2 Bed Flat, Refurb/BRRR, London, SE1 2AZ, £535,000

Mill Street, Bermondsey, SE1 2AZ - 7 views - 2 months ago

Leasehold
Refurb/BRRR
~68 m²
+11 photos

ValuationFair Value

Sold Prices£125K - £2.5M
Sold Prices/m²£1.7K/m² - £11.6K/m²

 

 

Square Metres

~68.11 m²
Price/m²£7.9K/m²

Value Estimate

£540,350

 

 

End Value (After Refurb)

£683,566

Uplift in Value

+28%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£133,750

Stamp Duty & Legal Fees

£31,500

Refurb Costs

£36,000

Bridging Loan Interest

£14,044

Total Cash In

£217,044

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Estimated Sale Price

£683,566

Agent Fees (1%)

£6,836

Bridging Loan

£401,250

Bridging Loan Interest

£14,044

Flip Profit

£58,436

Local Sold Prices

50 sold prices from £125K to £2.5M, average is £560K. £1.7K/m² to £11.6K/m², average is £8.8K/m².

PriceDateDistanceAddressBeds 
£470K09/230 miFlat 13, Tower Bridge Buildings, Mill Street, London, Greater London SE1 2AZ2
£875K09/230.09 miFlat 17, St. Saviours Wharf, Mill Street, London, Greater London SE1 2BE2
£540K10/210.12 mi178, Providence Square, London, Greater London SE1 2EF2
£835K09/230.13 mi10, Providence Square, London, Greater London SE1 2EA2
£880K09/210.13 mi94, Providence Square, London, Greater London SE1 2EB2
£880K08/230.13 mi57, Providence Square, London, Greater London SE1 2EB2
£822K04/210.13 mi33, Providence Square, London, Greater London SE1 2EA2
£950K06/210.13 mi74a, Providence Square, London, Greater London SE1 2EB2
£1.1M02/210.16 mi142, Providence Square, London, Greater London SE1 2ED2
£1.6M06/210.17 miFlat 12, Providence Tower, Bermondsey Wall West, London, Greater London SE16 4US2
£1.5M05/210.17 miFlat 4, Providence Tower, Bermondsey Wall West, London, Greater London SE16 4US2
£750K01/240.17 miFlat 26, Vanilla & Sesame Court, Curlew Street, London, Greater London SE1 2NN2
£565K06/230.18 miFlat 21, Parker Building, Freda Street, London, Greater London SE16 4ED2
£430K10/210.2 miFlat 148, Devon Mansions, Tooley Street, London, Greater London SE1 2NR2
£530K12/200.23 miFlat 155, Devon Mansions, Tooley Street, London, Greater London SE1 2NR2
£440K11/200.23 miFlat 10, Havisham House, Scott Lidgett Crescent, London, Greater London SE16 4UY2
£425K09/230.24 miFlat 35, Thetford House, St Saviours Estate, London, Greater London SE1 3PE2
£425K12/230.31 miFlat 9, St. Lawrence House, St Saviours Estate, London, Greater London SE1 3BY2
£391K02/230.34 miFlat 23, St. Vincent House, St Saviours Estate, London, Greater London SE1 3EA2
£480K05/210.36 miFlat 132, Matilda House, St Katharines Way, London, Greater London E1W 1LF2
£448.2K05/230.36 mi55, Whites Grounds Estate, London, Greater London SE1 3JZ2
£455K06/210.37 miFlat 104, Matilda House, St Katharines Way, London, Greater London E1W 1LF2
£420K01/210.37 miFlat 14, Matilda House, St Katharines Way, London, Greater London E1W 1LQ2
£365K02/230.37 mi45, Goodwin Close, London, Greater London SE16 3TL2
£427.5K03/230.39 mi98, Whites Grounds Estate, London, Greater London SE1 3JX2
£505K01/210.4 miFlat 4, Seville House 11 & A Half, Wapping High Street, London, Greater London E1W 1NX2
£575K01/230.4 mi33, St Katharines Way, London, Greater London E1W 1LP2
£125K02/210.42 mi61, Burr Close, London, Greater London E1W 1ND2
£375K08/210.43 mi30, Cadbury Way, London, Greater London SE16 3XB2
£555K03/230.44 mi97, Leathermarket Court, London, Greater London SE1 3HT2
£618.5K10/210.45 mi109, Thomas More Street, London, Greater London E1W 1YD2
£632K06/210.45 mi51, Thomas More Street, London, Greater London E1W 1YD2
£620K01/210.45 mi97, Thomas More Street, London, Greater London E1W 1YD2
£700K11/200.46 miFlat 34, Hermitage Court, Knighten Street, London, Greater London E1W 1PW2
£712K02/230.46 miFlat 28, Hermitage Court, Knighten Street, London, Greater London E1W 1PW2
£365K04/210.47 mi68, Lucey Way, London, Greater London SE16 3UF2
£345K02/210.47 mi42, Lucey Way, London, Greater London SE16 3UF2
£680K12/220.47 mi53, Thomas More Street, London, Greater London E1W 1YD2
£380K10/200.48 mi22, Woolstaplers Way, London, Greater London SE16 3UP2
£592.5K05/210.5 mi35, Leathermarket Court, London, Greater London SE1 3HS2
£470K06/230.52 mi64, Decima Street, London, Greater London SE1 4QQ2
£550K07/240.52 mi17, Oxford Drive, London, Greater London SE1 2FB2
£610K06/210.53 mi34, Spirit Quay, London, Greater London E1W 2UT2
£505K09/230.54 miFlat 4, Willow House, Curtis Street, London, Greater London SE1 5SL2
£2.5M07/210.54 miFlat 14, Sanderling Lodge, Star Place, London, Greater London E1W 1AJ2
£1.3M07/210.54 miFlat 32, Sanderling Lodge, Star Place, London, Greater London E1W 1AJ2
£2.5M02/230.54 miFlat 22, Sanderling Lodge, Star Place, London, Greater London E1W 1AJ2
£1.4M03/230.55 miFlat 41, Merganser Court, Star Place, London, Greater London E1W 1AQ2
£345.5K06/230.55 miFlat 11, Robert Jones House, Eveline Lowe Estate, London, Greater London SE16 3SR2
£640K06/230.56 miFlat 17, Tradewinds Court, Asher Way, London, Greater London E1W 2JB2

