3 Bed Terraced House, Planning Permission, London, SW16 6TL, £650,000

Nimrod Road, London, SW16 6TL - 1 views - 7 months ago

Planning
~93 m²
+9 photos

ValuationFair Value

Sold Prices£210.5K - £925K
Sold Prices/m²£2.4K/m² - £10.3K/m²

 

 

Square Metres

~93 m²
Price/m²£7K/m²

Value Estimate

£650,000

 

 

End Value (After Refurb)

£689,111

Uplift in Value

+6%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£162,500

Stamp Duty & Legal Fees

£56,200

Refurb Costs

£54,227

Bridging Loan Interest

£17,063

Total Cash In

£291,740

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£689,111

Mortgage (After Refinance)

£516,833

Mortgage LTV

75%

Cash Released

£29,333

Cash Left In

£262,407

Equity

£172,278

Rent Range

£1,900 - £3,500

Rent Estimate

£2,613

Running Costs/mo

£2,696

Cashflow/mo

£-83

Cashflow/yr

£-997

Gross Yield

5%

Local Sold Prices

50 sold prices from £210.5K to £925K, average is £670K. £2.4K/m² to £10.3K/m², average is £7.7K/m².

Price
Date
Distance
Address
Beds
 
£570K03/250.04 mi191, Nimrod Road, London SW16 6TN3
£852K04/250.06 mi150, Ribblesdale Road, London SW16 6SR3
£515K02/210.08 mi191, Nimrod Road, London, Greater London SW16 6TN3
£715K06/210.08 mi151, Ribblesdale Road, London, Greater London SW16 6SP3
£560K01/230.12 mi14, Beclands Road, London, Greater London SW17 9TJ3
£586K02/230.12 mi32, Beclands Road, London, Greater London SW17 9TJ3
£759.7K08/230.14 mi38, Greyswood Street, London, Greater London SW16 6QN3
£705K02/230.14 mi4, Beclands Road, London, Greater London SW17 9TJ3
£568K01/240.14 mi30, Beclands Road, London, Greater London SW17 9TJ3
£620K01/250.14 mi5, Beclands Road, London SW17 9TL3
£745K03/230.15 mi15, Longstone Road, London, Greater London SW17 9BN3
£620K03/210.19 mi115, Southcroft Road, London, Greater London SW17 9TN3
£660K02/230.19 mi101, Southcroft Road, London, Greater London SW17 9TN3
£635K10/240.22 mi1b, Greyswood Street, London SW16 6QW3
£710K11/210.22 mi8, Edencourt Road, London, Greater London SW16 6QP3
£641.6K04/240.22 mi7, Freshwater Road, London SW17 9TH3
£625K09/220.23 mi3, Freshwater Road, London, Greater London SW17 9TG3
£570K06/210.23 mi54, Welham Road, London, Greater London SW17 9BT3
£665K02/230.23 mi210, Mitcham Lane, London, Greater London SW16 6NT3
£210.5K08/230.24 mi162, Seely Road, London, Greater London SW17 9QZ3
£727.5K09/210.24 mi31, Daleside Road, London, Greater London SW16 6SN3
£635K06/210.24 mi146, Seely Road, London, Greater London SW17 9QY3
£670K01/230.24 mi130, Seely Road, London, Greater London SW17 9QY3
£705K10/210.25 mi1, Freshwater Road, London, Greater London SW17 9TG3
£775K09/230.26 mi33, Vectis Road, London, Greater London SW17 9RF3
£780K03/210.26 mi158, Crowborough Road, London, Greater London SW17 9QG3
£770K04/230.26 mi152, Crowborough Road, London, Greater London SW17 9QG3
£710K03/230.27 mi3, Ipswich Road, London, Greater London SW17 9RH3
£700K04/230.27 mi36, Vectis Road, London, Greater London SW17 9RG3
£550K03/210.27 mi22, Hailsham Road, London, Greater London SW17 9EN3
£667.5K04/240.28 mi39, Vectis Road, Tooting, London SW17 9RF3
£710K09/220.28 mi99, Seely Road, London, Greater London SW17 9QP3
£715K02/250.29 mi7, Hailsham Road, Tooting, London SW17 9EN3
£925K11/210.31 mi53, Rectory Lane, London, Greater London SW17 9PY3
£532.3K03/250.31 mi210, Links Road, Tooting, London SW17 9ES3
£625K12/210.31 mi19, Frinton Road, London, Greater London SW17 9EH3
£605K05/250.32 mi122a, Rectory Lane, London SW17 9PX3
£775.1K04/230.32 mi56, Credenhill Street, London, Greater London SW16 6PR3
£707.5K09/210.32 mi5, Eastwood Street, London, Greater London SW16 6PT3
£657.5K03/250.33 mi61, Seely Road, Tooting, London SW17 9QP3
£825K09/210.33 mi51, Corsehill Street, London, Greater London SW16 6NE3
£775K10/230.34 mi126, Links Road, London, Greater London SW17 9ES3
£600K01/250.34 mi37, Deal Road, Tooting, London SW17 9JW3
£670K03/230.35 mi36, Rural Way, London, Greater London SW16 6PF3
£686K05/230.35 mi203, Fallsbrook Road, London, Greater London SW16 6DY3
£655K05/210.36 mi65, Seely Road, London, Greater London SW17 9QP3
£755K01/250.38 mi28, Rural Way, Streatham, London SW16 6PF3
£700K03/210.39 mi21, Ridge Road, Mitcham, Greater London CR4 2ET3
£695K09/210.39 mi9, Cunliffe Street, London, Greater London SW16 6DS3
£418.2K02/250.4 mi21, Blegborough Road, London, Greater London SW16 6DL3

Local Rents

50 rents from £1.9K/mo to £3.5K/mo, average is £2.6K/mo.

