2 Bed Flat, Cash/Bridging Only, London, SW16 2DE, £365,000

74 Madeira Road, LONDON, SW16, SW16 2DE - 9 views - 3 months ago

Auction
Cash
ROI: 6%
22 m²
+6 photos

ValuationOvervalued

Sold Prices£270K - £761.5K
Sold Prices/m²£4.1K/m² - £10K/m²

 

 

Square Metres

22 m²
Price/m²£16.6K/m²

Value Estimate

£156,312

 

 

End Value (After Refurb)

£318,750

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£91,250

Stamp Duty & Legal Fees

£17,900

Refurb Costs

£11,642

Bridging Loan Interest

£9,581

Total Cash In

£132,123

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£318,750

Mortgage (After Refinance)

£239,063

Mortgage LTV

75%

Cash Left In

£132,123

Equity

£79,688

Rent Range

£1,200 - £4,590

Rent Estimate

£2,099

Running Costs/mo

£1,436

Cashflow/mo

£663

Cashflow/yr

£7,957

ROI

6%

Gross Yield

7%

Local Sold Prices

51 sold prices from £270K to £761.5K, average is £390.5K. £4.1K/m² to £10K/m², average is £7.1K/m².

PriceDateDistanceAddressBeds 
£272.5K02/210.1 mi87, Hopton Road, London, Greater London SW16 2EL2
£385K08/230.13 miFlat 6, Merton Lodge, Farnan Road, London, Greater London SW16 2EY2
£365K09/210.17 mi18b, Wellfield Road, London, Greater London SW16 2BP2
£542K12/200.19 miGround Floor Flat, 49, Gleneldon Road, Streatham, London, Greater London SW16 2AX2
£364.3K08/210.2 mi25a, Oakdale Road, London, Greater London SW16 2HJ2
£426K11/200.21 miFlat 8, Newlands Court, Streatham Common North, London, Greater London SW16 3HH2
£425K07/230.26 mi138, Wellfield Road, Streatham, London, Greater London SW16 2BU2
£420K11/210.28 miFlat 3, 94, Gleneagle Road, London, Greater London SW16 6AF2
£538K02/210.29 mi35, Fernwood Avenue, London, Greater London SW16 1RD2
£500K08/230.29 mi25, Angles Road, London, Greater London SW16 2UU2
£500K08/230.29 mi25, Angles Road, London, Greater London SW16 2UU2
£340K09/210.3 miFlat A, 27, Tooting Bec Gardens, London, Greater London SW16 1QY2
£317.8K11/200.31 mi19, Deerhurst Road, London, Greater London SW16 2AN2
£322.5K02/210.32 mi38c, Pinfold Road, London, Greater London SW16 2SN2
£327K10/210.32 miFlat 6, Clive Court, Babington Road, London, Greater London SW16 6AL2
£761.5K05/210.32 mi29, Streatham Common North, London, Greater London SW16 3HP2
£387K03/210.34 miFlat 22, Elphinstone Court, Barrow Road, Streatham, London, Greater London SW16 5NG2
£755K04/210.37 mi33, Hambro Road, London, Greater London SW16 6JD2
£445K06/210.39 mi75, Natal Road, Streatham, London, Greater London SW16 6JA2
£615K11/210.4 mi1, Thirlmere Road, London, Greater London SW16 1QW2
£592.5K08/230.41 mi5, Harborough Road, London, Greater London SW16 2XP2
£590K05/210.42 miFlat A, 182, Gleneagle Road, Streatham, London, Greater London SW16 6BA2
£455K07/230.43 mi139b, Gleneagle Road, Streatham, London, Greater London SW16 6AZ2
£507K08/230.43 mi151, Gleneagle Road, Streatham, London, Greater London SW16 6AZ2
£408.5K10/210.43 mi97, Pathfield Road, London, Greater London SW16 5PA2
£558K11/200.44 mi62, Barrow Road, London, Greater London SW16 5PG2
£535K01/210.47 mi33, Woodleigh Gardens, London, Greater London SW16 2SX2
£320K09/210.49 miFlat 22, Howland House, Leigham Avenue, London, Greater London SW16 2TG2
£320K11/200.5 miFlat 14, Grierson House, Aldrington Road, London, Greater London SW16 1TN2
£321.5K01/210.5 miFlat 10, Grierson House, Aldrington Road, London, Greater London SW16 1TN2
£400K02/210.51 miFlat B, 18, Baldry Gardens, London, Greater London SW16 3DJ2
£360K04/210.53 miFlat 3, Holmleigh Court, Leigham Avenue, London, Greater London SW16 2PX2
£450K05/230.53 miFlat 16, Holmleigh Court, Leigham Avenue, London, Greater London SW16 2PX2
£390.5K04/230.54 miFlat 25, The High, Streatham High Road, London, Greater London SW16 1HE2
£315K03/210.54 miFlat 64, Benhurst Court, Leigham Court Road, Streatham, London, Greater London SW16 2QW2
£297K03/210.54 miFlat 51, Benhurst Court, Leigham Court Road, Streatham, London, Greater London SW16 2QW2
£275K08/210.54 miFirst Floor Flat, 48, Greyhound Lane, London, Greater London SW16 5RP2
£527.3K03/210.54 mi95b, Kingscourt Road, London, Greater London SW16 1JA2
£325K01/210.55 mi17, Fawcett Close, London, Greater London SW16 2QJ2
£270K05/230.55 mi7, Fawcett Close, London, Greater London SW16 2QJ2
£325K07/230.55 mi22, Fawcett Close, London, Greater London SW16 2QJ2
£332.5K03/230.55 mi14, Fawcett Close, London, Greater London SW16 2QJ2
£324.3K12/200.56 miFlat 9, Busby House, Aldrington Road, London, Greater London SW16 1TZ2
£315K06/210.56 miFlat 13, Benhurst Court, Leigham Court Road, Streatham, London, Greater London SW16 2QN2
£320K03/230.56 miFlat 28, Benhurst Court, Leigham Court Road, Streatham, London, Greater London SW16 2QN2
£442K02/210.57 miFlat 28, Endsleigh Mansions, Leigham Avenue, London, Greater London SW16 2DP2
£448K06/210.57 miFlat 26, Endsleigh Mansions, Leigham Avenue, London, Greater London SW16 2DP2
£352.5K12/200.59 miFlat 10, Shelburne House, Fayland Avenue, London, Greater London SW16 1SX2
£420K06/210.59 mi48a, Westcote Road, London, Greater London SW16 6BW2
£327.5K10/210.6 miSecond Floor Flat, 75, Norfolk House Road, London, Greater London SW16 1JQ2
£487K01/210.6 mi25, Mount Ephraim Lane, London, Greater London SW16 1JE2

