3 Bed Terraced House, Refurb/BRRR, London, SE28 8SN, £370,000

Floathaven Close, London, SE28 8SN - 5 views - 3 months ago

Sold STC
Refurb/BRRR
ROI: 3%
~93 m²
+3 photos

ValuationFair Value

Sold Prices£250K - £480K
Sold Prices/m²£2.3K/m² - £5.6K/m²

 

 

Square Metres

~93 m²
Price/m²£4K/m²

Value Estimate

£377,400

 

 

End Value (After Refurb)

£443,864

Uplift in Value

+20%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£92,500

Stamp Duty & Legal Fees

£18,300

Refurb Costs

£49,155

Bridging Loan Interest

£9,713

Total Cash In

£171,418

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£443,864

Mortgage (After Refinance)

£332,898

Mortgage LTV

75%

Cash Released

£55,398

Cash Left In

£116,020

Equity

£110,966

Rent Range

£1,075 - £5,000

Rent Estimate

£2,306

Running Costs/mo

£1,868

Cashflow/mo

£438

Cashflow/yr

£5,253

ROI

3%

Gross Yield

7%

Local Sold Prices

50 sold prices from £250K to £480K, average is £357.5K. £2.3K/m² to £5.6K/m², average is £4.1K/m².

PriceDateDistanceAddressBeds 
£396K06/230 mi71, Floathaven Close, London, Greater London SE28 8SN3
£350K03/210 mi51, Floathaven Close, London, Greater London SE28 8SN3
£405K11/220 mi50, Floathaven Close, London, Greater London SE28 8SN3
£375K06/210.1 mi6, Courtauld Close, London, Greater London SE28 8RH3
£415K01/220.12 mi24, Hutchins Road, London, Greater London SE28 8SA3
£352K11/210.14 mi55, Birchdene Drive, London, Greater London SE28 8RN3
£440K06/210.17 mi72, Newmarsh Road, London, Greater London SE28 8TG3
£415K05/230.19 mi1, Grasshaven Way, London, Greater London SE28 8TH3
£415K10/220.24 mi31, Waldstock Road, London, Greater London SE28 8SF3
£385K06/210.28 mi107, Epstein Road, London, Greater London SE28 8DQ3
£385K06/210.28 mi107, Epstein Road, London, Greater London SE28 8DQ3
£385K06/210.28 mi107, Epstein Road, London, Greater London SE28 8DQ3
£325K02/210.33 mi13, Marathon Way, London, Greater London SE28 0JJ3
£345K01/210.39 mi5, Bellarmine Close, London, Greater London SE28 0JG3
£320K04/210.41 mi56, Austen Close, London, Greater London SE28 8AZ3
£425K10/210.42 mi103, Kentlea Road, London, Greater London SE28 0JF3
£310K06/210.44 mi53, Tawney Road, London, Greater London SE28 8EF3
£392K05/230.46 mi19, Devenish Road, London, Greater London SE2 9DA3
£390K10/210.46 mi12, Devenish Road, London, Greater London SE2 9DA3
£285K03/210.46 mi39, Booth Close, London, Greater London SE28 8BW3
£400K12/220.47 mi12, Littlemore Road, London, Greater London SE2 9DG3
£310K12/210.48 mi13, Leonard Robbins Path, London, Greater London SE28 8ED3
£250K10/200.48 mi17, Passfield Path, London, Greater London SE28 8BT3
£350K06/210.48 mi155, Panfield Road, London, Greater London SE2 9BY3
£305K06/210.5 mi51, Cole Close, London, Greater London SE28 8AX3
£480K04/210.51 mi42, New Acres Road, London, Greater London SE28 0LB3
£366K11/220.52 mi5, Disraeli Close, London, Greater London SE28 8AP3
£360K03/210.54 mi61, Grovebury Road, London, Greater London SE2 9BB3
£405K01/230.55 mi57, Ampleforth Road, London, Greater London SE2 9BD3
£297.5K05/210.56 mi9, Nassau Path, London, Greater London SE28 8AN3
£345K01/210.57 mi48, Cookhill Road, London, Greater London SE2 9PB3
£360K03/230.58 mi14, Owen Close, London, Greater London SE28 8AL3
£355K01/210.58 mi178, Church Manorway, London, Greater London SE2 9DP3
£340K12/200.58 mi10, Battery Road, London, Greater London SE28 0JS3
£350K01/210.59 mi27, Kentlea Road, London, Greater London SE28 0JR3
£382.5K01/210.59 mi33, New Acres Road, London, Greater London SE28 0LD3
£375K12/200.59 mi119, Peterstone Road, London, Greater London SE2 9XZ3
£340K01/210.59 mi29, Manister Road, London, Greater London SE2 9PJ3
£355K01/210.6 mi32, Ampleforth Road, London, Greater London SE2 9BL3
£350.5K01/210.6 mi38, Ampleforth Road, London, Greater London SE2 9BL3
£323.1K03/210.6 mi298, Greenhaven Drive, London, Greater London SE28 8FY3
£335K10/200.66 mi2, Aisher Road, London, Greater London SE28 8LH3
£387K07/210.67 mi8, Martin Street, London, Greater London SE28 0JB3
£440K05/230.68 mi68, Edington Road, London, Greater London SE2 9JT3
£345K05/210.69 mi106, Ampleforth Road, London, Greater London SE2 9BH3
£325K01/210.7 mi2, Felixstowe Road, London, Greater London SE2 9QW3
£400K06/210.71 mi169, Greenhaven Drive, Thamesmead, London, Greater London SE28 8FU3
£351K05/210.71 mi19, Poplar Place, London, Greater London SE28 8BA3
£292K12/200.71 mi51, Poplar Place, London, Greater London SE28 8BA3
£417K12/220.71 mi24, Whimbrel Close, London, Greater London SE28 8HX3

