2 Bed Terraced House, Refurb/BRRR, London, SE1 8QD, £945,000

Ufford Street, London, SE1 8QD - 2 views - 3 months ago

Sold STC

Refurb/BRRR

ROI: 1%

~68 m²

+7 photos

ValuationOvervalued

Sold Prices	£450K - £3.1M
Sold Prices/m²	£6K/m² - £19.4K/m²

Square Metres	~68.11 m²
Price/m²	£13.9K/m²
Value Estimate	£642,322£642,322

End Value (After Refurb)	£690,711£690,711

Investment Opportunity

Cash In
Purchase Finance	Bridging LoanBridging Loan
Deposit (25%)	£236,250£236,250
Stamp Duty & Legal Fees	£65,300£65,300
Refurb Costs	£36,000£36,000
Bridging Loan Interest	£24,806£24,806
Total Cash In	£364,106£364,106

Cash Out
Monetisation	FlipRefinance & RentRefinance & Rent
Revaluation	£690,711£690,711
Mortgage (After Refinance)	£518,034£518,034
Mortgage LTV	75%75%
Cash Left In	£364,106£364,106
Equity	£172,678£172,678
Rent Range	£1,998 - £5,500£1,998 - £5,500
Rent Estimate	£3,228
Running Costs/mo	£2,824£2,824
Cashflow/mo	£404£404
Cashflow/yr	£4,847£4,847
ROI	1%1%
Gross Yield	4%4%

Local Sold Prices

25 sold prices from £450K to £3.1M, average is £925K. £6K/m² to £19.4K/m², average is £11.7K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£925K	09/21	0 mi	28, Ufford Street, London, Greater London SE1 8QD	£15,219	61	2	Semi-Detached House
£925K	09/21	0 mi	28, Ufford Street, London, Greater London SE1 8QD	£15,219	61	2	Semi-Detached House
£890K	03/21	0.01 mi	18, Ufford Street, London, Greater London SE1 8QD	-	-	2	Terraced House
£1.3M	01/23	0.21 mi	30, Roupell Street, London, Greater London SE1 8TB	£15,511	82	2	Terraced House
£1.4M	10/21	0.22 mi	53, Roupell Street, London, Greater London SE1 8TB	-	-	2	Terraced House
£1.0M	09/23	0.22 mi	40, Roupell Street, London, Greater London SE1 8TB	£10,638	94	2	Terraced House
£1.1M	05/21	0.22 mi	26, Roupell Street, London, Greater London SE1 8TB	-	-	2	Terraced House
£727K	03/23	0.39 mi	17, Mcauley Close, London, Greater London SE1 7BX	-	-	2	Terraced House
£737K	10/22	0.4 mi	37, Scovell Crescent, London, Greater London SE1 1PS	£9,213	80	2	Terraced House
£920K	06/23	0.51 mi	35, Hayles Street, London, Greater London SE11 4SU	-	-	2	Terraced House
£592K	03/21	0.54 mi	38, Hayles Street, London, Greater London SE11 4SX	£12,870	46	2	Terraced House
£2.5M	11/22	0.63 mi	1, Horsemongers Mews, London, Greater London SE1 4GG	£19,431	127	2	Semi-Detached House
£640K	09/21	0.66 mi	8, Heralds Place, London, Greater London SE11 4NP	£11,429	56	2	Terraced House
£985K	04/21	0.82 mi	12, Chester Way, London, Greater London SE11 4UT	£11,193	88	2	Terraced House
£1.4M	08/22	0.83 mi	87, County Street, London, Greater London SE1 4AD	£6,017	236	2	Terraced House
£881K	11/22	0.89 mi	2, Lilac Place, London, Greater London SE11 5QQ	-	-	2	Semi-Detached House
£1.1M	04/23	0.89 mi	56, Guy Street, London, Greater London SE1 3RF	-	-	2	Terraced House
£480K	11/22	0.9 mi	74, Iliffe Street, London, Greater London SE17 3LL	-	-	2	Terraced House
£3.1M	08/21	0.95 mi	15, Lord North Street, London, Greater London SW1P 3LD	-	-	2	Terraced House
£3.1M	08/21	0.95 mi	15, Lord North Street, London, Greater London SW1P 3LD	-	-	2	Terraced House
£450K	02/23	0.97 mi	43a, Browning Street, London, Greater London SE17 1LU	-	-	2	Terraced House
£890K	06/21	0.97 mi	59, Cardigan Street, London, Greater London SE11 5PF	£11,125	80	2	Terraced House
£910K	06/21	0.97 mi	64, Cardigan Street, London, Greater London SE11 5PF	-	-	2	Terraced House
£925K	03/23	1 mi	74, Courtenay Street, London, Greater London SE11 5PQ	£11,709	79	2	Terraced House
£960K	05/22	1 mi	12, Courtenay Square, London, Greater London SE11 5PG	£13,363	72	2	Detached House

