3 Bed Terraced House, Refurb/BRRR, London, E14 3JJ, £650,000

Leerdam Drive, Canary Wharf, E14 3JJ - 3 views - 3 months ago

Refurb/BRRR
ROI: 2%
~93 m²
+2 photos

ValuationUndervalued

Sold Prices£600K - £945K
Sold Prices/m²£5.5K/m² - £11.5K/m²

 

 

Square Metres

~93 m²
Price/m²£7K/m²

Value Estimate

£669,500
BMV3%

 

 

End Value (After Refurb)

£727,701

Uplift in Value

+12%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£162,500

Stamp Duty & Legal Fees

£40,700

Refurb Costs

£49,214

Bridging Loan Interest

£17,063

Total Cash In

£271,226

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£727,701

Mortgage (After Refinance)

£545,776

Mortgage LTV

75%

Cash Released

£58,276

Cash Left In

£212,950

Equity

£181,925

Rent Range

£2,150 - £5,695

Rent Estimate

£3,539

Running Costs/mo

£3,002

Cashflow/mo

£537

Cashflow/yr

£6,446

ROI

2%

Gross Yield

7%

Local Sold Prices

50 sold prices from £600K to £945K, average is £780K. £5.5K/m² to £11.5K/m², average is £8.4K/m².

PriceDateDistanceAddressBeds 
£855K06/210.11 mi8, Isambard Mews, London, Greater London E14 3XB3
£855K06/210.11 mi8, Isambard Mews, London, Greater London E14 3XB3
£840K07/220.16 mi49, Friars Mead, London, Greater London E14 3JY3
£685K10/200.18 mi1, Chichester Way, London, Greater London E14 3EG3
£685K10/200.19 mi1, Chichester Way, London, Greater London E14 3EG3
£930K10/220.23 mi8, Sextant Avenue, London, Greater London E14 3DX3
£702K06/210.28 mi1, Hickin Street, London, Greater London E14 3LW3
£815K07/220.35 mi1, Roffey Street, London, Greater London E14 3NH3
£668.5K03/210.35 mi18, Parsonage Street, London, Greater London E14 3DB3
£650K11/210.37 mi22, Undine Road, London, Greater London E14 9UW3
£650K11/210.41 mi22, Undine Road, London, Greater London E14 9UW3
£812K03/210.51 mi5, Macquarie Way, London, Greater London E14 3AU3
£855K08/220.52 mi192, East Ferry Road, London, Greater London E14 3AY3
£660K06/210.52 mi35, Thermopylae Gate, London, Greater London E14 3AX3
£940K12/220.52 mi28, Thermopylae Gate, London, Greater London E14 3AX3
£913K09/220.52 mi222, East Ferry Road, London, Greater London E14 3AY3
£900K11/200.52 mi174, East Ferry Road, London, Greater London E14 3AY3
£920K07/230.52 mi224, East Ferry Road, London, Greater London E14 3AY3
£870K05/230.52 mi216, East Ferry Road, London, Greater London E14 3AY3
£705K02/210.56 mi162, Telegraph Place, London, Greater London E14 9XD3
£738K04/220.56 mi161, Telegraph Place, London, Greater London E14 9XB3
£750K03/210.57 mi14, Hesperus Crescent, London, Greater London E14 3AD3
£800K10/220.57 mi116, Telegraph Place, London, Greater London E14 9XD3
£791K05/230.57 mi158, Wheat Sheaf Close, London, Greater London E14 9UZ3
£800K08/220.59 mi30, Chapel House Street, London, Greater London E14 3AS3
£600K01/210.59 mi24, Chapel House Street, London, Greater London E14 3AS3
£761K09/220.64 mi32, Barnsdale Avenue, London, Greater London E14 9WR3
£600K02/210.65 mi22, Mauritius Road, London, Greater London SE10 0EQ3
£650K06/210.65 mi64, Mauritius Road, London, Greater London SE10 0EQ3
£710K09/210.66 mi21, Barnfield Place, London, Greater London E14 9YA3
£715K09/230.66 mi42, Banning Street, Greenwich, London, Greater London SE10 0NY3
£652.5K01/210.67 mi15, Kossuth Street, London, Greater London SE10 0AA3
£850K01/240.68 mi7, Azof Street, London, Greater London SE10 0EG3
£872.3K03/230.68 mi17, Azof Street, London, Greater London SE10 0EG3
£795K12/200.68 mi39, Azof Street, London, Greater London SE10 0EG3
£840K01/210.71 mi11, Pointers Close, London, Greater London E14 3AP3
£735K03/230.71 mi29, Pointers Close, London, Greater London E14 3AP3
£755.8K08/240.72 mi10, Braddyll Street, London, Greater London SE10 9AE3
£715K05/240.72 mi1, Braddyll Street, London, Greater London SE10 9AE3
£820K02/210.72 mi64, Pelton Road, London, Greater London SE10 9AH3
£640K12/220.74 mi31, Charnwood Gardens, London, Greater London E14 9WD3
£854K01/210.76 mi23, Christchurch Way, London, Greater London SE10 9AJ3
£854K08/240.76 mi33, Christchurch Way, London, Greater London SE10 9AJ3
£780K02/210.77 mi6, Magellan Place, London, Greater London E14 3QW3
£740K06/210.77 mi66, Old Woolwich Road, London, Greater London SE10 9NY3
£795.9K11/200.77 mi54, Old Woolwich Road, London, Greater London SE10 9NY3
£945K02/230.77 mi52, Old Woolwich Road, London, Greater London SE10 9NY3
£615K12/200.77 mi2, King William Lane, London, Greater London SE10 9UA3
£680K04/230.77 mi2, King William Lane, London, Greater London SE10 9UA3
£780K02/210.77 mi6, Magellan Place, London, Greater London E14 3QW3