Local Rents

50 rents from £2K/mo to £4.2K/mo, average is £2.7K/mo.

RentDateDistanceAddressBeds 
£2,80003/250.01 mi-2
£2,80012/240.01 mi-2
£2,70012/240.02 miJamaica Road, Bermondsey2
£2,70008/240.03 mi-2
£2,74708/240.03 miScott Sufferance, Mill Street, SE12
£2,81712/240.03 miScotts Sufferance Wharf, London SE12
£2,70012/240.03 miScott Sufferance, Mill Street, SE12
£3,49712/240.03 miLloyds Wharf, Mill Street, London2
£2,00008/240.04 miLittle London Court, Mill Street, London, SE12
£3,55008/240.04 miLittle London Court Mill Street SE12
£3,55008/240.04 miLittle London Court, Mill Street, London SE12
£2,40008/240.05 mi-2
£2,40008/240.05 miArnold Estate, London, SE12
£2,81708/240.06 miSt Andrews Wharf, Shad Thames, London, SE12
£2,90012/240.06 miDockhead Wharf, London, SE12
£2,20012/240.06 mi-2
£4,15008/240.06 miJacob Street, London SE12
£3,48808/240.06 miMill Street, Shad Thames2
£3,75012/240.07 miVogans Mill Wharf, London SE12
£2,50008/240.07 miShad Thames Shad Thames SE12
£2,60008/240.07 miSt Andrews Wharf, 12 Shad Thames, London, SE12
£2,60011/230.07 miMillennium Square, Shad THames, SE12
£2,75008/240.07 miMillennium Square, London SE12
£2,74711/230.07 miShad Thames, SE12
£2,49612/240.07 miShad Thames, SE12
£2,50008/240.08 miJacob Street, London2
£2,38308/240.08 miShad Thames, London Bridge SE12
£2,19712/240.08 miArnold Estate, London2
£3,50008/240.08 miButlers & Colonial Wharf, London2
£3,03312/240.08 miProvidence Square, Southwark, London SE12
£3,40008/240.09 miSt Saviours Wharf, Mill Street, London, SE12
£3,25008/240.09 miSt Saviours Wharf, Shad Thames2
£2,89908/240.1 miProvidence Square, SE12
£2,29708/240.11 miTooley Street, London2
£2,24912/240.11 miNickleby House2
£2,24912/240.11 miNickleby House ( No living room)2
£2,00008/240.12 mi-2
£3,10012/240.12 mi-2
£3,10002/250.12 mi-2
£3,00008/240.12 miCoriander Court, Gainsford Street SE12
£2,65008/240.12 miShad Thames, London2
£2,38308/240.12 miProvidence Square, London 2
£2,70812/240.12 miProvidence Square, London, SE12
£2,79908/240.13 miThe Circle, Queen Elizabeth Street, SE12
£2,99911/230.13 miProvidence Square, Shad Thames, SE12
£3,00008/240.13 miProvidence Square, London SE12
£2,92508/240.13 miProvidence Square, London SE12
£2,29708/240.13 miProvidence Square, Shad Thames2
£2,00008/240.13 mi-2
£2,00008/240.13 miAbbey Street SE12

Local Area Statistics

Population in SE1

66,777

Population in London

4,771,921

Town centre distance

2.39 miles away

Nearest school

0.10 miles away

Nearest train station

0.41 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-1%

Sales demand

Buyer's market

Capital growth (5yrs)

-20%

Property History

Listed for £535,000

February 3, 2025

Floor Plans

Description

  • Two Bedrooms +
  • Separate Kitchen +
  • Secure Development +
  • Light and airy +
  • Modern finish renovations +
  • Enviable prime location +
  • 685 Sq ft / 63.5 sq m +
  • EPC Rating C +

This modern two bedroom apartment is recently been renovated to high standard and is ideally located within the prestigious Tower Bridge Buildings development & set moments away from the Thames.
Mill Street is set between Bermondsey and London Bridge stations and a short walk from the historic streets of Shad Thames, Maltby Street market and amenities like riverside restaurants and pubs.The building has been sympathetically renovated inside and out.

Council Tax Band: Band letter C
Lease length remaining: Approx. 91 years
Service charge: Approx: £1375 per annum
Ground Rent: Approx: £10 per annum

Council tax and, where applicable, lease information, service charges and ground rent are given as a guide only and should always be checked and confirmed by your Solicitor prior to exchange of contracts.

Agent Details

Kinleigh Folkard & Hayward - Sales, London Bridge

020 3907 3695

Next Steps?

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

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