2 Bed Flat, Refurb/BRRR, London, SW2 3HD £400,000

Cricklade Avenue, Streatham Hill, SW2 3HD - 11 views - a year ago

Leasehold

Cash

Refurb/BRRR

ROI: 2%

~68 m²

ValuationFair Value

Sold Prices	£250K - £650K
Sold Prices/m²	£3.2K/m² - £13.8K/m²

Square Metres	~68.11 m²
Price/m²	£5.9K/m²
Value Estimate	£400,000£400,000

End Value (After Refurb)	£457,857£457,857
Uplift in Value	+14%+14%

Investment Opportunity

Cash In
Purchase Finance	Bridging LoanBridging Loan
Deposit (25%)	£100,000£100,000
Stamp Duty & Legal Fees	£20,700£20,700
Refurb Costs	£36,128£36,128
Bridging Loan Interest	£10,500£10,500
Total Cash In	£169,078£169,078

Cash Out
Monetisation	FlipRefinance & RentRefinance & Rent
Revaluation	£457,857£457,857
Mortgage (After Refinance)	£343,393£343,393
Mortgage LTV	75%75%
Cash Released	£43,393£43,393
Cash Left In	£125,686£125,686
Equity	£114,464£114,464
Rent Range	£1,675 - £2,550£1,675 - £2,550
Rent Estimate	£2,103
Running Costs/mo	£1,871£1,871
Cashflow/mo	£232£232
Cashflow/yr	£2,779£2,779
ROI	2%2%
Gross Yield	6%6%

