2 Bed Flat, Refurb/BRRR, London, SE12 8TJ, £150,000

Eltham Road, Lee, SE12 8TJ - 20 views - 3 months ago

Leasehold
Auction
Refurb/BRRR
ROI: 4%
~68 m²
+6 photos

ValuationFair Value

Sold Prices£187.5K - £685K
Sold Prices/m²£3.9K/m² - £10.3K/m²

 

 

Square Metres

~68.11 m²
Price/m²£2.2K/m²

Value Estimate

£153,000

 

 

End Value (After Refurb)

£347,874

Uplift in Value

+132%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£37,500

Stamp Duty & Legal Fees

£5,700

Refurb Costs

£36,010

Bridging Loan Interest

£3,938

Total Cash In

£84,897

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Estimated Sale Price

£347,874

Agent Fees (1%)

£3,479

Bridging Loan

£112,500

Bridging Loan Interest

£3,938

Flip Profit

£146,998

Local Sold Prices

50 sold prices from £187.5K to £685K, average is £350K. £3.9K/m² to £10.3K/m², average is £5K/m².

PriceDateDistanceAddressBeds 
£370K11/200.09 mi123, Carston Close, London, Greater London SE12 8DX2
£330K06/210.13 mi31, Carston Close, London, Greater London SE12 8DY2
£205K11/210.13 mi81, Burnt Ash Road, London, Greater London SE12 8RF2
£367K06/210.13 mi45a, Burnt Ash Road, London, Greater London SE12 8RF2
£350K06/230.13 mi79, Burnt Ash Road, London, Greater London SE12 8RF2
£375K11/200.18 mi4, Dorville Road, London, Greater London SE12 8EB2
£425K03/230.18 mi70, Leyland Road, London, Greater London SE12 8DP2
£350K03/210.21 mi16, Alanthus Close, London, Greater London SE12 8RE2
£362K03/230.22 miFlat 7, Riverside Court, Lee Road, London, Greater London SE3 9DG2
£415K05/230.29 mi96b, Burnt Ash Road, London, Greater London SE12 8PU2
£340K01/230.29 miGround Floor Flat, 98, Burnt Ash Road, London, Greater London SE12 8PU2
£333.5K12/220.32 mi22, Courtlands Avenue, London, Greater London SE12 8HZ2
£330K06/210.32 mi12, Courtlands Avenue, London, Greater London SE12 8HZ2
£408K04/210.32 mi20, Courtlands Avenue, London, Greater London SE12 8HZ2
£357K06/230.32 mi28, Courtlands Avenue, London, Greater London SE12 8HZ2
£337.5K04/210.35 mi30, Lyme Farm Road, London, Greater London SE12 8JE2
£335K03/210.35 mi12, Lyme Farm Road, London, Greater London SE12 8JE2
£385K02/210.36 mi192, Courtlands Avenue, London, Greater London SE12 8JD2
£350K01/230.38 mi121, Eltham Road, London, Greater London SE12 8UG2
£360K05/230.38 mi63, Courtlands Avenue, London, Greater London SE12 8JJ2
£255K11/200.38 mi81, Courtlands Avenue, London, Greater London SE12 8JJ2
£255K11/200.38 mi81, Courtlands Avenue, London, Greater London SE12 8JJ2
£400K01/230.38 mi55, Courtlands Avenue, London, Greater London SE12 8JJ2
£335K09/210.4 mi38, Southbourne Gardens, London, Greater London SE12 8UQ2
£340K11/200.42 mi139, Lyme Farm Road, London, Greater London SE12 8JH2
£360K03/230.42 mi135, Lyme Farm Road, London, Greater London SE12 8JH2
£360K06/210.42 mi32, Fairby Road, London, Greater London SE12 8JR2
£360K06/210.42 mi32, Fairby Road, London, Greater London SE12 8JR2
£500K04/230.44 mi156a, Manor Lane, London, Greater London SE12 8LP2
£490K01/210.44 mi144a, Manor Lane, London, Greater London SE12 8LP2
£320K03/210.44 mi145, Lyme Farm Road, London, Greater London SE12 8JH2
£248K01/210.45 miFlat 49, Woodstock Court, Burnt Ash Hill, London, Greater London SE12 9HT2
£265K03/210.45 miFlat 56, Woodstock Court, Burnt Ash Hill, London, Greater London SE12 9HT2
£270K05/230.45 miFlat 30, Woodstock Court, Burnt Ash Hill, London, Greater London SE12 9HT2
£434K06/210.5 mi272, Leahurst Road, London, Greater London SE13 5LT2
£413K11/230.5 miFlat B, 300, Leahurst Road, London, Greater London SE13 5LT2
£303K06/230.51 mi30q, Burnt Ash Hill, London, Greater London SE12 0JL2
£685K07/230.54 mi60, Lee Park, Blackheath, London, Greater London SE3 9HZ2
£300K11/200.55 mi50d, Burnt Ash Hill, London, Greater London SE12 0JW2
£325K04/210.55 mi15, Dacre Park, London, Greater London SE13 5SQ2
£340K10/230.55 mi39a, Boone Street, London, Greater London SE13 5SE2
£537.5K11/200.56 mi50, Tizzard Grove, London, Greater London SE3 9DH2
£330K09/210.56 mi20, Casterbridge Road, London, Greater London SE3 9AH2
£340K06/210.56 mi2, Casterbridge Road, London, Greater London SE3 9AH2
£295K04/210.58 mi10, Stoneycroft Close, London, Greater London SE12 0SL2
£320K07/210.58 mi54, Stoneycroft Close, London, Greater London SE12 0SL2
£187.5K05/210.59 miFlat 2, Rowan Court, Burnt Ash Hill, London, Greater London SE12 0HS2
£651.5K06/210.59 mi27, Lock Chase, London, Greater London SE3 9HB2
£485K11/210.6 mi1a, Birch Grove, London, Greater London SE12 0SS2
£370.5K03/230.63 mi21, Northbrook Road, London, Greater London SE13 5QT2