Local Rents

50 rents from £2.1K/mo to £5.7K/mo, average is £3K/mo.

RentDateDistanceAddressBeds 
£5,69504/240.08 mi-3
£2,75003/240.11 miManchester Road, Docklands3
£2,17512/240.12 mi-3
£2,15003/250.12 mi-3
£2,15004/250.12 mi-3
£2,99002/240.12 mi-3
£2,95012/240.19 mi-3
£2,50002/250.22 mi-3
£2,50003/250.22 mi-3
£2,50003/250.22 mi-3
£2,40004/250.22 mi-3
£2,30004/250.22 mi-3
£2,30004/250.22 mi-3
£2,50012/240.22 miCross Harbour, Isle of Dogs, London3
£2,85012/240.24 mi-3
£2,49603/240.25 miSeyssel Street, E143
£5,50003/240.33 miBaltimore Wharf, London, E143
£5,35004/240.33 miBaltimore Wharf, London, E143
£2,50004/250.33 mi-3
£2,50004/250.33 mi-3
£2,50004/250.33 mi-3
£2,50004/250.33 mi-3
£2,50004/250.35 mi-3
£2,50004/250.35 mi-3
£2,50004/250.35 mi-3
£2,50004/250.35 mi-3
£2,50004/250.35 mi-3
£3,49902/250.35 mi-3
£3,80004/240.36 mi-3
£2,45012/240.36 mi-3
£3,19803/240.37 miLimeharbour, Canary Wharf3
£3,19803/240.37 miLimeharbour, Canary Wharf3
£3,75003/250.37 mi-3
£3,75003/250.37 mi-3
£2,86004/240.37 miGlengarnock Avenue,Isle of dogs, Docklands, London, E143
£2,99004/250.38 mi-3
£3,60012/240.39 mi-3
£3,08002/240.39 mi-3
£5,50004/240.39 miBaltimore Wharf, Canary Wharf, E143
£4,10403/240.4 miDollar Bay Point, Dollar Bay Place, Nr Canary Wharf, London, E143
£2,99903/240.4 miManchester Road, Canary Wharf3
£3,00001/250.4 mi-3
£3,25003/240.4 miTurnberry Quay, Crossharbour, E143
£3,00003/240.4 miPierhead Lock, 416 Manchester Road, E143
£3,95004/250.4 mi-3
£2,99903/240.41 miManchester Road, Canary Wharf3
£2,99904/240.41 miManchester Road, Canary Wharf3
£2,99904/240.41 miManchester Road, Canary Wharf3
£3,49703/240.41 miClonmel Court, Canary Wharf, London, E143
£4,30004/240.43 miArena Tower, 25 Crossharbour Plaza, London, E143

Local Area Statistics

Population in E14

79,760

Population in London

4,771,921

Town centre distance

4.84 miles away

Nearest school

0.10 miles away

Nearest train station

0.34 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-4%

Sales demand

Buyer's market

Capital growth (5yrs)

-3%

Property History

Listed for £650,000

January 29, 2025

Floor Plans

Description

  • 3 double bedrooms +
  • Private road +
  • Chain free +
  • Freehold +
  • Resident parking available +
  • Transport links to Canary Wharf +

A three-bedroom townhouse in need of modernisation, arranged over three floors and located on the sought-after Leerdam Drive. The property includes outside space with water views, wooden flooring, and resident parking.

Leerdam Drive is a private road adjacent to the Thames River, close to Mudchute Park and Crossharbour DLR Station, both of which offer good links to the City and Canary Wharf. The property is also a quarter of a mile from Canary Wharf College and the ASDA supermarket.

Tenure: Freehold
Council Tax Band: E

Information contained within this listing is for guidance only and should be checked and confirmed (prior to proceeding).

Agent Details

Waterview, Waterview Shad Thames

020 7650 5110

Next Steps?

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

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