2 Bed Terraced House, Refurb/BRRR, London, SE25 5NA, £350,000

Percy Road, London, SE25 5NA - 1 views - 3 months ago

Cash
Refurb/BRRR
ROI: 2%
~59 m²
+4 photos

ValuationOvervalued

Sold Prices£320K - £850K
Sold Prices/m²£4.1K/m² - £7K/m²

 

 

Square Metres

~58.70 m²
Price/m²£6K/m²

Value Estimate

£311,175

 

 

End Value (After Refurb)

£355,000

Uplift in Value

+1%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£87,500

Stamp Duty & Legal Fees

£23,700

Refurb Costs

£31,054

Bridging Loan Interest

£9,188

Total Cash In

£153,192

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£355,000

Mortgage (After Refinance)

£266,250

Mortgage LTV

75%

Cash Released

£3,750

Cash Left In

£149,442

Equity

£88,750

Rent Range

£1,400 - £2,800

Rent Estimate

£1,703

Running Costs/mo

£1,470

Cashflow/mo

£233

Cashflow/yr

£2,796

ROI

2%

Gross Yield

6%

Local Sold Prices

50 sold prices from £320K to £850K, average is £400.5K. £4.1K/m² to £7K/m², average is £5.5K/m².

PriceDateDistanceAddressBeds 
£375K01/210.03 mi50, Sidney Road, London, Greater London SE25 5NB2
£450K04/210.03 mi42, Sidney Road, London, Greater London SE25 5NB2
£403K06/210.07 mi70, Carmichael Road, London, Greater London SE25 5LX2
£415K03/210.15 mi36, Carmichael Road, London, Greater London SE25 5LT2
£427.5K03/210.17 mi130, Crowther Road, London, Greater London SE25 5QS2
£320K11/200.22 mi5, Alfred Road, London, Greater London SE25 5LE2
£458K06/210.24 mi5, Enmore Avenue, London, Greater London SE25 5LG2
£437.5K06/210.24 mi9, Enmore Avenue, London, Greater London SE25 5LG2
£410K03/230.26 mi4, Farley Place, London, Greater London SE25 5JR2
£335K07/210.26 mi34, Holland Road, London, Greater London SE25 5QT2
£850K09/210.26 miGrey Gables, Lawrence Road, London, Greater London SE25 5AA2
£415K02/210.26 mi3, Denmark Road, London, Greater London SE25 5QU2
£375K09/210.29 mi8, Holland Road, London, Greater London SE25 5RF2
£460K05/230.3 mi58, Cobden Road, London, Greater London SE25 5NX2
£385K02/230.32 mi178, Birchanger Road, London, Greater London SE25 5BQ2
£375K07/210.34 mi2b, Addison Road, London, Greater London SE25 4LW2
£320K06/210.35 mi25, Cobden Road, London, Greater London SE25 5NY2
£361K03/230.37 mi10, John Street, South Norwood, London, Greater London SE25 4UJ2
£450K06/230.39 mi14, Brocklesby Road, London, Greater London SE25 4LB2
£350K06/230.39 mi34, Cresswell Road, London, Greater London SE25 4LR2
£470K08/220.4 mi22, Cresswell Road, London, Greater London SE25 4LR2
£380K09/210.4 mi68, Addison Road, London, Greater London SE25 4LP2
£475K12/200.4 mi22, Notson Road, London, Greater London SE25 4JZ2
£450K05/230.4 mi1, Notson Road, London, Greater London SE25 4JZ2
£388K04/210.4 mi4, Watcombe Road, London, Greater London SE25 4UZ2
£350K06/210.41 mi44, Coe Avenue, London, Greater London SE25 5HW2
£488.8K10/220.41 mi41, Watcombe Road, London, Greater London SE25 4XA2
£413.5K04/230.42 mi5, Sandown Road, London, Greater London SE25 4XD2
£415K11/200.43 mi70, Oakley Road, London, Greater London SE25 4XQ2
£390K10/210.43 mi31, Anthony Road, London, Greater London SE25 5HA2
£500K07/230.44 mi21, Aylett Road, London, Greater London SE25 4JY2
£340K02/210.45 mi9, Dickensons Place, London, Greater London SE25 5HL2
£440K01/210.46 mi51, Dundee Road, London, Greater London SE25 4QN2
£380K04/210.47 mi167, Albert Road, London, Greater London SE25 4JS2
£420K12/200.48 mi49, Bungalow Road, London, Greater London SE25 6JY2
£422K03/230.48 mi71, Meadvale Road, Croydon, Greater London CR0 6JZ2
£384.5K03/210.48 mi55, Meadvale Road, Croydon, Greater London CR0 6JZ2
£450K03/210.51 mi10, Westgate Road, London, Greater London SE25 4LZ2
£417K12/200.52 mi33, Westgate Road, London, Greater London SE25 4NA2
£325K07/230.53 mi1, Hambledon Gardens, London, Greater London SE25 6BU2
£491K05/230.54 mi47, Westgate Road, London, Greater London SE25 4NA2
£400K12/200.54 mi47, Westgate Road, London, Greater London SE25 4NA2
£362K06/210.55 mi10, Salisbury Road, London, Greater London SE25 5DU2
£345K11/200.56 mi20, Stroud Road, London, Greater London SE25 5DR2
£401K01/230.56 mi22, St Lukes Close, London, Greater London SE25 4SX2
£342.5K03/210.56 mi9, St Lukes Close, London, Greater London SE25 4SX2
£400K07/230.56 mi9, St Lukes Close, London, Greater London SE25 4SX2
£380K08/210.56 mi89a, Woodside Road, London, Greater London SE25 5DP2
£385K04/210.56 mi85, Woodside Road, London, Greater London SE25 5DP2
£375K04/210.58 mi24, Dominion Road, Croydon, Greater London CR0 6JP2

Local Rents

49 rents from £1.4K/mo to £2.8K/mo, average is £1.7K/mo.

