3 Bed Terraced House, Refurb/BRRR, London, SE25 6NT, £420,000

Charnwood Road, London, SE25 6NT - 6 views - 3 months ago

Under Offer
Refurb/BRRR
ROI: 2%
~93 m²
+18 photos

ValuationFair Value

Sold Prices£325K - £680K
Sold Prices/m²£3.3K/m² - £11K/m²

 

 

Square Metres

~93 m²
Price/m²£4.5K/m²

Value Estimate

£420,000

 

 

End Value (After Refurb)

£452,499

Uplift in Value

+8%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£105,000

Stamp Duty & Legal Fees

£22,300

Refurb Costs

£49,200

Bridging Loan Interest

£11,025

Total Cash In

£189,275

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£452,499

Mortgage (After Refinance)

£339,374

Mortgage LTV

75%

Cash Released

£24,374

Cash Left In

£164,901

Equity

£113,125

Rent Range

£1,745 - £3,750

Rent Estimate

£2,220

Running Costs/mo

£1,878

Cashflow/mo

£342

Cashflow/yr

£4,103

ROI

2%

Gross Yield

6%

Local Sold Prices

50 sold prices from £325K to £680K, average is £431.3K. £3.3K/m² to £11K/m², average is £4.8K/m².

PriceDateDistanceAddressBeds 
£440K04/210 mi53, Charnwood Road, London, Greater London SE25 6NT3
£436K07/210 mi75, Charnwood Road, London, Greater London SE25 6NT3
£450K10/210.03 mi34, Charnwood Road, London, Greater London SE25 6NU3
£437.5K10/200.11 mi26, Hurlstone Road, London, Greater London SE25 6JD3
£490K07/220.13 mi13, Newhaven Road, London, Greater London SE25 6JQ3
£380K09/210.13 mi26, Rothesay Road, London, Greater London SE25 6NY3
£425K07/230.14 mi2a, Pembroke Road, London, Greater London SE25 6PB3
£437.5K02/230.15 mi3, Pembroke Road, London, Greater London SE25 6PB3
£345K07/230.16 mi28, Whitehorse Lane, London, Greater London SE25 6RE3
£560K06/210.16 mi120, Holmesdale Road, London, Greater London SE25 6HY3
£429.6K06/230.21 mi22, Saxon Road, London, Greater London SE25 5EQ3
£468K09/220.24 mi42, Ladbrook Road, London, Greater London SE25 6QD3
£370K11/210.25 mi55, Thirsk Road, London, Greater London SE25 6QG3
£405K03/210.25 mi7, Dunkeld Road, London, Greater London SE25 6QH3
£385K01/210.26 mi24, Ladbrook Road, London, Greater London SE25 6QD3
£430K10/220.3 mi42, Kynaston Road, Thornton Heath, Greater London CR7 7AY3
£452K04/220.32 mi4, Kynaston Road, Thornton Heath, Greater London CR7 7AY3
£377.5K04/210.33 mi24, Sandringham Road, Thornton Heath, Greater London CR7 7AX3
£415K12/200.36 mi17, Stuart Road, Thornton Heath, Greater London CR7 8RA3
£455K06/230.36 mi12, Kynaston Crescent, Thornton Heath, Greater London CR7 7BS3
£325K01/210.36 mi179, Ross Road, South Norwood, London, Greater London SE25 6TN3
£485K10/210.37 mi17, Dinsdale Gardens, London, Greater London SE25 6LT3
£450K02/230.37 mi2, Dinsdale Gardens, London, Greater London SE25 6LT3
£425K06/210.37 mi34, Ecclesbourne Road, Thornton Heath, Greater London CR7 7BN3
£460K06/230.37 mi67, Grange Road, Upper Norwood, London, Greater London SE25 6TH3
£480K11/210.37 mi83, Grange Road, London, Greater London SE25 6TH3
£625K05/230.38 mi11, Egerton Road, London, Greater London SE25 6RH3
£332.5K07/210.38 mi8, Pitt Road, Croydon, Greater London CR0 2QN3
£420.1K06/230.38 mi19, Wynton Gardens, London, Greater London SE25 5RS3
£340K02/210.38 mi90, Grange Park Road, Thornton Heath, Greater London CR7 8QB3
£517K02/210.39 mi52, Sangley Road, London, Greater London SE25 6QX3
£358K09/210.39 mi22, Pitt Road, Thornton Heath, Greater London CR7 7BT3
£387.5K03/210.39 mi16, Pitt Road, Thornton Heath, Greater London CR7 7BT3
£401K03/210.39 mi48, Kynaston Avenue, Thornton Heath, Greater London CR7 7BU3
£500K03/230.4 mi138, Bensham Manor Road, Thornton Heath, Greater London CR7 7AW3
£500K04/210.4 mi95, Grange Park Road, Thornton Heath, Greater London CR7 8QF3
£413K12/200.4 mi87, Grange Park Road, Thornton Heath, Greater London CR7 8QF3
£412K12/200.42 mi49, Zermatt Road, Thornton Heath, Greater London CR7 7BL3
£450K01/230.43 mi73, Woodville Road, Thornton Heath, Greater London CR7 8LN3
£430K05/210.43 mi37, Boswell Road, Thornton Heath, Greater London CR7 7RZ3
£465.5K01/230.43 mi41, Michael Road, London, Greater London SE25 6RW3
£390K11/200.44 mi165, Whitehorse Road, Croydon, Greater London CR0 2LJ3
£432.5K06/230.45 mi6, Boswell Road, Thornton Heath, Greater London CR7 7RY3
£420K11/200.45 mi40, Huntly Road, London, Greater London SE25 6QY3
£457.5K11/200.46 mi147, Ross Road, South Norwood, London, Greater London SE25 6TW3
£435K02/230.46 miIvydene, Norwich Road, Thornton Heath, Greater London CR7 8NA3
£565K02/230.47 mi31, Holmewood Road, London, Greater London SE25 6UZ3
£410K06/210.47 mi10c, Tennison Road, London, Greater London SE25 5RT3
£680K08/230.47 mi46, Tennison Road, London, Greater London SE25 5RT3
£367K03/210.48 mi18, Willow Wood Crescent, London, Greater London SE25 5PZ3

