2 Bed Flat, Refurb/BRRR, London, SE20 8ND, £490,000

Anerley Park, Anerley, London, SE20 8ND - 4 months ago

Refurb/BRRR

~68 m²

+2 photos

ValuationOvervalued

Sold Prices	£165K - £528K
Sold Prices/m²	£4.7K/m² - £9.2K/m²

Square Metres	~68.11 m²
Price/m²	£7.2K/m²
Value Estimate	£416,113£416,113

End Value (After Refurb)	£485,000£485,000

Investment Opportunity

Cash In
Purchase Finance	Bridging LoanBridging Loan
Deposit (25%)	£122,500£122,500
Stamp Duty & Legal Fees	£27,900£27,900
Refurb Costs	£36,064£36,064
Bridging Loan Interest	£12,863£12,863
Total Cash In	£201,077£201,077

Cash Out
Monetisation	FlipRefinance & RentRefinance & Rent
Revaluation	£485,000£485,000
Mortgage (After Refinance)	£363,750£363,750
Mortgage LTV	75%75%
Cash Left In	£201,077£201,077
Equity	£121,250£121,250
Rent Range	£1,300 - £2,250£1,300 - £2,250
Rent Estimate	£1,768
Running Costs/mo	£1,889£1,889
Cashflow/mo	£-121£-121
Cashflow/yr	£-1,455£-1,455
Gross Yield	4%4%

