5 Bed Terraced House, Refurb/BRRR, London, SE28 8PW, £500,000

Pointer Close, London, SE28 8PW 8 - 44 views - 3 months ago

Refurb/BRRR
~178 m²
+5 photos

ValuationUndervalued

Sold Prices£307.5K - £850K
Sold Prices/m²£2.7K/m² - £5.9K/m²

 

 

Square Metres

~178.28 m²
Price/m²£2.8K/m²

Value Estimate

£525,200
BMV1%

 

 

End Value (After Refurb)

£797,960

Uplift in Value

+53%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£125,000

Stamp Duty & Legal Fees

£30,300

Refurb Costs

£94,231

Bridging Loan Interest

£13,125

Total Cash In

£264,406

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Estimated Sale Price

£797,960

Agent Fees (1%)

£7,980

Bridging Loan

£375,000

Bridging Loan Interest

£13,125

Flip Profit

£150,574

Local Sold Prices

50 sold prices from £307.5K to £850K, average is £546K. £2.7K/m² to £5.9K/m², average is £4.2K/m².

PriceDateDistanceAddressBeds 
£485K06/211.27 mi14, Stern Close, Barking, Greater London IG11 0XW5
£850K06/211.35 mi6, Abbotswood Close, Belvedere, Greater London DA17 5RN5
£386K07/221.35 mi47, Leatherbottle Green, Erith, Greater London DA18 4HS5
£435K02/211.61 mi36, Hill View Drive, London, Greater London SE28 0LH5
£505K11/221.63 mi51, Battery Road, London, Greater London SE28 0JL5
£495K03/211.74 mi17, Station Road North, Belvedere, Greater London DA17 6JL5
£385K06/211.8 mi5, Vincent Road, Dagenham, Greater London RM9 6AS5
£675K09/211.86 mi17, Priory Drive, London, Greater London SE2 0PP5
£575K09/211.87 mi85, New Road, Abbey Wood, London, Greater London SE2 0PN5
£615K09/221.88 mi8, Friars Walk, London, Greater London SE2 0PR5
£440K06/211.92 mi93, Ellerton Road, Dagenham, Greater London RM9 4HR5
£635K11/222.02 mi27, Eardley Road, Belvedere, Greater London DA17 6EX5
£815K02/212.07 mi26, West Heath Road, London, Greater London SE2 0RX5
£670K12/202.09 mi13, Pinewood Road, London, Greater London SE2 0RY5
£510K08/212.11 mi10, Orchard Avenue, Belvedere, Greater London DA17 5PB5
£580K10/202.2 mi2, Canberra Road, Bexleyheath, Greater London DA7 5SG5
£547K02/212.25 mi305, Bedonwell Road, Belvedere, Greater London DA17 5PG5
£508K01/212.28 mi16, Edwin Close, Bexleyheath, Greater London DA7 5QH5
£550K06/232.32 mi273, Wickham Lane, Abbey Wood, London, Greater London SE2 0NX5
£560K06/212.36 mi355, Brampton Road, Bexleyheath, Greater London DA7 5SA5
£520K10/202.4 mi8, Bellring Close, Belvedere, Greater London DA17 6LP5
£658K10/222.47 mi65, Frederick Road, Rainham, Greater London RM13 8NS5
£520K03/212.47 mi46, Chessington Avenue, Bexleyheath, Greater London DA7 5NW5
£540K02/212.48 mi277, Salisbury Avenue, Barking, Greater London IG11 9XY5
£530K11/212.48 mi5, Totnes Road, Welling, Greater London DA16 1BU5
£800K06/232.48 mi124, Upney Lane, Barking, Greater London IG11 9LT5
£625K01/212.5 mi21, Sandringham Road, Barking, Greater London IG11 9AD5
£620K03/212.5 mi27, Sandringham Road, Barking, Greater London IG11 9AD5
£585K06/212.53 mi39, Luddesdon Road, Erith, Greater London DA8 1NQ5
£460K01/212.56 mi10, St Erkenwald Road, Barking, Greater London IG11 7XA5
£530K04/232.56 mi50, Charlotte Road, Dagenham, Greater London RM10 8TD5
£675K06/212.58 mi101, Shirley Gardens, Barking, Greater London IG11 9XB5
£630K09/212.59 mi105, Hythe Avenue, Bexleyheath, Greater London DA7 5NQ5
£510K11/202.61 mi15, Spinney Close, Rainham, Greater London RM13 8LR5
£555.5K09/212.64 mi90, Preston Drive, Bexleyheath, Greater London DA7 4UE5
£660K08/212.64 mi66, Little Heath Road, Bexleyheath, Greater London DA7 5HW5
£675K02/212.68 mi25, Beccles Drive, Barking, Greater London IG11 9HX5
£518K12/202.68 mi9, Cavendish Avenue, Erith, Greater London DA8 1EP5
£410K04/212.68 mi43, Netherfield Gardens, Barking, Greater London IG11 9TL5
£550K03/232.69 mi37, Ventnor Gardens, Barking, Greater London IG11 9JY5
£585K04/232.69 mi54, Berkeley Avenue, Bexleyheath, Greater London DA7 4UB5
£510K02/212.69 mi54, Berkeley Avenue, Bexleyheath, Greater London DA7 4UB5
£510K04/212.71 mi19, Oakdene Avenue, Erith, Greater London DA8 1EJ5
£545K06/222.71 mi18, Hulse Avenue, Barking, Greater London IG11 9UW5
£425K10/202.72 mi1, New Zealand Way, Rainham, Greater London RM13 8JP5
£490K12/202.72 mi35, Nurstead Road, Erith, Greater London DA8 1LS5
£550K03/222.72 mi128, Bexley Road, Erith, Greater London DA8 3SP5
£307.5K02/212.73 mi11, Cecil Avenue, Barking, Greater London IG11 9TB5
£670K07/232.73 mi3, Strathfield Gardens, Barking, Greater London IG11 9UJ5
£530K11/202.73 mi30, Saltash Road, Welling, Greater London DA16 1HB5

