2 Bed Flat, Refurb/BRRR, London, SW13 8EJ, £625,000

Trinity Church Road, Barnes, SW13 8EJ - 27 views - 3 months ago

Under Offer
Leasehold
Refurb/BRRR
ROI: 9%
~68 m²
+11 photos

ValuationFair Value

Sold Prices£210K - £1.4M
Sold Prices/m²£6.1K/m² - £18.1K/m²

 

 

Square Metres

~68.11 m²
Price/m²£9.2K/m²

Value Estimate

£614,891

 

 

End Value (After Refurb)

£664,497

Uplift in Value

+6%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£156,250

Stamp Duty & Legal Fees

£38,700

Refurb Costs

£36,000

Bridging Loan Interest

£16,406

Total Cash In

£249,106

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£664,497

Mortgage (After Refinance)

£498,373

Mortgage LTV

75%

Cash Released

£29,623

Cash Left In

£219,483

Equity

£166,124

Rent Range

£2,350 - £6,825

Rent Estimate

£4,997

Running Costs/mo

£3,096

Cashflow/mo

£1,901

Cashflow/yr

£22,813

ROI

9%

Gross Yield

10%

Local Sold Prices

50 sold prices from £210K to £1.4M, average is £650K. £6.1K/m² to £18.1K/m², average is £9.6K/m².

PriceDateDistanceAddressBeds 
£800K05/210.09 mi14, Oriel Drive, London, Greater London SW13 8HF2
£800K05/210.1 mi14, Oriel Drive, Barnes, London, Greater London SW13 8HF2
£700K12/220.1 mi14, Oriel Drive, Barnes, London, Greater London SW13 8HF2
£745K03/230.21 mi24, Castelnau Gardens, London, Greater London SW13 8DU2
£700K12/220.21 mi51, Castelnau Gardens, London, Greater London SW13 8DU2
£770K02/230.21 mi46, Castelnau Gardens, London, Greater London SW13 8DU2
£510K04/210.23 mi2, Trinity Church Road, London, Greater London SW13 8ES2
£625K04/230.25 miGround Floor Flat, 12, Rainville Road, London, Greater London W6 9HA2
£700K03/210.25 mi3, Castelnau Gardens, London, Greater London SW13 8DU2
£1.1M07/230.27 miFlat 72, King Henrys Reach, Manbre Road, London, Greater London W6 9RH2
£1.3M06/230.27 miFlat 80, King Henrys Reach, Manbre Road, London, Greater London W6 9RH2
£1.2M11/210.27 miFlat 61, King Henrys Reach, Manbre Road, London, Greater London W6 9RH2
£1.4M06/230.27 miFlat 81, King Henrys Reach, Manbre Road, London, Greater London W6 9RH2
£640K02/210.27 mi77a, Petley Road, London, Greater London W6 9SU2
£734.3K02/240.27 mi7a, Petley Road, London, Greater London W6 9SU2
£700K03/210.27 miFlat 30, King Henrys Reach, Manbre Road, London, Greater London W6 9RH2
£725K08/230.28 mi18, Petley Road, London, Greater London W6 9ST2
£592.5K07/210.3 miFlat 12, Rosebank, Holyport Road, London, Greater London SW6 6LG2
£740K08/210.43 miGround And First Floor Flat, 40, Chancellors Road, London, Greater London W6 9RS2
