2 Bed Flat, Refurb/BRRR, London, SW3 5NT, £925,000

Oakley Street, London, Royal Borough of Kensington & Chelsea, SW3 5NT - 3 views - 5 months ago

Under Offer

Leasehold

Refurb/BRRR

ROI: 2%

~68 m²

+9 photos

ValuationOvervalued

Sold Prices	£292K - £4.6M
Sold Prices/m²	£5.1K/m² - £31.2K/m²

Square Metres	~68.11 m²
Price/m²	£13.6K/m²
Value Estimate	£541,792£541,792

End Value (After Refurb)	£1,107,778£1,107,778
Uplift in Value	+20%+20%

Investment Opportunity

Cash In
Purchase Finance	Bridging LoanBridging Loan
Deposit (25%)	£231,250£231,250
Stamp Duty & Legal Fees	£62,700£62,700
Refurb Costs	£36,064£36,064
Bridging Loan Interest	£24,281£24,281
Total Cash In	£356,046£356,046

Cash Out
Monetisation	FlipRefinance & RentFlip
Estimated Sale Price	£1,107,778£1,107,778
Agent Fees (1%)	£11,078£11,078
Bridging Loan	£693,750£693,750
Bridging Loan Interest	£24,281£24,281
Flip Profit	£46,904£46,904

