6 Bed Terraced House, Refurb/BRRR, London, SE15 1NT, £3,250,000

Reconstruct Art Studios, Bermondsey, SE15 1NT - 2 views - 3 months ago

Refurb/BRRR
~186 m²
+33 photos

ValuationOvervalued

Sold Prices£550K - £3.3M
Sold Prices/m²£4.7K/m² - £13K/m²

 

 

Square Metres

~186 m²
Price/m²£17.5K/m²

Value Estimate

£1,308,649

 

 

End Value (After Refurb)

£1,275,628

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£812,500

Stamp Duty & Legal Fees

£437,450

Refurb Costs

£98,783

Bridging Loan Interest

£85,313

Total Cash In

£1,435,796

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£1,275,628

Mortgage (After Refinance)

£956,721

Mortgage LTV

75%

Cash Left In

£1,435,796

Equity

£318,907

Rent Range

£932 - £8,333

Rent Estimate

£3,261

Running Costs/mo

£4,659

Cashflow/mo

£-1,398

Cashflow/yr

£-16,770

Gross Yield

1%

Local Sold Prices

20 sold prices from £550K to £3.3M, average is £1.7M. £4.7K/m² to £13K/m², average is £7.1K/m².

PriceDateDistanceAddressBeds 
£975K01/210.84 mi58, Lausanne Road, London, Greater London SE15 2JB6
£1.3M12/200.96 mi211, Waller Road, London, Greater London SE14 5LX6
£990K09/211.29 mi26, St Asaph Road, London, Greater London SE4 2EJ6
£1.2M11/221.31 mi13, Drake Close, London, Greater London SE16 6RS6
£2.0M08/221.47 mi92, Grove Park, London, Greater London SE5 8LE6
£3.3M09/211.51 mi49, Grove Park, London, Greater London SE5 8LG6
£3.3M09/211.55 mi49, Grove Park, London, Greater London SE5 8LG6
£550K04/211.57 mi8, Mcneil Road, London, Greater London SE5 8PL6
£2.5M11/201.63 mi25, Camberwell Grove, London, Greater London SE5 8JA6
£2.9M04/211.63 mi1, Grove Park, London, Greater London SE5 8LT6
£2.4M03/211.68 mi176, Camberwell Grove, Camberwell, London, Greater London SE5 8RH6
£1.2M05/211.71 mi30, Oakhurst Grove, London, Greater London SE22 9AQ6
£1.3M06/211.74 mi143, Camberwell Road, London, Greater London SE5 0HB6
£650K02/231.82 mi31, Manchester Road, London, Greater London E14 3BD6
£1.8M08/231.85 mi1, Elsie Road, London, Greater London SE22 8DX6
£830K04/211.9 mi103, Halesworth Road, London, Greater London SE13 7TL6
£3.0M09/221.92 mi25, Champion Hill, London, Greater London SE5 8AL6
£3.0M12/221.93 mi52, Champion Hill, London, Greater London SE5 8BS6
£1.9M01/241.99 mi28, Gloucester Circus, London, Greater London SE10 8RY6
£1.6M06/241.99 mi29, Gloucester Circus, London, Greater London SE10 8RY6

Local Rents

47 rents from £932/mo to £8.3K/mo, average is £3.2K/mo.

