3 Bed Terraced House, Refurb/BRRR, Wallington, SM6 8NY, £475,000

46 Gomshall Avenue, Wallington, SM6 8NY - 3 views - 3 months ago

Under Offer
Refurb/BRRR
ROI: 4%
84 m²
+5 photos

ValuationOvervalued

Sold Prices£355K - £765K
Sold Prices/m²£3.9K/m² - £8.3K/m²

 

 

Square Metres

84 m²
Price/m²£5.7K/m²

Value Estimate

£416,500

 

 

End Value (After Refurb)

£429,767

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£118,750

Stamp Duty & Legal Fees

£26,700

Refurb Costs

£44,439

Bridging Loan Interest

£12,469

Total Cash In

£204,107

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£429,767

Mortgage (After Refinance)

£322,326

Mortgage LTV

75%

Cash Left In

£204,107

Equity

£107,442

Rent Range

£1,750 - £4,250

Rent Estimate

£2,450

Running Costs/mo

£1,853

Cashflow/mo

£597

Cashflow/yr

£7,164

ROI

4%

Gross Yield

6%

Local Sold Prices

51 sold prices from £355K to £765K, average is £500K. £3.9K/m² to £8.3K/m², average is £5.3K/m².

PriceDateDistanceAddressBeds 
£455K02/210.03 mi2, Gomshall Avenue, Wallington, Greater London SM6 8NY3
£382K06/210.03 mi5, Gomshall Avenue, Wallington, Greater London SM6 8NY3
£575K01/230.03 mi16, Gomshall Avenue, Wallington, Greater London SM6 8NY3
£420K03/210.05 mi2, Hindhead Way, Wallington, Greater London SM6 8PD3
£440K02/210.06 mi23, Gomshall Avenue, Wallington, Greater London SM6 8NY3
£430K05/210.07 mi5, Amberwood Close, Wallington, Greater London SM6 8QH3
£532.3K07/230.07 mi10, Amberwood Close, Wallington, Greater London SM6 8QH3
£490K11/220.07 mi5, Banstead Way, Wallington, Greater London SM6 8NZ3
£765K12/220.11 mi5, Sandy Lane North, Wallington, Greater London SM6 8LJ3
£550K06/210.12 mi7, Garden Close, Wallington, Greater London SM6 8LW3
£525K12/200.12 mi16, Garden Close, Wallington, Greater London SM6 8LW3
£550K01/210.12 mi19, Garden Close, Wallington, Greater London SM6 8LW3
£355K09/210.12 mi23, Plough Lane Close, Wallington, Greater London SM6 8JN3
£488K03/210.13 mi7, Bristow Road, Croydon, Greater London CR0 4QQ3
£450K12/220.15 mi20, Guildford Way, Wallington, Greater London SM6 8NS3
£520K08/230.16 mi23, Guildford Way, Wallington, Greater London SM6 8NS3
£492.5K09/210.17 mi102, Plough Lane, Wallington, Greater London SM6 8JQ3
£585K06/210.17 mi17, Claydon Drive, Croydon, Greater London CR0 4QX3
£428K01/210.17 mi23, West Avenue, Wallington, Greater London SM6 8PH3
£450K04/230.18 mi37, Upper Road, Wallington, Greater London SM6 8JY3
£500K06/210.26 mi28, Collyer Avenue, Croydon, Greater London CR0 4QU3
£400K01/210.27 mi7, Beddington Grove, Wallington, Greater London SM6 8LB3
£500K07/230.27 mi15, Beddington Grove, Wallington, Greater London SM6 8LB3
£500K07/230.27 mi15, Beddington Grove, Wallington, Greater London SM6 8LB3
£495K02/210.27 mi114, Queenswood Avenue, Wallington, Greater London SM6 8HS3
£550K05/230.27 mi104, Queenswood Avenue, Wallington, Greater London SM6 8HS3
£485K05/210.27 mi57, Queenswood Avenue, Wallington, Greater London SM6 8HR3
£500K01/230.28 mi30, Godalming Avenue, Wallington, Greater London SM6 8NW3
£635K12/220.28 mi55, Queenswood Avenue, Wallington, Greater London SM6 8HR3
£521K02/210.28 mi141, Croydon Road, Beddington, Croydon, Greater London CR0 4QJ3
£530K05/210.28 mi137, Croydon Road, Beddington, Croydon, Greater London CR0 4QJ3
£537.5K12/200.28 mi59, Link Lane, Wallington, Greater London SM6 9DY3
£490K06/210.29 mi8, East Avenue, Wallington, Greater London SM6 8PL3
£555K11/200.29 mi8, Oakley Avenue, Beddington, Croydon, Greater London CR0 4QP3
£500K11/200.3 mi4, Goidel Close, Wallington, Greater London SM6 8HX3
£600K01/230.31 mi12, Oakley Avenue, Croydon, Greater London CR0 4QP3
£449K12/220.33 mi222, Croydon Road, Beddington, Croydon, Greater London CR0 4PH3
£512K12/220.34 mi57, Tharp Road, Wallington, Greater London SM6 8LG3
£420K05/210.34 mi4, Godalming Avenue, Wallington, Greater London SM6 8NH3
£475K03/210.35 mi21, Headley Avenue, Wallington, Greater London SM6 8NQ3
£442K11/200.35 mi10, Headley Avenue, Wallington, Greater London SM6 8NQ3
£510K07/230.35 mi17, Headley Avenue, Wallington, Greater London SM6 8NQ3
£407K11/210.35 mi94, Tharp Road, Wallington, Greater London SM6 8LE3
£432K06/210.35 mi96, Tharp Road, Wallington, Greater London SM6 8LE3
£550K02/230.36 mi4, Headley Avenue, Wallington, Greater London SM6 8NQ3
£574K03/210.37 mi2, Royston Avenue, Wallington, Greater London SM6 8HY3
£585K05/230.37 mi94, Croydon Road, Beddington, Croydon, Greater London CR0 4PE3
£500K10/200.37 mi24, Queen Elizabeths Walk, Wallington, Greater London SM6 8JF3
£503.8K06/210.37 mi58, Queen Elizabeths Walk, Wallington, Greater London SM6 8JF3
£620K12/220.37 mi30, Queen Elizabeths Walk, Wallington, Greater London SM6 8JF3
£430K11/200.38 mi53, Mellows Road, Wallington, Greater London SM6 8PS3

