2 Bed Flat, Refurb/BRRR, London, SE6 4JW, £350,000

Medusa Road, London, SE6 4JW - 7 views - 4 months ago

Sold STC
Refurb/BRRR
ROI: 1%
~68 m²
+8 photos

ValuationUndervalued

Sold Prices£242.5K - £550K
Sold Prices/m²£4.2K/m² - £9.1K/m²

 

 

Square Metres

~68.11 m²
Price/m²£5.1K/m²

Value Estimate

£360,500
BMV3%

 

 

End Value (After Refurb)

£444,606

Uplift in Value

+27%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£87,500

Stamp Duty & Legal Fees

£16,700

Refurb Costs

£36,064

Bridging Loan Interest

£9,188

Total Cash In

£151,202

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Estimated Sale Price

£444,606

Agent Fees (1%)

£4,446

Bridging Loan

£262,500

Bridging Loan Interest

£9,188

Flip Profit

£26,458

Local Sold Prices

50 sold prices from £242.5K to £550K, average is £385K. £4.2K/m² to £9.1K/m², average is £6.6K/m².

PriceDateDistanceAddressBeds 
£290K10/230.01 miFlat B, 5, Medusa Road, London, Greater London SE6 4JW2
£312K10/230.12 mi73b, Albacore Crescent, London, Greater London SE13 7HW2
£385K10/230.14 mi84b, Brookdale Road, London, Greater London SE6 4JP2
£423K12/200.2 mi27, George Lane, London, Greater London SE13 6HQ2
£440K09/210.22 mi218, Malyons Road, London, Greater London SE13 7XF2
£420.1K06/210.22 mi234, Malyons Road, London, Greater London SE13 7XF2
£450K08/230.24 mi32a, Rosenthal Road, London, Greater London SE6 2BY2
£550K07/230.24 mi28, Davenport Road, Catford, London, Greater London SE6 2AZ2
£450K08/230.25 mi35, Mount Pleasant Road, London, Greater London SE13 6RD2
£325K05/210.25 mi41, Farley Road, London, Greater London SE6 2AA2
£360K02/230.26 miLower Floor Flat, 3a, Davenport Road, Catford, London, Greater London SE6 2AY2
£351.8K09/210.28 mi68, Farley Road, London, Greater London SE6 2AB2
£242.5K03/210.29 miFlat 39, Kemsley, Lewisham Park, London, Greater London SE13 6QW2
£509.9K12/200.3 mi50c, Mount Pleasant Road, London, Greater London SE13 6RE2
£385K03/210.32 mi128, Laleham Road, London, Greater London SE6 2AD2
£418K02/210.34 mi90, Malyons Road, London, Greater London SE13 7XG2
£407.5K03/210.34 mi114, Malyons Road, London, Greater London SE13 7XG2
£405K02/210.34 mi138, Malyons Road, London, Greater London SE13 7XG2
£335K06/230.34 miFlat B, 7, Nelgarde Road, London, Greater London SE6 4TA2
£415K11/210.34 mi185, Laleham Road, London, Greater London SE6 2AE2
£360K03/210.34 mi157a, Laleham Road, London, Greater London SE6 2AE2
£512.1K11/210.35 mi25c, Lewisham Park, London, Greater London SE13 6QZ2
£494K08/210.35 miFlat C, 28, Lewisham Park, London, Greater London SE13 6QZ2
£335K01/210.36 mi7, Nelgarde Road, London, Greater London SE6 4TA2
£440K09/230.37 mi104a, Ringstead Road, London, Greater London SE6 2BS2
£310K11/210.4 miFlat B, 96, Farley Road, London, Greater London SE6 2AR2
£300K09/210.41 mi12, Iona Close, London, Greater London SE6 4YL2
£300K12/230.41 mi10, Iona Close, London, Greater London SE6 4YL2
£470K06/210.41 mi22, Chudleigh Road, London, Greater London SE4 1JW2
£370K02/210.42 mi2, Sinclair Place, London, Greater London SE4 1RS2
£320K12/220.42 mi2, Iona Close, London, Greater London SE6 4YL2
£276K06/210.42 mi75c, Laleham Road, London, Greater London SE6 2HU2
£360K10/230.43 miFlat 7, Chiddingstone, Lewisham Park, London, Greater London SE13 6QY2
£409K06/210.46 miGarden Flat, 112, Mount Pleasant Road, London, Greater London SE13 6HX2
£399.9K12/200.46 miLower Floor, 127, George Lane, London, Greater London SE13 6HP2
£445K10/210.5 mi6a, Ladywell Road, London, Greater London SE13 7UW2
£420.4K04/230.5 mi178b, Adelaide Avenue, London, Greater London SE4 1JN2
£338.9K12/220.5 mi82, Sangley Road, London, Greater London SE6 2JP2
£365K03/210.5 mi148, Sangley Road, London, Greater London SE6 2JP2
£356.4K09/210.5 mi132, Sangley Road, London, Greater London SE6 2JP2
£400K06/210.51 mi85a, Manwood Road, London, Greater London SE4 1AB2
£311.5K05/210.51 mi87, Radford Road, London, Greater London SE13 6SB2
£410.5K01/210.53 mi57g, Ravensbourne Park Crescent, London, Greater London SE6 4YG2
£450K09/230.54 mi58, Radford Road, London, Greater London SE13 6RZ2
£467.5K11/200.54 mi64, Radford Road, London, Greater London SE13 6RZ2
£348K09/210.54 mi161b, Ladywell Road, London, Greater London SE13 7HZ2
£412.5K09/230.55 mi25, Algiers Road, London, Greater London SE13 7JD2
£348K09/210.55 mi161b, Ladywell Road, London, Greater London SE13 7HZ2
£380K05/230.56 mi18, Springrice Road, London, Greater London SE13 6HR2
£380K12/200.56 mi4a, Springrice Road, London, Greater London SE13 6HR2

Local Rents

49 rents from £1.5K/mo to £3.1K/mo, average is £1.9K/mo.

