2 Bed Flat, Refurb/BRRR, London, SE1 8NA, £520,000

Greet Street, London, SE1 8NA - 11 views - 3 months ago

Leasehold
Refurb/BRRR
ROI: 2%
~68 m²
+8 photos

ValuationOvervalued

Sold Prices£275.5K - £950K
Sold Prices/m²£5.9K/m² - £12.9K/m²

 

 

Square Metres

~68.11 m²
Price/m²£7.6K/m²

Value Estimate

£460,048

 

 

End Value (After Refurb)

£708,404

Uplift in Value

+36%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£130,000

Stamp Duty & Legal Fees

£30,300

Refurb Costs

£36,000

Bridging Loan Interest

£13,650

Total Cash In

£211,700

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Estimated Sale Price

£708,404

Agent Fees (1%)

£7,084

Bridging Loan

£390,000

Bridging Loan Interest

£13,650

Flip Profit

£99,620

Local Sold Prices

40 sold prices from £275.5K to £950K, average is £485K. £5.9K/m² to £12.9K/m², average is £7.2K/m².

PriceDateDistanceAddressBeds 
£518.5K09/210 miFlat 6, Tait House, Greet Street, London, Greater London SE1 8NA2
£600K02/230.2 mi105a, Stamford Street, London, Greater London SE1 9NN2
£570K02/210.27 miFlat 19, Mawdley House, Webber Row, London, Greater London SE1 8XQ2
£408.5K11/230.34 miFlat 18, Jurston Court, Gerridge Street, London, Greater London SE1 7QH2
£490K05/230.35 miFlat 11, Munro House, Murphy Street, London, Greater London SE1 7AJ2
£512.5K03/230.36 miFlat 15, Amigo House, Morley Street, London, Greater London SE1 7QE2
£765.5K05/230.38 miFlat 22, Falcon Point, Hopton Street, London, Greater London SE1 9JW2
£580K03/210.47 miApartment 208, East Block, Forum Magnum Square, London, Greater London SE1 7GN2
£650K11/200.47 miFlat 36, Sumner Buildings, Sumner Street, London, Greater London SE1 9JX2
£450K01/210.51 miFlat 20, St. Georges Court, Garden Row, London, Greater London SE1 6HD2
£698K02/230.52 mi24, Isaac Way, London, Greater London SE1 1EE2
£632.5K09/210.56 miFlat B, 12, Gaywood Street, London, Greater London SE1 6HG2
£340K07/230.61 miFlat 32, Telford House, Tiverton Street, London, Greater London SE1 6NY2
£361K10/230.64 miFlat 40, Stephenson House, Bath Terrace, London, Greater London SE1 6PR2
£427K02/210.65 miFlat 141, Wedgwood House, Lambeth Walk, London, Greater London SE11 6LP2
£415K05/210.69 miFlat 13, Banks House, Rockingham Street, London, Greater London SE1 6QQ2
£584.5K12/200.69 miFlat 92, Ratcliffe Court, Great Dover Street, London, Greater London SE1 4LD2
£775K11/210.71 miFlat 9, Victor Wharf, Clink Street, London, Greater London SE1 9DW2
£577K08/230.72 mi165b, Brook Drive, London, Greater London SE11 4TG2
£930K07/230.76 miFlat 148, Clifford's Inn, Fetter Lane, London, Greater London EC4A 1BY2
£450K12/200.78 mi5, Dante Road, London, Greater London SE11 4RB2
£535K06/210.79 miFlat 26, Kenneth Court, Kennington Road, London, Greater London SE11 6SS2
£355K11/200.79 miFlat 82, Whitworth House, Falmouth Road, London, Greater London SE1 6RN2
£950K01/220.8 miFlat 8, Amen Lodge, Warwick Lane, London, Greater London EC4M 7BY2
£475K01/210.8 miFlat 10, Harbledown House, Manciple Street, London, Greater London SE1 4LN2
£930K01/220.83 mi44b, Bedford Street, London, Greater London WC2E 9HA2
£542.8K05/230.85 miFlat 39, Vanbrugh Court, Wincott Street, London, Greater London SE11 4NS2
£362K02/230.85 miFlat 41, Bramwell House, Harper Road, London, Greater London SE1 6RL2
£375K11/200.86 mi23, Winchester Close, London, Greater London SE17 3DQ2
£480K06/210.86 miFlat 11, Rochester House, Manciple Street, London, Greater London SE1 4LP2
£460K01/230.86 miFlat 26, Gabriel House, Old Paradise Street, London, Greater London SE11 6AL2
£414.5K02/210.88 mi47, Winchester Close, London, Greater London SE17 3DQ2
£390K01/210.88 mi77, Winchester Close, London, Greater London SE17 3DQ2
£407K10/230.91 miFlat 7, Tabard House, Manciple Street, London, Greater London SE1 4DL2
£395K05/210.92 mi34, Marlborough Close, London, Greater London SE17 3AP2
£650K06/210.93 miFlat 9, Beaumont Buildings, Martlett Court, London, Greater London WC2B 5SF2
£311.5K09/230.94 miFlat 56, Fairford House, Kennington Lane, London, Greater London SE11 4HR2
£275.5K04/210.94 miFlat 80, Ward Point, Hotspur Street, London, Greater London SE11 6UE2
£675K07/230.98 mi115a, Kennington Lane, London, Greater London SE11 4HQ2
£420K10/211 miFlat 54, Pilgrim House, Tabard Street, London, Greater London SE1 4UP2