Local Sold Prices

51 sold prices from £165K to £528K, average is £360K. £4.7K/m² to £9.2K/m², average is £5.8K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£405K	03/23	0.03 mi	27b, Anerley Park, London, Greater London SE20 8NF	-	-	2	Flat
£312K	01/21	0.07 mi	Flat 18, Melbourne Court, Anerley Road, London, Greater London SE20 8AR	-	-	2	Flat
£496K	02/23	0.09 mi	26b, Thicket Road, London, Greater London SE20 8DD	£5,238	95	2	Flat
£355K	04/23	0.12 mi	43a, Anerley Park, London, Greater London SE20 8NQ	-	-	2	Flat
£290K	08/21	0.16 mi	Flat 22, Brooklyn, Anerley Road, London, Greater London SE20 8AZ	-	-	2	Flat
£314K	01/21	0.16 mi	Flat 9, Brooklyn, Anerley Road, London, Greater London SE20 8AZ	-	-	2	Flat
£380K	04/23	0.17 mi	4, Sycamore Grove, London, Greater London SE20 8BS	£5,875	65	2	Flat
£197.5K	11/21	0.19 mi	146d, Anerley Road, London, Greater London SE20 8DL	-	-	2	Flat
£320K	04/21	0.19 mi	Flat 22, Anerley Court, Anerley Park, London, Greater London SE20 8NN	-	-	2	Flat
£297K	06/21	0.2 mi	Flat 21, Anerley Court, Anerley Park, London, Greater London SE20 8NN	-	-	2	Flat
£325K	11/20	0.23 mi	104, Orchard Grove, London, Greater London SE20 8DZ	£5,000	65	2	Flat
£510K	12/20	0.25 mi	58c, Thicket Road, London, Greater London SE20 8DR	£5,258	97	2	Flat
£230K	02/23	0.28 mi	Flat 9, Grove Court, Oakfield Road, London, Greater London SE20 8RG	-	-	2	Flat
£300K	12/20	0.28 mi	8a, Jasmine Grove, London, Greater London SE20 8JW	£5,085	59	2	Flat
£165K	03/21	0.29 mi	Flat 26, Blakewood Court, Anerley Park, London, Greater London SE20 8NS	-	-	2	Flat
£390K	02/23	0.32 mi	Flat 22, New Church Court, Waldegrave Road, London, Greater London SE19 2AU	£6,698	58	2	Flat
£360K	07/21	0.32 mi	190a, Anerley Road, London, Greater London SE20 8TQ	£9,231	39	2	Flat
£515K	04/21	0.34 mi	44, Maberley Road, London, Greater London SE19 2JA	£6,131	84	2	Flat
£327K	03/23	0.35 mi	Flat 13, Hanover Court, Anerley Road, London, Greater London SE19 2AG	-	-	2	Flat
£335.5K	06/21	0.36 mi	Flat 7, Bettswood Court, Anerley Road, London, Greater London SE20 8EH	-	-	2	Flat
£318K	05/23	0.37 mi	Flat 13, Highview, Anerley Grove, London, Greater London SE19 2HU	-	-	2	Flat
£520K	04/23	0.38 mi	91b, Belvedere Road, London, Greater London SE19 2HX	-	-	2	Flat
£415K	01/21	0.4 mi	Flat 16, Bedford Court, Mowbray Road, London, Greater London SE19 2RW	-	-	2	Flat
£400K	06/21	0.4 mi	Flat 6, Bedford Court, Mowbray Road, London, Greater London SE19 2RW	-	-	2	Flat
£395K	06/21	0.41 mi	22c, Avington Grove, London, Greater London SE20 8RY	-	-	2	Flat
£310K	11/20	0.42 mi	12, Cranleigh Close, London, Greater London SE20 8TW	£5,741	54	2	Flat
£525K	06/21	0.42 mi	16, Maple Road, London, Greater London SE20 8HB	£6,481	81	2	Flat
£261K	09/21	0.44 mi	Flat 14, Roberts Court, Maple Road, London, Greater London SE20 8JJ	-	-	2	Flat
£265K	02/23	0.44 mi	Flat 5, Roberts Court, Maple Road, London, Greater London SE20 8JJ	-	-	2	Flat
£509.2K	11/20	0.45 mi	6a, Cintra Park, London, Greater London SE19 2LH	£7,181	71	2	Flat
£528K	11/20	0.45 mi	2a, Cintra Park, London, Greater London SE19 2LH	£5,867	90	2	Flat
£275K	08/21	0.46 mi	Flat 1, Shipley Court, Selby Road, London, Greater London SE20 8SE	-	-	2	Flat
£320K	03/21	0.47 mi	Flat 3, Howard House, Howard Road, London, Greater London SE20 8HH	-	-	2	Flat
£320K	08/21	0.47 mi	Flat 1, Howard House, Howard Road, London, Greater London SE20 8HH	-	-	2	Flat
£450K	03/23	0.48 mi	20b, Anerley Hill, London, Greater London SE19 2AD	-	-	2	Flat
£272.5K	03/21	0.49 mi	62, Selby Road, London, Greater London SE20 8SG	£5,240	52	2	Flat
£370K	01/21	0.49 mi	46c, High Street, London, Greater London SE20 7HB	£4,805	77	2	Flat
£465K	02/21	0.5 mi	21c, Sylvan Road, London, Greater London SE19 2RU	£6,118	76	2	Flat
£475K	07/23	0.5 mi	45a, Sylvan Road, London, Greater London SE19 2RU	£8,051	59	2	Flat
£350K	01/21	0.51 mi	24, Mosslea Road, London, Greater London SE20 7BW	£7,000	50	2	Flat
£400K	03/21	0.53 mi	Flat 1, Springfield Lodge, Lawrie Park Road, London, Greater London SE26 6DY	-	-	2	Flat
£365K	06/23	0.56 mi	156, Sylvan Road, London, Greater London SE19 2SA	-	-	2	Flat
£255K	11/20	0.56 mi	Flat 29, Sherborne Court, Elmers End Road, London, Greater London SE20 7SL	-	-	2	Flat
£370.1K	06/21	0.56 mi	Flat 1, Coniston Court, Springfield Road, London, Greater London SE26 6HF	-	-	2	Flat
£360K	01/21	0.56 mi	24, Sylvan Road, London, Greater London SE19 2RZ	£4,932	73	2	Flat
£297K	10/21	0.56 mi	114, Sylvan Road, London, Greater London SE19 2RZ	-	-	2	Flat
£318K	11/21	0.56 mi	102, Sylvan Road, London, Greater London SE19 2RZ	£4,676	68	2	Flat
£380K	07/23	0.56 mi	120, Sylvan Road, London, Greater London SE19 2RZ	£5,205	73	2	Flat
£380K	07/23	0.56 mi	120, Sylvan Road, London, Greater London SE19 2RZ	£5,205	73	2	Flat
£425K	01/24	0.56 mi	Flat 21, Coniston Court, Springfield Road, London, Greater London SE26 6HF	-	-	2	Flat
£440K	01/23	0.57 mi	4a, Phoenix Road, London, Greater London SE20 7BT	£7,719	57	2	Flat

Local Rents

49 rents from £1.3K/mo to £2.3K/mo, average is £1.8K/mo.

