2 Bed Flat, Refurb/BRRR, London, SE15 2EF, £235,000

St. Mary's Road, London, SE15 2EF - 34 views - 3 months ago

Leasehold
Refurb/BRRR
ROI: 1%
~68 m²

ValuationFair Value

Sold Prices£312.5K - £780K
Sold Prices/m²£5K/m² - £14.8K/m²

 

 

Square Metres

~68.11 m²
Price/m²£3.5K/m²

Value Estimate

£237,350

 

 

End Value (After Refurb)

£513,497

Uplift in Value

+119%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£58,750

Stamp Duty & Legal Fees

£8,250

Refurb Costs

£36,173

Bridging Loan Interest

£6,169

Total Cash In

£111,092

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Estimated Sale Price

£513,497

Agent Fees (1%)

£5,135

Bridging Loan

£176,250

Bridging Loan Interest

£6,169

Flip Profit

£221,020

Local Sold Prices

50 sold prices from £312.5K to £780K, average is £450K. £5K/m² to £14.8K/m², average is £6.7K/m².

PriceDateDistanceAddressBeds 
£395K02/230.05 mi29a, St Marys Road, London, Greater London SE15 2EA2
£780K05/230.08 miFlat 18, Pioneer Centre, Frobisher Place, London, Greater London SE15 2EE2
£750K02/210.08 miFlat 15, Pioneer Centre, Frobisher Place, London, Greater London SE15 2EE2
£615K07/210.09 mi76b, Lausanne Road, London, Greater London SE15 2JB2
£387.5K06/210.14 mi9, Evelina Road, London, Greater London SE15 2DX2
£430K07/230.14 mi15, Evelina Road, London, Greater London SE15 2DX2
£410K08/210.15 miFlat 9, Ernest Simmonds House, Dennetts Road, London, Greater London SE14 5LN2
£477.5K12/200.19 mi117b, Brayards Road, London, Greater London SE15 2BX2
£390K06/210.23 miFlat 2, Elliott House, Arbuthnot Road, London, Greater London SE14 5LT2
£440.5K10/200.23 miFlat 5, Elliott House, Arbuthnot Road, London, Greater London SE14 5LT2
£455K10/200.24 miGarden Flat, 18b, Waller Road, London, Greater London SE14 5LA2
£450K04/230.24 mi48a, Waller Road, New Cross, London, Greater London SE14 5LA2
£607.5K03/210.24 mi14a, Wroxton Road, London, Greater London SE15 2BN2
£555K03/210.25 mi96c, Waller Road, New Cross, London, Greater London SE14 5LY2
£600K03/210.25 mi77b, Waller Road, New Cross, London, Greater London SE14 5LB2
£610K10/210.26 mi85b, Waller Road, London, Greater London SE14 5LB2
£645K02/210.28 mi133a, Kirkwood Road, London, Greater London SE15 2BG2
£618.5K06/210.3 miGround And First Floor Flat, 180, Waller Road, New Cross, London, Greater London SE14 5LU2
£365K03/230.3 mi12, Symons Close, London, Greater London SE15 3SF2
£345K05/210.3 miFlat 11, Station Court, Gibbon Road, London, Greater London SE15 2AP2
£340K12/200.34 miFlat 66, Juniper House, Pomeroy Street, London, Greater London SE14 5BY2
£340K06/230.34 miFlat 5, Montpelier Court, Montpelier Road, London, Greater London SE15 2HA2
£337.5K10/200.35 miFlat 8, Cedar House, Erlanger Road, London, Greater London SE14 5TB2
£505.8K06/230.36 mi146b, Erlanger Road, London, Greater London SE14 5TJ2
£535K07/230.37 mi30, Kender Street, London, Greater London SE14 5JG2
£312.5K06/210.37 miFlat 2, Hammond House, Lubbock Street, London, Greater London SE14 5HY2
£385K09/210.37 mi14, Beacon Gate, London, Greater London SE14 5UB2
£335K03/210.37 mi3, Beacon Gate, London, Greater London SE14 5UB2
£320K03/210.38 miFlat 18, St. Asaph Court, St Asaph Road, London, Greater London SE4 2EE2
£360K06/210.38 mi97, Bath Close, London, Greater London SE15 2JT2
£460K12/220.39 mi26, Pepys Road, London, Greater London SE14 5SB2
£402K03/230.39 mi47, Laburnum Close, London, Greater London SE15 2LJ2
£495.9K03/210.4 mi11a, Drakefell Road, Brockley, London, Greater London SE14 5SL2
£650K01/230.4 mi37b, Pepys Road, London, Greater London SE14 5SA2
£365K03/210.42 mi33, Blanch Close, London, Greater London SE15 2LD2
£470K09/210.42 mi108a, New Cross Road, London, Greater London SE14 5BA2
£341.5K04/230.43 miFirst Floor, 85, Pepys Road, London, Greater London SE14 5SE2
£500K05/210.45 mi217a, New Cross Road, London, Greater London SE14 5UH2
£640K03/210.46 mi49a, Drakefell Road, London, Greater London SE14 5SH2
£470K06/210.47 mi67, Manaton Close, London, Greater London SE15 3PW2
£426K10/210.48 mi79, Manaton Close, London, Greater London SE15 3PW2
£425K01/210.48 mi22, Meeting House Lane, London, Greater London SE15 2UN2
£730K06/210.48 mi22a, Ommaney Road, London, Greater London SE14 5NT2
£450K06/230.48 mi78, Tappesfield Road, London, Greater London SE15 3EZ2
£550K06/210.49 mi34, Ivydale Road, London, Greater London SE15 3BS2
£500K02/210.49 mi5a, Musgrove Road, London, Greater London SE14 5PP2
£478.9K06/230.51 mi31, Clifton Crescent, London, Greater London SE15 2RX2
£430.5K03/210.51 mi22, Clifton Crescent, London, Greater London SE15 2RX2
£418K02/210.52 mi64a, Billington Road, London, Greater London SE14 5QQ2
£342K03/210.52 mi8b, Billington Road, London, Greater London SE14 5QQ2

Local Rents

49 rents from £1.6K/mo to £3K/mo, average is £2.1K/mo.

