3 Bed Flat, Refurb/BRRR, London, SW10 0PE, £1,000,000

Cremorne Road, London, SW10 0PE - 7 views - 3 months ago

Refurb/BRRR

ROI: 3%

~93 m²

+5 photos

ValuationUndervalued

Sold Prices	£410K - £2.5M
Sold Prices/m²	£5.4K/m² - £18.5K/m²

Square Metres	~93 m²
Price/m²	£10.8K/m²
Value Estimate	£1,026,953£1,026,953
BMV	3%

End Value (After Refurb)	£1,167,667£1,167,667
Uplift in Value	+17%+17%

Investment Opportunity

Cash In
Purchase Finance	Bridging LoanBridging Loan
Deposit (25%)	£250,000£250,000
Stamp Duty & Legal Fees	£72,450£72,450
Refurb Costs	£49,214£49,214
Bridging Loan Interest	£26,250£26,250
Total Cash In	£399,664£399,664

Cash Out
Monetisation	FlipRefinance & RentRefinance & Rent
Revaluation	£1,167,667£1,167,667
Mortgage (After Refinance)	£875,750£875,750
Mortgage LTV	75%75%
Cash Released	£125,750£125,750
Cash Left In	£273,914£273,914
Equity	£291,917£291,917
Rent Range	£2,600 - £14,582£2,600 - £14,582
Rent Estimate	£5,661
Running Costs/mo	£4,801£4,801
Cashflow/mo	£860£860
Cashflow/yr	£10,318£10,318
ROI	3%3%
Gross Yield	7%7%

