2 Bed Flat, Refurb/BRRR, London, NW8 9TG, £625,000

Elgood House, Wellington Road, St John's Wood, London, NW8 9TG - 7 views - 6 months ago

Sold STC
Leasehold
Refurb/BRRR
~68 m²
+16 photos

ValuationFair Value

Sold Prices£415K - £12.5M
Sold Prices/m²£7.6K/m² - £13.3K/m²

 

 

Square Metres

~68.11 m²
Price/m²£9.2K/m²

Value Estimate

£625,000

 

 

End Value (After Refurb)

£1,092,365

Uplift in Value

+75%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£156,250

Stamp Duty & Legal Fees

£38,700

Refurb Costs

£35,994

Bridging Loan Interest

£16,406

Total Cash In

£249,101

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Estimated Sale Price

£1,092,365

Agent Fees (1%)

£10,924

Bridging Loan

£468,750

Bridging Loan Interest

£16,406

Flip Profit

£363,590

Local Sold Prices

50 sold prices from £415K to £12.5M, average is £780K. £7.6K/m² to £13.3K/m², average is £11.8K/m².

PriceDateDistanceAddressBeds 
£720K11/200.04 miFlat 9, Fettes House, Wellington Road, London, Greater London NW8 9SU2
£720K11/200.04 miFlat 9, Fettes House, Wellington Road, London, Greater London NW8 9SU2
£747K06/230.13 mi66, Charles Lane, London, Greater London NW8 7SB2
£615K07/230.13 miFlat 35, De Walden House, Allitsen Road, London, Greater London NW8 7BA2
£511K03/210.2 miFlat 25, Cotman House, Townshend Estate, London, Greater London NW8 6JP2
£761K06/230.23 miFlat 17, Circus Lodge, Circus Road, London, Greater London NW8 9JL2
£635K05/230.24 miFlat 111, Charlbert Court, Eamont Street, London, Greater London NW8 7DA2
£635K04/230.24 miFlat 99, Charlbert Court, Eamont Street, London, Greater London NW8 7DA2
£585K06/230.26 miFlat 30, Eamont Court, Eamont Street, London, Greater London NW8 7DG2
£840K10/200.27 miFlat 409, Addison House, Grove End Road, London, Greater London NW8 9EL2
£625K09/230.31 miFlat 93, Townshend Court, Mackennal Street, London, Greater London NW8 7DR2
£580K06/210.31 miFlat 66, Townshend Court, Townshend Road, London, Greater London NW8 6LB2
£625K03/210.31 miFlat 99, Townshend Court, Mackennal Street, London, Greater London NW8 7DR2
£915K08/230.34 miFlat 81, Walsingham, St John's Wood Park, London, Greater London NW8 6RL2
£790K01/230.36 miFlat 106, Lords View, St Johns Wood Road, London, Greater London NW8 7HG2
£800K10/230.36 miFlat 98, Lords View, St Johns Wood Road, London, Greater London NW8 7HG2
£1.4M06/230.37 miFlat 8, Avenue Close, Avenue Road, London, Greater London NW8 6BX2
£1.2M06/210.37 miFlat 12, Avenue Close, Avenue Road, London, Greater London NW8 6BX2
£945K06/230.38 miFlat 76, Buttermere Court, Boundary Road, London, Greater London NW8 6NS2
£1.7M12/220.39 miBasement Flat, 44a, Marlborough Place, London, Greater London NW8 0PL2
