3 Bed Flat, Cash/Bridging Only, London, SE18 3SP, £230,000

Ordnance Road, London, SE18 3SP - 9 views - 4 months ago

Leasehold
Cash
ROI: 4%
~93 m²
+9 photos

ValuationFair Value

Sold Prices£190K - £975K
Sold Prices/m²£3.2K/m² - £10.3K/m²

 

 

Square Metres

~93 m²
Price/m²£2.5K/m²

Value Estimate

£230,000

 

 

End Value (After Refurb)

£477,975

Uplift in Value

+108%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£57,500

Stamp Duty & Legal Fees

£8,100

Refurb Costs

£49,214

Bridging Loan Interest

£6,038

Total Cash In

£122,601

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Estimated Sale Price

£477,975

Agent Fees (1%)

£4,780

Bridging Loan

£172,500

Bridging Loan Interest

£6,038

Flip Profit

£178,095

Local Sold Prices

37 sold prices from £190K to £975K, average is £415K. £3.2K/m² to £10.3K/m², average is £5.3K/m².

PriceDateDistanceAddressBeds 
£190K10/230.41 miFlat 27, Rixon House, Barnfield Road, London, Greater London SE18 3TX3
£240K05/230.5 miFlat 2, Macallister House, Wrottesley Road, London, Greater London SE18 3UB3
£390K06/210.7 miFlat 14, Hurricane House, Gunyard Mews, London, Greater London SE18 4GE3
£280K11/210.79 miFlat 16b, Biddulph House, Rideout Street, London, Greater London SE18 5EU3
£276.5K01/211.04 mi60, Jessup Close, London, Greater London SE18 7HB3
£540K03/231.14 mi26, The Heights, London, Greater London SE7 8JH3
£450K06/231.16 miFlat 172, Building 22, Cadogan Road, London, Greater London SE18 6YN3
£510K01/231.23 mi142, Grangehill Road, London, Greater London SE9 1SG3
£280K05/231.25 miFlat 40, Gooding House, Valley Grove, London, Greater London SE7 8AT3
£294K12/221.26 mi12, Elm Tree Court, London, Greater London SE7 7DP3
£595.4K04/231.26 miFlat 27, Building 47, Marlborough Road, London, Greater London SE18 6RU3
£620K11/201.26 miFlat 19, Building 47, Marlborough Road, London, Greater London SE18 6RU3
£615K05/231.26 miFlat 34, Building 47, Marlborough Road, London, Greater London SE18 6RU3
£300K03/231.29 miFlat 17, Mascalls Court, Victoria Way, Charlton, London, Greater London SE7 7TX3
£450K08/231.29 mi149d, Victoria Way, Charlton, London, Greater London SE7 7NX3
£300K11/221.3 mi3, Cherry Tree Court, London, Greater London SE7 7DX3
£600K01/231.3 miFlat 19, Building 49, Argyll Road, London, Greater London SE18 6XB3
£218K12/201.44 mi133a, Swingate Lane, London, Greater London SE18 2BZ3
£486K11/201.46 mi3, The Birches, London, Greater London SE7 7PB3
£475K09/231.47 mi75, Inverine Road, London, Greater London SE7 7NJ3
£350K03/211.56 mi11, Atlas Gardens, London, Greater London SE7 7TB3
£425K02/211.67 mi35a, Dupree Road, London, Greater London SE7 7RR3
£430K09/211.67 mi31a, Dupree Road, London, Greater London SE7 7RR3
£282.5K10/201.69 mi14, Bellegrove Close, Welling, Greater London DA16 3RG3
£583K06/231.75 miFlat C, 23, Charlton Road, London, Greater London SE3 7EU3
£390K12/201.89 mi7a, Station Crescent, London, Greater London SE3 7EQ3
£275K05/231.9 mi16, Gatling Road, London, Greater London SE2 0RF3
£236K04/211.9 mi16a, Gatling Road, London, Greater London SE2 0RF3
£650K04/231.9 mi203, Barrier Point Road, London, Greater London E16 2SF3
£415K05/211.9 mi3, Ormiston Road, London, Greater London SE10 0LJ3
£325K01/231.91 mi202, Bexley Road, Eltham, London, Greater London SE9 2PH3
£420K08/231.94 mi56, Beaconsfield Close, London, Greater London SE3 7LH3
£770K03/211.95 mi154, Barrier Point Road, London, Greater London E16 2SE3
£975K05/211.96 mi20a, Morden Road, London, Greater London SE3 0AA3
£357K06/231.98 mi92, Oakways, Eltham, London, Greater London SE9 2NZ3
£750K02/242 mi53b, Coleraine Road, London, Greater London SE3 7PF3
£210K08/212 mi22, Woodington Close, London, Greater London SE9 5BJ3

Local Rents

34 rents from £1.7K/mo to £3K/mo, average is £2.2K/mo.