£650K06/230.47 miFlat 57, Digby Mansions, Hammersmith Bridge Road, London, Greater London W6 9DF2
£758K11/200.48 mi19, Langthorne Street, London, Greater London SW6 6JT2
£650K02/210.48 mi342, Fulham Palace Road, London, Greater London SW6 6HS2
£725K12/220.48 miGround Floor Flat, 19, Averill Street, London, Greater London W6 8ED2
£421.5K01/230.5 mi63c, Greyhound Road, London, Greater London W6 8NH2
£515K10/230.5 miFlat 44, St. Clements Mansions, Lillie Road, London, Greater London SW6 7PQ2
£532.2K02/210.51 mi348a, Fulham Palace Road, London, Greater London SW6 6HT2
£640K11/200.51 miFirst Floor Flat, 9, Kenyon Street, London, Greater London SW6 6JZ2
£470K08/230.52 miFirst Floor Flat, 27, Mall Road, London, Greater London W6 9DG2
£551K12/200.56 miGround Floor Flat, 76, Biscay Road, London, Greater London W6 8JN2
£556K01/230.57 miGround Floor Flat, 90, Biscay Road, London, Greater London W6 8JN2
£600K07/230.58 mi51a, Yeldham Road, London, Greater London W6 8JF2
£400K02/240.62 mi130, Aspen Gardens, London, Greater London W6 9JF2
£800K06/210.63 miGround Floor Flat, 57, Woodlawn Road, London, Greater London SW6 6PS2
£650K12/200.63 miFirst Floor Flat, 98b, Bronsart Road, London, Greater London SW6 6AB2
£420K03/210.65 miFlat 11, Queensmere Court, Verdun Road, London, Greater London SW13 9AT2
£731.3K04/230.66 miFirst And Second Floor Flat, 82, Bronsart Road, London, Greater London SW6 6AB2
£499.9K11/230.66 mi104a, Greyhound Road, London, Greater London W6 8NT2
£595K09/210.66 mi19a, Claxton Grove, London, Greater London W6 8HD2
£615K01/210.66 mi9, Margravine Road, London, Greater London W6 8LS2
£735K02/210.67 mi9a, Margravine Road, London, Greater London W6 8LS2
£750K06/210.68 mi23b, Mablethorpe Road, London, Greater London SW6 6AQ2
£615K10/210.68 mi51a, Mablethorpe Road, London, Greater London SW6 6AQ2
£657K01/210.68 mi15b, Rivercourt Road, London, Greater London W6 9LD2
£650K06/230.68 miFlat 3, Cundall Court, Mablethorpe Road, London, Greater London SW6 6AH2
£831K04/210.71 mi39, Tasso Road, London, Greater London W6 8LY2
£335K02/210.71 miFlat 208, Ashcroft Square, King Street, London, Greater London W6 0YP2
£210K09/230.74 miFlat 25, Clarke Court, Great West Road, London, Greater London W6 9AP2
£650K08/230.74 mi3b, Humbolt Road, London, Greater London W6 8QH2
£470K09/210.75 miFlat 10, Bazalgette Court, Great West Road, London, Greater London W6 9AG2
£460K04/230.75 miFlat 28, Bazalgette Court, Great West Road, London, Greater London W6 9AG2

