4 Bed Terraced House, Refurb/BRRR, London, SE23 3QY, £975,000

Honor Oak Rise , SE23 3QY - 4 views - 3 months ago

Under Offer
Refurb/BRRR
Planning
~129 m²
+4 photos

ValuationOvervalued

Sold Prices£635K - £1.6M
Sold Prices/m²£3.8K/m² - £13.1K/m²

 

 

Square Metres

~129.26 m²
Price/m²£7.5K/m²

Value Estimate

£923,266

 

 

End Value (After Refurb)

£864,369

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£243,750

Stamp Duty & Legal Fees

£65,950

Refurb Costs

£68,381

Bridging Loan Interest

£25,594

Total Cash In

£405,425

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£864,369

Mortgage (After Refinance)

£648,277

Mortgage LTV

75%

Cash Left In

£405,425

Equity

£216,092

Rent Range

£1,950 - £7,500

Rent Estimate

£3,545

Running Costs/mo

£3,430

Cashflow/mo

£115

Cashflow/yr

£1,378

ROI

0%

Gross Yield

4%

Local Sold Prices

50 sold prices from £635K to £1.6M, average is £986.5K. £3.8K/m² to £13.1K/m², average is £7.6K/m².

PriceDateDistanceAddressBeds 
£1.6M11/200 mi14, Honor Oak Rise, London, Greater London SE23 3QY4
£1.2M01/210.12 mi13, Netherby Road, London, Greater London SE23 3AL4
£683K05/210.19 mi8, Haredon Close, London, Greater London SE23 3TG4
£802K07/230.19 mi1, Haredon Close, London, Greater London SE23 3TG4
£707.5K02/210.2 mi48a, Dunoon Road, London, Greater London SE23 3TF4
£635K01/210.2 mi36, Dunoon Road, London, Greater London SE23 3TF4
£765K03/210.2 mi52, Dunoon Road, London, Greater London SE23 3TF4
£1.1M04/210.22 mi18, Honor Oak Road, London, Greater London SE23 3SB4
£1.1M03/210.22 mi59, Canonbie Road, London, Greater London SE23 3AQ4
£1.0M11/200.23 mi65, Canonbie Road, London, Greater London SE23 3AQ4
£825K01/210.23 mi75, Boveney Road, London, Greater London SE23 3NL4
£977.5K01/230.24 mi72, Canonbie Road, London, Greater London SE23 3AG4
£1.1M06/210.24 mi4, Fairlie Gardens, London, Greater London SE23 3TE4
£975K09/220.26 mi44, Boveney Road, London, Greater London SE23 3NN4
£805K05/210.28 mi137, Westwood Park, London, Greater London SE23 3QL4
£1.3M08/210.28 mi11, Liphook Crescent, London, Greater London SE23 3BN4
£1.3M06/230.29 mi57, Mundania Road, London, Greater London SE22 0NW4
£960K04/210.31 mi124, Wood Vale, London, Greater London SE23 3EB4
£645K04/210.31 mi148b, Wood Vale, London, Greater London SE23 3EB4
£1.1M09/210.31 mi186, Devonshire Road, London, Greater London SE23 3TB4
£1.1M12/200.32 mi306, Devonshire Road, London, Greater London SE23 3TH4
£1.4M08/230.33 mi34, Liphook Crescent, London, Greater London SE23 3BW4
£900K05/230.33 mi6, Liphook Crescent, London, Greater London SE23 3BW4
£915K11/200.33 mi314, Devonshire Road, London, Greater London SE23 3TH4
£1.4M06/210.34 mi32, Shelbury Road, London, Greater London SE22 0NL4
£1.3M11/200.34 mi17, Shelbury Road, London, Greater London SE22 0NL4
£1.1M03/230.34 mi24, Scutari Road, London, Greater London SE22 0NN4
£1.2M03/210.34 mi30, Shelbury Road, London, Greater London SE22 0NL4
£934K01/230.36 mi39, Tewkesbury Avenue, London, Greater London SE23 3DG4
£970K02/210.37 mi18, Ryedale, London, Greater London SE22 0QW4
£985K08/220.38 mi34, Benson Road, London, Greater London SE23 3RJ4
£975K12/200.38 mi26, Ringmore Rise, London, Greater London SE23 3DE4
£1.1M11/220.38 mi45, Ringmore Rise, London, Greater London SE23 3DE4
£830K12/200.39 mi60, Westwood Park, London, Greater London SE23 3QH4
£1.1M01/210.4 mi15, Benson Road, London, Greater London SE23 3RL4
£1.0M03/210.42 mi24, Ewelme Road, London, Greater London SE23 3BH4
£935K12/200.42 mi6, Ewelme Road, London, Greater London SE23 3BH4
£988K01/220.42 mi6, Ewelme Road, London, Greater London SE23 3BH4
£1.3M12/220.42 mi24, Cornflower Terrace, London, Greater London SE22 0HH4
£800K01/230.44 mi3, Ebsworth Street, London, Greater London SE23 1ER4
£1.1M10/220.44 mi78, Dunstans Road, London, Greater London SE22 0HG4
£855K01/230.44 mi10, Bovill Road, London, Greater London SE23 1HA4
£897.5K12/200.44 mi82, Dunstans Road, London, Greater London SE22 0HG4
£1.1M03/210.45 mi72, Wood Vale, London, Greater London SE23 3ED4
£995K06/210.45 mi19, Hillcourt Road, London, Greater London SE22 0PF4
£1.1M09/220.45 mi27, Ewelme Road, London, Greater London SE23 3BQ4
£897.5K11/200.45 mi17, Ewelme Road, London, Greater London SE23 3BQ4
£905K09/210.45 mi7, Ewelme Road, London, Greater London SE23 3BQ4
£1.1M06/210.46 mi36, Hillcourt Road, London, Greater London SE22 0PE4
£935K05/210.46 mi42, Hillcourt Road, London, Greater London SE22 0PE4

