4 Bed Semi-Detached House, Refurb/BRRR, London, SW16 3BL, £650,000

Green Lane, Streatham, SW16 3BL - 6 views - 4 months ago

Refurb/BRRR

ROI: 1%

~129 m²

+5 photos

ValuationFair Value

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Investment Opportunity

Cash In
Purchase Finance	Bridging LoanBridging Loan
Deposit (25%)	£162,500£162,500
Stamp Duty & Legal Fees	£40,700£40,700
Refurb Costs	£68,400£68,400
Bridging Loan Interest	£17,063£17,063
Total Cash In	£290,413£290,413

Cash Out
Monetisation	FlipRefinance & RentRefinance & Rent
Revaluation	£775,932£775,932
Mortgage (After Refinance)	£581,949£581,949
Mortgage LTV	75%75%
Cash Released	£94,449£94,449
Cash Left In	£195,963£195,963
Equity	£193,983£193,983
Rent Range	£2,000 - £8,200£2,000 - £8,200
Rent Estimate	£3,316
Running Costs/mo	£3,108£3,108
Cashflow/mo	£208£208
Cashflow/yr	£2,496£2,496
ROI	1%1%
Gross Yield	6%6%

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Local Rents

50 rents from £2K/mo to £8.2K/mo, average is £2.8K/mo.

Rent	Date	Distance	Address	Beds	Type
£2,200	09/24	0.1 mi	Courtland Avenue, Norbury	3	Terraced House
£7,500	12/24	0.14 mi	-	8	Terraced House
£2,250	09/24	0.17 mi	Heatherset Gardens, Norbury, SW16	3	Terraced House
£3,000	09/24	0.17 mi	-	3	Semi-Detached House
£3,000	09/24	0.25 mi	-	3	Semi-Detached House
£2,850	09/24	0.31 mi	Fontaine Road, Streatham, London, SW16	3	Flat
£2,400	09/24	0.31 mi	Copley Park, LONDON	3	Flat
£2,800	11/24	0.35 mi	-	3	Flat
£2,800	12/24	0.35 mi	-	3	Flat
£2,900	02/25	0.35 mi	-	3	Flat
£8,200	11/24	0.35 mi	-	4	Terraced House
£4,000	09/24	0.35 mi	-	3	Detached House
£2,300	09/24	0.38 mi	Norbury Crescent	3	Flat
£8,000	09/24	0.39 mi	Hollies Close, Norwood Grove, SW16	6	Detached House
£4,200	09/24	0.39 mi	Heybridge Avenue, Streatham, London, SW16	4	Flat
£4,400	09/24	0.39 mi	-	6	Semi-Detached House
£2,650	03/24	0.4 mi	-	4	Semi-Detached House
£2,650	03/24	0.4 mi	Buckingham Avenue, Norbury, CR7	4	Detached House
£3,000	09/24	0.41 mi	The Grove, Streatham, London, SW16	3	Flat
£3,499	02/25	0.44 mi	-	4	Semi-Detached House
£3,000	02/24	0.44 mi	-	3	Flat
£2,750	03/24	0.44 mi	-	3	Flat
£2,750	03/24	0.44 mi	-	3	Flat
£3,400	09/24	0.46 mi	Arragon Gardens, London, SW16	4	Detached House
£5,950	09/24	0.46 mi	Norbury Crescent, London, SW16	6	Detached House
£2,299	02/25	0.46 mi	-	4	Terraced House
£4,900	03/25	0.46 mi	-	6	Semi-Detached House
£5,500	09/24	0.48 mi	Craignish Avenue, LONDON	6	Flat
£3,650	02/25	0.48 mi	-	4	Semi-Detached House
£3,500	01/25	0.48 mi	-	4	Semi-Detached House
£2,800	01/25	0.49 mi	-	4	Semi-Detached House
£3,300	09/24	0.5 mi	-	3	Semi-Detached House
£2,850	03/25	0.5 mi	-	3	Terraced House
£2,000	12/24	0.5 mi	-	3	Flat
£2,625	02/25	0.51 mi	-	3	Flat
£2,195	08/24	0.52 mi	Biggin Hill Road	3	Terraced House
£2,200	01/25	0.52 mi	-	3	Flat
£2,100	09/24	0.54 mi	Stanford Road Norbury	3	Terraced House
£2,800	01/25	0.55 mi	-	3	Semi-Detached House
£2,600	12/24	0.56 mi	-	3	Semi-Detached House
£2,850	09/24	0.57 mi	Streatham Common North, Streatham Common, London, SW16	3	Flat
£2,495	08/24	0.58 mi	Preston Road, London	3	Terraced House
£2,495	08/24	0.58 mi	Preston Road, London	3	Terraced House
£3,250	09/24	0.58 mi	-	3	Flat
£3,250	09/24	0.58 mi	-	3	Flat
£2,300	09/24	0.58 mi	-	4	Terraced House
£2,300	09/24	0.58 mi	Woodmansterne Road, London, SW16	4	Terraced House
£5,800	12/24	0.58 mi	-	4	Semi-Detached House
£2,750	03/25	0.59 mi	-	3	Terraced House
£2,500	01/25	0.59 mi	-	3	Semi-Detached House

Local Area Statistics

Population in SW16	81,54381,543
Population in London	4,771,9214,771,921
Town centre distance	7.81 miles away7.81 miles away
Nearest school	0.30 miles away0.30 miles away
Nearest train station	0.33 miles away0.33 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	+16%+16%
Sales demand	Balanced marketBalanced market
Capital growth (5yrs)	+17%+17%

Property History

Listed for £650,000

November 12, 2024

Floor Plans

Description

Four Bedrooms +
Chain Free +
Two Receptions +
Garage +
Separate Kitchen/Diner +
Off-Street Parking +

Offered with no onward chain is this semi-detached, four bedroom, family home. In need of some modernising throughout, this property has plenty of potential for any family looking to create a spacious and charming home. Downstairs there are two reception rooms as well as a separate kitchen/diner. This leads through to the utility room and the well maintained garden and own garage.

A large entrance hallway leads upstairs to the four bedrooms and a family bathroom. This home also has the benefit of shared side access and off-street parking and has plenty of natural light throughout.

Located on the very popular and well known road, Green Lane, this property is within reachable distance from Norbury Station for links into Victoria and London Bridge. There are regular bus routes through to Croydon and Brixton. Streatham Common and Norbury Park are within walking distance and offer spaces like the Rookery to enjoy.

Agent Details

Dexters, Streatham

020 8674 7400

Next Steps?

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

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