Local Rents

31 rents from £1.1K/mo to £5K/mo, average is £2K/mo.

RentDateDistanceAddressBeds 
£1,94501/250.12 mi-3
£2,10003/250.12 mi-3
£3,50008/240.18 mi-3
£2,50008/240.19 miVousden Grove, London, SE283
£2,70009/240.19 miVousden Grove, London, SE283
£1,90008/240.19 miGrasshaven Way, London, SE283
£1,80008/240.22 miWaldstock Road, London, SE283
£1,90008/240.23 miNewmarsh Road, Thamesmead3
£1,97508/240.23 miEpstein Road , Central Thamesmead3
£2,47509/240.32 mi-3
£2,40003/250.32 mi-3
£5,00003/250.32 mi-3
£2,00010/240.4 mi-3
£3,70001/250.44 mi-3
£2,70003/250.45 mi-3
£2,40004/250.45 mi-3
£1,95008/240.46 miMarshall Path, London, SE283
£1,95008/240.46 mi-3
£1,95008/240.46 mi-3
£2,00010/240.49 mi-3
£1,80008/240.56 mi-3
£1,80008/240.56 mi-3
£2,00008/240.56 mi-3
£2,50008/240.56 mi-3
£2,00009/240.56 mi-3
£2,10008/240.57 mi-3
£3,46712/240.58 mi-3
£2,00001/250.61 mi-3
£2,17510/240.62 mi-3
£1,07510/240.62 mi-3
£2,17508/240.62 miPeterstone Road, London, SE23

Local Area Statistics

Population in SE28

29,318

Population in London

4,771,921

Town centre distance

9.21 miles away

Nearest school

0.10 miles away

Nearest train station

1.10 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+11%

Sales demand

Balanced market

Capital growth (5yrs)

+16%

Property History

Listed for £370,000

January 30, 2025

Floor Plans

Description

  • 3/4 bedroom house requiring some refurbishment +
  • Living room plus second reception/bedroom 4 +
  • Master bedroom with en suite shower +
  • Two further good sized bedrooms +
  • Family bathroom +
  • Garage +
  • No ongoing chain +

In need of some refurbishment, an ideal opportunity to purchase a modern, end-of-terrace 3/4 bedroom house on the edge of this popular estate in the Central Thamesmead area, within easy reach of the shopping centre and buses to Abbey Wood station.

Agent Details

Simon & Simon, Kingston Upon Thames

020 3835 6455

Next Steps?

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