6 Bed HMO, London, SE16 2TU £895,000

66 Lower Road, London, SE16 2TU - 5 views - 9 months ago
Sold STC
HMO
Planning
Outside Article 4
ROI: 5%
~116 m²
Property image

ValuationFair Value

Sold Prices£650K - £3.5M
Sold Prices/m²£5.4K/m² - £41.4K/m²

 

 

Square Metres

~115.57 m²
Price/m²£7.7K/m²

Value Estimate

£895,892

 

 

End Value (After Refurb)

£920,772

Uplift in Value

+3%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£223,750

Stamp Duty & Legal Fees

£80,700

Refurb Costs

£67,216

Bridging Loan Interest

£23,494

Total Cash In

£396,910

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£920,772

Mortgage (After Refinance)

£690,579

Mortgage LTV

75%

Cash Released

£19,329

Cash Left In

£377,581

Equity

£230,193

Room Rate

£1,144

Gross Rent

£6,864

Running Costs/mo

£5,205

Cashflow/mo

£1,659

Cashflow/yr

£19,905

ROI

5%

Gross Yield

9%

Local Sold Prices

50 sold prices from £650K to £3.5M, average is £1.8M. £5.4K/m² to £41.4K/m², average is £8.2K/m².

Price
Date
Distance
Address
Beds
 
£1.2M11/220.48 mi13, Drake Close, London, Greater London SE16 6RS6
£975K05/251.41 mi117, Ashfield Street, London E1 3EX6
£1.6M04/241.65 mi20, Pepys Road, London SE14 5SB6
£1.6M04/241.65 mi20, Pepys Road, London SE14 5SB6
£1.6M04/241.66 mi20, Pepys Road, London, Greater London SE14 5SB6
£1.8M10/241.83 mi59, Arbuthnot Road, London SE14 5NP6
£650K02/231.87 mi31, Manchester Road, London, Greater London E14 3BD6
£1.9M02/252 mi32, Denman Road, London SE15 5NP6
£1.9M02/252 mi32, Denman Road, London SE15 5NP6
£1.3M06/212.1 mi143, Camberwell Road, London, Greater London SE5 0HB6
£1.5M02/242.1 mi120, Pepys Road, London SE14 5SG6
£1.5M02/242.1 mi120, Pepys Road, London, Greater London SE14 5SG6
£2.0M08/222.22 mi92, Grove Park, London SE5 8LE6
£2.0M08/222.22 mi92, Grove Park, London SE5 8LE6
£990K09/212.23 mi26, St Asaph Road, London, Greater London SE4 2EJ6
£2.0M08/222.24 mi92, Grove Park, London, Greater London SE5 8LE6
£3.3M09/212.32 mi49, Grove Park, London, Greater London SE5 8LG6
£3.3M09/212.33 mi49, Grove Park, London SE5 8LG6
£3.3M09/212.33 mi49, Grove Park, London SE5 8LG6
£1.9M01/242.33 mi28, Gloucester Circus, London, Greater London SE10 8RY6
£1.6M06/242.33 mi29, Gloucester Circus, London, Greater London SE10 8RY6
£1.3M07/252.34 mi41, Dundalk Road, London SE4 2JJ6
£3.5M07/232.43 mi30, Hyde Vale, London, Greater London SE10 8QH6
£1.4M06/232.45 mi9, Pearman Street, London, Greater London SE1 7RB6
£3.5M07/232.45 mi30, Hyde Vale, London SE10 8QH6
£3.5M07/232.45 mi30, Hyde Vale, London SE10 8QH6
£1.4M06/232.45 mi9, Pearman Street, London SE1 7RB6
£2.6M09/212.46 mi5, Diamond Terrace, London, Greater London SE10 8QN6
£2.6M03/242.48 mi68, Tressillian Road, London SE4 1YD6
£1.7M06/222.49 mi14, Knatchbull Road, London SE5 9QS6
£1.7M06/222.49 mi14, Knatchbull Road, London SE5 9QS6
£1.7M06/222.5 mi14, Knatchbull Road, London, Greater London SE5 9QS6
£1.9M04/222.53 mi30, Flodden Road, London, Greater London SE5 9LH6
£1.5M05/232.6 mi14, Calais Street, London, Greater London SE5 9LP6
£1.2M05/212.64 mi30, Oakhurst Grove, London, Greater London SE22 9AQ6
£3.0M12/222.67 mi52, Champion Hill, London SE5 8BS6
£3.0M12/222.67 mi52, Champion Hill, London SE5 8BS6
£3.0M09/222.67 mi25, Champion Hill, London SE5 8AL6
£3.0M09/222.67 mi25, Champion Hill, London SE5 8AL6
£3.0M09/222.68 mi25, Champion Hill, London, Greater London SE5 8AL6
£3.0M12/222.7 mi52, Champion Hill, London, Greater London SE5 8BS6
£1.8M08/232.72 mi1, Elsie Road, London, Greater London SE22 8DX6
£910K03/252.75 mi23, East Dulwich Grove, London SE22 8PW6
£1.8M02/232.78 mi11, Eliot Hill, London, Greater London SE13 7EB6
£1.8M07/242.82 mi4, St Austell Road, London, Greater London SE13 7EQ6
£3.0M08/222.83 mi29, Westcombe Park Road, London, Greater London SE3 7RE6
£1.6M07/222.84 mi3, Walerand Road, London, Greater London SE13 7PE6
£1.7M03/232.85 mi42, Vanbrugh Hill, London, Greater London SE3 7UF6
£1.2M07/242.86 mi105, Burton Road, London SW9 6TF6
£1.7M09/232.86 mi11, Oakcroft Road, Blackheath, London SE13 7ED6