RentDateDistanceAddressBeds 
£3,40008/240.05 miManor Grove, Peckham, SE154
£2,60010/230.07 miSharratt Street, London, SE153
£3,50008/240.14 miEynsford House, 9 Lovelinch Close, London, Greater London, SE154
£3,00008/240.14 miEynsford House, Lovelinch Close, Peckham, London, SE154
£2,55012/240.18 mi-3
£3,20008/240.18 mi-4
£3,20011/240.18 mi-4
£2,05008/240.19 miWater Lane, London, SE143
£1,70008/240.2 miFarrow Lane, London, SE143
£2,10011/240.21 mi-3
£3,90008/240.25 miAvonley Road, London , SE145
£3,70008/240.25 miAvonley Road, London , SE144
£3,00011/240.25 mi-3
£2,80001/250.25 mi-3
£2,70008/240.25 mi-3
£4,00010/240.25 mi-5
£2,45008/240.25 miAvonley Road, New Cross, London, SE143
£3,75008/240.26 miHunsdon Road, London, SE145
£3,00012/240.26 miCrown Place Apartments , London3
£3,60008/240.26 miAvonley Road, London, SE144
£2,60008/240.27 miHunsdon Road, London, SE144
£3,30008/240.27 miHunsdon Road, London, SE144
£2,70008/240.27 miHunsdon Road, London, SE143
£3,50008/240.27 miOld Kent Road, London, SE155
£3,26010/240.29 mi-5
£3,26008/240.29 miHunsdon Road, London, SE145
£8,33308/240.3 mi-5
£7,20008/240.3 mi-7
£3,09508/240.31 miAstbury Road, Peckham, London, SE154
£93212/240.33 mi-6
£2,37508/240.33 miJohn Williams Close, New Cross, SE143
£3,50008/240.33 miWrigglesworth Street London SE143
£4,45008/240.33 miWrigglesworth Street, London5
£4,45008/240.33 miWrigglesworth Street, London5
£3,70008/240.33 miWrigglesworth Street, London, SE144
£3,45009/240.33 miWrigglesworth Street, London, SE144
£3,25009/240.33 mi-4
£3,70009/240.33 mi-4
£3,25009/240.33 mi-4
£2,59508/240.35 miBramcote Grove London SE163
£3,20011/230.36 miMonson Road, New Cross, London, SE144
£1,85008/240.37 miCold Blow Lane, New Cross, London, SE143
£2,50003/250.38 mi-4
£2,50004/250.38 mi-4
£3,20008/240.38 miMonson Road, London, SE144
£2,15004/250.38 mi-3
£4,00008/240.39 miMonson Road, New Cross, SE144

Local Area Statistics

Population in SE15

63,647

Population in London

4,771,921

Town centre distance

3.86 miles away

Nearest school

0.20 miles away

Nearest train station

0.37 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+15%

Sales demand

Balanced market

Capital growth (5yrs)

+10%

Property History

Price changed to £3,250,000

February 9, 2025

Listed for £3,500,000

January 16, 2025

Floor Plans

Description

  • Freehold warehouse building with residential usage +
  • Development opportunity or substantial home +
  • Recently refurbished throughout +
  • Private courtyard with off road parking for two cars +
  • Expansive roof terrace with views across South London +
  • Over 3250 sq/ft of internal space +
  • Council Tax Band - D +

Reconstruct Art Studios, located on Ilderton Road in South Bermondsey, is a creative space situated in a building with a rich industrial heritage. Originally a terrace of houses with horse stables dating back to the 1800's, this building evolved into an industrial hub by the mid-20th century before undergoing a stunning renovation in 2009. Today, it is a unique residential warehouse and annex, blending its rich heritage with contemporary living spaces, all centred around a charming courtyard.

Stepping through the industrial exterior reveals an expansive warehouse home, thoughtfully arranged around a central courtyard capable of hosting two cars securely and off road. The interior is a marvel of design, with white walls and grey-toned floors. The open-plan layout is accentuated by dramatic open roof spaces and Velux windows, flooding the rooms with natural light. A series of mezzanine rooms offer additional space and storage, while two kitchens and four separate shower rooms ensure convenience. Cleverly connected corridors unify the zoned areas, allowing the property to function as one large home or divided into individual chic spaces.

This versatile property is ripe with development potential, catering to a range of creative uses. Its minimal interiors and room arrangements make it ideal for various ventures, from gallery exhibitions and art studios to music production spaces and yoga studios. The combination of industrial charm and modern sophistication offers endless possibilities for those looking to expand or adapt the space to their needs.

Located in one of London's most anticipated regeneration zones, Reconstruct Art Studios benefits from excellent transport connections. South Bermondsey Station, just a short distance away, provides direct services to London Bridge in five minutes. The area is well-served by bus routes, with additional connectivity improvements on the horizon, including the planned New Bermondsey station and a Bakerloo line extension, further enhancing access to the city.

The surrounding area is a dynamic blend of cultural and commercial vibrancy. Old Kent Road offers a selection of bars, pubs, and restaurants, while the nearby Peckham Rye boasts destination eateries and coffee houses. The ongoing regeneration projects, such as New Bermondsey, are set to transform the area, making it a highly desirable locale for both residential and business purposes. The mix of historical significance and contemporary urban life makes Ilderton Road a captivating place to call home.

Agent Details

Urban Spaces, Loft Living & Unique Properties

020 3910 0873

Next Steps?

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