3 Bed Terraced House, Refurb/BRRR, London, SE23 2TL, £750,000

Hawkesfield Road, London, SE23 2TL - 4 views - 3 months ago

Sold STC
Refurb/BRRR
~93 m²
+6 photos

ValuationOvervalued

Sold Prices£393K - £767.5K
Sold Prices/m²£4.8K/m² - £8.2K/m²

 

 

Square Metres

~93 m²
Price/m²£8.1K/m²

Value Estimate

£558,088

 

 

End Value (After Refurb)

£720,150

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£187,500

Stamp Duty & Legal Fees

£48,700

Refurb Costs

£49,200

Bridging Loan Interest

£19,688

Total Cash In

£306,838

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£720,150

Mortgage (After Refinance)

£540,113

Mortgage LTV

75%

Cash Left In

£306,838

Equity

£180,038

Rent Range

£1,600 - £4,500

Rent Estimate

£2,286

Running Costs/mo

£2,728

Cashflow/mo

£-442

Cashflow/yr

£-5,300

Gross Yield

4%

Local Sold Prices

50 sold prices from £393K to £767.5K, average is £600K. £4.8K/m² to £8.2K/m², average is £6.1K/m².

PriceDateDistanceAddressBeds 
£610K04/210 mi2, Hawkesfield Road, London, Greater London SE23 2TL3
£630K04/210.03 mi83, Hawkesfield Road, London, Greater London SE23 2TN3
£520K11/200.06 mi73, Houston Road, London, Greater London SE23 2RL3
£500K08/230.06 mi91, Houston Road, London, Greater London SE23 2RL3
£521K05/210.06 mi85, Houston Road, London, Greater London SE23 2RL3
£720K07/230.06 mi1, Ticehurst Road, London, Greater London SE23 2TJ3
£663.5K09/230.07 mi2, Nyon Grove, London, Greater London SE6 4EU3
£605K04/210.07 mi36, Levendale Road, London, Greater London SE23 2TW3
£720.1K04/210.07 mi44, Levendale Road, London, Greater London SE23 2TW3
£460K11/200.07 mi105, Houston Road, London, Greater London SE23 2RL3
£565K03/210.08 mi14, Houston Road, London, Greater London SE23 2RN3
£500K03/210.08 mi12, Houston Road, London, Greater London SE23 2RN3
£696.6K11/200.09 mi19, Levendale Road, London, Greater London SE23 2TP3
£630K11/210.09 mi15, Levendale Road, London, Greater London SE23 2TP3
£600K08/230.1 mi25, Clarens Street, London, Greater London SE6 4ES3
£650K09/230.11 mi24, Helvetia Street, London, Greater London SE6 4EX3
£580K10/200.12 mi62, Woolstone Road, London, Greater London SE23 2SW3
£600K12/230.12 mi86, Perry Hill, London, Greater London SE6 4EY3
£675K02/230.15 mi60, Priestfield Road, London, Greater London SE23 2RS3
£688.5K02/210.15 mi68, Priestfield Road, London, Greater London SE23 2RS3
£545K03/210.15 mi42, Priestfield Road, London, Greater London SE23 2RS3
£500K03/210.16 mi36, Neuchatel Road, London, Greater London SE6 4EQ3
£670K02/230.16 mi31, Neuchatel Road, London, Greater London SE6 4EH3
£540K09/210.16 mi5, Priestfield Road, London, Greater London SE23 2RW3
£695K06/210.16 mi21, Priestfield Road, London, Greater London SE23 2RW3
£596.5K09/210.17 mi161, Woolstone Road, London, Greater London SE23 2TG3
£767.5K11/210.17 mi151, Woolstone Road, London, Greater London SE23 2TG3
£515K10/210.19 mi34, Castlands Road, London, Greater London SE6 4LN3
£645K12/220.2 mi27, Selworthy Road, London, Greater London SE6 4DP3
£510K11/200.21 mi1a, Winsford Road, London, Greater London SE6 4LS3
£625K10/220.22 mi18, Selworthy Road, London, Greater London SE6 4DP3
£615K03/210.23 mi38, Winsford Road, London, Greater London SE6 4LX3
£690K05/210.24 mi125, Cranston Road, London, Greater London SE23 2EZ3
£393K01/230.24 mi38, Burford Road, London, Greater London SE6 4DD3
£560K08/230.25 mi168, Cranston Road, Forest Hill, London, Greater London SE23 2EY3
£680K09/230.25 mi146, Cranston Road, Forest Hill, London, Greater London SE23 2EY3
£590K01/210.25 mi116, Cranston Road, Forest Hill, London, Greater London SE23 2EY3
£612K06/210.25 mi146, Cranston Road, London, Greater London SE23 2EY3
£617K10/200.25 mi82, Cranston Road, London, Greater London SE23 2EY3
£490K02/210.25 mi72, Cranston Road, Forest Hill, London, Greater London SE23 2EY3
£485K03/210.26 mi78, Burford Road, London, Greater London SE6 4DB3
£510K12/200.26 mi129, Burford Road, London, Greater London SE6 4DB3
£620K05/230.27 mi9, Tugela Street, London, Greater London SE6 4DQ3
£500K07/230.27 mi89, Selworthy Road, London, Greater London SE6 4DW3
£635K02/240.27 mi15, Aldermoor Road, London, Greater London SE6 4DL3
£470K07/230.28 mi6, Cameron Road, London, Greater London SE6 4DJ3
£530K02/240.29 mi106, Selworthy Road, London, Greater London SE6 4DN3
£516K04/230.29 mi2, Tugela Street, London, Greater London SE6 4DG3
£499.9K11/210.29 mi250, Perry Hill, London, Greater London SE6 4HD3
£650K12/220.3 mi33, Como Road, London, Greater London SE23 2JL3