RentDateDistanceAddressBeds 
£1,65008/240.01 miPercy Road2
£1,70008/240.04 miSidney Road, South Norwood2
£1,60010/240.04 mi-2
£1,60010/240.12 mi-2
£1,90008/240.14 miEnmore Road, Croydon, London, SE252
£1,70008/240.18 miCrowther Road, London, SE252
£1,80003/250.2 mi-2
£1,70008/240.22 miAlfred Road, London, SE252
£1,60009/240.22 mi-2
£2,60011/240.22 mi-2
£2,80004/250.22 mi-2
£1,70008/240.22 miWatson Place, South Norwood, London, SE252
£1,85008/240.22 miAlfred Road, London, SE252
£1,95011/240.23 mi-2
£1,80011/240.24 mi-2
£1,50008/240.24 miBalfour Road, South Norwood, SE252
£1,50002/240.25 mi-2
£1,45003/250.25 mi-2
£1,75008/240.25 mi-2
£1,85004/250.25 mi-2
£1,70003/250.25 mi-2
£1,70008/240.25 miWatson Place, South Norwood, London, SE252
£1,55008/240.25 miStation Road, London, SE252
£1,60008/240.26 miNorwood Junction High Street, London, SE252
£1,55009/240.26 mi-2
£1,55008/240.26 miPheonix Court, Croydon, SE252
£1,60008/240.26 mi-2
£1,65008/240.28 mi-2
£1,70009/240.28 mi-2
£1,65008/240.29 mi-2
£1,46509/240.29 mi-2
£1,46510/240.29 mi-2
£1,70008/240.3 mi-2
£1,70010/240.3 mi-2
£1,70008/240.3 miPortland Road, London2
£1,70008/240.3 miPortland Road, London2
£1,95008/240.3 mi-2
£1,40009/240.3 miTennison Road, South Norwood, SE252
£1,65001/250.3 mi-2
£1,70003/250.31 mi-2
£1,60011/240.31 mi-2
£1,75008/240.31 miSelhurst Road, London, SE252
£1,60009/240.31 miPortland Road, London, SE252
£1,60010/240.31 mi-2
£1,60008/240.32 miPortland Road, London2
£1,85011/240.33 mi-2
£1,85011/240.33 mi-2
£1,85011/240.33 mi-2
£1,45001/250.34 mi-2

Local Area Statistics

Population in SE25

34,495

Population in London

4,771,921

Town centre distance

9.39 miles away

Nearest school

0.10 miles away

Nearest train station

0.25 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-6%

Sales demand

Balanced market

Capital growth (5yrs)

+15%

Property History

Price changed to £350,000

March 20, 2025

Listed for £365,000

January 6, 2025

Floor Plans

Description

  • Two Bedroom Character Style End of Terrace Family House +
  • Needs Complete Modernisation & Extensive Work Throughout +
  • Side Road Position +
  • Kitchen/Dining Room +
  • Double Glazing +
  • Gas Central Heating With Radiators (Not Tested) +
  • Upstairs Bathroom +
  • The Rear Garden Needs Attention & Fencing +
  • Vacant, No Onward Chain - We Hold Keys +
  • Cash Buyers Preferred. However, If You Are Considering A Mortgage, Please Check With Your Lenders Before Viewing +

Nestled in a quiet side road, this two-bedroom halls adjoining end of terrace character-style house presents a unique opportunity for renovation enthusiasts or investors. The property requires complete modernisation throughout, making it an ideal project for those looking to add value and their personal touch. On the ground floor there is a living room with a separate open plan kitchen/diner. Upstairs, you'll find a bathroom serving the two bedrooms. The rear garden, though currently in need of attention along with new fencing, holds potential for transformation into a lovely outdoor space. There is no onward chain, and keys are held, making the buying process more straightforward. Conveniently located near Norwood Junction BR/Overground Station, offering frequent train services to London. The nearby Harrington Road Tram Link and local bus routes provide excellent transport connections. Local shops are within easy reach, adding to the property's appeal. Properties in need of significant renovation are highly sought after, so early viewing advised. We are instructed that the property is to remain on the market until exchange of contracts, therefore your legal and survey fees may be at risk.

Tenure: Freehold - Croydon council tax band: C - Parking is pay & display

We carry out best endeavours to make our marketing material accurate and reliable, however they do not form part of any contract and are not to be relied upon. Any buyers are advised to seek verification from their solicitor or surveyor.
For broadband and mobile phone coverage at the property in question please visit:

Agent Details

Homecastle Estate Agents, South Norwood

020 3856 8341

Next Steps?

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