Rent
Date
Distance
Address
Beds
 
£2,50005/250.09 miNimrod Road, Tooting, London, SW163
£2,10007/250.12 miNimrod Road, London, SW163
£2,40006/250.14 miBeclands Road, Wandsworth Common, SW173
£2,40007/250.14 miBeclands Road, Wandsworth Common, SW173
£2,70007/250.14 miRibblesdale Road, Furzedown, London, SW163
£2,50007/250.14 mi-3
£3,00010/240.16 mi-3
£2,75007/250.17 miMoyser Road, London, SW163
£2,75007/250.17 mi-3
£2,10009/240.17 miBeclands Road London SW173
£2,34506/250.21 mi-3
£2,60006/250.22 miPitcairn Court, Mitcham, CR43
£2,60007/250.22 mi-3
£2,50007/250.23 miMitcham Lane, LONDON3
£2,95007/250.24 mi-3
£2,95007/250.24 miSeely Road, London, SW173
£2,40009/240.24 miMitcham Lane, Streatham, SW163
£2,20006/250.24 miMitcham Lane, Streatham, SW163
£2,65006/250.26 miHailsham Road, Tooting, SW173
£2,65006/250.26 miHailsham Road, Tooting, SW173
£2,30007/250.26 miCrowborough Road, London, SW173
£2,70007/250.27 miJersey Road, Tooting, SW173
£2,80009/240.27 miRibblesdale Road, LONDON3
£2,60007/250.27 miChillerton Road, Tooting3
£2,65009/240.28 mi-3
£2,50001/250.29 mi-3
£2,70006/250.29 miGunton Road, LONDON3
£2,20004/250.29 mi-3
£2,20004/250.29 mi-3
£2,45009/240.29 miSouthcroft Road, Tooting, SW173
£2,40009/240.29 mi-3
£3,42506/250.3 miSeely Road, Tooting SW173
£2,60007/250.3 miCorsehill Street, London, SW163
£2,60007/250.3 miFallsbrook Road, Streatham, London, SW163
£3,20009/240.3 mi-3
£2,75011/240.31 mi-3
£2,34509/240.32 miCrowborough Road, Tooting, SW17 3
£2,80009/240.34 miLinks Road, London3
£1,90009/240.35 miMitcham Lane, Streatham, SW163
£2,40010/240.35 mi-3
£2,50002/240.36 mi-3
£3,25003/240.36 miAshbourne Road, Tooting3
£2,55009/240.36 miSeely Road London SW173
£2,90007/250.36 miChurch Lane, London, SW173
£2,90007/250.36 miChurch Lane, London, SW173
£2,90007/250.36 mi-3
£2,80007/250.36 miRural Way, Tooting, London, SW163
£2,50007/250.36 miRural Way, Tooting, London, SW163
£2,70003/250.37 mi-3
£3,50009/240.37 miBoscombe Road, London, SW173

Local Area Statistics

Population in SW16

81,543

Population in London

4,771,921

Town centre distance

7.52 miles away

Nearest school

0.10 miles away

Nearest train station

0.49 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-17%

Sales demand

Balanced market

Capital growth (5yrs)

+16%

Property History

Price changed to £650,000

March 20, 2025

Listed for £695,000

December 26, 2024

Floor Plans

Description

This is a great opportunity to purchase a three-bedroom family home. On the ground floor, the property includes a reception room, bathroom, kitchen with bespoke work surfaces and access to the rear garden. The first floor comprises two double bedrooms and one single bedroom, which can also be used as a study. The property also benefits from an outbuilding/garage and convenient side access.

There is potential to extend the property and explore a loft conversion for additional living space, subject to the necessary planning permissions and consents.

The property is situated on Nimrod Road, a quiet and highly desirable residential street in the Furzedown area. It benefits from excellent transport connections, including Tooting Broadway Underground Station just 0.1 miles away and Tooting Mainline Station within 0.6 miles. Nearby amenities include Furzedown Recreation Centre and Tooting Bec Common, providing easy access to local facilities in both Tooting Bec and Streatham Common. Additionally, the popular Graveney Secondary School is located close by.

Please note that any reference to development potential is subject to planning permission, and prospective buyers should make their own inquiries to verify all details.

Wandsworth Council Tax Band: D

Agent Details

Winkworth, Tooting

020 3869 5338

Next Steps?

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