RentDateDistanceAddressBeds 
£2,50011/240.2 mi-3
£3,00008/240.2 miWellesley Road, London, SE183
£3,00008/240.21 miWellesley Road London SE183
£3,00008/240.21 miWellesley Road The Academy SE183
£2,90008/240.22 miWellesley Road, Woolwich, SE183
£2,50008/240.24 miNightingale Vale, London3
£2,80008/240.26 miLanghorne Street, London, SE183
£2,80008/240.27 miLanghorne Street, The Royal Military Acadamy, Woolwich, London, SE18 4BJ3
£2,20008/240.29 miANKERDINE CRESCENT, Woolwich, London, SE183
£2,20008/240.29 miCantwell Road, London, SE183
£2,10003/250.3 mi-3
£2,00004/250.3 mi-3
£2,10008/240.35 miMoordown, Shooters Hill, London, SE18 3LY3
£2,75008/240.41 miBrookhill Road, Woolwich, London, SE183
£2,15008/240.41 miCondover Crescent, London, SE183
£2,75008/240.42 miBrookhill Road, Woolwich, SE183
£1,70004/250.42 mi-3
£2,60008/240.43 miBrookhill Road, Woolwich, SE183
£2,60008/240.43 miBrookhill Road, Woolwich, London SE183
£1,90004/250.44 mi-3
£1,90008/240.46 mi-3
£1,90008/240.46 mi-3
£1,90008/240.46 mi-3
£1,90008/240.46 miDonaldson Road, London, SE183
£2,20008/240.46 miDallin Road, Shooters Hill, London SE18 3NY3
£2,50008/240.53 miThe Fire Chief Cottage, London SE183
£2,50003/250.53 miThe Fire Chief Cottage, London SE183
£2,00009/240.53 miWrottesley Road, London, SE183
£1,80009/240.53 mi-3
£2,00008/240.53 miAnkerdine Crescent, London, SE183
£1,90008/240.55 miMoordown, Shooter`s Hill, SE18 3NF3
£2,60008/240.6 miPark Drive, Charlton3
£1,99008/240.61 miShrewsbury Lane, London3
£2,00008/240.62 miShrewsbury Lane, Woolwich3

Local Area Statistics

Population in SE18

75,840

Population in London

4,771,921

Town centre distance

7.93 miles away

Nearest school

0.20 miles away

Nearest train station

0.88 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-8%

Sales demand

Balanced market

Capital growth (5yrs)

+6%

Property History

Listed for £230,000

January 9, 2025

Description

  • Cash Buyers Only +
  • 3 Double Bedrooms +
  • Kitchen/diner +
  • Study +
  • Council Tax Band: C +
  • 89 Years left on the lease +

ENTRANCE HALL Door to side. Entry phone.  

LOUNGE 15' 11" x 11' 3" (4.85m x 3.43m) Crittall window to front. Radiator. Carpet. Coving.  

KITCHEN/DINER 14' 7" max x 12' 8" max (4.44m x 3.86m) 2 Crittall windows to rear. Radiator. Wall and base units with work surface over. Gas hob. Tiled floor. 

BEDROOM 11' 3" to wardrobe x 10' 7" (3.43m x 3.23m) Crittall window side. Carpet. Built in wardrobe.  

BEDROOM 9' 5" to wardrobe x 9' 4" (2.87m x 2.84m) Crittall window to rear. Radiator. Carpet. Build in wardrobe. Airing cupboard.  

BEDROOM 10' 5" x 9' 6" to wardrobe (3.18m x 2.9m) Crittall window to rear. Built in wardrobe. Carpet.  

STUDY 5' 11" x 5' 9" (1.8m x 1.75m) Crittall window to front. Carpet. 

BATHROOM Obscure crittall window to rear. Towel radiator.  

SEPARATE W.C. Obscure crittall window to rear. Vinyl floor covering. Low level flush W.C. 

GARDEN Communal gardens. 

PARKING Communal car park.

Agent Details

Goodwin Ellis Property Services Ltd, London

020 8855 5588

Next Steps?

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