2 Bed Flat, Refurb/BRRR, London, SE1 1GJ, £1,000,000

Maidstone Building Mews, Borough, SE1 1GJ - 1 views - 3 months ago

Leasehold

Refurb/BRRR

ROI: 1%

~80 m²

+11 photos

ValuationOvervalued

Sold Prices	£330K - £950K
Sold Prices/m²	£5.9K/m² - £10.2K/m²

Square Metres	~79.51 m²
Price/m²	£12.6K/m²
Value Estimate	£550,990£550,990

End Value (After Refurb)	£808,750£808,750

Investment Opportunity

Cash In
Purchase Finance	Bridging LoanBridging Loan
Deposit (25%)	£250,000£250,000
Stamp Duty & Legal Fees	£72,450£72,450
Refurb Costs	£42,025£42,025
Bridging Loan Interest	£26,250£26,250
Total Cash In	£392,475£392,475

Cash Out
Monetisation	FlipRefinance & RentRefinance & Rent
Revaluation	£808,750£808,750
Mortgage (After Refinance)	£606,563£606,563
Mortgage LTV	75%75%
Cash Left In	£392,475£392,475
Equity	£202,188£202,188
Rent Range	£2,100 - £7,500£2,100 - £7,500
Rent Estimate	£3,767
Running Costs/mo	£3,301£3,301
Cashflow/mo	£466£466
Cashflow/yr	£5,595£5,595
ROI	1%1%
Gross Yield	5%5%

