3 Bed Terraced House, Refurb/BRRR, Beckenham, BR3 3RT, £500,000

Aviemore Way, Beckenham, BR3 3RT - 7 views - 4 months ago

Sold STC
Refurb/BRRR
Planning
ROI: 1%
~93 m²
+11 photos

ValuationFair Value

Sold Prices£445K - £740K
Sold Prices/m²£4.4K/m² - £7.9K/m²

 

 

Square Metres

~93 m²
Price/m²£5.4K/m²

Value Estimate

£500,000

 

 

End Value (After Refurb)

£536,741

Uplift in Value

+7%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£125,000

Stamp Duty & Legal Fees

£28,700

Refurb Costs

£49,200

Bridging Loan Interest

£13,125

Total Cash In

£217,775

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£536,741

Mortgage (After Refinance)

£402,556

Mortgage LTV

75%

Cash Released

£27,556

Cash Left In

£190,219

Equity

£134,185

Rent Range

£2,000 - £3,818

Rent Estimate

£2,324

Running Costs/mo

£2,162

Cashflow/mo

£162

Cashflow/yr

£1,943

ROI

1%

Gross Yield

6%

Local Sold Prices

50 sold prices from £445K to £740K, average is £527.5K. £4.4K/m² to £7.9K/m², average is £5.7K/m².

PriceDateDistanceAddressBeds 
£523K03/210.04 mi229, Orchard Way, Beckenham, Greater London BR3 3EL3
£502.5K04/210.04 mi91, Aviemore Way, Beckenham, Greater London BR3 3RS3
£525K12/200.06 mi85, Greenview Avenue, Beckenham, Greater London BR3 3RU3
£560K05/230.06 mi122, Greenview Avenue, Beckenham, Greater London BR3 3RU3
£475K11/200.06 mi121, Aylesford Avenue, Beckenham, Greater London BR3 3RX3
£485K03/230.1 mi26, Burrell Close, Croydon, Greater London CR0 7QL3
£474K12/200.11 mi42, Ambleside Avenue, Beckenham, Greater London BR3 3RW3
£487K04/210.13 mi86, Aylesford Avenue, Beckenham, Greater London BR3 3SA3
£560K06/230.13 mi98, Aylesford Avenue, Beckenham, Greater London BR3 3SA3
£530K03/230.13 mi271, Upper Elmers End Road, Beckenham, Greater London BR3 3QR3
£520K02/210.13 mi283, Upper Elmers End Road, Beckenham, Greater London BR3 3QR3
£540K06/210.13 mi6, Hillcrest Close, Beckenham, Greater London BR3 3HB3
£530K01/210.16 mi19, Hillcrest View, Beckenham, Greater London BR3 3EH3
£518K02/210.17 mi56, Altyre Way, Beckenham, Greater London BR3 3HA3
£615K08/230.17 mi39, Abbots Way, Beckenham, Greater London BR3 3RJ3
£592K12/220.18 mi58, Altyre Way, Beckenham, Greater London BR3 3HA3
£525K11/200.19 mi12, Aviemore Way, Beckenham, Greater London BR3 3RR3
£615K09/210.19 mi62, Lloyds Way, Beckenham, Greater London BR3 3QS3
£555K11/210.19 mi10, Lloyds Way, Beckenham, Greater London BR3 3QS3
£495K10/200.19 mi2, Greenview Avenue, Croydon, Greater London CR0 7QU3
£500K12/200.2 mi13, Aylesford Avenue, Beckenham, Greater London BR3 3SB3
£600K06/230.2 mi39, Aylesford Avenue, Beckenham, Greater London BR3 3SB3
£535K12/200.2 mi16, Abbots Way, Beckenham, Greater London BR3 3RL3
£445.5K05/210.21 mi47, Ash Tree Way, Croydon, Greater London CR0 7SU3
£445K07/230.22 mi53, Ash Tree Way, Croydon, Greater London CR0 7SU3
£545K01/230.23 mi86, Ash Tree Way, Croydon, Greater London CR0 7SX3
£552.3K02/230.24 mi63, Ash Tree Way, Croydon, Greater London CR0 7SW3
£470K12/200.25 mi79, Ash Tree Way, Croydon, Greater London CR0 7SW3
£545K03/210.25 mi79, Abbots Way, Beckenham, Greater London BR3 3SE3
£495K06/210.28 mi191, Upper Elmers End Road, Beckenham, Greater London BR3 3QU3
£470K12/200.33 mi381, Upper Elmers End Road, Beckenham, Greater London BR3 3DA3
£500K03/210.33 mi389, Upper Elmers End Road, Beckenham, Greater London BR3 3DA3
£490K02/230.34 mi22, The Glade, Croydon, Greater London CR0 7QD3
£627.5K05/210.34 mi42, The Glade, Croydon, Greater London CR0 7QD3
£610K08/230.34 mi54, Eden Way, Beckenham, Greater London BR3 3DJ3
£483K11/210.35 mi31, Darley Close, Croydon, Greater London CR0 7QH3
£522.5K03/210.36 mi68, Goddard Road, Beckenham, Greater London BR3 4BG3
£495K03/230.36 mi7, Stokes Road, Croydon, Greater London CR0 7SD3
£540K12/200.36 mi185, The Glade, Croydon, Greater London CR0 7UN3
£535K11/210.36 mi197, The Glade, Croydon, Greater London CR0 7UN3
£455K04/230.38 mi38, Upper Elmers End Road, Beckenham, Greater London BR3 4AN3
£480K08/210.38 mi73, Goddard Road, Beckenham, Greater London BR3 4BQ3
£740K12/220.4 mi43, Ernest Grove, Beckenham, Greater London BR3 3HY3
£660K01/230.4 mi55, Ernest Grove, Beckenham, Greater London BR3 3HY3
£705K02/210.43 mi32, Ronald Close, Beckenham, Greater London BR3 3HX3
£610K03/230.43 mi24, Ronald Close, Beckenham, Greater London BR3 3HX3
£550K06/230.43 mi30, Brookside Way, Croydon, Greater London CR0 7RR3
£532.5K11/210.43 mi30, Brookside Way, Croydon, Greater London CR0 7RR3
£485K12/200.43 mi16, The Glade, Croydon, Greater London CR0 7QB3
£600K11/200.44 mi79, Stanhope Grove, Beckenham, Greater London BR3 3HL3