Local Sold Prices

50 sold prices from £250K to £650K, average is £457.5K. £3.2K/m² to £13.8K/m², average is £7.4K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£485K	06/21	0.12 mi	110b, Barcombe Avenue, London, Greater London SW2 3BA	-	-	2	Flat
£495K	06/21	0.12 mi	128, Amesbury Avenue, London, Greater London SW2 3AB	£8,534	58	2	Flat
£375K	04/23	0.13 mi	Flat 47, Wavertree Court, Streatham Hill, London, Greater London SW2 4TN	-	-	2	Flat
£365K	09/21	0.13 mi	Flat 58, Wavertree Court, Streatham Hill, London, Greater London SW2 4TW	-	-	2	Flat
£387.5K	10/21	0.13 mi	Flat 79, Wavertree Court, Streatham Hill, London, Greater London SW2 4TW	-	-	2	Flat
£382K	01/23	0.13 mi	Flat 72, Wavertree Court, Streatham Hill, London, Greater London SW2 4TW	-	-	2	Flat
£522.5K	08/25	0.13 mi	142, Amesbury Avenue, London SW2 3AB	-	-	2	Flat
£500K	01/25	0.14 mi	2, Apartment 11, Gaumont Place, London SW2 4FY	£6,494	77	2	Flat
£480K	06/21	0.14 mi	139, Barcombe Avenue, Streatham Hill, London, Greater London SW2 3BQ	£7,059	68	2	Flat
£575K	01/25	0.14 mi	96, Wyatt Park Road, London SW2 3TP	£7,667	75	2	Flat
£365K	01/25	0.14 mi	Wavertree Court, 39, Streatham Hill, London SW2 4TN	£6,293	58	2	Flat
£550K	02/23	0.16 mi	22, Hailsham Avenue, London, Greater London SW2 3AH	-	-	2	Flat
£364.1K	01/25	0.16 mi	Corner Fielde, 65, Streatham Hill, London SW2 4TJ	£5,780	63	2	Flat
£420K	11/21	0.2 mi	Flat 19, Streatleigh Court, Streatham High Road, London, Greater London SW16 1EG	-	-	2	Flat
£650K	05/23	0.21 mi	Flat B, 5, Killieser Avenue, London, Greater London SW2 4NU	-	-	2	Flat
£507.5K	03/25	0.23 mi	19, Flat 2, Drewstead Road, London SW16 1LY	£7,808	65	2	Flat
£385K	05/25	0.23 mi	20, 7 Picture House, Streatham High Road, London SW16 1EH	£4,873	79	2	Flat
£304.5K	06/23	0.24 mi	51, Mountearl Gardens, London, Greater London SW16 2NL	£5,075	60	2	Flat
£370K	02/25	0.25 mi	11 Norwich House, Flat 48, Streatham High Road, London SW16 1DG	£6,167	60	2	Flat
£420K	03/25	0.27 mi	3, Tierney Road, London SW2 4QL	£10,574	40	2	Flat
£567.5K	08/23	0.27 mi	261, Barcombe Avenue, Streatham Hill, London, Greater London SW2 3BH	£13,841	41	2	Flat
£550K	04/23	0.27 mi	197, Barcombe Avenue, Streatham Hill, London, Greater London SW2 3BH	£8,333	66	2	Flat
£465K	11/21	0.28 mi	118a, Cricklade Avenue, London, Greater London SW2 3HH	£8,304	56	2	Flat
£440K	03/25	0.28 mi	34, Keymer Road, London SW2 3AP	£8,000	55	2	Flat
£415K	07/25	0.29 mi	42b, Streatham Court, Streatham High Road, London SW16 1DL	-	-	2	Flat
£336K	03/25	0.3 mi	Wray House, 16, Streatham Hill, London SW2 4AR	£6,222	54	2	Flat
£495K	08/21	0.31 mi	Flat B, 75, Telford Avenue, London, Greater London SW2 4XL	-	-	2	Flat
£515K	03/25	0.31 mi	29, Flat 4, Tierney Road, London SW2 4QL	£8,171	63	2	Flat
£500K	02/25	0.32 mi	3a Harford Court, Flat 4, Palace Road, London SW2 3DY	£7,692	65	2	Flat
£415K	03/25	0.33 mi	37 Ducavel House, 2, Palace Road, London SW2 3EB	£5,000	83	2	Flat
£342.3K	07/25	0.34 mi	8, Dorrien Walk, London SW16 1AR	-	-	2	Flat
£448K	06/21	0.34 mi	Flat 26, Endsleigh Mansions, Leigham Avenue, London, Greater London SW16 2DP	-	-	2	Flat
£250K	03/25	0.35 mi	38, 39 Baly House, Palace Road, London SW2 3EG	£3,247	77	2	Flat
£430K	10/21	0.36 mi	25b, Montrell Road, London, Greater London SW2 4QD	-	-	2	Flat
£450K	05/23	0.37 mi	Flat 16, Holmleigh Court, Leigham Avenue, London, Greater London SW16 2PX	-	-	2	Flat
£500K	07/23	0.38 mi	87, Salford Road, London, Greater London SW2 4BE	-	-	2	Flat
£390.5K	04/23	0.39 mi	Flat 25, The High, Streatham High Road, London, Greater London SW16 1HE	-	-	2	Flat
£585K	03/23	0.39 mi	38a, Hitherfield Road, London, Greater London SW16 2LN	-	-	2	Flat
£481.3K	03/25	0.39 mi	Flat E, 33, Mount Ephraim Road, London SW16 1LP	-	-	2	Flat
£610K	07/25	0.4 mi	68a, Salford Road, London SW2 4BG	-	-	2	Flat
£320K	09/21	0.4 mi	Flat 22, Howland House, Leigham Avenue, London, Greater London SW16 2TG	-	-	2	Flat
£387.5K	04/25	0.41 mi	50, Christchurch House, Christchurch Road, London SW2 3UB	£6,798	57	2	Flat
£403K	08/25	0.41 mi	27, Stockfield Road, London SW16 2LU	-	-	2	Flat
£640K	03/23	0.42 mi	92, Telford Avenue, London, Greater London SW2 4XG	£9,014	71	2	Flat
£526.5K	06/21	0.42 mi	Ground Floor Flat, 9, Cotherstone Road, London, Greater London SW2 3NE	-	-	2	Flat
£380K	06/21	0.42 mi	Flat B, 11, Thornton Avenue, London, Greater London SW2 4HL	-	-	2	Flat
£575K	08/25	0.44 mi	48, Woodleigh Gardens, London SW16 2SY	-	-	2	Flat
£550K	03/25	0.44 mi	237a, Flat 10, Brixton Hill, London SW2 1EQ	£7,432	74	2	Flat
£550.5K	05/25	0.44 mi	Flat 3, 87, Tierney Road, London SW2 4QH	£7,340	75	2	Flat
£650K	08/25	0.44 mi	45a, Criffel Avenue, London SW2 4BW	-	-	2	Flat

Local Rents

50 rents from £1.7K/mo to £2.5K/mo, average is £2.2K/mo.

