Street London SE26	3	Flat
£1,850	10/24	0.44 mi	-	3	Flat
£2,950	08/24	0.44 mi	-	3	Flat
£2,750	03/25	0.45 mi	-	3	Flat
£3,400	08/24	0.45 mi	Cheseman Street, London, SE26	3	Detached House
£2,550	12/24	0.45 mi	-	3	Flat
£2,800	08/24	0.46 mi	Taymount Rise, Forest Hill, London, SE23	3	Flat
£2,200	01/25	0.46 mi	-	3	Flat
£2,300	08/24	0.46 mi	Adamsrill Road, London	3	Detached House
£2,450	08/24	0.47 mi	-	3	Flat
£4,000	03/25	0.47 mi	-	3	Flat
£2,250	08/24	0.48 mi	Colfe Road, London, SE23	3	Flat
£2,300	08/24	0.5 mi	-	3	Semi-Detached House
£1,875	12/24	0.5 mi	-	3	Flat
£2,395	08/24	0.5 mi	Grizedale Terrace, London, SE23	3	Terraced House
£2,400	08/24	0.51 mi	Manor Mount London SE23	3	Flat
£2,300	08/24	0.52 mi	Mount Ash Road, Sydenham, SE26	3	Flat
£2,350	02/24	0.53 mi	-	3	Flat
£2,350	02/24	0.53 mi	-	3	Flat
£1,750	08/24	0.54 mi	Elsinore Road London SE23	3	Flat
£4,500	08/24	0.54 mi	Vancouver road, SE23	3	Flat
£2,250	11/23	0.55 mi	Adamsrill Road, Sydenham, SE26	3	House
£2,500	08/24	0.56 mi	Houston Road, Forest Hill, London, SE23	3	Terraced House
£2,400	02/25	0.59 mi	-	3	Terraced House
£2,200	01/25	0.6 mi	-	3	Flat
£2,300	01/25	0.6 mi	-	3	Flat

Local Area Statistics

Population in SE23	33,68233,682
Population in London	4,771,9214,771,921
Town centre distance	6.85 miles away6.85 miles away
Nearest school	0.20 miles away0.20 miles away
Nearest train station	0.32 miles away0.32 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	+13%+13%
Sales demand	Balanced marketBalanced market
Capital growth (5yrs)	+4%+4%

Property History

Listed for £350,000

October 25, 2024

Sold for £70,000

2006

Floor Plans

Description

Discover the potential of this well-located, chain-free 3-bedroom flat, offering ample living space and a private balcony. Situated in a desirable area with excellent access to local amenities, transport links, and green spaces, this property is a perfect opportunity for those looking to create a personalized, stylish home.

Key Features:

• Three Generously Sized Bedrooms: Ideal for families, roommates, or a home office setup.
• Private Balcony: Enjoy a quiet outdoor space for relaxing or entertaining.
• Spacious Layout: The flat features a roomy living area, a separate kitchen, and ample storage options.
• Great Location: Conveniently located near shops, schools, restaurants, and public transport.
• Potential to Add Value: Though in need of updating, this flat provides a blank canvas to create a modern and customized living space.

With its outstanding location and scope for improvement, this property is an excellent investment opportunity for first-time buyers, families, or investors.

Agent Details

Acorn, Forest Hill

020 8106 0621

Next Steps?

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

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ValuationFair Value

Investment OpportunityOpen in Analyser

Local Sold PricesDownload Show map

Local RentsDownload Show map

Links

Local Area Statistics

Property History

Floor Plans

Description

Agent Details

Next Steps?

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Investment Opportunity

Local Sold Prices

Local Rents