Local Rents

32 rents from £1.2K/mo to £3.5K/mo, average is £2.1K/mo.

RentDateDistanceAddressBeds 
£2,20012/240.06 mi-3
£2,50004/250.11 mi-4
£2,50008/240.13 mi-4
£2,50502/250.13 mi-3
£2,40008/240.16 mi-4
£2,10001/250.17 mi-3
£2,10008/240.19 mi-3
£2,30011/240.19 mi-3
£1,85008/240.21 miFieldfare Road, North Thamesmead, London SE283
£2,25008/240.22 mi-3
£2,25008/240.22 mi-3
£1,95011/230.22 miGarganey Walk, London, SE283
£2,50011/230.25 miRedbourne Drive4
£2,30011/230.25 miRedbourne Drive4
£2,00008/240.25 miBernal Close, Thamesmead, London3
£2,70001/250.28 mi-4
£3,20008/240.28 mi-4
£1,20012/240.29 mi-6
£1,75008/240.29 mi-4
£2,05009/240.3 mi-3
£2,05008/240.3 miHowden Close, London, SE283
£2,09501/240.32 mi-3
£2,75008/240.32 miGreenhaven Drive, London, SE285
£2,20009/240.39 mi-4
£1,85008/240.43 miGreenhaven Drive, Central Thamesmead, London SE283
£2,09402/240.5 mi-3
£2,00010/240.55 mi-3
£1,95008/240.57 mi-3
£1,95008/240.57 mi-3
£1,95008/240.57 miMarshall Path, London, SE283
£2,40004/250.59 mi-3
£3,46712/240.61 mi-3

Local Area Statistics

Population in SE28

29,318

Population in London

4,771,921

Town centre distance

10.01 miles away

Nearest school

0.20 miles away

Nearest train station

0.79 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+11%

Sales demand

Balanced market

Capital growth (5yrs)

+16%

Property History

Price changed to £500,000

February 12, 2025

Listed for £520,000

January 14, 2025

Floor Plans

Description

Mooved are delighted to present this five-bedroom end-of-terrace property in Pointer Close, SE28, offering direct canal-side views and a fantastic refurbishment opportunity for property investors. Set within the well-connected and vibrant Thamesmead area, this property benefits from its close proximity to Abbey Wood station, soon to be a major Crossrail hub, providing fast and easy access to central London. Local schools, green spaces, and shopping facilities are within walking distance, making this a desirable location for families and professionals alike.

This spacious property offers approximately 1,111 sq ft (103.2 sq m) of internal living space, including an integral garage. The accommodation is spread over three floors, with the ground floor comprising a generously sized reception room leading out to the rear garden, a kitchen space ready for modernisation, and the attached garage, which could be converted into additional living space or a home office, subject to necessary consents.

The first floor features three well-sized bedrooms and a storage area, while the second floor includes two further double bedrooms and a partially renovated bathroom. All rooms are bright and airy, with plenty of potential for customisation to suit rental or resale purposes. The rear garden offers a unique canal-side aspect, providing a peaceful and private outdoor space that will appeal to future occupants.

Externally, the property includes driveway parking for one vehicle in addition to the garage. With Thamesmead undergoing significant regeneration and continued infrastructure improvements, this property is an excellent opportunity for investors looking to capitalise on the area's growth and strong rental demand.

Disclaimer – 1. MONEY LAUNDERING REGULATIONS: Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.

General: While we endeavour to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact the office and we will be pleased to check the position for you, especially if you are contemplating travelling some distance to view the property.

Measurements: These approximate room sizes are only intended as general guidance. You must verify the dimensions carefully before ordering carpets or any built-in furniture.
Services: Please note we have not tested the services or any of the equipment or appliances in this property, accordingly we strongly advise prospective buyers to commission their own survey or service reports before finalising their offer to purchase.

THESE PARTICULARS ARE ISSUED IN GOOD FAITH BUT DO NOT CONSTITUTE REPRESENTATIONS OF FACT OR FORM PART OF ANY OFFER OR CONTRACT. THE MATTERS REFERRED TO IN THESE PARTICULARS SHOULD BE INDEPENDENTLY VERIFIED BY PROSPECTIVE BUYERS OR TENANTS. NEITHER MOOVED NOR ANY OF ITS EMPLOYEES OR AGENTS HAS ANY AUTHORITY TO MAKE OR GIVE ANY REPRESENTATION OR WARRANTY WHATEVER IN RELATION TO THIS PROPERTY.

Agent Details

Mooved, Harrogate

01420 554952

Next Steps?

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