Local Sold Prices

50 sold prices from £292K to £4.6M, average is £1.1M. £5.1K/m² to £31.2K/m², average is £12.9K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£1.4M	11/20	0.06 mi	Garden Maisonette, 105, Oakley Street, London, Greater London SW3 5NR	-	-	2	Flat
£1.1M	09/21	0.13 mi	Flat 38, Chesil Court, Chelsea Manor Street, London, Greater London SW3 5QP	-	-	2	Flat
£890K	06/21	0.13 mi	Flat 42, Chesil Court, Chelsea Manor Street, London, Greater London SW3 5QP	-	-	2	Flat
£850K	12/23	0.13 mi	Flat 4, Swan Court, Chelsea Manor Street, London, Greater London SW3 5RT	-	-	2	Flat
£1.2M	09/21	0.13 mi	Flat 54, Swan Court, Chelsea Manor Street, London, Greater London SW3 5RT	-	-	2	Flat
£1.3M	06/23	0.13 mi	Flat 96, Swan Court, Chelsea Manor Street, London, Greater London SW3 5RU	-	-	2	Flat
£1.3M	05/21	0.13 mi	Flat 113, Swan Court, Chelsea Manor Street, London, Greater London SW3 5RY	-	-	2	Flat
£915K	12/21	0.13 mi	Flat 67, Swan Court, Chelsea Manor Street, London, Greater London SW3 5RX	-	-	2	Flat
£500K	03/23	0.13 mi	Flat 91, Swan Court, Chelsea Manor Street, London, Greater London SW3 5RY	-	-	2	Flat
£875K	06/23	0.13 mi	Ground Floor Flat, 18, Bramerton Street, London, Greater London SW3 5JX	£16,264	54	2	Flat
£620K	03/21	0.13 mi	Flat 67, Chesil Court, Chelsea Manor Street, London, Greater London SW3 5QS	-	-	2	Flat
£620K	06/21	0.13 mi	Flat 74, Chesil Court, Chelsea Manor Street, London, Greater London SW3 5QS	£11,698	53	2	Flat
£620K	06/21	0.13 mi	Flat 74, Chesil Court, Chelsea Manor Street, London, Greater London SW3 5QS	£11,698	53	2	Flat
£1.1M	09/23	0.15 mi	93a, Flood Street, London, Greater London SW3 5TB	£16,462	65	2	Flat
£1.0M	10/23	0.17 mi	Flat 2, Kings Mansions, Lawrence Street, London, Greater London SW3 5ND	-	-	2	Flat
£2.0M	01/21	0.17 mi	105, Flood Street, London, Greater London SW3 5TD	-	-	2	Flat
£1.6M	01/23	0.18 mi	Flat 2, Rossetti Garden Mansions, Flood Street, London, Greater London SW3 5QY	-	-	2	Flat
£1.7M	08/23	0.18 mi	Upper Maisonette, 25, Redesdale Street, London, Greater London SW3 4BL	£17,784	97	2	Flat
£800K	02/24	0.22 mi	65, Radnor Walk, London, Greater London SW3 4BT	£8,421	95	2	Flat
£950K	05/21	0.23 mi	Flat 22, Britten House, Britten Street, London, Greater London SW3 3UB	-	-	2	Flat
£1.3M	01/21	0.23 mi	First Floor Flat, 43, Tedworth Square, London, Greater London SW3 4DW	-	-	2	Flat
£1.0M	11/21	0.3 mi	Flat 10, Beaufort House, Beaufort Street, London, Greater London SW3 5AD	£9,857	105	2	Flat
£1.5M	02/24	0.32 mi	Beaufort Mansions, Flat 60, Beaufort Street, London, Greater London SW3 5AF	£13,378	111	2	Flat
£1.6M	12/20	0.33 mi	34a, Tite Street, London, Greater London SW3 4JA	£22,222	72	2	Flat
£1.3M	03/21	0.33 mi	Flat 1, Astell House, Astell Street, London, Greater London SW3 3RX	-	-	2	Flat
£801K	12/20	0.39 mi	7a, Anhalt Road, London, Greater London SW11 4NZ	-	-	2	Flat
£350K	07/23	0.42 mi	The Studio Flat, 106, Beaufort Street, London, Greater London SW3 6BU	-	-	2	Flat
£604.5K	10/23	0.42 mi	First Floor Flat, 104, Beaufort Street, London, Greater London SW3 6BU	£12,337	49	2	Flat
£1.4M	05/23	0.42 mi	First And Second Floor Flat, 20, Walpole Street, London, Greater London SW3 4QP	-	-	2	Flat
£1.5M	09/23	0.43 mi	Flat B, 2, Anderson Street, London, Greater London SW3 3LU	-	-	2	Flat
£1.7M	08/23	0.43 mi	Flat 164, Cranmer Court, Whiteheads Grove, London, Greater London SW3 3HF	-	-	2	Flat
£1.4M	05/21	0.43 mi	Flat 206, Cranmer Court, Whiteheads Grove, London, Greater London SW3 3HG	-	-	2	Flat
£1.7M	06/23	0.43 mi	Flat 53, Cranmer Court, Whiteheads Grove, London, Greater London SW3 3HW	-	-	2	Flat
£1.5M	07/23	0.43 mi	Flat 237, Cranmer Court, Whiteheads Grove, London, Greater London SW3 3HD	-	-	2	Flat
£1.2M	03/23	0.44 mi	Flat 77, Cranmer Court, Whiteheads Grove, London, Greater London SW3 3HH	-	-	2	Flat
£1.8M	10/20	0.44 mi	15, Anderson Street, London, Greater London SW3 3NH	-	-	2	Flat
£665K	04/23	0.44 mi	Flat 45, Pond House, Pond Place, London, Greater London SW3 6QS	-	-	2	Flat
£4.6M	05/23	0.44 mi	5, Elm Place, London, Greater London SW7 3QH	£31,190	147	2	Flat
£812.5K	04/21	0.45 mi	Lower Ground Floor Flat, 1, Callow Street, London, Greater London SW3 6BJ	-	-	2	Flat
£1.3M	06/21	0.46 mi	Flat 90, Whitelands House, Cheltenham Terrace, London, Greater London SW3 4RA	-	-	2	Flat
£2.2M	01/23	0.46 mi	Flat 87, Whitelands House, Cheltenham Terrace, London, Greater London SW3 4RA	-	-	2	Flat
£840K	01/23	0.47 mi	Flat 29, Elm Park Mansions, Park Walk, London, Greater London SW10 0AW	-	-	2	Flat
£292K	10/20	0.47 mi	7, Camera Place, London, Greater London SW10 0BH	£5,123	57	2	Flat
£1.8M	04/21	0.48 mi	7a, Sydney Place, London, Greater London SW7 3NL	-	-	2	Flat
£1.2M	06/21	0.48 mi	Flat 29, Thurloe Court, Fulham Road, London, Greater London SW3 6SB	-	-	2	Flat
£1.4M	09/21	0.48 mi	Flat 21, Thurloe Court, Fulham Road, London, Greater London SW3 6SB	-	-	2	Flat
£830K	03/21	0.48 mi	Flat 151, Elm Park Mansions, Park Walk, London, Greater London SW10 0AS	-	-	2	Flat
£740K	03/21	0.48 mi	Flat 68, Elm Park Mansions, Park Walk, London, Greater London SW10 0AP	-	-	2	Flat
£800K	01/24	0.48 mi	Flat 132, Elm Park Mansions, Park Walk, London, Greater London SW10 0AR	-	-	2	Flat
£695K	07/23	0.48 mi	Flat 105, Elm Park Mansions, Park Walk, London, Greater London SW10 0AR	-	-	2	Flat

Local Rents

50 rents from £2.3K/mo to £12.6K/mo, average is £4.1K/mo.