Local Rents

22 rents from £2K/mo to £3.8K/mo, average is £2.2K/mo.

RentDateDistanceAddressBeds 
£3,81803/250.03 mi-3
£3,60005/240.15 mi-3
£3,45004/240.15 miHillcrest Close, Beckenham, BR33
£2,10004/240.15 mi-3
£2,20012/240.16 miGreenview Avenue, Croydon, CR03
£2,20004/240.23 miAsprey Mews Beckenham BR33
£2,00004/240.26 miStanhope Grove, Beckenham3
£2,10012/240.32 miRegency Walk, Shirley, Croydon, CR03
£2,20003/250.34 mi-3
£2,10004/250.34 mi-3
£2,15012/240.36 miStokes Road, Croydon, Surrey3
£2,30012/240.36 miStokes Road, Croydon, CR03
£2,15012/240.36 miStokes Road Croydon CR03
£2,15012/240.37 miStokes Road, Shirley, Croydon, CR03
£2,40003/240.39 miErnest Grove Beckenham BR33
£2,60012/240.52 mi-3
£2,00012/240.52 miRound Grove Croydon CR03
£2,35005/240.54 miLangley Road, Beckenham3
£2,15012/240.57 miOrchard Avenue, Shirley, CR03
£2,20012/240.57 miOrchard Avenue3
£2,35012/240.58 mi-3
£2,00004/240.58 miGlanfield Road, Beckenham, BR33

Local Area Statistics

Population in BR3

47,386

Population in Beckenham

47,411

Town centre distance

0.96 miles away

Nearest school

0.30 miles away

Nearest train station

0.64 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+3%

Sales demand

Balanced market

Capital growth (5yrs)

+12%

Property History

Listed for £500,000

December 2, 2024

Floor Plans

Description

  • A well presented terraced home in need of some modernisation with the advantage of no forward chain +
  • Spacious entrance hall +
  • Two generous reception rooms +
  • Kitchen with access to garden +
  • Two double bedrooms and a single bedroom +
  • Family bathroom +
  • Large garden south facing garden with rear access and two garden sheds +
  • On road parking +
  • No forward chain +

Welcome to this mid-terraced home situated in a sought-after residential area, offering a fantastic opportunity for those looking to put their stamp on a property. Boasting a well-presented façade, this terraced home provides a spacious entrance hall that leads to two generous reception rooms, perfect for both entertaining and relaxing. The kitchen offers access to the large south-facing garden with two garden sheds, providing ample space for outdoor activities and gatherings. Upstairs, you'll find two double bedrooms, a single bedroom, and a family bathroom, catering perfectly to growing families or those needing extra space. The property also includes the added benefit of no forward chain, allowing for a smooth and hassle-free buying process. With a little modernisation, this property has the potential to become your dream home.

Outside, the property truly shines with a large south facing garden that offers plenty of space for gardening, entertaining, or simply soaking up the sun. The rear access to the garden provides convenience and practicality, while the two garden sheds offer additional storage space for all your outdoor needs. The generous garden to the front also presents the exciting opportunity to create driveway parking, subject to obtaining the necessary planning permissions, adding further practicality to the property. For those preferring on-road parking, the property also offers this option. The property is very conveniently located within easy reach of Elmers End and Eden Park stations, with rail and Translink services connecting the centres of Beckenham, Wimbledon and Croydon. Numerous regular bus routes also link the surrounding area. Elmers End offers a number of good local facilities including a Tesco supermarket, and the centre of Beckenham is close-by offering an excellent variety of shops, bars, restaurants and amenities, including a cinema. Bromley and Croydon town centres are also within easy reach for a wider range of branded shopping and leisure facilities. The area is also well served by excellent schools and open spaces, with the David Lloyd Leisure Centre within a short distance.

EPC Rating: C

Agent Details

Henry Adams, Storrington and Billinghurst

01903 497261

Next Steps?

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