£875K06/210.41 miFlat 2, Sheringham, St Johns Wood Park, London, Greater London NW8 6QX2
£1.3M02/210.41 miFlat 42, Sheringham, St John's Wood Park, London, Greater London NW8 6RA2
£725K06/210.42 miFlat 4a, Grove End House, Grove End Road, London, Greater London NW8 9HP2
£600K03/230.42 miFlat 7b, Grove End House, Grove End Road, London, Greater London NW8 9HL2
£625K02/210.42 miFlat 42, Blair Court, Boundary Road, London, Greater London NW8 6NT2
£972.5K09/230.42 miFlat 73, Blair Court, Boundary Road, London, Greater London NW8 6NT2
£835K01/240.44 miFlat 23, St Johns Wood Court, St Johns Wood Road, London, Greater London NW8 8QT2
£1.7M06/230.44 miPenthouse G, St. Johns Wood Court, St Johns Wood Road, London, Greater London NW8 8QT2
£900K03/210.44 mi48a, Hamilton Terrace, London, Greater London NW8 9UJ2
£1.0M06/230.47 miFlat 1, Avenue Lodge, Avenue Road, London, Greater London NW8 6JA2
£12.5M12/200.48 mi61, Hamilton Terrace, London, Greater London NW8 9RG2
£470K07/230.49 miFlat 50, Tayler Court, Dorman Way, London, Greater London NW8 0SB2
£635K02/210.51 miFlat 24, Knoll House, Carlton Hill, London, Greater London NW8 9XD2
£475K08/230.51 miFlat 20, Helsby Court, Pollitt Drive, London, Greater London NW8 8JQ2
£495K12/230.52 miLanghorne Court, Flat 22, Dorman Way, London, Greater London NW8 0SD2
£500K02/210.52 miFlat 2, Florence Court, Maida Vale, London, Greater London W9 1TB2
£415K04/230.52 miFlat 38, Waltham House, Boundary Road, London, Greater London NW8 0JD2
£1.1M08/210.53 miFlat 66, Abbey Lodge, Park Road, London, Greater London NW8 7RL2
£677.5K01/230.55 miFlat 6, Elmfield House, Carlton Hill, London, Greater London NW8 9XB2
£1.1M11/210.57 miSecond Floor Flat, 1, Elsworthy Terrace, London, Greater London NW3 3DR2
£868K03/210.58 miFlat 17, Clifton Court, Northwick Terrace, London, Greater London NW8 8HS2
£427.5K09/210.58 miFlat 18, Greenaway House, Boundary Road, London, Greater London NW8 0HT2
£840K10/210.6 miFlat 49, Visage Apartments, Winchester Road, London, Greater London NW3 3ND2
£770K11/230.6 miFlat 8, Visage Apartments, Winchester Road, London, Greater London NW3 3NW2
£1.2M06/210.61 miFlat 29, Clifton Court, Northwick Terrace, London, Greater London NW8 8HT2
£980K09/210.61 miFlat 74, Clifton Court, Northwick Terrace, London, Greater London NW8 8HX2
£1.0M08/210.61 miFlat 73, Clifton Court, Northwick Terrace, London, Greater London NW8 8HX2
£975K12/210.64 mi97, King Henrys Road, London, Greater London NW3 3QX2
£800K04/210.64 miGround Floor Flat, 117, Randolph Avenue, London, Greater London W9 1DN2
£662.5K12/230.64 miFirst Floor Flat, 117, Randolph Avenue, London, Greater London W9 1DN2

Local Rents

49 rents from £2.4K/mo to £7K/mo, average is £3.4K/mo.