Rent	Date	Distance	Address	Beds	Type
£2,950	02/25	0.01 mi	-	2	Flat
£6,283	09/24	0.05 mi	Oakley Street, London, SW3	2	Flat
£3,200	03/25	0.05 mi	-	2	Flat
£6,283	09/24	0.05 mi	Oakley Street, Chelsea, SW3	2	Flat
£12,567	09/24	0.05 mi	Oakley Street, Chelsea, SW3	2	Flat
£6,284	09/24	0.06 mi	Oakley Street, Chelsea, London, SW3	2	Flat
£12,567	09/24	0.06 mi	Oakley Street, Chelsea, London, SW3	2	Flat
£6,283	09/24	0.06 mi	Oakley Street, Chelsea, SW3	2	Flat
£2,300	03/25	0.07 mi	-	2	Flat
£3,683	09/24	0.09 mi	Cheyne Walk, London, SW3	2	Flat
£3,683	09/24	0.09 mi	Pier House, 31 Cheyne Walk, SW3	2	Flat
£3,683	09/24	0.09 mi	Cheyne Walk, London, SW3	2	Flat
£3,683	09/24	0.1 mi	Cheyne Walk, SW3	2	Flat
£3,683	09/24	0.1 mi	Oakley Street, Chelsea, SW3	2	Flat
£4,000	09/24	0.11 mi	-	2	Flat
£4,983	09/24	0.11 mi	-	2	Flat
£4,268	09/24	0.11 mi	-	2	Flat
£4,000	02/25	0.11 mi	-	2	Flat
£4,500	03/25	0.11 mi	-	2	Flat
£4,000	09/24	0.11 mi	Kings Road, London, SW3	2	Flat
£2,817	09/24	0.11 mi	Oakley Street, Chelsea, SW3	2	Flat
£2,817	09/24	0.12 mi	Oakley Street, London, SW3	2	Flat
£4,000	09/24	0.13 mi	Swan Court, Chelsea Manor Street, SW3	2	Flat
£3,792	09/24	0.14 mi	Upper Cheyne Row, London, SW3	2	Flat
£3,683	09/24	0.15 mi	St. Loo Avenue, SW3	2	Flat
£3,250	09/24	0.16 mi	Flood Street, London, SW3	2	Flat
£4,983	09/24	0.16 mi	Kings Road, London, SW3	2	Flat
£4,312	09/24	0.16 mi	Kings Road London SW3	2	Flat
£4,312	09/24	0.17 mi	Kings Road, Chelsea, SW3	2	Flat
£4,983	09/24	0.17 mi	Kings Road, London, SW3	2	Flat
£2,925	09/24	0.17 mi	Lawrence Street, Chelsea, SW3	2	Flat
£3,467	09/24	0.18 mi	Kings Road, Chelsea, SW3	2	Flat
£3,600	09/24	0.18 mi	Lockgate Road, London, SW6	2	Flat
£6,933	09/24	0.19 mi	Old Church Street, Chelsea, SW3	2	Terraced House
£6,478	09/24	0.19 mi	Cavalry Square, Turks Row, London, SW3	2	Flat
£6,045	09/24	0.19 mi	Old Church Street, Chelsea, London, SW3	2	Flat
£6,045	09/24	0.19 mi	Old Church Street, Chelsea, SW3	2	Flat
£2,384	09/24	0.2 mi	Chelsea Manor Street, Chelsea, London, SW3	2	Flat
£6,500	09/24	0.2 mi	Redburn Street, Chelsea, SW3	2	Flat
£10,833	09/24	0.21 mi	Radnor Walk, Chelsea, SW3	2	Flat
£6,500	09/24	0.21 mi	Redburn Street, London, SW3	2	Flat
£3,250	09/24	0.21 mi	Old Church Street, London, SW3	2	Flat
£5,850	09/24	0.22 mi	Redburn Street, Chelsea, London, SW3	2	Flat
£4,312	09/24	0.22 mi	Redesdale Street, Chelsea, London, SW3	2	Flat
£5,000	03/25	0.23 mi	-	2	Flat
£3,250	09/24	0.23 mi	Danvers Street, London, SW3	2	Flat
£2,850	09/24	0.24 mi	-	2	Flat
£6,890	09/24	0.24 mi	Kings road, Chelsea, London, SW3	2	Flat
£3,250	09/24	0.24 mi	Ropers Orchard, Danvers Street, SW3	2	Flat
£6,890	09/24	0.25 mi	Kings Road, Chelsea, SW3	2	Flat

Local Area Statistics

Population in SW3	22,08622,086
Population in London	4,771,9214,771,921
Town centre distance	3.99 miles away3.99 miles away
Nearest school	0.20 miles away0.20 miles away
Nearest train station	0.62 miles away0.62 miles away

Rental demand	Balanced marketBalanced market
Rental growth (12m)	-16%-16%
Sales demand	Buyer's marketBuyer's market
Capital growth (5yrs)	-9%-9%

Property History

Listed for £925,000

November 13, 2024

Floor Plans

Description

2 bedrooms +
2 bathrooms (both en-suite) +
Exceptional ceiling height +
Private patio garden +
c.950 sq ft +
Development opportunity +
Share of freehold +

2 bedroom garden flat requiring modernisation on a sought-after Chelsea street, moments from the Kings Road.

Offering scope to refurbish or reconfigure, this superb garden flat offers c.950 sq ft of generous internal accommodation comprising; west-facing reception room with exceptional ceiling height, separate kitchen, 2 large double bedrooms (both with en-suite facilities), conservatory / garden room and a private courtyard garden. In addition, there are vaults which are currently used for storage and as a dedicated laundry room.

Oakley Street is a broad residential road in Chelsea which boasts close proximity to the Kings Road, Albert Bridge and Battersea Park. There are superb walks along the river and in Battersea Park itself and excellent shopping and dining opportunities nearby. The area is very well served by bus routes and the closest stations are Sloane Square and South Kensington, affording easy access to the City, West End and Canary Wharf.

Offered with a share of the freehold

EPC Rating: C

Agent Details

Sandersons, Holland Park & Notting Hill

020 3893 8800

Next Steps?

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

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