Local Rents

50 rents from £2K/mo to £5.5K/mo, average is £3.3K/mo.

Rent	Date	Distance	Address	Beds	Type
£3,500	08/24	0 mi	Boulevard Apartments, Ufford Street, London, SE1	2	Flat
£2,600	08/24	0.01 mi	Ufford Street, Southwark London SE1	2	Flat
£3,600	08/24	0.02 mi	-	2	Semi-Detached House
£3,300	02/25	0.02 mi	-	2	Semi-Detached House
£3,300	03/25	0.02 mi	-	2	Semi-Detached House
£3,030	12/24	0.05 mi	-	2	Flat
£2,420	08/24	0.05 mi	Mitre Road, Southwark London SE1	2	Flat
£2,260	12/24	0.06 mi	-	2	Flat
£3,033	08/24	0.06 mi	Webber Street, London	2	Flat
£2,480	08/24	0.07 mi	Mitre Road, London, SE1	2	Flat
£2,500	08/24	0.07 mi	Mitre Road, Southwark London SE1	2	Flat
£2,650	12/24	0.07 mi	Mitre Road, Southwark London SE1	2	Flat
£2,480	08/24	0.07 mi	MITRE ROAD, Southwark, London, SE1	2	Flat
£4,311	12/24	0.09 mi	Ufford Street, London, SE1	2	Flat
£2,250	11/23	0.09 mi	Bridgehouse Court, Blackfriars Road, London, SE1	2	Flat
£5,390	08/24	0.09 mi	Ufford Street, London, SE1 8FF, UK	2	Flat
£2,800	08/24	0.09 mi	The Cut, London, SE1	2	Flat
£3,000	12/24	0.11 mi	-	2	Flat
£5,000	12/24	0.11 mi	-	2	Flat
£5,500	03/25	0.11 mi	-	2	Flat
£2,500	03/25	0.11 mi	-	2	Flat
£3,466	08/24	0.12 mi	Blackfriars Road, London, SE1	2	Flat
£3,466	08/24	0.12 mi	-	2	Flat
£3,700	08/24	0.12 mi	Blackfriars Road, London	2	Flat
£3,466	08/24	0.12 mi	Blackfriars Road, South Bank, London, SE1 8HA	2	Flat
£3,750	12/24	0.12 mi	Blackfriars Road, South Bank, London, SE1 8HA	2	Flat
£3,650	12/24	0.12 mi	-	2	Flat
£3,750	12/24	0.12 mi	Blackfriars Road, London, SE1	2	Flat
£3,696	08/24	0.12 mi	Pocock Street, Pocock Street	2	Flat
£3,796	12/24	0.12 mi	Blackfriars Road, Borough	2	Flat
£3,700	08/24	0.12 mi	Globe View House, London, SE1	2	Flat
£3,700	08/24	0.12 mi	-	2	Flat
£3,799	03/25	0.12 mi	-	2	Flat
£2,250	08/24	0.13 mi	Greet Street, Southwark SE1	2	Flat
£2,817	12/24	0.13 mi	Windmill House, Windmill Walk, SE1	2	Flat
£3,402	12/24	0.13 mi	Globe View House, Southwark, London SE1	2	Flat
£3,358	12/24	0.13 mi	Globe View House, Blackfriars Road, SE1	2	Flat
£2,817	12/24	0.13 mi	Windmill House, Windmill Walk, London SE1	2	Flat
£1,998	08/24	0.14 mi	cooper close	2	Flat
£2,500	12/24	0.14 mi	Greet Street, Tait House Greet Street, SE1	2	Flat
£2,200	01/25	0.15 mi	-	2	Flat
£3,200	08/24	0.15 mi	-	2	Flat
£2,500	02/25	0.15 mi	-	2	Flat
£3,300	08/24	0.17 mi	Waterloo Road, London, SE1	2	Flat
£3,300	12/24	0.17 mi	Waterloo Road, Southwark, SE1	2	Flat
£3,000	08/24	0.17 mi	Nelson Square, Southwark, London, SE1	2	Flat
£3,696	08/24	0.18 mi	Elliston Apartments, 9 Glade Path, Southwark, London, SE1	2	Flat
£3,200	12/24	0.18 mi	Waterloo Road, London, SE1	2	Flat
£2,000	08/24	0.18 mi	Frazier Street, LONDON	2	Flat
£4,200	12/24	0.18 mi	Conquest Tower, Blackfriars, Road, SE1	2	Flat