RentDateDistanceAddressBeds 
£1,70008/240.04 miGautrey Road, London, SE152
£1,70008/240.06 miGautrey Road, Nunhead2
£2,85008/240.07 miFrobisher Place, Peckham, London, SE152
£2,85009/240.08 mi-2
£2,85008/240.08 miPioneer Centre, London, SE152
£1,85008/240.1 miGautrey Road2
£2,30003/250.11 mi-2
£1,85008/240.11 miQueens Road Peckham SE152
£2,40008/240.11 miQueens Road, Peckham, London, SE152
£1,87509/240.12 mi-2
£2,00010/240.13 mi-2
£2,10008/240.14 miAnsdell Road London SE152
£1,85002/240.17 mi-2
£3,03304/250.17 mi-2
£1,95011/240.19 mi-2
£1,85011/240.19 mi-2
£2,10008/240.19 miLavender House, London, SE152
£1,85008/240.19 miBrayards Road London SE152
£2,20008/240.19 miBrayards Road, London, SE152
£2,10008/240.19 miLugard Road London SE152
£2,35002/240.2 mi-2
£2,25002/240.2 mi-2
£2,65008/240.2 miAssembly Apartments2
£1,85008/240.21 miGibbon Road, London SE152
£2,30008/240.21 miArbuthnot Road, New cross2
£2,20004/250.21 mi-2
£1,60009/240.21 mi-2
£1,75008/240.21 miYork Grove, London2
£2,20008/240.21 miPomeroy Street New Cross SE142
£2,37501/250.22 mi-2
£2,00008/240.22 miQueens Road, Peckham, London, SE152
£2,25008/240.22 miQueens Road, Peckham2
£1,75008/240.23 miAstbury Road, Peckham, SE152
£2,15002/250.23 mi-2
£2,60008/240.24 miGellatly Road, London2
£2,25008/240.25 mi-2
£2,14508/240.25 mi139 Queens Road Peckham SE152
£1,57508/240.25 miAssembly Apartments, 24 York Grove, London, SE152
£1,55008/240.25 miWaller Road, London, SE142
£2,70002/240.27 mi-2
£1,85008/240.28 miCrewys Road, Peckham, SE152
£1,80008/240.28 miHollydale Road, Peckham, SE152
£2,05002/240.28 mi-2
£2,00008/240.29 miBurchell Road, Peckham, London, SE152
£2,30008/240.29 mi-2
£2,30004/250.29 mi-2
£2,50009/240.31 mi-2
£1,59508/240.31 miKendrick Court, 27 Woods Road, London, SE152
£1,80008/240.31 miWoods Road, Peckham, SE152

Local Area Statistics

Population in SE15

63,647

Population in London

4,771,921

Town centre distance

4.52 miles away

Nearest school

0.10 miles away

Nearest train station

0.22 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+15%

Sales demand

Balanced market

Capital growth (5yrs)

+10%

Property History

Listed for £235,000

January 23, 2025

Floor Plans

Description

  • 2 BEDROOM FLAT WITH BALCONY +
  • IN NEED OF SOME UPDATING +
  • NUNHEAD/QUEENS ROAD PECKHAM +
  • EPC AWAITED +
  • 104-YEAR LEASE +
  • GREAT LOCATION +

IN NEED OF SOME UPDATING, this 2 Bedroom Flat with Balcony, is superbly located betwixt Nunhead and Queens Road, Peckham. The accommodation briefly comprises: Lounge onto Balcony, Kitchen, 2 Bedrooms and Bathroom. The property is further complimented by a 104-YEAR LEASE. Offered Chain Free, this property would make a great First Time Purchase/Investment Property.

Service charge and ground rent TBC
London Borough of Southwark Council Tax Band C.
EPC Awaited
Tenure leasehold with 104 years remaining.

IMPORTANT NOTE TO POTENTIAL PURCHASERS & TENANTS:
We endeavour to make our particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or fact. The services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency is given. All photographs and measurements have been taken as a guide only and are not precise. Floor plans where included are not to scale and accuracy is not guaranteed. If you require clarification or further information on any points, please contact us, especially if you are traveling some distance to view. POTENTIAL PURCHASERS: Fixtures and fittings other than those mentioned are to be agreed with the seller. POTENTIAL TENANTS: All properties are available for a minimum length of time, with the exception of short term accommodation. Please contact the branch for details. A security deposit of at least one month’s rent is required. Rent is to be paid one month in advance. It is the tenant’s responsibility to insure any personal possessions. Payment of all utilities including water rates or metered supply and Council Tax is the responsibility of the tenant in most cases.

NEC250017/2

Agent Details

Your Move, New Cross

020 3835 4108

Next Steps?

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