RentDateDistanceAddressBeds 
£2,78606/240 miElgood House, Wellington Road, NW82
£2,78606/240.01 miWellington Road, St. John's Wood2
£2,64806/240.01 miWellington Road, St John's Wood2
£2,75007/240.03 mi-2
£2,75006/240.03 miKingsmill, London, NW82
£3,35007/240.03 mi-2
£3,35006/240.03 miKingsmill, London, NW82
£2,99906/240.03 miFinchley Road, London2
£6,00002/240.03 mi-2
£2,89510/240.04 mi-2
£3,00006/240.04 miWellington Court, St. Johns Wood, NW82
£3,50007/240.04 miPortland House, St. Anns Terrace, NW82
£3,49512/240.05 mi-2
£4,15106/240.05 miWellington Road, St John's Wood2
£6,00006/240.05 miSt. John's Wood Road, London, NW82
£3,49708/240.05 miEyre Court, Finchley Road, St John's Wood, London, NW82
£2,35006/240.05 miReynolds House, Wellington Road, NW82
£4,12506/240.05 miWellington Road, London, NW82
£4,33307/240.05 miWellington Court, Wellington Road, St Johns Wood, NW82
£4,15106/240.05 miWellington Court, 55-67 Wellington Road2
£3,40009/240.05 miWellington Court, St Johns Wood, NW8 2
£2,50006/240.07 miKingsmill Terrace, St John`s Wood, NW82
£4,00007/240.07 miWellington Court, 55-67 Wellington Road, NW82
£3,00006/240.07 miWellington Court, 55-67 Wellington Road, NW82
£6,06707/240.07 miEmbassy Court, Wellington Road, St John's Wood, NW82
£6,79908/240.07 miOne St Johns Wood, 60 St John's Wood Road, St John's Wood, NW82
£6,00008/240.07 miOne St Johns Wood, 60 St John's Wood Road, St John's Wood, NW82
£2,99912/230.08 miWellington Court, NW8 9TD2
£2,92507/240.08 miSt Johns Wood Terrace, St John's Wood, London, NW82
£2,81706/240.08 miWellington Road, St John's Wood, London, NW82
£3,00007/240.08 miWellington Court, St Johns Wood, NW82
£6,99808/240.08 miWellington Road, St John's Wood, NW82
£2,81708/240.08 miWellington Road, St John's Wood, London, NW82
£3,57507/240.09 miEagle House, St. Johns Wood Terrace, St John's Wood, London, NW82
£3,01206/240.09 miCochrane Close, 27-37 Cochrane Street, St. John's Wood, London, NW82
£3,44506/240.09 miGrove End Gardens, 33 Grove End Road, St Johns Wood, London, NW82
£3,87808/240.09 miGrove End Gardens, 33 Grove End Road, St John's Wood, London, NW82
£3,79209/240.09 miGrove End Gardens, 33 Grove End Road, St Johns Wood, London, NW82
£5,95806/240.09 miAcacia Road, London, NW82
£3,50008/240.1 miEyre Court, St Johns Wood, NW82
£3,50008/240.11 miEyre Court, Finchley Road, St John's Wood, London, NW82
£2,99007/240.11 miGrove End Road, St Johns Wood, NW82
£3,50008/240.11 miEyre Court, 3-21 Finchley Road, NW82
£2,60004/250.11 mi-2
£2,62506/240.11 miAvenue House, Allitsen Road2
£2,75007/240.11 miAvenue House, Allitsen Road2
£3,00008/240.11 mi17 Avenue House Allitsen Road2
£3,70008/240.11 miCavendish House, Wellington Road, St John's Wood, NW82
£2,88106/240.11 miFinchley Road, St Johns Wood, NW82

Local Area Statistics

Population in NW8

33,802

Population in London

4,771,921

Town centre distance

2.90 miles away

Nearest school

0.20 miles away

Nearest train station

0.08 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

-22%

Sales demand

Buyer's market

Capital growth (5yrs)

-13%

Property History

Listed for £625,000

November 4, 2024

Floor Plans

Description

  • Two Bedrooms +
  • Bathroom +
  • Reception Room +
  • Kitchen +
  • Two Balconies +
  • Fifth Floor with Passenger Lift +
  • Residents Parking +
  • Leasehold +

A great opportunity to purchase a spacious two double bedroom apartment at the top of St John's Wood High Street. The property has two balconies, one of which has fantastic south-facing views towards the London skyline. This property is located on the fifth-floor of this purpose-built development (with passenger lift) which also has residents' parking subject to availability. The apartment would benefit from modernisation throughout and the lease has already been extended. St John's Wood Underground Station (Jubilee Line) is only 300 metres away with both Lord's Cricket Ground and Regent's Park less than half a mile away.

Agent Details

Winkworth, St John's Wood

020 3870 2627

Next Steps?

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