2 Bed Flat, Refurb/BRRR, London, SW12 9LZ, £550,000

Fontenoy Road, London, SW12 9LZ - 7 views - 4 months ago

Refurb/BRRR
ROI: 2%
~68 m²
+4 photos

ValuationFair Value

Sold Prices£123K - £830K
Sold Prices/m²£1.9K/m² - £15.2K/m²

 

 

Square Metres

~68.11 m²
Price/m²£8.1K/m²

Value Estimate

£541,031

 

 

End Value (After Refurb)

£554,392

Uplift in Value

+1%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£137,500

Stamp Duty & Legal Fees

£32,700

Refurb Costs

£36,069

Bridging Loan Interest

£14,438

Total Cash In

£222,457

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£554,392

Mortgage (After Refinance)

£415,794

Mortgage LTV

75%

Cash Released

£3,294

Cash Left In

£219,163

Equity

£138,598

Rent Range

£1,750 - £5,430

Rent Estimate

£2,546

Running Costs/mo

£2,262

Cashflow/mo

£284

Cashflow/yr

£3,412

ROI

2%

Gross Yield

6%

Local Sold Prices

50 sold prices from £123K to £830K, average is £667.5K. £1.9K/m² to £15.2K/m², average is £9.1K/m².

PriceDateDistanceAddressBeds 
£687.5K11/230.03 mi57, Dornton Road, London, Greater London SW12 9NF2
£537K02/230.11 miFlat C, 20, Veronica Road, London, Greater London SW17 8QL2
£635K10/230.13 mi24d, Veronica Road, London, Greater London SW17 8QL2
£512K06/210.13 mi20a, Veronica Road, London, Greater London SW17 8QL2
£512K06/210.15 mi20a, Veronica Road, London, Greater London SW17 8QL2
£830K03/210.16 miFlat A, 51, Carminia Road, London, Greater London SW17 8AJ2
£805K05/230.18 miFlat C, 15, Elmbourne Road, London, Greater London SW17 8JS2
£388K03/230.18 mi43, Hillbury Road, Balham, London, Greater London SW17 8JT2
£748K11/200.19 mi42a, Byrne Road, London, Greater London SW12 9JD2
£775K12/200.21 mi42a, Childebert Road, London, Greater London SW17 8EX2
£512K07/230.24 mi5, Manville Gardens, London, Greater London SW17 8JP2
£675K08/230.24 mi5c, Byrne Road, London, Greater London SW12 9HZ2
£607.5K06/230.24 mi29b, Byrne Road, London, Greater London SW12 9HZ2
£665K06/230.24 mi11, Byrne Road, London, Greater London SW12 9HZ2
£670K01/210.27 miFirst Floor Flat At, 84, Fernlea Road, London, Greater London SW12 9RW2
£775.5K01/210.31 mi329, Cavendish Road, London, Greater London SW12 0PQ2
£600K09/230.31 mi339, Cavendish Road, London, Greater London SW12 0PQ2
£465K10/210.32 mi75, Larch Close, London, Greater London SW12 9SX2
£625K06/230.32 mi48a, Fernlea Road, London, Greater London SW12 9RN2
£575K02/230.33 mi37b, Fernlea Road, London, Greater London SW12 9RT2
£600K10/210.34 mi41b, Fernlea Road, London, Greater London SW12 9RT2
£467K02/230.34 mi41c, Fernlea Road, London, Greater London SW12 9RT2
£810K08/230.35 mi61a, Foxbourne Road, Balham, London, Greater London SW17 8EN2
£637.5K04/210.35 mi34, Oakmead Road, London, Greater London SW12 9SL2
£750K02/210.36 mi40a, Rossiter Road, London, Greater London SW12 9RU2
£570K11/200.37 mi289b, Cavendish Road, London, Greater London SW12 0PH2
£692K01/230.37 mi89, Haverhill Road, London, Greater London SW12 0HE2
£765K11/210.39 mi76a, Haverhill Road, London, Greater London SW12 0HB2
£675.1K06/210.39 mi72, Haverhill Road, London, Greater London SW12 0HB2
£642.5K06/210.39 mi70a, Haverhill Road, London, Greater London SW12 0HB2
£695K09/210.39 mi19, Ravenstone Street, Balham, London, Greater London SW12 9ST2
£610K12/200.4 mi11a, Glenfield Road, London, Greater London SW12 0HQ2
£670K08/210.4 mi17, Glenfield Road, London, Greater London SW12 0HQ2
£765K06/230.4 mi23, Glenfield Road, London, Greater London SW12 0HQ2
£715K03/210.4 mi59a, Oakmead Road, London, Greater London SW12 9SH2
£725K03/210.41 mi8a, Glenfield Road, London, Greater London SW12 0HG2
£123K04/210.42 miGround Floor Flat, 75, Laitwood Road, London, Greater London SW12 9QH2
£730K04/210.43 mi37c, Fieldhouse Road, London, Greater London SW12 0HL2
£635K08/210.43 mi13, Fieldhouse Road, London, Greater London SW12 0HL2
£720K11/200.43 mi9, Fieldhouse Road, London, Greater London SW12 0HL2
£535K10/200.44 mi48, Haverhill Road, London, Greater London SW12 0HA2
£732.5K11/200.44 mi45a, Emmanuel Road, London, Greater London SW12 0HN2
£650K04/210.45 mi28a, Fieldhouse Road, London, Greater London SW12 0HJ2
£736.5K09/230.45 mi4a, Fieldhouse Road, London, Greater London SW12 0HJ2
£750K02/210.45 mi22a, Fieldhouse Road, London, Greater London SW12 0HJ2
£675K06/210.46 mi215, Sternhold Avenue, London, Greater London SW2 4PG2
£765K03/210.47 miGround Floor Flat, 1, Midmoor Road, London, Greater London SW12 0EW2
£665K06/210.47 mi11a, Midmoor Road, London, Greater London SW12 0EW2
£565K12/200.48 mi47a, Laitwood Road, London, Greater London SW12 9QN2
£550K05/230.49 miFirst Floor Flat, 21, Laitwood Road, London, Greater London SW12 9QN2