Rent	Date	Distance	Address	Beds	Type
£1,650	08/24	0.05 mi	Anerley Road , London, SE20	2	Flat
£1,700	08/24	0.06 mi	Anerley Park, London, SE20	2	Flat
£1,450	10/24	0.06 mi	-	2	Flat
£1,600	08/24	0.07 mi	Anerley Road, London, SE20	2	Flat
£1,590	08/24	0.08 mi	Thicket Road, London, SE20	2	Flat
£2,250	04/25	0.08 mi	-	2	Flat
£1,600	08/24	0.08 mi	Thicket Road, London, SE20	2	Flat
£1,950	08/24	0.09 mi	Anerley Park Road, London, SE20	2	Flat
£1,850	10/24	0.1 mi	-	2	Flat
£1,600	08/24	0.1 mi	Anerley Road, London, SE20	2	Flat
£1,800	10/24	0.11 mi	-	2	Flat
£1,700	08/24	0.11 mi	Anerley Road Anerley SE20	2	Flat
£1,600	08/24	0.12 mi	Thicket Road, London, SE20	2	Flat
£1,900	08/24	0.12 mi	Anerley Park Anerley SE20	2	Flat
£2,100	09/24	0.12 mi	-	2	Flat
£2,100	08/24	0.12 mi	Anerley Park, London, SE20	2	Flat
£1,750	04/25	0.12 mi	-	2	Flat
£1,800	09/24	0.12 mi	-	2	Flat
£1,900	08/24	0.13 mi	-	2	Flat
£1,550	09/24	0.14 mi	-	2	Flat
£1,800	08/24	0.15 mi	-	2	Flat
£1,450	11/24	0.16 mi	-	2	Flat
£1,300	04/25	0.16 mi	-	2	Flat
£1,600	08/24	0.17 mi	Anerley Road, LONDON, SE20 8AJ	2	Flat
£1,850	08/24	0.17 mi	Anerley Road, LONDON, SE20 8AJ	2	Flat
£1,550	11/23	0.18 mi	Ridgemount Close, Penge, SE20	2	Flat
£1,750	08/24	0.18 mi	Orchard Grove, Penge, SE20	2	Flat
£1,450	12/24	0.19 mi	-	2	Flat
£1,900	08/24	0.19 mi	Anerley Road, London SE20	2	Flat
£2,000	04/25	0.19 mi	-	2	Flat
£2,100	11/24	0.19 mi	-	2	Flat
£1,900	08/24	0.19 mi	Anerley Road, SE20, Crystal Palace, London, SE20	2	Flat
£1,450	08/24	0.21 mi	-	2	Flat
£1,900	08/24	0.22 mi	Cortland House, Apple Yard, London, SE20	2	Flat
£1,500	08/24	0.22 mi	Anerley Station Road, Anerley	2	Flat
£2,000	08/24	0.22 mi	-	2	Flat
£1,600	08/24	0.23 mi	Anerley Station Road, LONDON, SE20 8PT	2	Flat
£2,000	08/24	0.23 mi	-	2	Flat
£2,000	08/24	0.23 mi	Apple Yard, London, SE20	2	Flat
£1,600	08/24	0.23 mi	Minden Road, London, SE20	2	Flat
£1,850	01/25	0.24 mi	-	2	Flat
£2,000	02/25	0.24 mi	-	2	Flat
£2,000	08/24	0.25 mi	Apple Yard, London, SE20	2	Flat
£1,550	08/24	0.25 mi	-	2	Flat
£1,300	10/24	0.25 mi	-	2	Flat
£1,625	08/24	0.25 mi	Maberley Road, London, SE19	2	Flat
£2,000	08/24	0.25 mi	-	2	Flat
£1,950	02/24	0.25 mi	-	2	Flat
£2,000	09/24	0.26 mi	Anerley Road, London, SE19	2	Flat

Local Area Statistics

Population in SE20	22,82122,821
Population in London	4,771,9214,771,921
Town centre distance	8 miles away8 miles away
Nearest school	0.30 miles away0.30 miles away
Nearest train station	0.18 miles away0.18 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	-5%-5%
Sales demand	Balanced marketBalanced market
Capital growth (5yrs)	+6%+6%

Property History

Listed for £490,000

December 12, 2024

Floor Plans

Description

Two bedroom period conversion +
Access to loft space +
No onward chain +
Plenty potential +
Highly regarded road +
Large communal rear garden +

A spacious two double bedroom top floor period conversion positioned on a prime residential road moments from Crystal Palace Park and for sale with no onward chain.

The property requires cosmetic modernisation but has a number of features including stripped wood flooring, fireplaces, and room proportions that could make for an impressive end result. The accommodation totals 716 sq ft / 66.5 sq m and has access to a large loft space which lends to conversion (STP), as well as a well proportioned separate kitchen which has potential to be opened to a sizeable reception room. Further benefits include a new 125 year lease, a recently replaced boiler, and a generous communal garden.

Anerley Park is well placed for rail links at Penge West, Crystal Palace, Penge East & Anerley and which provide connectivity to London Bridge, Victoria (18 minutes from Penge East), Shoreditch, the Jubilee Line (Canada Water), Victoria Line (Brixton) and the Northern Line (Balham).

Just moments from Crystal Palace Park and convenient for access to amenities at Anerley Parade, Penge High Street and central Crystal Palace with its buzzy new bars and restaurants.

Agent Details

Pedder, Crystal Palace

020 3962 0429

Next Steps?

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

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