Local Sold Prices

50 sold prices from £410K to £2.5M, average is £1.0M. £5.4K/m² to £18.5K/m², average is £10.7K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£1.3M	05/21	0 mi	Flat 4, Cornwall Mansions, Cremorne Road, London, Greater London SW10 0PE	£12,019	104	3	Flat
£700K	12/23	0 mi	Flat 16, Cornwall Mansions, Cremorne Road, London, Greater London SW10 0PE	-	-	3	Flat
£865K	09/21	0.03 mi	Flat 37d, Cremorne Mansions, Cremorne Road, London, Greater London SW10 0ND	-	-	3	Flat
£1.1M	11/20	0.04 mi	Flat 41, Ashburnham Mansions, Ashburnham Road, London, Greater London SW10 0PB	£10,650	100	3	Flat
£1.0M	02/21	0.19 mi	Flat 17, Hudson House, Hortensia Road, London, Greater London SW10 0QR	-	-	3	Flat
£950K	10/23	0.19 mi	Flat 9, Hudson House, Hortensia Road, London, Greater London SW10 0QR	-	-	3	Flat
£1.5M	09/21	0.22 mi	Flat 3, Fernshaw Mansions, Fernshaw Road, London, Greater London SW10 0TD	-	-	3	Flat
£983K	11/20	0.22 mi	Flat 3, Editha Mansions, Edith Grove, London, Greater London SW10 0NN	-	-	3	Flat
£1.5M	02/23	0.26 mi	48, The Quadrangle, London, Greater London SW10 0UG	£8,523	176	3	Flat
£1.3M	11/20	0.26 mi	16, The Quadrangle, London, Greater London SW10 0UG	£8,718	153	3	Flat
£1.1M	03/23	0.32 mi	6d, Thorney Crescent, London, Greater London SW11 3TR	£8,846	130	3	Flat
£1.2M	06/21	0.33 mi	Flat 36, Beaufort Mansions, Beaufort Street, London, Greater London SW3 5AG	-	-	3	Flat
£1.0M	04/21	0.33 mi	Flat 122, Beaufort Mansions, Beaufort Street, London, Greater London SW3 5AE	-	-	3	Flat
£1.6M	09/23	0.33 mi	Flat 126, Beaufort Mansions, Beaufort Street, London, Greater London SW3 5AE	-	-	3	Flat
£970K	01/24	0.33 mi	Flat 124, Beaufort Mansions, Beaufort Street, London, Greater London SW3 5AE	-	-	3	Flat
£1.5M	04/23	0.33 mi	Flat 69, Beaufort Mansions, Beaufort Street, London, Greater London SW3 5AF	-	-	3	Flat
£1.7M	04/23	0.33 mi	42, Thames Quay, London, Greater London SW10 0UY	£11,910	141	3	Flat
£1.9M	10/20	0.33 mi	9, Thames Quay, London, Greater London SW10 0UY	£12,558	151	3	Flat
£1.6M	01/21	0.37 mi	Flat 4, Clifton House, Hollywood Road, London, Greater London SW10 9XA	-	-	3	Flat
£1.8M	06/23	0.38 mi	Flat 5, Fawcett Court, Fawcett Street, London, Greater London SW10 9HW	-	-	3	Flat
£995K	07/23	0.4 mi	Flat 43, Valiant House, Vicarage Crescent, London, Greater London SW11 3LU	-	-	3	Flat
£535K	02/23	0.44 mi	Flat 18, Chelwood Court, Westbridge Road, London, Greater London SW11 3NH	-	-	3	Flat
£2.3M	03/23	0.53 mi	Flat 22, Grove Court, Drayton Gardens, London, Greater London SW10 9QY	-	-	3	Flat
£1.3M	06/21	0.54 mi	Flat 8a, Drayton Court, Drayton Gardens, London, Greater London SW10 9RQ	-	-	3	Flat
£1.0M	06/23	0.54 mi	Flat 39, Marina Point, Lensbury Avenue, London, Greater London SW6 2GX	-	-	3	Flat
£490K	02/21	0.54 mi	First Floor Flat, 170, Ifield Road, London, Greater London SW10 9AF	£11,395	43	3	Flat
£950K	12/23	0.55 mi	Flat 17, Monarch Point, Lensbury Avenue, London, Greater London SW6 2HW	-	-	3	Flat
£920K	05/23	0.55 mi	Flat 1, Monarch Point, Lensbury Avenue, London, Greater London SW6 2HW	-	-	3	Flat
£705K	10/21	0.56 mi	56a, Elbe Street, London, Greater London SW6 2QP	-	-	3	Flat
£1.1M	11/20	0.56 mi	Ground Floor Flat, 70, Redcliffe Gardens, London, Greater London SW10 9HE	£12,651	83	3	Flat
£500K	02/23	0.57 mi	43a, Tynemouth Street, London, Greater London SW6 2QS	-	-	3	Flat
£1.9M	11/20	0.57 mi	Flat 25, Dolphin House, Lensbury Avenue, London, Greater London SW6 2GY	-	-	3	Flat
£852K	12/20	0.57 mi	Maisonette B, 14, Bovingdon Road, London, Greater London SW6 2AP	-	-	3	Flat
£410K	12/20	0.59 mi	53, Searles Close, London, Greater London SW11 4RH	£5,395	76	3	Flat
£620K	05/23	0.59 mi	49, Searles Close, London, Greater London SW11 4RH	£7,126	87	3	Flat
£640K	07/23	0.6 mi	Flat 6, Coles Court, Trott Street, London, Greater London SW11 3DU	-	-	3	Flat
£1.1M	05/21	0.61 mi	55a, Wandsworth Bridge Road, London, Greater London SW6 2TB	-	-	3	Flat
£1.0M	12/20	0.64 mi	Lower Maisonette, 40, Wandsworth Bridge Road, London, Greater London SW6 2TH	-	-	3	Flat
£555K	06/21	0.64 mi	Flat F, 50, Cranley Gardens, London, Greater London SW7 3DE	£18,500	30	3	Flat
£2.0M	04/21	0.65 mi	8, Regency Terrace, London, Greater London SW7 3QW	£14,815	135	3	Flat
£1.6M	01/21	0.66 mi	Flat 53, Albany Mansions, Albert Bridge Road, London, Greater London SW11 4PQ	-	-	3	Flat
£1.1M	05/23	0.66 mi	Flat 68, Albany Mansions, Albert Bridge Road, Battersea, London, Greater London SW11 4PQ	-	-	3	Flat
£825K	03/24	0.66 mi	Albany Mansions, Flat 70, Albert Bridge Road, Battersea, London, Greater London SW11 4PQ	£9,728	85	3	Flat
£815K	01/21	0.68 mi	First Floor Flat, 23, Byam Street, London, Greater London SW6 2RB	£13,814	59	3	Flat
£2.5M	01/23	0.68 mi	Flat 207, Coleherne Court, Redcliffe Gardens, London, Greater London SW5 0DT	-	-	3	Flat
£595K	01/21	0.68 mi	43, Maskelyne Close, London, Greater London SW11 4AE	£6,685	89	3	Flat
£637.5K	06/21	0.69 mi	Second Floor Flat, 161, Finborough Road, London, Greater London SW10 9AP	£10,625	60	3	Flat
£1.8M	10/23	0.69 mi	Flat 17, Coleherne Court, The Little Boltons, London, Greater London SW5 0DL	-	-	3	Flat
£1.9M	01/21	0.72 mi	Flat 166, Coleherne Court, Redcliffe Gardens, London, Greater London SW5 0DX	-	-	3	Flat
£1.5M	04/23	0.72 mi	Flat 167, Coleherne Court, Redcliffe Gardens, London, Greater London SW5 0DX	-	-	3	Flat