Local Area Statistics

Population in SE1	66,77766,777
Population in London	4,771,9214,771,921
Town centre distance	1.81 miles away1.81 miles away
Nearest school	0.20 miles away0.20 miles away
Nearest train station	0.16 miles away0.16 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	-1%-1%
Sales demand	Buyer's marketBuyer's market
Capital growth (5yrs)	-20%-20%

Property History

Listed for £945,000

January 8, 2025

Floor Plans

Description

A fantastic opportunity to acquire a two-bedroom house with a private garden in need of full renovation and ideally located between Southwark and Waterloo on Ufford Street, a particular street that has proven very popular. This house benefits from a double height outrigger which is rare on Ufford Street. EPC Rating E.

The house will require extensive refurbishment throughout and is ideal for anyone looking to put their own stamp on a house in a fantastic area that has proven very popular. Enter the house and you will immediately find a sizeable sitting room to the front of the house offering pleasant views on to Ufford Street.

To the rear, sits an equally sizeable dining room with views on to the rear garden. The galley kitchen is located behind and benefits from direct access to the rear paved South-east facing garden. The kitchen also offers additional storage. The first floor is arranged to provide two double bedrooms divided by the staircase and ample loft storage above. There is potential to convert the loft to provide additional square footage as others have in recent years on the street STPP.

The family bathroom is located at the very rear of the second floor behind both bedrooms.

Freehold

PARKING
Residents parking permit available from the Lambeth Council.

LOCAL AUTHORITY
Lambeth Council
Council Tax Band E

UTILITIES
Electricity – mains connected
Gas – mains connected
Water – mains connected
Heating – gas central heating
Sewerage – mains connected
Broadband –Superfast fibre

Location:
You will find the house on Ufford Street, between Blackfriars and Waterloo Road. A beautiful, terraced residential street that sits behind the Cut in central Waterloo.

Directions:
Waterloo Station (National Rail, Northern, Bakerloo, Jubilee and Waterloo & City Lines) is approximately 0.4 miles away. Southwark Underground Station (Jubilee Line) is approximately 0.2 miles away. The area is also well served with frequent bus services.

Agent Details

Winkworth, Kennington Sales

020 3909 6728

Next Steps?

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

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2 Bed Terraced House, Refurb/BRRR, London, SE1 8QD, £945,000

ValuationOvervalued

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