2 Bed Terraced House, Refurb/BRRR, London, NW8 6QX, £900,000

Sheringham, St John's Wood Park, St John's Wood, London, NW8 6QX - 3 views - 5 months ago

Under Offer

Leasehold

Refurb/BRRR

~68 m²

+8 photos

ValuationOvervalued

Sold Prices	£750K - £7.0M
Sold Prices/m²	£8.4K/m² - £23.5K/m²

Square Metres	~68.11 m²
Price/m²	£13.2K/m²
Value Estimate	£705,500£705,500

End Value (After Refurb)	£1,258,923£1,258,923
Uplift in Value	+40%+40%

Investment Opportunity

Cash In
Purchase Finance	Bridging LoanBridging Loan
Deposit (25%)	£225,000£225,000
Stamp Duty & Legal Fees	£60,700£60,700
Refurb Costs	£35,994£35,994
Bridging Loan Interest	£23,625£23,625
Total Cash In	£347,069£347,069

Cash Out
Monetisation	FlipRefinance & RentFlip
Estimated Sale Price	£1,258,923£1,258,923
Agent Fees (1%)	£12,589£12,589
Bridging Loan	£675,000£675,000
Bridging Loan Interest	£23,625£23,625
Flip Profit	£224,265£224,265

Local Sold Prices

20 sold prices from £750K to £7.0M, average is £1.4M. £8.4K/m² to £23.5K/m², average is £12.9K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£1.2M	03/21	0.21 mi	8, Walpole Mews, London, Greater London NW8 6EZ	£13,352	88	2	Terraced House
£1.9M	11/22	0.33 mi	46, Fairfax Road, London, Greater London NW6 4HA	-	-	2	Terraced House
£1.6M	06/21	0.43 mi	2, Charles Lane, London, Greater London NW8 7SB	£12,903	124	2	Terraced House
£2.1M	02/22	0.43 mi	10, Charles Lane, London, Greater London NW8 7SB	£13,595	153	2	Terraced House
£946K	05/21	0.44 mi	10, Cochrane Mews, London, Greater London NW8 6NY	£10,511	90	2	Terraced House
£1.4M	12/20	0.49 mi	10 - 11, Ryders Terrace, London, Greater London NW8 0EE	-	-	2	Terraced House
£7.0M	10/23	0.51 mi	48, Circus Road, London, Greater London NW8 9SE	£20,014	350	2	Semi-Detached House
£760K	12/20	0.62 mi	37c, Greville Road, London, Greater London NW6 5JB	£10,270	74	2	Semi-Detached House
£2.6M	08/21	0.65 mi	41a, Belsize Lane, London, Greater London NW3 5AU	£17,059	153	2	Semi-Detached House
£1.4M	05/21	0.65 mi	21, Elizabeth Mews, London, Greater London NW3 4UH	£15,435	92	2	Terraced House
£750K	02/21	0.66 mi	26, Elizabeth Mews, London, Greater London NW3 4UH	£12,931	58	2	Terraced House
£1.0M	03/21	0.66 mi	17, Elizabeth Mews, London, Greater London NW3 4UH	£11,111	90	2	Terraced House
£1.4M	11/20	0.8 mi	7, Steeles Mews South, London, Greater London NW3 4SJ	£11,094	128	2	Terraced House
£1.1M	12/22	0.82 mi	10, West Hampstead Mews, London, Greater London NW6 3BB	-	-	2	Terraced House
£865K	05/21	0.82 mi	39a, Fitzroy Road, London, Greater London NW1 8TP	£13,592	64	2	Semi-Detached House
£900K	05/24	0.82 mi	18, Elgin Mews North, London, Greater London W9 1NN	£8,411	107	2	Terraced House
£2.1M	05/21	0.83 mi	The Lodge, Primrose Hill Studios, Fitzroy Road, London, Greater London NW1 8TR	-	-	2	Semi-Detached House
£2.1M	05/21	0.84 mi	The Lodge, Primrose Hill Studios, Fitzroy Road, London, Greater London NW1 8TR	-	-	2	Semi-Detached House
£4.1M	09/23	0.94 mi	17, Edis Street, London, Greater London NW1 8LE	£23,478	176	2	Terraced House
£800K	10/23	0.95 mi	78a, Dynham Road, London, Greater London NW6 2NR	£12,500	64	2	Semi-Detached House

Local Rents

50 rents from £1.9K/mo to £10.4K/mo, average is £3.7K/mo.