Local Rents

50 rents from £1.7K/mo to £3.8K/mo, average is £2.2K/mo.

RentDateDistanceAddressBeds 
£2,20003/240.1 miTalbot Road, THORNTON HEATH3
£2,85002/240.1 mi-3
£3,00005/240.1 mi-3
£2,75012/240.1 mi-3
£3,75012/240.1 mi-3
£2,80012/240.1 mi-3
£2,70004/250.1 mi-3
£2,40004/250.1 mi-3
£2,10003/240.12 miZion Road, Thornton Heath, Surrey, CR73
£1,90003/240.12 miZion Road, Thornton Heath, CR73
£2,20005/240.12 miTalbot Road, Thornton Heath, CR73
£2,04003/250.13 mi-3
£2,20012/240.14 mi-3
£2,00008/240.18 mi-3
£2,50004/250.18 mi-3
£2,40004/240.19 miGilsland Road, Thornton Heath, CR73
£2,40005/240.19 mi-3
£2,50012/240.2 mi-3
£1,99511/240.24 mi-3
£1,95008/240.24 mi-3
£2,10004/250.25 mi-3
£1,99901/250.25 mi-3
£1,74502/250.25 mi-3
£2,00001/250.25 mi-3
£1,95009/240.25 mi-3
£2,00008/240.25 miSouth Norwood, London, SE253
£2,00008/240.33 miWhitehorse Lane, London, SE253
£2,30008/240.33 miHolmesdale Road, London3
£2,25008/240.35 miEgerton Road, London3
£2,15012/240.36 miCoppice Yard, Bell Foundry Close, Croydon, CR03
£2,30012/240.38 miCoppice Yard, Croydon, CR03
£2,30012/240.38 miCoppice Yard, Croydon, CR03
£2,30012/240.38 miCoppice Yard, Croydon, CR03
£2,30012/240.38 miCoppice Yard, Croydon, CR03
£2,30012/240.38 miCoppice Yard, Croydon, CR03
£2,30012/240.38 miCoppice Yard, Croydon, CR03
£2,05008/240.39 miUpper Grove, South Norwood, SE253
£2,20002/240.39 mi-3
£2,10004/240.4 miBensham Manor Road, CR73
£2,10004/250.41 mi-3
£1,90002/240.42 mi-3
£2,20012/240.43 mi-3
£2,30001/250.45 mi-3
£2,00012/240.45 miPrincess Road, Croydon, CR03
£1,95001/250.46 mi-3
£3,00004/250.46 mi-3
£2,20012/240.47 mi-3
£2,20012/240.49 miBeaconsfield Road3
£2,30003/240.49 miKynaston Avenue , CR73
£2,30003/240.49 miKynaston Avenue , CR7 7BW3

