3 Bed Terraced House, Refurb/BRRR, London, SE25 4RE, £485,000

39 Cumberland Road, London, Greater London, SE25 4RE - 4 views - 4 months ago

Sold STC
Refurb/BRRR
ROI: 1%
92 m²
+15 photos

ValuationOvervalued

Sold Prices£210K - £555K
Sold Prices/m²£2.9K/m² - £7.4K/m²

 

 

Square Metres

92 m²
Price/m²£5.3K/m²

Value Estimate

£460,000

 

 

End Value (After Refurb)

£471,500

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£121,250

Stamp Duty & Legal Fees

£28,700

Refurb Costs

£48,671

Bridging Loan Interest

£12,731

Total Cash In

£213,102

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£471,500

Mortgage (After Refinance)

£353,625

Mortgage LTV

75%

Cash Left In

£213,102

Equity

£117,875

Rent Range

£1,750 - £2,750

Rent Estimate

£2,196

Running Costs/mo

£1,933

Cashflow/mo

£263

Cashflow/yr

£3,160

ROI

1%

Gross Yield

5%

Local Sold Prices

50 sold prices from £210K to £555K, average is £450K. £2.9K/m² to £7.4K/m², average is £5.1K/m².

PriceDateDistanceAddressBeds 
£417K06/210 mi40, Cumberland Road, London, Greater London SE25 4RE3
£463K08/210.01 mi20, Cumberland Road, London, Greater London SE25 4RE3
£430K01/230.05 mi63, Estcourt Road, London, Greater London SE25 4SB3
£455K02/210.06 mi65, Estcourt Road, London, Greater London SE25 4SB3
£430K01/230.07 mi45, Estcourt Road, London, Greater London SE25 4SE3
£430K01/210.07 mi17, Tudor Road, London, Greater London SE25 4RH3
£426.5K10/210.07 mi34, Grasmere Road, London, Greater London SE25 4RF3
£410K04/210.07 mi52, Grasmere Road, London, Greater London SE25 4RF3
£515K03/230.09 mi119, Estcourt Road, London, Greater London SE25 4SA3
£460.5K11/200.09 mi113, Estcourt Road, London, Greater London SE25 4SA3
£395K09/210.1 mi10, Estcourt Road, London, Greater London SE25 4SD3
£465K04/210.11 mi192, Albert Road, London, Greater London SE25 4RL3
£405K02/210.12 mi45, Spring Lane, London, Greater London SE25 4SP3
£525K12/200.13 mi3a, Belmont Road, London, Greater London SE25 4QG3
£250K10/210.13 mi22, Longhurst Road, Croydon, Greater London CR0 7AS3
£420K06/230.13 mi10, Longhurst Road, Croydon, Greater London CR0 7AS3
£462K02/230.14 mi273, Albert Road, London, Greater London SE25 4RN3
£450K02/230.14 mi305, Portland Road, London, Greater London SE25 4QQ3
£400K01/210.16 mi23, Woodside Avenue, London, Greater London SE25 5DW3
£515.5K04/210.17 mi33, Dundee Road, London, Greater London SE25 4QN3
£430K03/210.18 mi46, Macclesfield Road, London, Greater London SE25 4RX3
£520K11/200.19 mi18, Ferndale Road, London, Greater London SE25 4QP3
£418K03/210.21 mi130, Woodside Green, London, Greater London SE25 5EW3
£450K12/200.22 mi161, Woodside Green, London, Greater London SE25 5HY3
£440K01/210.22 mi13, Woodside Park, London, Greater London SE25 5DN3
£537.5K12/220.23 mi36, Oakley Road, London, Greater London SE25 4XQ3
£395K06/210.23 mi44, Oakley Road, London, Greater London SE25 4XQ3
£465K12/200.23 mi34, Oakley Road, London, Greater London SE25 4XQ3
£362K12/200.24 mi14, Cobden Road, London, Greater London SE25 5NX3
£460K11/200.25 mi73, Cobden Road, London, Greater London SE25 5NU3
£402K11/200.25 mi125, Cobden Road, London, Greater London SE25 5NU3
£490K01/230.3 mi2, Swinburne Crescent, Croydon, Greater London CR0 7BY3
£210K05/230.31 mi50, Stroud Green Way, Croydon, Greater London CR0 7BB3
£457K01/210.32 mi73, Watcombe Road, London, Greater London SE25 4XA3
£485K01/210.32 mi7, Watcombe Road, London, Greater London SE25 4XA3
£425K12/200.32 mi9, Delamare Crescent, Croydon, Greater London CR0 7BW3
£440K05/210.33 mi8, Watcombe Road, London, Greater London SE25 4UZ3
£500K06/230.34 mi13, Stroud Road, London, Greater London SE25 5DR3
£444.5K06/210.34 mi9, Stroud Road, London, Greater London SE25 5DR3
£515K05/230.34 mi143, Birchanger Road, London, Greater London SE25 5BH3
£490K11/210.35 mi34, Dickensons Lane, London, Greater London SE25 5HS3
£500K11/200.36 mi17, Denmark Road, London, Greater London SE25 5QU3
£475K06/210.37 mi14, Enmore Avenue, London, Greater London SE25 5LG3
£515K06/230.38 mi30, Aylett Road, London, Greater London SE25 4JY3
£475K11/210.38 mi2, Aylett Road, London, Greater London SE25 4JY3
£450K01/230.39 mi89, Birchanger Road, London, Greater London SE25 5BG3
£340K06/210.39 mi16e, Salisbury Road, London, Greater London SE25 5DU3
£405K08/210.39 mi19, Holland Road, London, Greater London SE25 5QT3
£555K10/220.43 mi11, Belfast Road, London, Greater London SE25 4LA3
£467K02/210.44 mi34, Pagehurst Road, Croydon, Greater London CR0 6NR3