Local Rents

50 rents from £2.6K/mo to £14.6K/mo, average is £5.7K/mo.

Rent	Date	Distance	Address	Beds	Type
£3,878	09/24	0 mi	Cremorne Road, Chelsea, SW10	3	Flat
£3,878	09/24	0 mi	Cornwall Mansions, Chelsea, SW3	3	Flat
£3,879	09/24	0.01 mi	Cremorne Road, Chelsea, London, SW10	3	Flat
£4,498	09/24	0.02 mi	Edith Grove, Chelsea	3	Flat
£3,750	09/24	0.03 mi	Ashburnham Mansions, Chelsea	3	Flat
£4,117	09/24	0.04 mi	Ashburnham Mansions, Ashburnham Road, London, SW10	3	Flat
£3,748	09/24	0.04 mi	Ashburnham Mansions, Ashburnham Road, SW10	3	Flat
£7,583	09/24	0.05 mi	Burnaby Street, London, SW10	3	Flat
£2,999	09/24	0.12 mi	Brickbarn Close, Kings Road, London, SW10	3	Flat
£5,499	09/24	0.12 mi	Edith Grove, London, SW10	3	Flat
£2,750	09/24	0.16 mi	-	3	Flat
£3,800	09/24	0.16 mi	-	3	Flat
£7,000	09/24	0.2 mi	-	3	Flat
£7,000	09/24	0.2 mi	Chelsea Waterfront, Waterfront Drive, Chelsea, SW10	3	Flat
£6,630	09/24	0.21 mi	Waterfront Drive, Chelsea Harbour, SW10	3	Flat
£7,999	09/24	0.21 mi	Gunter Grove, London, SW10 0UJ	3	Flat
£5,417	09/24	0.21 mi	Waterfront Drive , London	3	Flat
£6,067	09/24	0.21 mi	Waterfront Drive , London	3	Flat
£6,630	09/24	0.22 mi	Waterfront Drive, Chelsea, London, SW10	3	Flat
£7,000	09/24	0.24 mi	Waterfront Drive, Cheslea, SW10	3	Flat
£4,333	09/24	0.25 mi	Kings Road, London, SW10	3	Flat
£8,233	09/24	0.26 mi	Chelsea Harbour, London	3	Flat
£7,562	03/25	0.26 mi	-	3	Flat
£8,333	09/24	0.26 mi	-	3	Flat
£5,997	09/24	0.26 mi	1 Harbour Avenue, Chelsea, London	3	Flat
£8,233	09/24	0.27 mi	Chelsea Harbour, Chelsea, London, SW10	3	Flat
£3,250	11/24	0.28 mi	-	3	Flat
£2,600	03/25	0.28 mi	-	3	Flat
£3,000	09/24	0.29 mi	-	3	Flat
£3,000	09/24	0.29 mi	-	3	Flat
£3,900	09/24	0.3 mi	-	3	Flat
£4,300	01/25	0.31 mi	-	3	Flat
£3,500	02/24	0.33 mi	-	3	Flat
£3,900	09/24	0.33 mi	-	3	Flat
£8,000	09/24	0.34 mi	Saxon House, King's Road, 2 Sands End Lane, London, SW6	3	Flat
£8,000	09/24	0.34 mi	Park Street, London, SW6	3	Flat
£5,850	09/24	0.34 mi	Ellesmere Court, Chelsea SW10	3	Flat
£6,825	09/24	0.35 mi	Ifield Road, SW10	3	Flat
£4,767	09/24	0.36 mi	Ifield Road, Chelsea, SW10	3	Flat
£4,767	09/24	0.36 mi	Ifield Road, London	3	Flat
£8,350	09/24	0.36 mi	Chelsea Creek, Park Street, London, SW6	3	Flat
£8,333	04/25	0.37 mi	-	3	Semi-Detached House
£3,850	09/24	0.38 mi	Kings Road, London	3	Flat
£4,450	09/24	0.38 mi	Park Street Fulham SW6	3	Flat
£8,667	09/24	0.38 mi	Kings Tower, Bridgewater Avenue, Chelsea Creek, Fulham, London, SW6	3	Flat
£5,850	09/24	0.38 mi	Fawcett Street Chelsea London	3	Flat
£14,582	09/24	0.38 mi	Chelsea Crescent, Chelsea Harbour	3	Flat
£8,333	11/24	0.39 mi	-	3	Terraced House
£6,500	09/24	0.4 mi	Park Street, London, SW6	3	Flat
£7,367	09/24	0.4 mi	Kings Road Park, Fulham, London, SW6	3	Flat