Local Rents

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

RentDateDistanceAddressBeds 
£2,75008/240.02 miCoach House, 2A Honor Oak Rise, London, SE234
£2,90009/240.06 miBuckstone Close, Forest Hill SE234
£2,30008/240.16 miCanonbie Road, Forest Hill, London, SE233
£7,50008/240.17 miMarmora Road, East Dulwich, London, SE224
£7,50008/240.17 miMarmora Road, East Dulwich5
£3,40010/240.18 mi-4
£3,40008/240.18 miMontgomerie Mews, London, SE234
£4,25008/240.28 miMundania Road, London, SE224
£4,25009/240.28 mi-4
£2,10003/250.3 mi-3
£1,95004/250.32 mi-3
£3,00008/240.32 miTalmage Close, Forest Hill4
£2,75008/240.33 miHorniman Drive, London, SE233
£4,50010/240.34 mi-3
£4,50003/250.34 mi-3
£4,25008/240.34 miDovedale Road, East Dulwich, London, SE224
£4,25008/240.34 miDovedale Road, East Dulwich4
£3,00008/240.36 miHorniman Drive London SE234
£2,90008/240.36 miRyedale, East Dulwich, London, SE223
£2,65010/240.38 mi-3
£3,00008/240.39 miGarthorne Road, Forest Hill3
£3,00008/240.39 miGarthorne Road, London, SE233
£2,38308/240.4 miWood Vale, East Dulwich, SE233
£4,00008/240.4 miBenson Road 5
£2,45008/240.41 miHonor Oak Park, Forest Hill3
£2,85008/240.41 miGrierson Road, Honor Oak3
£3,70002/250.43 mi-4
£3,50003/250.43 mi-4
£2,70003/250.45 mi-3
£2,75008/240.45 miBallina Street, Forest Hill3
£2,40008/240.45 miWestwood Park London SE234
£4,50008/240.46 miUnderhill Road, London5
£3,30008/240.46 miHawkslade Road, Honor Oak Park, London, SE153
£4,00008/240.46 miUnderhill Road London SE224
£4,50008/240.46 miUnderhill Road London SE224
£4,00008/240.46 miUnderhill Road, East Dulwich, East Dulwich, London, SE224
£4,50008/240.46 miUnderhill Road, East Dulwich, East Dulwich, London, SE224
£2,57508/240.47 mi33-39 Beadnell Road London SE233
£3,05008/240.47 miBeadnell Road London SE233
£2,50008/240.47 miEwart Road, Forest Hill, London, SE234
£2,99501/250.47 mi-3
£3,60008/240.47 miForest Hill Road, London, SE224
£2,70004/250.48 mi-3
£4,25008/240.48 miOverhill Road, East Dulwich, London, SE224
£3,75008/240.48 miAckroyd Road Forest Hill SE234
£4,50008/240.48 miUnderhill Road, East Dulwich4
£3,00008/240.49 miCheltenham Road, Nunhead, SE154
£2,35002/240.5 mi-3
£2,35002/240.5 mi-3
£3,40008/240.5 miSt. Aidans Road, London, SE22 0RN4
£4,50008/240.5 miUnderhill Road , London5