Local Sold Prices

50 sold prices from £330K to £950K, average is £470K. £5.9K/m² to £10.2K/m², average is £7.3K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£775K	11/21	0.2 mi	Flat 9, Victor Wharf, Clink Street, London, Greater London SE1 9DW	-	-	2	Flat
£698K	02/23	0.24 mi	24, Isaac Way, London, Greater London SE1 1EE	-	-	2	Flat
£650K	11/20	0.27 mi	Flat 36, Sumner Buildings, Sumner Street, London, Greater London SE1 9JX	-	-	2	Flat
£475K	01/21	0.31 mi	Flat 10, Harbledown House, Manciple Street, London, Greater London SE1 4LN	-	-	2	Flat
£584.5K	12/20	0.31 mi	Flat 92, Ratcliffe Court, Great Dover Street, London, Greater London SE1 4LD	-	-	2	Flat
£480K	06/21	0.38 mi	Flat 11, Rochester House, Manciple Street, London, Greater London SE1 4LP	-	-	2	Flat
£550K	07/24	0.39 mi	17, Oxford Drive, London, Greater London SE1 2FB	£9,483	58	2	Flat
£407K	10/23	0.42 mi	Flat 7, Tabard House, Manciple Street, London, Greater London SE1 4DL	-	-	2	Flat
£592.5K	05/21	0.45 mi	35, Leathermarket Court, London, Greater London SE1 3HS	£10,216	58	2	Flat
£555K	03/23	0.49 mi	97, Leathermarket Court, London, Greater London SE1 3HT	£8,952	62	2	Flat
£427.5K	03/23	0.51 mi	98, Whites Grounds Estate, London, Greater London SE1 3JX	£6,786	63	2	Flat
£765.5K	05/23	0.52 mi	Flat 22, Falcon Point, Hopton Street, London, Greater London SE1 9JW	-	-	2	Flat
£448.2K	05/23	0.52 mi	55, Whites Grounds Estate, London, Greater London SE1 3JZ	£8,003	56	2	Flat
£361K	10/23	0.52 mi	Flat 40, Stephenson House, Bath Terrace, London, Greater London SE1 6PR	-	-	2	Flat
£340K	07/23	0.53 mi	Flat 32, Telford House, Tiverton Street, London, Greater London SE1 6NY	-	-	2	Flat
£410K	08/21	0.53 mi	Flat 21, Shalford House, Law Street, London, Greater London SE1 4XF	-	-	2	Flat
£420K	10/21	0.56 mi	Flat 54, Pilgrim House, Tabard Street, London, Greater London SE1 4UP	-	-	2	Flat
£355K	11/20	0.57 mi	Flat 82, Whitworth House, Falmouth Road, London, Greater London SE1 6RN	-	-	2	Flat
£470K	06/23	0.58 mi	64, Decima Street, London, Greater London SE1 4QQ	£8,037	58	2	Flat
£415K	05/21	0.59 mi	Flat 13, Banks House, Rockingham Street, London, Greater London SE1 6QQ	-	-	2	Flat
£570K	08/23	0.6 mi	29, Potier Street, London, Greater London SE1 4UX	£7,500	76	2	Flat
£362K	02/23	0.6 mi	Flat 41, Bramwell House, Harper Road, London, Greater London SE1 6RL	-	-	2	Flat
£470K	06/21	0.62 mi	12, Prioress Street, London, Greater London SE1 4TE	-	-	2	Flat
£518.5K	09/21	0.65 mi	Flat 6, Tait House, Greet Street, London, Greater London SE1 8NA	-	-	2	Flat
£530K	12/20	0.67 mi	Flat 155, Devon Mansions, Tooley Street, London, Greater London SE1 2NR	-	-	2	Flat
£430K	10/21	0.68 mi	Flat 148, Devon Mansions, Tooley Street, London, Greater London SE1 2NR	-	-	2	Flat
£570K	02/21	0.69 mi	Flat 19, Mawdley House, Webber Row, London, Greater London SE1 8XQ	-	-	2	Flat
£425K	12/23	0.7 mi	Flat 9, St. Lawrence House, St Saviours Estate, London, Greater London SE1 3BY	£6,798	63	2	Flat
£632.5K	09/21	0.71 mi	Flat B, 12, Gaywood Street, London, Greater London SE1 6HG	£7,324	86	2	Flat
£450K	01/21	0.73 mi	Flat 20, St. Georges Court, Garden Row, London, Greater London SE1 6HD	-	-	2	Flat
£425K	09/23	0.77 mi	Flat 35, Thetford House, St Saviours Estate, London, Greater London SE1 3PE	-	-	2	Flat
£408.5K	11/23	0.77 mi	Flat 18, Jurston Court, Gerridge Street, London, Greater London SE1 7QH	-	-	2	Flat
£470K	11/20	0.78 mi	139d, Chatham Street, London, Greater London SE17 1PA	£7,220	65	2	Flat
£600K	02/23	0.8 mi	105a, Stamford Street, London, Greater London SE1 9NN	-	-	2	Flat
£391K	02/23	0.8 mi	Flat 23, St. Vincent House, St Saviours Estate, London, Greater London SE1 3EA	-	-	2	Flat
£512.5K	03/23	0.8 mi	Flat 15, Amigo House, Morley Street, London, Greater London SE1 7QE	-	-	2	Flat
£750K	01/24	0.81 mi	Flat 26, Vanilla & Sesame Court, Curlew Street, London, Greater London SE1 2NN	-	-	2	Flat
£950K	01/22	0.83 mi	Flat 8, Amen Lodge, Warwick Lane, London, Greater London EC4M 7BY	-	-	2	Flat
£430K	02/21	0.83 mi	1, Salisbury Close, London, Greater London SE17 1BY	£6,719	64	2	Flat
£330K	09/23	0.86 mi	81, Rodney Road, London, Greater London SE17 1RF	£6,346	52	2	Flat
£577K	08/23	0.87 mi	165b, Brook Drive, London, Greater London SE11 4TG	£8,362	69	2	Flat
£470K	09/23	0.88 mi	Flat 13, Tower Bridge Buildings, Mill Street, London, Greater London SE1 2AZ	-	-	2	Flat
£875K	09/23	0.9 mi	Flat 17, St. Saviours Wharf, Mill Street, London, Greater London SE1 2BE	-	-	2	Flat
£375K	11/20	0.92 mi	23, Winchester Close, London, Greater London SE17 3DQ	£6,579	57	2	Flat
£490K	05/23	0.93 mi	Flat 11, Munro House, Murphy Street, London, Greater London SE1 7AJ	£9,423	52	2	Flat
£450K	12/20	0.93 mi	5, Dante Road, London, Greater London SE11 4RB	£5,921	76	2	Flat
£575K	01/23	0.94 mi	33, St Katharines Way, London, Greater London E1W 1LP	-	-	2	Flat
£395K	05/21	0.94 mi	34, Marlborough Close, London, Greater London SE17 3AP	£6,930	57	2	Flat
£505K	09/23	0.94 mi	Flat 4, Willow House, Curtis Street, London, Greater London SE1 5SL	-	-	2	Flat
£414.5K	02/21	0.95 mi	47, Winchester Close, London, Greater London SE17 3DQ	£7,147	58	2	Flat

Local Rents

50 rents from £2.1K/mo to £7.5K/mo, average is £3.5K/mo.