Local Rents

50 rents from £1.8K/mo to £5.4K/mo, average is £2.4K/mo.

RentDateDistanceAddressBeds 
£2,80010/240.05 mi-2
£2,50009/240.05 miBedford Hill, Balham, London, SW122
£2,10009/240.07 miVeronica Road, London, SW172
£2,37502/240.07 mi-2
£2,20011/240.11 mi-2
£2,20002/250.11 mi-2
£2,20002/250.11 mi-2
£2,15003/250.12 mi-2
£1,85012/240.14 mi-2
£2,30001/250.14 mi-2
£2,49609/240.14 miRyde Vale Road, Balham, London, SW122
£2,95010/240.16 mi-2
£2,50003/250.17 mi-2
£2,20009/240.18 mi-2
£2,40011/240.18 mi-2
£2,40009/240.18 mi-2
£4,75009/240.18 miThe Chapel, London, SW122
£4,75009/240.18 mi-2
£2,45003/250.18 mi-2
£2,40009/240.19 mi-2
£2,50009/240.19 miByrne Road, London, SW122
£2,10003/250.19 mi-2
£2,65002/250.19 mi-2
£2,95012/240.19 mi-2
£3,00012/240.19 mi-2
£5,43003/250.19 mi-2
£2,85012/240.2 mi-2
£2,30009/240.2 miRitherdon Road, SW172
£1,75009/240.21 miBedford Hill, Balham2
£2,75003/250.21 mi-2
£2,75001/250.21 mi-2
£2,60011/240.22 mi-2
£2,60009/240.22 mi-2
£2,10003/250.22 mi-2
£2,60709/240.23 mi-2
£2,20002/240.25 mi-2
£2,35009/240.26 mi-2
£1,80009/240.26 mi-2
£1,80011/240.26 mi-2
£2,09502/240.29 mi-2
£3,25002/250.31 mi-2
£1,90009/240.31 miEmmanuel Road, Balham2
£2,40011/240.32 mi-2
£2,00002/250.32 mi-2
£2,75009/240.34 miEmmanuel Road, SW122
£2,65009/240.34 mi-2
£2,35003/250.35 mi-2
£2,30001/250.35 mi-2
£3,00011/240.36 mi-2
£3,05009/240.37 miCavendish Road, SW122

Local Area Statistics

Population in SW12

31,261

Population in London

4,771,921

Town centre distance

6.45 miles away

Nearest school

0.40 miles away

Nearest train station

0.41 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+7%

Sales demand

Seller's market

Capital growth (5yrs)

+2%

Property History

Listed for £550,000

November 11, 2024

Floor Plans

Description

  • Two bedroom +
  • Own garden +
  • In need of refurbishment +
  • Close to Balham station +

Two-bedroom ground floor flat with private garden, comprising two bedrooms, a reception room, kitchen, dining room, and bathroom. The property is in need of full refurbishment but presents great potential to be transformed into a comfortable, customized home.  Located within ten minutes walk of Balham tube and train as well a good choice of shops, restaurants and bars on Balham High Road.

Agent Details

John Dean, London

020 3840 3472

Next Steps?

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