2 Bed Flat, Refurb/BRRR, London, SE4 1JN, £450,000

192 Adelaide Avenue, London, Greater London, SE4 1JN - 5 views - 5 months ago

Leasehold
Refurb/BRRR
ROI: 1%
61 m²

ValuationOvervalued

Sold Prices£242.5K - £665K
Sold Prices/m²£4.3K/m² - £11.5K/m²

 

 

Square Metres

61.41 m²
Price/m²£7.3K/m²

Value Estimate

£427,519

 

 

End Value (After Refurb)

£448,538

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£112,500

Stamp Duty & Legal Fees

£24,700

Refurb Costs

£32,554

Bridging Loan Interest

£11,813

Total Cash In

£183,316

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£448,538

Mortgage (After Refinance)

£336,403

Mortgage LTV

75%

Cash Left In

£183,316

Equity

£112,134

Rent Range

£1,300 - £3,000

Rent Estimate

£1,991

Running Costs/mo

£1,820

Cashflow/mo

£171

Cashflow/yr

£2,053

ROI

1%

Gross Yield

5%

Local Sold Prices

50 sold prices from £242.5K to £665K, average is £445K. £4.3K/m² to £11.5K/m², average is £7.3K/m².

PriceDateDistanceAddressBeds 
£420.4K04/230.02 mi178b, Adelaide Avenue, London, Greater London SE4 1JN2
£412.5K09/230.07 mi25, Algiers Road, London, Greater London SE13 7JD2
£348K09/210.09 mi161b, Ladywell Road, London, Greater London SE13 7HZ2
£470K06/210.11 mi22, Chudleigh Road, London, Greater London SE4 1JW2
£348K09/210.11 mi161b, Ladywell Road, London, Greater London SE13 7HZ2
£418K02/210.18 mi90, Malyons Road, London, Greater London SE13 7XG2
£407.5K03/210.18 mi114, Malyons Road, London, Greater London SE13 7XG2
£405K02/210.18 mi138, Malyons Road, London, Greater London SE13 7XG2
£665K06/230.25 mi77b, Ermine Road, London, Greater London SE13 7JJ2
£440K09/210.28 mi218, Malyons Road, London, Greater London SE13 7XF2
£420.1K06/210.28 mi234, Malyons Road, London, Greater London SE13 7XF2
£445K10/210.35 mi6a, Ladywell Road, London, Greater London SE13 7UW2
£370K02/210.41 mi2, Sinclair Place, London, Greater London SE4 1RS2
£312K10/230.41 mi73b, Albacore Crescent, London, Greater London SE13 7HW2
£445.4K01/230.42 mi133a, Brookbank Road, London, Greater London SE13 7DA2
£400K06/210.42 mi85a, Manwood Road, London, Greater London SE4 1AB2
£531K10/210.43 mi162a, Tressillian Road, London, Greater London SE4 1XY2
£305K09/230.43 mi14, Curness Street, London, Greater London SE13 6JY2
£475K12/200.43 mi133b, Brookbank Road, London, Greater London SE13 7DA2
£242.5K03/210.43 miFlat 39, Kemsley, Lewisham Park, London, Greater London SE13 6QW2
£535K12/200.44 mi76, Merritt Road, London, Greater London SE4 1DX2
£645K01/230.47 mi137a, Breakspears Road, London, Greater London SE4 1TY2
£461.3K06/210.47 mi61c, Tressillian Road, London, Greater London SE4 1YA2
£455K01/230.48 mi82c, Tyrwhitt Road, London, Greater London SE4 1QB2
£465K12/200.48 mi310a, Brockley Road, London, Greater London SE4 2AZ2
£525K09/210.49 miFlat B, 110, Breakspears Road, London, Greater London SE4 1UD2
£410K10/200.5 miFlat 7, Lilac House, Breakspears Road, London, Greater London SE4 1TU2
£401K06/210.5 miFlat 4, Lilac House, Breakspears Road, London, Greater London SE4 1TU2
£290K10/230.51 miFlat B, 5, Medusa Road, London, Greater London SE6 4JW2
£360K10/230.52 miFlat 7, Chiddingstone, Lewisham Park, London, Greater London SE13 6QY2
£485K03/210.53 miFlat A, 102, Sandrock Road, London, Greater London SE13 7TP2
£570K05/210.53 mi81a, Halesworth Road, London, Greater London SE13 7TL2
£450K08/230.53 mi35, Mount Pleasant Road, London, Greater London SE13 6RD2
£650K03/210.53 mi7a, Glensdale Road, London, Greater London SE4 1UE2
£445K03/210.54 mi9b, Drake Road, London, Greater London SE4 1QH2
£423K12/200.55 mi27, George Lane, London, Greater London SE13 6HQ2
£352.5K06/210.55 miFlat 2, Jasmin House, Wickham Road, Brockley, London, Greater London SE4 1NF2
£550K11/200.56 mi74a, Whitbread Road, London, Greater London SE4 2BE2
£330K03/230.56 miGround Floor Flat, 39, Courthill Road, London, Greater London SE13 6DN2
£509.9K12/200.56 mi50c, Mount Pleasant Road, London, Greater London SE13 6RE2
£490K04/210.56 mi57a, Whitbread Road, London, Greater London SE4 2BD2
£512.1K11/210.57 mi25c, Lewisham Park, London, Greater London SE13 6QZ2
£494K08/210.57 miFlat C, 28, Lewisham Park, London, Greater London SE13 6QZ2
£547K09/230.58 miFirst Floor Flat, 39b, Undercliff Road, London, Greater London SE13 7TU2
£350K03/210.58 miFlat 4, May Tree House, Wickham Road, Brockley, London, Greater London SE4 1LZ2
£525K12/200.59 mi36a, Shell Road, London, Greater London SE13 7TW2
£380K04/210.6 miApartment 2, The White Cube, Algernon Road, London, Greater London SE13 7FS2
£600K10/230.61 miGround Floor Flat, 16, Halesworth Road, London, Greater London SE13 7TN2
£489K01/210.61 mi19b, Slaithwaite Road, London, Greater London SE13 6DJ2
£422K07/230.61 miFlat A, 22, Slaithwaite Road, London, Greater London SE13 6DJ2