Local Area Statistics

Population in SE16

45,831

Population in London

4,771,921

Town centre distance

3.14 miles away

Nearest school

0.10 miles away

Nearest train station

0.18 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-28%

Sales demand

Seller's market

Capital growth (5yrs)

-3%

Property History

Listed for £895,000

February 5, 2025

Floor Plans

Property image

Description

  • Victorian townhouse +
  • Arranged over three levels +
  • Six bedrooms or four with two receptions +
  • South west facing rear garden +
  • Off street parking to front +
  • Ideal HMO or conversion to family home +
  • Freehold house offered chain free +
  • Council tax band D. EPC rating C +

Wonderfully spacious and attractive six bedroom Victorian home situated in this sought after location on the Canada Water/Rotherhithe borders.

Victorian townhouse which offers substantial and flexible accommodation arranged over three levels. The ground floor offers an entrance hall, two bedrooms (previously reception rooms) with high ceilings, two shower rooms and a kitchen/diner to the rear with double doors to the rear garden. The first floor features two double bedrooms, one of which is ensuite and a further family bathroom. The top level comprises of a further two double bedrooms, with one en-suite.

The lovely rear garden offers a calm and secluded place to relax. This is a real sun trap as it faces the perfect south westerly direction.

The property is conveniently positioned within short walking distance of the Thames, Surrey Quays Shopping Centre, the new urban centre development at Canada Water, and the attractions of the 63 acre Southwark Park with its lake, sports facilities, childrens play area, bandstand and cafe. Located just 0.2 miles to walk to Canada Water station, given easy access to Canary Wharf ,London Bridge, Westminster and the West End.

The property has been successfully let for a number of years and has an HMO license with Southwark Council. It offers an excellent rental yield for potential investors or a fabulous opportunity for redevelopment back into a family home. There may also be an opportunity to extend the large kitchen (subject to planning permission). Plenty of potential in this superbly located property!

Freehold. Offered for sale chain free. Council tax band D. EPC rating C

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

Independent London, London

020 3872 3600

Next Steps?

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