Local Area Statistics

Population in SE23

33,682

Population in London

4,771,921

Town centre distance

5.85 miles away

Nearest school

0.20 miles away

Nearest train station

0.39 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+13%

Sales demand

Balanced market

Capital growth (5yrs)

+4%

Property History

Price changed to £975,000

February 8, 2025

Listed for £950,000

January 14, 2025

Floor Plans

Description

  • A unique opportunity to this purchase this amazing 5-bedroom Victorian end of terrace family home +
  • In need of complete renovating and TLC. +
  • New Central heating system, rewiring throughout, landscaping of the garden and new windows. +
  • WEST facing rear garden with side return access +
  • 2079 sqft (193.1 sqm) of internal living space, including an extensive cellar +
  • Double reception room +
  • Kitchen and dining room +
  • Potential for two bathrooms and a separate toilet +
  • Close to Honor Oak Park station and One Tree Hill at the end of the cul-de-sac +
  • Close to amenities and a good selection of highly rated schools +

A unique opportunity to this purchase this amazing 5-bedroom Victorian end of terrace family home, in need of complete renovating and TLC, that is radiating an abundance of period features, character and charm. The house requires a total renovation, including installation of a central heating system, rewiring throughout, landscaping of the garden, new windows and work on the roof.

The house also benefits from a 41ft private WEST facing rear garden with side return access, 2079 sqft (193.1 sqm) of internal living space, including an extensive cellar and it’s located on a cul-de-sac which is one of Honor Oak Park’s premier streets.

This handsome period house has great kerb appeal, its striking façade of red brick walls and ornate period detailing is very pleasing to the eye. The property is set back from the street protected by a walled front garden. A pathway leads to an attractive arched porch giving access to the house though a large period front door.

Upon entry is a spacious hallway with authentic Victorian tiled flooring. Stairs leading both upstairs to the bedrooms and downstairs to the kitchen dining room.

At the front of the house is a grand formal double reception room with high ceilings, original cornicing, attractive original fireplaces with marble surrounds, original exposed wood flooring and a large sash bay window which illuminates the room with natural light.

The rear part of the reception room shares similar period features, a matching fireplace, a window looking out to the garden via the side return.

Downstairs to the rear of the house is a kitchen and dining room. There is also access to the cellar which is extensive and sits beneath the double reception room and entrance hall. The ceiling height is reasonable good for a cellar and could make a great utility room which has been done by neighbouring properties.
The kitchen and dining room would benefit from being opened up to create an open plan kitchen dining area as it currently two separate rooms. The dining area offer direct access to the garden from a patio door. Steps lead down to the garden.

The garden needs complete landscaping but it’s a suntrap in the summer as it catches the afternoon sun, it would make a perfect spot for entertaining and al fresco dining in the warmer months. There is very useful side return access from the street which is shared by the houses on Forest Hill Road and there is also a disused ‘privy’ in the side return.

Back inside the house, off the half landing upstairs, is a family bathroom and a separate toilet, once again both require full renovation.

To the rear of the house, is a charming double bedroom with an original feature fireplace, exposed wood flooring and overlooks the garden below through two large sash windows.

In the middle of this floor there is another large double bedroom that has high ceilings, a feature fireplace exposed wooden flooring and a sash window to the rear looking over the sider return windows towards the garden.

Occupying the whole width of the front of the house is a large main bedroom which has high ceilings, exposed wood flooring, a feature fireplace and three large sash windows.

Upstairs to the second floor there is space for an additional bathroom although the room need to be completely fitted and renovated.

At the rear of the property is a delightful bedroom with lovely views overlooking the garden and far beyond. This room has recently had water damage from a defected roof that is in the process of being repaired.

The loft space is accessible from the landing and has the potential to be converted into a further bedroom and shower room subject to planning permission.

Honor Oak Rise is a quiet peaceful no through road that leads up One Tree Hill where there is a lovely woodland walk and spectacular views of the London Skyline. The house is located less than 10 minutes’ walk from Honor Oak Park Station (National Rail and Overground services to central London); two bus routes stop at the bottom of the Rise. Central Honor Oak has excellent local shopping plus good pubs and restaurants. Honor Oak is convenient for local state and private schools in Dulwich, Peckham, Sydenham and Forest Hill.

Agent Details

Pickwick Estates, Honor Oak

020 3834 7891

Next Steps?

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