Local Rents

30 rents from £1.8K/mo to £4.3K/mo, average is £2.3K/mo.

RentDateDistanceAddressBeds 
£2,80003/250.02 mi-3
£2,30001/250.04 mi-3
£2,15008/240.19 miGodalming Avenue, WALLINGTON3
£2,25008/240.22 mi-3
£2,25008/240.22 mi-3
£2,10003/250.29 mi-3
£2,25009/240.35 miTharp Road Wallington SM63
£2,25009/240.35 miTharp Road Wallington SM63
£2,20008/240.37 miRoyston Avenue, WALLINGTON3
£1,75011/240.42 mi-3
£4,25001/250.45 mi-3
£4,25002/250.45 mi-3
£3,90003/250.45 mi-3
£2,40004/250.45 mi-3
£2,15012/240.46 miBridle Path, Beddington, Croydon, CR03
£2,40003/250.47 mi-3
£2,10004/250.47 mi-3
£1,95012/240.5 miCroydon, Surrey, CR03
£1,90012/240.5 miCroydon, Surrey, CR03
£2,00003/250.51 mi-3
£1,95004/250.53 mi-3
£3,05009/240.54 miGuy Road, Wallington, SM63
£2,50004/250.55 mi-3
£2,35009/240.56 mi-3
£2,30012/240.57 mi-3
£2,50009/240.57 mi-3
£2,50002/250.57 mi-3
£2,59912/240.58 mi-3
£2,59912/240.58 miThe Ridgeway, Croydon, CR03
£2,10009/240.61 mi-3

Local Area Statistics

Population in SM6

36,166

Town centre distance

0.41 miles away

Nearest school

0.10 miles away

Nearest train station

0.64 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+30%

Sales demand

Seller's market

Capital growth (5yrs)

+19%

Property History

Listed for £475,000

January 10, 2025

Floor Plans

Description

NO ONWARD CHAIN! A great opportunity to own this spacious three bedroom terraced family home, situated on the popular Chase estate and close to excellent schools., transport links, local shops and amenities.

The property does require some modernisation but offers great scope to extend into the loft space, subject to relevant planning being granted. The property benefits from an open plan kitchen diner, gas central heating, off street parking and two WC's.

Accommodation - UPVC double glazed entrance porch, tiled step, obscure double glazed front door to

Entrance Hall
Wood flooring, single panel radiator, under stairs storage cupboard.

Lounge
UPVC double glazed bay window to front aspect, double panel radiator, coved ceiling, wood flooring, open fireplace.

Kitchen/Diner
Range of fitted wall units with matching cupboards below, rolltop worksurfaces, stainless steel sink and chrome mixer tap, space for gas cooker with extractor fan above, space and plumbing for washing machine, space for American style fridge freezer, part tiled flooring, wall mounted boiler, UPVC double glazed window to rear aspect and patio doors to garden, double panel radiator.

Stairs to 1st floor landing
Wood flooring, staircase to loft space.

Bedroom One
UPVC double glazed window to front aspect, double panel radiator, wood flooring.

Bedroom Two
UPVC double glazed window to rear aspect, single panel radiator, wood flooring.

Bedroom Three
UPVC double glazed window to front aspect, double panel radiator, wood flooring.

Bathroom
Three-piece suite comprising of panel enclosed bath with chrome mixer tap and thermostatic shower, wash hand basin with chrome mixer tap, low-level pushbutton flush WC, obscure UPVC double glazed window to rear aspect.

Separate WC
Consisting of low-level pushbutton flush WC and obscure window to rear.

Rear Garden
Large paved patio area with shrubs outside and access to garage, rear access, fence enclosed.

Detached Garage

ROOM MEASUREMENTS
(maximum measurements)

Lounge 15'04 x 11'06
Kitchen/Diner 17'07 x 12'10
Bedroom One 13'0 x 10'03
Bedroom Two 12'11 x 9'8
Bedroom Three 7'08 x 7'02
Bathroom 9'04 x 4'07

Agent Details

Cromwells Estate Agents, Wallington

020 8647 4422

Next Steps?

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