5 Bed Detached House, Refurb/BRRR, London, SE23 3QR, £1,350,000

Forest Hill Road, London, SE23 3QR - 3 months ago

Refurb/BRRR
~253 m²
+12 photos

ValuationFair Value

Sold Prices£667.3K - £2.4M
Sold Prices/m²£5.3K/m² - £11.3K/m²

 

 

Square Metres

~252.70 m²
Price/m²£5.3K/m²

Value Estimate

£1,377,000

 

 

End Value (After Refurb)

£1,701,428

Uplift in Value

+26%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£337,500

Stamp Duty & Legal Fees

£147,450

Refurb Costs

£133,686

Bridging Loan Interest

£35,438

Total Cash In

£655,824

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Estimated Sale Price

£1,701,428

Agent Fees (1%)

£17,014

Bridging Loan

£1,012,500

Bridging Loan Interest

£35,438

Flip Profit

£16,090

Local Sold Prices

50 sold prices from £667.3K to £2.4M, average is £1.2M. £5.3K/m² to £11.3K/m², average is £7.1K/m².

PriceDateDistanceAddressBeds 
£1.5M08/230.09 mi39, Canonbie Road, London, Greater London SE23 3AW5
£1.4M01/210.11 mi20, Canonbie Road, London, Greater London SE23 3AP5
£1.6M08/210.17 mi14, Marmora Road, London, Greater London SE22 0RX5
£900K07/230.18 mi97, Canonbie Road, London, Greater London SE23 3AQ5
£2.2M11/220.2 mi37, Therapia Road, London, Greater London SE22 0SF5
£1.3M12/200.21 mi54, Dunoon Road, London, Greater London SE23 3TF5
£1.1M12/200.21 mi5, Dunoon Road, London, Greater London SE23 3TD5
£1.1M09/210.22 mi27, Ringmore Rise, London, Greater London SE23 3DF5
£2.1M01/230.24 mi60, Marmora Road, London, Greater London SE22 0RY5
£736K04/210.26 mi129, Westwood Park, London, Greater London SE23 3QL5
£1.5M11/220.27 mi21, Tyson Road, London, Greater London SE23 3AA5
£1.2M04/210.28 mi16, Boveney Road, London, Greater London SE23 3NN5
£1.3M07/220.28 mi12, Liphook Crescent, London, Greater London SE23 3BW5
£1.4M04/230.3 mi191, Devonshire Road, London, Greater London SE23 3NJ5
£1.3M01/230.31 mi41, Ringmore Rise, London, Greater London SE23 3DE5
£1.2M03/210.32 miAlexander House, Horniman Drive, London, Greater London SE23 3BJ5
£935K10/200.33 mi128, Westwood Park, London, Greater London SE23 3QH5
£1.2M08/230.34 mi22, Ringmore Rise, London, Greater London SE23 3DE5
£2.0M10/220.34 mi113, Wood Vale, London, Greater London SE23 3DT5
£1.3M01/210.38 mi17, Benson Road, London, Greater London SE23 3RL5
£935K12/200.39 mi6, Ewelme Road, London, Greater London SE23 3BH5
£1.2M10/220.4 mi21, Hillcourt Road, East Dulwich, London, Greater London SE22 0PF5
£1.3M05/230.4 mi28, Overhill Road, London, Greater London SE22 0PH5
£1.1M08/210.41 mi4, Balchier Road, London, Greater London SE22 0QN5
£1.2M11/210.41 mi47, Hillcourt Road, London, Greater London SE22 0PF5
£1.2M12/220.42 mi43, Hillcourt Road, London, Greater London SE22 0PF5
£1.0M01/210.42 mi70, Dunstans Road, London, Greater London SE22 0HG5
£1.5M02/210.44 mi57, Overhill Road, London, Greater London SE22 0PQ5
£1.1M12/200.44 mi23, Overhill Road, London, Greater London SE22 0PQ5
£1.4M03/210.44 mi51, Overhill Road, London, Greater London SE22 0PQ5
£860K02/210.45 mi139, Grierson Road, London, Greater London SE23 1NT5
£1.4M04/210.45 mi20a, Westwood Park, London, Greater London SE23 3QF5
£1.3M05/210.46 mi99, Underhill Road, London, Greater London SE22 0QR5
£1.5M08/220.46 mi45, Westwood Park, Forest Hill, London, Greater London SE23 3QG5
£667.3K12/200.46 mi71, Beadnell Road, London, Greater London SE23 1AA5
£1.3M06/210.47 mi6, St Aidans Road, London, Greater London SE22 0RP5
£1.1M07/230.47 mi26, Woodcombe Crescent, London, Greater London SE23 3BG5
£1.8M01/210.48 mi85, Devonshire Road, London, Greater London SE23 3LX5
£1.1M09/210.49 mi131, Athenlay Road, London, Greater London SE15 3EJ5
£2.4M10/220.51 mi44, Underhill Road, London, Greater London SE22 0QT5
£1.0M11/200.51 mi66, Underhill Road, London, Greater London SE22 0QT5
£1.2M12/220.51 mi31, Ackroyd Road, London, Greater London SE23 1DN5
£1.2M01/230.53 mi17, Rosenthorpe Road, London, Greater London SE15 3EG5
£1.1M02/230.53 mi14, Rosenthorpe Road, London, Greater London SE15 3EG5
£820K03/230.53 mi25, Rosenthorpe Road, London, Greater London SE15 3EG5
£850K04/210.53 mi28, Stanstead Road, Forest Hill, London, Greater London SE23 1BW5
£1.1M11/200.54 mi225, Upland Road, London, Greater London SE22 0DJ5
£1.0M05/210.54 mi163, Upland Road, London, Greater London SE22 0DF5
£1.1M06/210.54 mi125, Upland Road, London, Greater London SE22 0DF5
£1.3M04/210.54 mi14, Manor Mount, London, Greater London SE23 3PZ5

Local Rents

51 rents from £1.9K/mo to £7.5K/mo, average is £3K/mo.