RentDateDistanceAddressBeds 
£1,65008/240.08 mi19 BRADGATE ROAD, Catford, London, SE62
£1,50008/240.12 miRushey Green, Catford, SE62
£1,70008/240.16 miWildfell Road, London, SE62
£1,70008/240.16 mi-2
£1,80008/240.16 mi-2
£1,90010/240.16 mi-2
£2,00011/240.16 mi-2
£2,00002/250.16 mi-2
£2,44008/240.17 mi-2
£1,60008/240.17 miRushey Green, Catford, London, SE62
£1,90003/250.19 mi-2
£2,15011/240.19 mi-2
£1,85008/240.2 mi-2
£1,70008/240.2 miAdenmore Road, London, SE62
£1,90008/240.2 miAdenmore Road Catford SE62
£2,30008/240.2 miRoxley Road, Lewisham2
£1,90008/240.21 miAdenmore Road, Catford, London, SE6 4EJ2
£2,00002/250.21 mi-2
£1,90008/240.21 miDunstone Court, Catford Green, Adenmore Road, Catford, SE6 4DZ2
£2,00009/240.21 mi-2
£1,60002/250.24 mi-2
£1,50008/240.24 miDavenport Road, London, SE62
£1,60008/240.25 miMount Pleasant Road London SE132
£2,20003/250.25 mi-2
£1,91909/240.25 mi-2
£1,90002/250.26 mi-2
£1,75003/250.26 mi-2
£2,30003/250.26 mi-2
£3,15003/250.27 mi-2
£1,51602/250.3 mi-2
£1,51602/250.3 mi-2
£1,51602/250.3 mi-2
£1,60003/250.3 mi-2
£1,70012/240.31 mi-2
£2,00009/240.31 miRingstead Road, Catford, London, SE62
£1,80008/240.31 miRingstead Road, London2
£1,70002/240.31 mi-2
£1,75012/240.32 mi-2
£1,80011/240.32 mi-2
£2,00008/240.32 mi-2
£1,80010/240.32 mi-2
£1,85003/250.32 mi-2
£2,00009/240.32 miAdenmore Road, London, SE62
£2,00008/240.32 miLewisham Park, Lewisham2
£1,90008/240.33 miPlassy Road Catford SE62
£1,80009/240.34 miGeorge Lane London SE132
£1,85009/240.34 mi-2
£1,75010/240.34 mi-2
£1,80011/240.34 mi-2

Local Area Statistics

Population in SE6

53,011

Population in London

4,771,921

Town centre distance

6.53 miles away

Nearest school

0.20 miles away

Nearest train station

0.42 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+6%

Sales demand

Balanced market

Capital growth (5yrs)

+10%

Property History

Listed for £350,000

November 19, 2024

Floor Plans

Description

  • Period Conversion +
  • Share of Freehold +
  • Resident Parking +
  • Chain Free +

Split level period property which is offered to the market chain free and with share of freehold. Accommodation comprises of large lounge to the front, double bedroom, kitchen/breakfast room to the rear and second bedroom in the loft. The property has high ceilings and well proportioned rooms. The flat is in need of some updating, but in our opinion would make an ideal first time buy or Investment property.

Medusa Road has a strong community feel to it and is well positioned for particularly good local primary schools; Rathfern Primary and Holbeach Primary. Ladywell Fields is located just at the end of Medusa Road and a short walk through the park leads you to Ladywell station. You are spoilt for choice with transport links as you are also not far from both Catford's station offering exceptional transport links into Central London; 20 minutes to Charing Cross and 24 minutes to Canary Wharf. The property is being offered with no onward chain.

Share of Freehold with 91 years remaining on the lease
Council Tax Band D
EPC To follow
Service Charge Ad Hoc

IMPORTANT NOTE TO POTENTIAL PURCHASERS & TENANTS: We endeavour to make our particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or fact. The services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency is given. All photographs and measurements have been taken as a guide only and are not precise. Floor plans where included are not to scale and accuracy is not guaranteed. If you require clarification or further information on any points, please contact us, especially if you are traveling some distance to view. POTENTIAL PURCHASERS: Fixtures and fittings other than those mentioned are to be agreed with the seller. POTENTIAL TENANTS: All properties are available for a minimum length of time, with the exception of short term accommodation. Please contact the branch for details. A security deposit of at least one month’s rent is required. Rent is to be paid one month in advance. It is the tenant’s responsibility to insure any personal possessions. Payment of all utilities including water rates or metered supply and Council Tax is the responsibility of the tenant in every case.

CAT240204/2

Agent Details

Reeds Rains, Catford

020 3834 8156

Next Steps?

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