Rent	Date	Distance	Address	Beds	Type
£2,000	09/24	0.04 mi	Barcombe Avenue, London, SW2	2	Flat
£2,500	08/25	0.05 mi	Downton Avenue, London, SW2	2	Flat
£2,400	07/25	0.07 mi	Barcombe Avenue, London, SW2	2	Flat
£2,200	02/25	0.07 mi	-	2	Flat
£2,100	11/24	0.07 mi	-	2	Flat
£1,675	06/25	0.07 mi	Downton Avenue, Streatham Hill, London, SW2	2	Flat
£1,750	10/25	0.07 mi	Downton Avenue, Streatham, London, SW2	2	Flat
£2,200	10/25	0.08 mi	Barcombe Avenue, Streatham Hill	2	Flat
£2,075	11/25	0.09 mi	Blairderry Road, London, SW2	2	Flat
£2,250	08/25	0.09 mi	-	2	Flat
£1,800	10/25	0.1 mi	Streatham Hill, Streatham	2	Flat
£2,350	02/24	0.1 mi	-	2	Flat
£1,995	09/24	0.1 mi	Wyatt Park Road, London, SW2	2	Flat
£1,900	05/25	0.1 mi	-	2	Flat
£2,250	09/24	0.1 mi	-	2	Flat
£2,200	09/24	0.11 mi	Amesbury Avenue, Streatham Hill	2	Flat
£2,100	08/25	0.11 mi	-	2	Flat
£1,950	09/25	0.11 mi	-	2	Flat
£1,950	06/25	0.11 mi	Amesbury Avenue, London, SW2	2	Flat
£1,950	07/25	0.11 mi	Amesbury Avenue, London, SW2	2	Flat
£2,000	08/25	0.11 mi	Amesbury Avenue, London, SW2	2	Flat
£1,950	08/25	0.11 mi	Amesbury Avenue, London, SW2	2	Flat
£1,950	09/25	0.11 mi	Amesbury Avenue, London, SW2	2	Flat
£2,400	09/24	0.12 mi	Gaumont Place, Streatham	2	Flat
£2,400	09/24	0.12 mi	Gaumont Place, Streatham	2	Flat
£2,400	10/24	0.12 mi	-	2	Flat
£1,850	09/24	0.12 mi	Streatham Hill, London, SW2	2	Flat
£2,400	09/24	0.12 mi	Gaumont Place, Streatham Hill	2	Flat
£2,300	10/25	0.12 mi	Gaumont Place, Streatham	2	Flat
£2,250	10/25	0.12 mi	Wavertree Court, London, SW2	2	Flat
£2,060	06/25	0.12 mi	-	2	Flat
£2,250	10/25	0.12 mi	-	2	Flat
£2,500	07/25	0.12 mi	Gaumont Place, London, SW2	2	Flat
£2,550	01/25	0.12 mi	-	2	Flat
£1,900	03/25	0.13 mi	-	2	Flat
£1,950	07/25	0.13 mi	-	2	Flat
£1,850	09/24	0.13 mi	-	2	Flat
£2,250	10/25	0.13 mi	95 Downton Avenue, Streatham Hill, London, SW2	2	Flat
£2,000	10/25	0.13 mi	-	2	Flat
£2,496	11/25	0.13 mi	Gaumont Place, Streatham Hill, SW2	2	Flat
£2,150	02/25	0.13 mi	-	2	Flat
£2,250	02/25	0.13 mi	-	2	Flat
£2,350	10/25	0.13 mi	The Penthouse, Gaumont Place, London Square, London, SW2	2	Flat
£2,350	10/25	0.13 mi	The Penthouse, Gaumont Place, London Square, London, SW2	2	Flat
£1,800	10/25	0.13 mi	Two Bedroom Flat to Rent in Streatham Hill	2	Flat
£2,500	02/25	0.14 mi	Blairderry Road, Streatham Hill	2	Flat
£1,995	02/25	0.14 mi	-	2	Flat
£2,450	09/24	0.14 mi	Blairderry Road, Streatham Hill	2	Flat
£2,450	09/24	0.14 mi	Blairderry Road, Streatham Hill	2	Flat
£2,450	09/24	0.14 mi	Blairderry Road, Streatham Hill	2	Flat

Local Area Statistics

Population in SW2	54,20454,204
Population in London	4,771,9214,771,921
Town centre distance	6.16 miles away6.16 miles away
Nearest school	0.20 miles away0.20 miles away
Nearest train station	0.18 miles away0.18 miles away

Rental demand	Landlord's marketLandlord's market
Sales demand	Buyer's marketBuyer's market
Capital growth (5yrs)	+3%+3%

Property History

Listed for £400,000

January 2, 2025

Floor Plans

Description

Requires significant renovation +
Two double bedrooms +
Conservation area +
Leasehold +

Cash Buyers. Having suffered extensive damage, the property comprises of large reception room, bathroom, two double bedrooms.

The property is located within a sought-after conservation area known as the ‘ABC’ roads, in close proximity to Streatham Hill Station which offers swift access into London Bridge, London Victoria, and Clapham Junction. Brixton (on the Victoria line) can be accessed via several direct bus routes. In addition, there are a number of outstanding primary and secondary schools, parks, bars and restaurants.

Agent Details

Marsh & Parsons, Streatham Hill

020 8671 0171

Next Steps?

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

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ValuationFair Value

Investment OpportunityOpen in Analyser

Local Sold PricesDownload Show map

Local RentsDownload Show map

Links

Local Area Statistics

Property History

Floor Plans

Description

Agent Details

Next Steps?

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Investment Opportunity

Local Sold Prices

Local Rents