Local Rents

50 rents from £1.8K/mo to £2.8K/mo, average is £2.2K/mo.

RentDateDistanceAddressBeds 
£2,60009/240.07 mi-3
£2,10003/250.09 mi-3
£1,90008/240.16 miDundee Road, London, SE253
£2,50008/240.17 mi-3
£2,50008/240.17 mi-3
£2,49508/240.17 mi-3
£2,49508/240.17 mi-3
£2,50008/240.17 mi-3
£2,20002/250.21 mi-3
£2,20008/240.21 miFerndale Road, LONDON3
£2,00008/240.24 miOakley Road, South Norwood, London, SE253
£1,79508/240.28 mi-3
£1,79508/240.28 mi-3
£1,85008/240.28 mi-3
£1,75003/250.28 mi-3
£2,15012/240.29 miStroud Green Way, CR03
£2,15012/240.29 miStroud Green Way, Croydon, CR03
£2,10012/240.34 mi-3
£2,00008/240.35 miBirchanger Road, South Norwood3
£2,65009/240.38 mi-3
£2,00004/250.43 mi-3
£2,30012/240.44 mi-3
£2,00001/250.45 mi-3
£2,20003/250.47 mi-3
£2,20012/240.47 miShirley Road, Croydon, CR03
£2,10011/230.47 miTennison Road, London, SE253
£2,30003/250.47 mi-3
£2,10012/240.49 miChaucer Green, Croydon, CR03
£2,10008/240.52 miSidney Road, London, SE253
£2,20008/240.52 mi-3
£2,40008/240.53 miPortland Road, London3
£2,40008/240.53 miPortland Road, London3
£2,25008/240.53 miBirchanger Road, South Norwood3
£2,25012/240.54 miBlackhorse Lane, Croydon, Surrey3
£2,00012/240.55 mi-3
£2,00012/240.55 miDavidson Road, Croydon, CR03
£2,20008/240.55 miPercy Road London SE253
£1,90008/240.57 miCresswell Road, London3
£2,10008/240.57 mi-3
£1,98503/240.58 mi-3
£2,00008/240.58 miSidney Road, London, SE253
£2,00008/240.58 mi-3
£2,40012/240.59 mi-3
£2,15012/240.59 miSutton Gardens, CROYDON3
£2,20008/240.6 miAddison Road, London3
£1,85012/240.6 miBeckford Road, Addiscombe, CR03
£2,60012/240.61 mi-3
£2,20002/240.61 mi-3
£2,75009/240.62 mi-3
£2,26001/250.62 mi-3

Local Area Statistics

Population in SE25

34,495

Population in London

4,771,921

Town centre distance

9.71 miles away

Nearest school

0.20 miles away

Nearest train station

0.23 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-6%

Sales demand

Balanced market

Capital growth (5yrs)

+15%

Property History

Price changed to £485,000

January 15, 2025

Listed for £500,000

November 20, 2024

Sold for £238,000

2005

Sold for £137,000

2001

Sold for £94,000

1997

Floor Plans

Description

  • IN NEED OF MODERNISATION +
  • THREE BEDROOMS +
  • TW0 RECEPTION ROOMS +
  • UPSTAIR BATHROOM +
  • GARAGE ON THE SIDE +
  • QUIET ROAD +

Three bedrooms/two reception rooms/kitchen/garage on the side/upstairs bathroom

This three-bedroom, two-reception room home with a side garage offers a wonderful opportunity for those looking to personalize their living space. Although it requires some updating, it boasts an excellent location that enhances its appeal.

Key features include:
Three Bedrooms: Providing ample space for family living or home office setups.
Two Reception Rooms: Ideal for entertaining, relaxing, or flexible use.
Garage: Situated to the side, perfect for parking or additional storage.
Location highlights:

Walking distance to a local tram stop, leisure center, schools, and bus stops.
Close to Norwood Junction Station, offering a 12-minute link to London Bridge, easy access to Clapham, Brighton, and more.
Conveniently located near a bustling high street with a variety of shops and restaurants.
With its excellent transport links and vibrant neighborhood, this property presents a fantastic opportunity to create a comfortable home tailored to your needs in a highly sought-after area.

Agent Details

Jukes & Co Estate Agents, South Norwood

020 3835 5432

Next Steps?

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