Local Rents

50 rents from £1.2K/mo to £4.6K/mo, average is £2K/mo.

RentDateDistanceAddressBeds 
£1,20004/250.04 mi-2
£1,65009/240.08 mi-2
£1,80009/240.08 miStanthorpe Road, London, SW16 2DY2
£1,99509/240.09 miRutford Road, Streatham, SW162
£2,50002/250.09 mi-2
£4,59009/240.11 mi-2
£3,80011/240.11 mi-2
£2,10009/240.12 mi-2
£1,69904/250.12 mi-2
£2,00008/240.13 mi-2
£1,85009/240.14 miGleneldon Road, Streatham2
£1,85009/240.14 miStanthorpe Road, Streatham2
£1,85004/250.14 mi-2
£1,80003/250.17 mi-2
£1,75011/240.17 mi-2
£1,70002/250.17 mi-2
£2,10003/250.17 mi-2
£2,10002/250.17 mi-2
£2,10002/250.17 mi-2
£2,10004/250.17 mi-2
£2,20009/240.17 mi-2
£2,00009/240.17 mi-2
£2,15002/250.19 mi-2
£2,10010/240.19 mi-2
£1,80009/240.2 miGleneagle Road, London2
£2,30002/240.2 mi-2
£1,85011/240.21 mi-2
£1,75009/240.21 mi-2
£1,75010/240.21 mi-2
£1,95001/250.23 mi-2
£2,15002/240.23 mi-2
£2,20002/250.23 mi-2
£2,10012/240.23 mi-2
£2,20009/240.24 miValley Road, Streatham2
£2,10012/240.24 mi-2
£2,10009/240.24 miDerry Court, Streatham High Road, London, SW162
£2,20009/240.25 miSunnyhill Road, Streatham2
£1,70009/240.25 miGleneagle Road, Streatham, SW162
£1,90001/250.26 mi-2
£2,10009/240.26 miValley Road, Streatham2
£2,00009/240.26 miAmbleside Gardens London SW162
£2,20012/240.26 mi-2
£1,99512/240.26 mi-2
£1,75009/240.26 miOakdene Court, Streatham2
£1,75002/250.27 mi-2
£2,20009/240.27 mi-2
£1,55009/240.28 miValley Road2
£1,75009/240.28 miEllora Road, Streatham2
£2,35009/240.28 mi-2
£2,35009/240.28 miDerry Court, London, SW162

Local Area Statistics

Population in SW16

81,543

Population in London

4,771,921

Town centre distance

7.06 miles away

Nearest school

0.20 miles away

Nearest train station

0.17 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+16%

Sales demand

Balanced market

Capital growth (5yrs)

+17%

Property History

Listed for £365,000

February 3, 2025

Floor Plans

Description

  • Modern Method of Auction +
  • Available to mortgage as well as cash buyers +
  • Private Rear Garden +
  • 0.2 Miles to Streatham Train Station +
  • Share of Freehold +
  • Victorian Conversion +

Situated on a popular tree lined road within the heart of Streatham Wells and 0.2 miles from Streatham Train Station and The High Road.

Access to the flat is via a communal entrance and accommodation is comprised of a double bedroom at the front with the kitchen separate to the reception room and a door from the reception room leading to side access to the garden. Continue down the hallway for the main bathroom and towards the rear of the property you will find another double bedroom with an en suit shower room and doors opening directly onto the West facing rear garden.

This property is for sale by the Modern Method of Auction, meaning the buyer and seller are to Complete within 56 days (the "Reservation Period"). Interested parties personal data will be shared with the Auctioneer (iamsold). If considering buying with a mortgage, inspect and consider the property carefully with your lender before bidding. A Buyer Information Pack is provided. The winning bidder will pay £349.00 including VAT for this pack which you must view before bidding. The buyer signs a Reservation Agreement and makes payment of a non-refundable Reservation Fee of 4.50% of the purchase price including VAT, subject to a minimum of £6,600.00 including VAT. This is paid to reserve the property to the buyer during the Reservation Period and is paid in addition to the purchase price. This is considered within calculations for Stamp Duty Land Tax.

The reservation fee is what secures the transaction and takes the property off the market. The legal Pack can be downloaded for free from the auction website or requested from our Auction Department. Please note this property is subject to an undisclosed Reserve Price, which is generally no more than 10% more than the advertised start price. Both the starting price and reserve price can be subject to change. Terms and conditions apply to the Modern Method of Auction, which is operated by iam-sold Ltd on behalf of Andrews Property Group.

Agent Details

Andrews Estate Agents, Streatham

020 3835 2568

Next Steps?

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

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