RentDateDistanceAddressBeds 
£2,75008/240.05 miCoach House, 2A Honor Oak Rise, London, SE234
£2,90009/240.09 miBuckstone Close, Forest Hill SE234
£2,30008/240.11 miCanonbie Road, Forest Hill, London, SE233
£7,50008/240.17 miMarmora Road, East Dulwich, London, SE224
£3,40010/240.17 mi-4
£3,40008/240.17 miMontgomerie Mews, London, SE234
£7,50008/240.18 miMarmora Road, East Dulwich5
£2,10003/250.26 mi-3
£1,95004/250.28 mi-3
£2,75008/240.29 miHorniman Drive, London, SE233
£4,25008/240.3 miMundania Road, London, SE224
£4,25009/240.3 mi-4
£3,00008/240.3 miTalmage Close, Forest Hill4
£3,00008/240.32 miHorniman Drive London SE234
£4,50010/240.34 mi-3
£4,50003/250.34 mi-3
£4,25008/240.34 miDovedale Road, East Dulwich4
£4,25008/240.34 miDovedale Road, East Dulwich, London, SE224
£2,90008/240.35 miRyedale, East Dulwich, London, SE223
£2,38308/240.35 miWood Vale, East Dulwich, SE233
£2,65010/240.36 mi-3
£4,00008/240.38 miBenson Road 5
£3,70002/250.41 mi-4
£4,50008/240.41 miUnderhill Road, London5
£2,40008/240.41 miWestwood Park London SE234
£3,00008/240.41 miGarthorne Road, Forest Hill3
£3,00008/240.41 miGarthorne Road, London, SE233
£2,70004/250.44 mi-3
£4,25008/240.44 miOverhill Road, East Dulwich, London, SE224
£4,00008/240.44 miUnderhill Road London SE224
£4,50008/240.44 miUnderhill Road London SE224
£4,00008/240.44 miUnderhill Road, East Dulwich, East Dulwich, London, SE224
£4,50008/240.44 miUnderhill Road, East Dulwich, East Dulwich, London, SE224
£2,85008/240.44 miGrierson Road, Honor Oak3
£2,45008/240.45 miHonor Oak Park, Forest Hill3
£4,50008/240.46 miUnderhill Road , London5
£2,57508/240.46 mi33-39 Beadnell Road London SE233
£3,05008/240.46 miBeadnell Road London SE233
£4,50008/240.46 miUnderhill Road, East Dulwich4
£2,99501/250.47 mi-3
£3,60008/240.47 miForest Hill Road, London, SE224
£3,50003/250.47 mi-4
£2,50008/240.47 miEwart Road, Forest Hill, London, SE234
£2,75008/240.47 miWestwood Park, Honor Oak4
£2,35002/240.48 mi-3
£2,35002/240.48 mi-3
£3,00008/240.48 miGoodrich Road London SE224
£3,40008/240.48 miSt. Aidans Road, London, SE22 0RN4
£2,70003/250.49 mi-3
£2,75008/240.49 miBallina Street, Forest Hill3
£2,40008/240.5 miOverhill Road, SE22, Dulwich, London, SE223

Local Area Statistics

Population in SE23

33,682

Population in London

4,771,921

Town centre distance

5.86 miles away

Nearest school

0.20 miles away

Nearest train station

0.43 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+13%

Sales demand

Balanced market

Capital growth (5yrs)

+4%

Property History

Price changed to £1,350,000

March 28, 2025

Listed for £1,400,000

January 10, 2025

Floor Plans

Description

  • Detached House +
  • Freehold +
  • Five Bedrooms +
  • Two Reception Rooms +
  • Bathroom WC +
  • Kitchen +
  • Great Location +
  • Lots Of Potential +
  • No Chain +

Guide Price: £1,350,000 - £1,400,000

An incredible detached five bedroom house for sale situated in a prime location and is offered to the market chain free.

This family home was built circa 1850 and is set over 2720 sq ft comprising five bedrooms, two reception rooms, two bathroom, spacious kitchen and a 120ft private rear garden set over two levels with two patios with access via the rear reception room. The property is in need of modernisation and benefits from an abundance of light and many period features including high ceilings, wood flooring, decorative cornicing, original fireplaces, beautiful large windows and so much more.

The property is close to Honor Oak Park Station offering excellent transport links into London Bridge, Victoria, Canada Water, Canary Wharf, Shoreditch, Whitechapel, Highbury & Islington and many other locations across the whole of London. It is also very well located for access to various local amenities including a variety of schools, parks, restaurants, supermarkets, coffee shops, cafes and gastro pubs. One Tree Hill Park is just seconds away and another huge attraction of this property.

Viewings are highly recommended but strictly by appointment only.

Agent Details

Leaders Sales, Beckenham

020 3834 8378

Next Steps?

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