Local Rents

43 rents from £1.6K/mo to £4.5K/mo, average is £2.3K/mo.

RentDateDistanceAddressBeds 
£2,50008/240.09 miHouston Road, Forest Hill, London, SE233
£2,50008/240.1 miHouston Road, Forest Hill, SE233
£1,75008/240.21 miElsinore Road London SE233
£2,69508/240.23 miPerry Rise, London, SE233
£1,85008/240.24 miPerry Vale, London, SE233
£2,25002/250.26 mi-3
£2,20002/250.26 mi-3
£2,20001/250.27 mi-3
£2,30001/250.28 mi-3
£2,40008/240.29 miTugela Street London SE63
£4,50008/240.29 miVancouver road, SE233
£1,85010/240.3 mi-3
£2,45011/240.3 mi-3
£2,40003/250.3 mi-3
£2,40012/240.32 mi-3
£2,25011/230.33 miAdamsrill Road, Sydenham, SE263
£2,10008/240.34 mi-3
£2,40002/250.36 mi-3
£2,60008/240.4 mi-3
£2,60008/240.42 miExbury Road, London, SE6 4ND3
£1,80008/240.42 miCatford Hill, London, SE63
£2,25008/240.44 miColfe Road, London, SE233
£2,00008/240.45 miHolmshaw Close, London, SE263
£2,19508/240.46 miBroadmead, London, SE63
£2,20011/240.46 mi-3
£2,00008/240.47 mi-3
£2,30008/240.48 mi-3
£2,30008/240.5 mi-3
£2,30008/240.5 miLondon, SE263
£2,30010/240.51 mi-3
£2,45008/240.51 mi-3
£2,65003/250.51 mi-3
£4,00004/250.51 mi-3
£2,20001/250.53 mi-3
£2,30008/240.53 miAdamsrill Road, London3
£2,00008/240.57 miRavensbourne Road, London, SE63
£1,95010/240.57 mi-3
£1,80008/240.58 miStanstead Road, London, SE63
£2,40004/250.59 mi-3
£3,00003/250.59 mi-3
£2,75008/240.6 miDacres Road, Forest Hill, London, SE233
£1,60008/240.61 miPerry Vale, Forest Hill, SE233
£2,30008/240.62 mi-3

Local Area Statistics

Population in SE23

33,682

Population in London

4,771,921

Town centre distance

7.03 miles away

Nearest school

0.20 miles away

Nearest train station

0.72 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+13%

Sales demand

Balanced market

Capital growth (5yrs)

+4%

Property History

Listed for £750,000

January 8, 2025

Floor Plans

Description

  • Three Bedrooms +
  • 1930s Family Home +
  • Chain Free +
  • SW Facing Garden +
  • Garage +
  • In Need Of Some Modernisation +
  • EPC Rating C +
  • Council Tax Band D +

A lovely three bedroom 1930s family home in need of some modernisation, located on a quiet residential street close to both Kilmorie and Rathfern Primary schools and Forest Hill Station.  Being sold chain free, the property has a garage at the rear and a SW facing garden measuring 53ft in length.  The accommodation comprises an entrance hallway, a lounge with a feature fireplace and a bay window to the front, an open plan kitchen and dining room with french doors to the rear and a ground floor guest WC.  On the first floor are two double bedrooms, a single bedroom and a family bathroom suite. Subject the necessary permissions and consents, the property has scope to extend in to the loft space to create another bedroom and bathroom, and also at the rear.  Tenure Freehold Council Tax Band D EPC Rating C

Agent Details

Benjamin Matthews, Forest Hill - Sales

020 3835 6485

Next Steps?

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