Local Rents

50 rents from £2.3K/mo to £5.5K/mo, average is £3.3K/mo.

RentDateDistanceAddressBeds 
£2,50012/240.01 miGreet Street, Tait House Greet Street, SE12
£2,25008/240.04 miGreet Street, Southwark SE12
£2,81712/240.04 miWindmill House, Windmill Walk, SE12
£2,81712/240.05 miWindmill House, Windmill Walk, London SE12
£3,69608/240.05 miElliston Apartments, 9 Glade Path, Southwark, London, SE12
£2,80008/240.06 miThe Cut, London, SE12
£3,03012/240.09 mi-2
£2,42008/240.09 miMitre Road, Southwark London SE12
£3,46608/240.1 miBlackfriars Road, London, SE12
£3,46608/240.1 mi-2
£3,70008/240.1 miBlackfriars Road, London2
£3,46608/240.1 miBlackfriars Road, South Bank, London, SE1 8HA2
£3,75012/240.11 miBlackfriars Road, South Bank, London, SE1 8HA2
£2,26012/240.11 mi-2
£3,60008/240.12 mi-2
£3,30002/250.12 mi-2
£3,30003/250.12 mi-2
£2,48008/240.12 miMitre Road, London, SE12
£2,50008/240.12 miMitre Road, Southwark London SE12
£2,65012/240.12 miMitre Road, Southwark London SE12
£3,00012/240.12 mi-2
£5,00012/240.12 mi-2
£5,50003/250.12 mi-2
£2,60008/240.12 miUfford Street, Southwark London SE12
£4,31112/240.13 miUfford Street, London, SE12
£3,50008/240.13 miBoulevard Apartments, Ufford Street, London, SE12
£5,39008/240.13 miUfford Street, London, SE1 8FF, UK2
£2,48008/240.14 miMITRE ROAD, Southwark, London, SE12
£3,65012/240.17 mi-2
£3,75012/240.17 miBlackfriars Road, London, SE12
£2,44008/240.17 mi-2
£3,69608/240.18 miPocock Street, Pocock Street2
£3,79612/240.18 miBlackfriars Road, Borough2
£3,70008/240.18 miGlobe View House, London, SE12
£3,70008/240.18 mi-2
£3,79903/250.18 mi-2
£3,03308/240.19 miWebber Street, London2
£3,40212/240.19 miGlobe View House, Southwark, London SE12
£3,35812/240.19 miGlobe View House, Blackfriars Road, SE12
£2,25011/230.2 miBridgehouse Court, Blackfriars Road, London, SE12
£2,50003/250.2 mi-2
£2,70812/240.2 miStamford Street, London SE12
£3,85012/240.2 miStamford Street, London, SE12
£3,20008/240.2 mi-2
£3,00008/240.21 miNelson Square, Southwark, London, SE12
£2,75008/240.21 mi-2
£2,99508/240.21 mi-2
£3,15008/240.21 mi-2
£3,30008/240.21 mi-2
£3,25012/240.21 mi-2

Local Area Statistics

Population in SE1

66,777

Population in London

4,771,921

Town centre distance

1.68 miles away

Nearest school

0.20 miles away

Nearest train station

0.09 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-1%

Sales demand

Buyer's market

Capital growth (5yrs)

-20%

Property History

Listed for £520,000

January 10, 2025

Floor Plans

Description

  • Two double bedrooms +
  • Top floor +
  • Private balcony +
  • Lots of natural light +
  • Chain free +
  • Long lease +
  • Waterloo +
  • Local amenities +
  • Excellent transport +
  • Renovation project +

A spacious two bedroom apartment on the top floor of this excellently located block. In excellent condition throughout, this bright apartment is completely move in ready, ideal for first time buyer/ as a pied-a-terre, or as an investment. There are two double bedrooms large reception and balcony, a well-sized modern kitchen and bathroom.
Centrally located, within walking distance of Thames River Walk, IMAX, The Cut, The Old Vic Theatre. You can easily walk into the City of London and Covent Garden. Long lease 150 years - zero ground rent

Agent Details

Urban Village, London

020 3908 5080

Next Steps?

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