Local Area Statistics

Population in SE25

34,495

Population in London

4,771,921

Town centre distance

9.18 miles away

Nearest school

0.10 miles away

Nearest train station

0.27 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-6%

Sales demand

Balanced market

Capital growth (5yrs)

+15%

Property History

Listed for £420,000

January 23, 2025

Floor Plans

Description

  • Charming period home on pretty street +
  • Neutral decor and period features +
  • Excellent transport links +
  • Development opportunities +
  • No onward chain +

This attractive, brick Victorian home is full to the brim with original features and charm. The cosy sitting room boasts a real fire, original coving and light cornice and a sash bay window with wooden window shutters. The spacious dining room has a beautiful feature fireplace with a working gas fire, and leads onto the kitchen and bathroom to the rear of the ground floor. Wooden floors run throughout the downstairs of the property. French doors lead from the dining room to a 17m West-facing garden with easy-care patio for outdoor entertaining and large lawned area. The garden boasts a brick-built, fully wired garden storage room at the end of the garden which provides a generous space that is primed to be converted into a home office or garden room.

Upstairs you'll find a spacious, light-filled master bedroom, a further good-sized double and one smaller double - all with large sash windows, feature fireplaces and storage. The open landing has a large built in cupboard for additional storage.

The property has been partly renovated and updated already and has many opportunities for further extension and renovation, including an extensive loft space and ample room to extend and reconfigure to the rear of the property.

The house is situated on a quiet road in the heart of buzzy South Norwood - a vibrant up and coming area with excellent transport links, a plethora of good schools (including the famous Brit School) and numerous green spaces.

South Norwood boasts some great pubs, independent cafes and restaurants, craft beer cabin, yoga studio, leisure centre, monthly farmer's market, and library plus Stanley Art's Centre; which has a varied theatre and gig programme. The historic Grangewood Park with tennis courts, outdoor gym and playground is on the doorstep and both Norwood lakes (with sailing lake, cricket pitch and playground) and South Norwood Recreation Ground are within easy walking distance. Selhurst Park, Crystal Palace's football ground, has a vast Sainsburys in the complex and other supermarkets are within walking distance.

Popular Crystal Palace triangle with the Everyman cinema, independent shops, bars and restaurants and famous park is a good walk or a short bus or overground ride.

Norwood Junction station, with fast trains into Central London (London Bridge 12 mins, Victoria 25 mins) and access to the overground, is easily accessible on foot and Selhurst station, also with services to London Bridge and Victoria, is just a five minute walk away. Free on street parking is available with no permit restrictions.

This property further benefits from no onward chain.

Agent Details

At Home with Hannah, London

020 4572 2739

Next Steps?

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