Rent	Date	Distance	Address	Beds	Type
£3,250	02/24	0.01 mi	-	2	Flat
£3,950	12/24	0.01 mi	-	2	Flat
£3,100	08/24	0.01 mi	Maidstone Buildings Mews, London, SE1	2	Flat
£4,996	12/24	0.01 mi	Maidstone Buildings Mews, London Bridge	2	Flat
£5,985	08/24	0.01 mi	-	2	Flat
£2,817	08/24	0.01 mi	Maidstone Mews Buildings, London Bridge	2	Flat
£3,293	03/25	0.02 mi	-	2	Flat
£7,500	12/24	0.04 mi	Blenheim House, Crown Square, SE1	2	Flat
£4,850	11/23	0.05 mi	Southwark Street, London, SE1 1RQ	2	Flat
£4,900	03/25	0.05 mi	-	2	Flat
£3,250	02/24	0.05 mi	-	2	Flat
£3,100	08/24	0.05 mi	-	2	Flat
£3,400	12/24	0.05 mi	-	2	Flat
£4,950	01/25	0.05 mi	-	2	Flat
£3,250	12/24	0.05 mi	-	2	Flat
£3,150	08/24	0.05 mi	Southwark Street, London, SE1	2	Flat
£3,400	08/24	0.05 mi	Southwark Street, London, SE1	2	Flat
£3,250	08/24	0.05 mi	Hop Art House, London Bridge	2	Flat
£4,200	12/24	0.05 mi	Borough High Street, London Bridge, London, SE1	2	Flat
£3,400	03/25	0.05 mi	-	2	Flat
£4,000	12/24	0.06 mi	Borough High Street, London Bridge	2	Flat
£2,396	08/24	0.07 mi	Borough High Street, London Bridge	2	Flat
£3,250	08/24	0.07 mi	Southwark Street, London Bridge	2	Flat
£4,500	02/25	0.07 mi	-	2	Flat
£4,333	12/24	0.07 mi	Borough High Street, London Bridge	2	Flat
£2,850	12/24	0.08 mi	-	2	Flat
£2,750	12/24	0.09 mi	-	2	Flat
£4,650	03/25	0.09 mi	-	2	Flat
£4,500	03/25	0.09 mi	-	2	Flat
£3,150	08/24	0.09 mi	Southwark Street, London, SE1 1RQ	2	Flat
£4,500	12/24	0.09 mi	-	2	Flat
£2,400	08/24	0.1 mi	Southwark Bridge Road, London, UK, SE1	2	Flat
£4,000	12/24	0.1 mi	Borough Mansions, 97-99 Borough High Street, London, SE1	2	Flat
£2,900	12/24	0.12 mi	Kings Head Yard, London, SE1	2	Flat
£7,150	12/24	0.12 mi	Ayres Street, SE1	2	Flat
£3,950	03/25	0.13 mi	-	2	Flat
£2,100	08/24	0.14 mi	-	2	Flat
£2,800	03/25	0.14 mi	-	2	Flat
£4,000	03/24	0.14 mi	St Dunstans House, 133-137 Fetter Lane, London, EC4A	2	Flat
£5,200	03/24	0.14 mi	St Dunstan House, 133 Fetter Lane, London, EC4A	2	Flat
£3,900	04/24	0.14 mi	St Dunstans House, 133-137 Fetter Lane, London, EC4A	2	Flat
£2,100	08/24	0.15 mi	-	2	Flat
£2,400	08/24	0.15 mi	Tennis Street, London, SE1	2	Flat
£3,950	08/24	0.16 mi	Brandon House, 10 Hilary Mews, London, SE1	2	Flat
£3,500	08/24	0.16 mi	Tower Bridge Road, London, SE1	2	Flat
£3,467	12/24	0.17 mi	Hilary Mews, London Bridge	2	Flat
£3,250	08/24	0.17 mi	Redcross Way London SE1	2	Flat
£3,500	08/24	0.17 mi	Marshalsea Road, London, SE1	2	Flat
£4,000	08/24	0.17 mi	Hilary Mews, Borough, London, SE1	2	Flat
£4,333	12/24	0.18 mi	Brandon House, London Bridge	2	Flat

Local Area Statistics

Population in SE1	66,77766,777
Population in London	4,771,9214,771,921
Town centre distance	1.77 miles away1.77 miles away
Nearest school	0.10 miles away0.10 miles away
Nearest train station	0.20 miles away0.20 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	-1%-1%
Sales demand	Buyer's marketBuyer's market
Capital growth (5yrs)	-20%-20%

Property History

Price changed to £1,000,000

February 16, 2025

Listed for £1,100,000

December 23, 2024

Floor Plans

Description

Two bedroom +
Double Height Ceilings +
High Standard Renovation +
Concierge service & Gated +
Top floor with views +
Fantastic Location +
856 Sqft /80 Sqm +
EPC Rating E +

This unique 2 bedroom apartment is located at the top floor of a quintessential warehouse conversion located in the quiet confines of a mid 19th century mews just off of Borough High Street.
Set behind a secure gated entrance leading off Borough High Street into an inner courtyard the development is a short walk from Borough Market. The Southbank and The City are a short walk away but also London Bridge Station connecting you to every corner of London, the United Kingdom and via easy airport connections, to the world!

Additional Information
Council Tax Band: Band letter F
Lease length remaining: Approx. 975 years
Service charge: Approx: £3500 per annum
Ground Rent: Approx: £300 per annum
Council tax and, where applicable, lease information, service charges and ground rent are given as a guide only and should always be checked and confirmed by your Solicitor prior to exchange of contracts.

Agent Details

Kinleigh Folkard & Hayward - Sales, London Bridge

020 3907 3695

Next Steps?

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