Local Rents

48 rents from £1.3K/mo to £3K/mo, average is £1.9K/mo.

RentDateDistanceAddressBeds 
£1,65008/240.06 miEastern Road Brockley SE42
£1,75008/240.09 miLadywell Road, Ladywell2
£1,92503/250.09 mi-2
£2,10010/240.1 mi-2
£1,85008/240.12 mi-2
£1,30008/240.12 miLadywell Road, London, SE13 7UZ2
£1,55009/240.15 mi-2
£1,50010/240.17 mi-2
£1,60003/250.17 mi-2
£2,10003/250.17 mi-2
£2,20009/240.22 mi-2
£2,40010/240.22 mi-2
£1,95001/250.22 mi-2
£1,90001/250.25 mi-2
£1,60003/250.26 mi-2
£1,99508/240.32 miAdelaide Avenue, Brockley, SE42
£1,89510/240.32 mi-2
£1,90003/250.32 mi-2
£2,20001/250.32 mi-2
£2,20008/240.35 miAdelaide Avenue, Brockley2
£1,75008/240.38 miRomborough Way, Lewisham, London, SE132
£1,55003/250.39 mi-2
£1,55003/250.39 mi-2
£1,80008/240.41 miSinclair Place, London, SE42
£2,00008/240.42 miBrookbank Road, Lewisham2
£1,95001/250.43 mi-2
£1,75008/240.43 miCurness Street, Lewisham, SE13 6JY2
£1,90002/250.43 mi-2
£1,95010/240.43 mi-2
£1,60003/250.45 mi-2
£1,75012/240.45 mi-2
£1,75008/240.45 miSt. Margarets Road, Brockley2
£2,15001/250.45 mi-2
£1,85003/250.45 mi-2
£1,85003/250.45 mi-2
£2,20012/240.45 mi-2
£1,85008/240.45 miLewisham High Street, Lewisham, SE132
£1,75003/250.46 mi-2
£2,80002/240.46 mi-2
£2,85001/250.46 mi-2
£3,00008/240.46 miLondon, London, SE132
£2,15008/240.47 miBrookbank Road, Lewisham2
£2,00008/240.47 miBreakspears Road, Brockley, London, SE42
£2,30008/240.47 miBrookbank Road Lewisham SE132
£1,65008/240.47 miOvercliff Road, Lewisham, SE132
£2,45009/240.47 mi-2
£2,00008/240.48 miOvercliff Road London SE132
£2,00008/240.48 miBreakspears Road, London, SE42

Local Area Statistics

Population in SE4

28,595

Population in London

4,771,921

Town centre distance

6.06 miles away

Nearest school

0.20 miles away

Nearest train station

0.19 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+18%

Sales demand

Balanced market

Capital growth (5yrs)

+22%

Property History

Listed for £450,000

November 11, 2024

Sold for £242,500

2007

Sold for £147,500

2001

Sold for £79,995

1999

Floor Plans

Description

  • Two Double Bedrooms +
  • Private Rear Garden +
  • Off Street Parking +
  • Modernisation Potential +
  • Close To Transport +
  • No Onward Chain +

A ground floor garden flat in a beautiful Victorian building moments from Hilly Fields. There are two double bedrooms, a good size kitchen/reception room and access to a handy cellar. There is also off street parking, an opportunity to modernise throughout and no onward chain.

Adelaide Avenue is a desirable road in the Brockley Conservation area and moments from Brockley Road with its vibrant range of local shops, cafés and restaurants nearby. The fantastic transport links from Brockley, Crofton Park and Ladywell stations provide frequent services into London and the city.

Agent Details

Dexters, Brockley

020 8815 2220

Next Steps?

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