Local Area Statistics

Population in SW10	18,51018,510
Population in London	4,771,9214,771,921
Town centre distance	4.62 miles away4.62 miles away
Nearest school	0.10 miles away0.10 miles away
Nearest train station	0.38 miles away0.38 miles away

Rental demand	Balanced marketBalanced market
Rental growth (12m)	+8%+8%
Sales demand	Buyer's marketBuyer's market
Capital growth (5yrs)	-17%-17%

Property History

Listed for £1,000,000

January 15, 2025

Floor Plans

Description

Three Double Bedrooms +
Bright Living Space with Stunning Views of Battersea Power Station +
Wide Corridors and High Ceilings +
Eat-in Kitchen +
1,150 sq ft +
Beautiful Victorian Mansions Block +
All Windows will be Double-Glazed by February 2025 +
Balcony Renovation finished by February 2025 +
Stunning Views +
EPC C +

This beautifully designed residence spans over 1,150 square feet, offering generous living spaces and elegant interiors with stunning views of Battersea Power Station and walking distance from the amenities on the Kings Road.

The apartment features an elegant reception room, complete with a charming fireplace, which opens onto a private, South-facing balcony. This outdoor space is perfect for enjoying tranquil moments or entertaining guests while soaking in the views. The eat-in kitchen is a standout feature, boasting a large bay window that floods the room with natural light, ample storage, and modern appliances, making it both functional and inviting.

The property includes three spacious double bedrooms, all equipped with fitted wardrobes. The master bedroom offers the added luxury of an en suite bathroom, providing privacy and convenience. There is also an additional shower room and a guest WC, catering to the needs of both residents and visitors.

Agent Details

Jefferies James London, London

020 3862 2257

Next Steps?

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

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