Rent	Date	Distance	Address	Beds	Type
£10,370	06/24	0 mi	St John's Wood Park, St John's Wood	2	Flat
£3,683	06/24	0 mi	St Johns Wood Park, London, NW8	2	Flat
£5,633	06/24	0.02 mi	Boydell Court, St. Johns Wood Park, St. Johns Wood, NW8	2	Flat
£5,633	07/24	0.02 mi	Boydell Court, St. Johns Wood Park, St. Johns Wood, NW8	2	Flat
£3,000	07/24	0.03 mi	Sheringham, St. John's Wood, NW8	2	Flat
£4,400	08/24	0.03 mi	Wymondham Court, St. Johns Wood Park, NW8	2	Flat
£4,400	07/24	0.04 mi	Queensmead, St. Johns Wood, NW8	2	Flat
£3,445	08/24	0.04 mi	-	2	Flat
£3,445	07/24	0.04 mi	Blair Court, London, NW8	2	Flat
£4,225	07/24	0.04 mi	Wymondham Court, St Johns Wood Park, St John's Wood, London, NW8	2	Flat
£3,445	07/24	0.04 mi	Boundary Road, London, NW8	2	Flat
£3,000	06/24	0.04 mi	Blair Court, Boundary Road, NW8	2	Flat
£3,000	06/24	0.05 mi	Buttermere Court, Boundary Road, NW8	2	Flat
£3,250	07/24	0.05 mi	Buttermere Court, Boundary Road, NW8	2	Flat
£3,683	06/24	0.07 mi	Walsingham, St. John's Wood Park, St. John's Wood, London, NW8	2	Flat
£3,683	06/24	0.07 mi	Walsingham, St. Johns Wood Park, NW8	2	Flat
£3,850	06/24	0.07 mi	Walsingham, St. John's Wood, London NW8	2	Flat
£3,300	03/25	0.09 mi	-	2	Flat
£5,633	06/24	0.1 mi	St John's Wood Park, St John's Wood	2	Flat
£5,633	06/24	0.1 mi	St Johns Wood Park, St Johns Wood, London, NW8	2	Flat
£5,633	08/24	0.1 mi	St. Johns Wood, London, NW8	2	Flat
£5,633	06/24	0.11 mi	Boydell Court, St. Johns Wood Park, NW8	2	Flat
£5,633	06/24	0.11 mi	Boydell Court, St Johns Wood, NW8	2	Flat
£5,633	06/24	0.11 mi	Boydell Court, St John's Wood, London, NW8	2	Flat
£2,250	07/24	0.11 mi	Dorman Way London NW8	2	Flat
£5,633	06/24	0.12 mi	BOYDELL COURT, ST JOHNS WOOD PARK, London, NW8	2	Flat
£5,633	06/24	0.12 mi	St. John's Wood Park, St. John's Wood, London, NW8	2	Flat
£2,500	06/24	0.13 mi	Tayler Court, Dorman Way, NW8	2	Flat
£5,600	06/24	0.14 mi	St John's Wood Park, St Johns Wood	2	Flat
£5,633	06/24	0.14 mi	St Johns Wood Park, St Johns Wood	2	Flat
£2,250	08/24	0.14 mi	Tayler Court, Dorman Way NW8 0SB	2	Flat
£4,550	06/24	0.17 mi	Finchley Road, Swiss Cottage NW3	2	Flat
£2,600	02/25	0.18 mi	-	2	Flat
£3,250	08/24	0.18 mi	Marlborough Hill, St. John's Wood, NW8	2	Flat
£3,000	11/24	0.18 mi	-	2	Flat
£4,500	04/25	0.18 mi	-	2	Flat
£2,999	08/24	0.18 mi	Marlborough Hill, St John's Wood, London, NW8	2	Flat
£3,012	07/24	0.19 mi	Queens Grove, St John's Wood, London, NW8	2	House
£3,012	07/24	0.19 mi	Pembroke Terrace, Queens Grove, London, NW8	2	Flat
£2,100	07/24	0.19 mi	Finchley Road, St Johns Wood	2	Flat
£6,000	06/24	0.19 mi	-	2	Flat
£5,895	10/24	0.19 mi	-	2	Flat
£5,895	03/25	0.19 mi	-	2	Flat
£1,950	08/24	0.2 mi	-	2	Flat
£2,709	09/24	0.2 mi	Alexandra Road, Swiss Cottage, London, NW8	2	Flat
£3,012	07/24	0.2 mi	Queens Grove, NW8, St John's Wood, London, NW8	2	Flat
£3,012	07/24	0.2 mi	Queens Grove, NW8, St John's Wood, London, NW8	2	Flat
£6,500	02/24	0.2 mi	-	2	Flat
£3,100	06/24	0.2 mi	Harley Road, Hampstead, NW3	2	Flat
£2,250	06/24	0.2 mi	Loudoun Road, St John's Wood, NW8	2	Flat

Local Area Statistics

Population in NW8	33,80233,802
Population in London	4,771,9214,771,921
Town centre distance	3.03 miles away3.03 miles away
Nearest school	0.10 miles away0.10 miles away
Nearest train station	0.25 miles away0.25 miles away

Rental demand	Balanced marketBalanced market
Rental growth (12m)	-22%-22%
Sales demand	Buyer's marketBuyer's market
Capital growth (5yrs)	-13%-13%

Property History

Listed for £900,000

December 9, 2024

Sold for £215,000

1996

Floor Plans

Description

Two Double Bedroom +
Family Bathroom +
Shower Room +
Kitchen +
Reception +
Private Terrace +
Off-Street Parking +
Communal Gardens +
24-Hour Porterage +
Passenger Lift +

We are pleased to offer for sale this spacious two double bedroom, first-floor apartment which requires modernisation. This property is located on the first floor of this very popular and secure, portered development. The property benefits from a very peaceful rear-facing aspect, which can be enjoyed from a private terrace, furthermore the property has two bathrooms and is offered for sale with no onward chain. The block is conveniently situated on St John's Wood Park between Swiss Cottage and St John's Wood Underground stations, thereby offering a good choice of both transport and shopping amenities.

Agent Details

Winkworth, St John's Wood

020 3870 2627

Next Steps?

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

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