Local Rents

50 rents from £2.4K/mo to £6.8K/mo, average is £5.1K/mo.

RentDateDistanceAddressBeds 
£2,35009/240.02 miClayton House, Barnes Waterside, SW132
£2,50009/240.1 miTrinity Church Road, Barnes, SW132
£2,39509/240.16 mi-2
£2,95009/240.2 miCastelnau Gardens, Castelnau, London, SW132
£5,85010/240.21 miRainville Road, Fulham2
£4,11710/240.21 miPalace Wharf, Hammersmith, London, W62
£6,00110/240.21 miPalace Wharf Apartments, Rainville Road, London W62
£4,18110/240.22 miPalace Wharf, London, W62
£6,82510/240.22 miPalace Wharf, London, W62
£5,09110/240.23 miPalace Wharf, London, W62
£5,37310/240.23 miPalace Wharf, Rainville Road, W62
£6,82510/240.23 miPalace Wharf, Rainville Road, W62
£4,18210/240.23 miPalace Wharf, Rainville Road, W62
£5,09210/240.23 miRainville Road, London2
£5,37310/240.24 miPalace Wharf W62
£5,09210/240.24 miPalace Wharf W62
£4,18210/240.24 miPalace Wharf W62
£6,00210/240.24 miPalace Wharf W62
£6,82510/240.24 miPalace Wharf W62
£6,77310/240.24 miPalace Wharf, Rainville Road, London2
£5,37310/240.24 miPalace Wharf, Rainville Road, London2
£5,37310/240.24 miRainville Road, London, W62
£6,82510/240.24 miRainville Road, London, W62
£5,85010/240.24 miPalace Wharf, Bishop's Park, London, W62
£3,87010/240.24 miPalace Wharf, W62
£4,26810/240.24 miRainville Road Fulham W62
£5,37310/240.24 miPalace Wharf, Rainville Road, Fulham, London, W62
£5,37310/240.24 miPalace Wharf, Rainville Road, Hammersmith, W62
£6,82510/240.24 miPalace Wharf, Rainville Road, Hammersmith, W62
£4,18210/240.24 miRainville Road London W62
£4,18210/240.24 miPalace Wharf, Hammersmith 2
£4,18110/240.24 miPalace Wharf, Rainville Road, Hammersmith, W62
£5,09110/240.24 miRainville Road, Hammersmith, SW62
£4,18210/240.24 miPalace Wharf, London, W62
£5,09110/240.24 miPalace Wharf, Rainville Road, Fulham, London, W62
£5,37310/240.24 miPalace Wharf, Rainville Road, W62
£4,07810/240.24 miRainville Road, London, W62
£5,37310/240.24 miPalace Wharf Apartments, Hammersmith2
£4,18210/240.24 miPalace Wharf, Hammersmith2
£5,85010/240.24 miPalace Wharf, London2
£4,18210/240.24 miPalace Wharf Apartments, Hammersmith2
£5,09210/240.24 miRainville Road, London, W62
£4,18210/240.24 miRainville Road, London, W62
£6,00210/240.24 miPalace Wharf, Rainville Road, W62
£6,00210/240.24 miRainville Road, London, W62
£5,85010/240.24 miPalace Wharf Apartments, Rainville Road, London W62
£4,31210/240.24 miPalace Wharf, Rainville Road, Hammersmith, W62
£4,32510/240.24 miPalace Wharf, Rainville Road, W62
£6,82510/240.24 miPalace Wharf, Rainville Road, Fulham, London, W62
£4,18110/240.24 miPalace Wharf, Rainville Road, Fulham, London, W62

Local Area Statistics

Population in SW13

15,873

Population in London

4,771,921

Town centre distance

6.16 miles away

Nearest school

0.40 miles away

Nearest train station

0.72 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-14%

Sales demand

Balanced market

Capital growth (5yrs)

-4%

Property History

Listed for £625,000

December 26, 2024

Floor Plans

Description

  • 2 bathrooms +
  • 2 bedrooms +
  • Private allocated parking +
  • 850 sq ft +
  • Barnes Waterside development +
    • NO CHAIN * +

A spacious 2 bed, 2 bath ground floor apartment/flat located within the highly sought after Barnes riverside development. The property is sold with no chain, benefitting from an allocated parking space, sash window, entry-phone system, original 999year lease, wonderful landscaped communal gardens, visitor parking, good storage and excellent long term potential. The flat is accessed via secure communal entrance with entry-phone system. The living space offers large hallway with storage, large reception room with a lovely octagonal dining area, 'sun-room', fitted kitchen with appliances, principle bedroom with en-suite, second bedroom and refitted bathroom. The property is dated but well presented although some modernisation is required. In our opinion the property provides an excellent opportunity for a buyer to improve to their own specifications. Externally, there is wonderful mature landscaped communal gardens, residents parking and direct access through to Thames Path with riverside walks to Barnes, Kew, Putney and further afield.

The location

Trinity Church Road is part of the highly sought after Barnes Waterside development. Located near Hammersmith Bridge it is an ideal location for commuting into Central London with village life also on your doorstep. There are a number of nearby local shops, restaurants and riverside pubs on Castelnau and Hammersmith Embankment. Barnes Village offers an eclectic array of boutique shops, restaurants, Olympic cinema, iconic pubs, Barnes village green and duck pond. Commuting wise there are bus services to Richmond and Putney, and Barnes mainline station, providing access in to central London and Waterloo. Hammersmith Underground is accessible across Hammersmith bridge. Nearby schools include St Paul's boys School, St Paul's Juniors, Harrodian, Lowther Primary and the Swedish School.

Council Tax Band: F (London Borough of Richmond upon Thames)
Tenure: Leasehold (975 years)

Agent Details

Sceon + Berne, London

020 3907 2826

Next Steps?

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