Local Rents

49 rents from £1.6K/mo to £2.5K/mo, average is £1.9K/mo.

RentDateDistanceAddressBeds 
£1,65001/250 mi-2
£1,95008/240.04 mi-2
£1,75008/240.07 mi-2
£1,80012/240.09 mi-2
£1,80004/250.1 mi-2
£1,55008/240.1 mi-2
£1,55010/240.1 mi-2
£1,55011/240.1 mi-2
£1,55012/240.1 mi-2
£2,20003/250.1 mi-2
£1,82508/240.1 miEltham Road London SE122
£1,95008/240.13 miCarston Close, Lee2
£1,75002/240.13 mi-2
£1,90002/240.14 mi-2
£2,00012/240.15 mi-2
£1,90012/240.16 mi-2
£2,20003/250.17 mi-2
£1,95010/240.18 mi-2
£1,80010/240.18 mi-2
£1,80011/240.18 mi-2
£1,70011/240.18 mi-2
£1,85010/240.19 mi-2
£1,75010/240.19 mi-2
£1,80008/240.22 miAlanthus Close, Lee, London, SE122
£2,10003/250.24 mi-2
£2,20003/250.24 mi-2
£2,10012/240.25 miBlackheath Gate, 78 Meadowcourt Road, London, SE32
£1,75008/240.26 miHedgley Mews Lee SE122
£2,50011/230.26 miMeadowcourt Road, Blackheath, London, SE32
£1,70008/240.29 miBurnt Ash Road Lee SE122
£2,00008/240.29 miMetcalfe Court, John Harrison Way, LONDON, SE102
£1,65008/240.29 miFenn Mansions, 20 Love Lane, Woolwich, SE182
£1,90008/240.29 miMetcalfe Court, John Harrison Way, LONDON, SE102
£2,20008/240.29 miWest Parkside, Greenwich, London, SE102
£2,20008/240.29 miBecquerel Court, West Parkside, Greenwich, SE102
£2,40008/240.29 miBessemer Place, Greenwich, LONDON, SE102
£2,00008/240.29 miWest Parkside , Greenwich, London, SE102
£2,00012/240.3 miQuaggy Walk,London,SE32
£1,75009/240.31 mi-2
£2,00012/240.31 mi-2
£1,70004/250.31 mi-2
£2,00008/240.32 miSoutbrook Road, Lee, London, SE12 8LH2
£1,95008/240.34 miMicheldever Road, London, SE122
£2,50001/250.35 mi-2
£2,30002/250.35 mi-2
£2,40004/250.35 mi-2
£1,60010/240.35 mi-2
£1,65010/240.35 mi-2
£1,70008/240.35 miEltham Road, Lee2

Local Area Statistics

Population in SE12

27,353

Population in London

4,771,921

Town centre distance

7.22 miles away

Nearest school

0.10 miles away

Nearest train station

0.35 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+3%

Sales demand

Balanced market

Capital growth (5yrs)

+15%

Property History

Listed for £150,000

February 5, 2025

Floor Plans

Description

  • FOR SALE BY ONLINE AUCTION +
  • 6 WEEKS’ COMPLETION +
  • 9th Floor Apartment +
  • Two bedrooms +
  • Requires refurbishment +
  • Vacant leasehold +
  • Good investment potential +

A vacant two bedroom 9th floor apartment requiring modernisation located in a popular area of Lee. Close to local amenities and transport links, with Lee train station providing regular services to London Bridge, Charing Cross, and Cannon Street. Ideal for owner occupation or letting investment with an estimated rent of £1,700 PCM, gross yield 13.6% PAX (depending on condition).

Mortgage finance: We advise bidders who require a mortgage to confirm with their Financial Advisor regarding the suitability of securing finance against this property prior to bidding.

Agent Details

John Payne, Lee

020 8016 2376

Next Steps?

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