2 Bed Terraced House, Refurb/BRRR, London, SE23 2EF, £600,000

Cibber Road, London, SE23 2EF - 1 views - 2 months ago

Sold STC
Refurb/BRRR
~68 m²
+5 photos

ValuationOvervalued

Sold Prices£350.6K - £750K
Sold Prices/m²£3.1K/m² - £9.7K/m²

 

 

Square Metres

~68.11 m²
Price/m²£8.8K/m²

Value Estimate

£418,200

 

 

End Value (After Refurb)

£459,598

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£150,000

Stamp Duty & Legal Fees

£36,700

Refurb Costs

£36,033

Bridging Loan Interest

£15,750

Total Cash In

£240,233

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£459,598

Mortgage (After Refinance)

£344,699

Mortgage LTV

75%

Cash Left In

£240,233

Equity

£114,900

Rent Range

£1,500 - £2,800

Rent Estimate

£1,928

Running Costs/mo

£1,842

Cashflow/mo

£86

Cashflow/yr

£1,034

ROI

0%

Gross Yield

4%

Local Sold Prices

50 sold prices from £350.6K to £750K, average is £549K. £3.1K/m² to £9.7K/m², average is £7.2K/m².

PriceDateDistanceAddressBeds 
£640K02/230.03 mi15, Cibber Road, London, Greater London SE23 2EF2
£495K08/220.05 mi1b, Loxton Road, Forest Hill, London, Greater London SE23 2ET2
£625K12/220.07 mi42, Vestris Road, London, Greater London SE23 2EE2
£590K06/210.1 mi46, Trilby Road, London, Greater London SE23 2DN2
£665K06/210.1 mi54, Trilby Road, London, Greater London SE23 2DN2
£605K10/210.12 mi87, Kemble Road, London, Greater London SE23 2DH2
£542K08/230.13 mi52, Shipman Road, London, Greater London SE23 2DR2
£617.2K11/210.13 miSt. Kevernes House, Cranston Road, London, Greater London SE23 2HB2
£515K04/210.23 mi1b, Gaynesford Road, London, Greater London SE23 2UQ2
£505K03/210.23 mi5, Gaynesford Road, London, Greater London SE23 2UQ2
£525.5K05/210.29 mi4, Montrose Way, London, Greater London SE23 2DG2
£750K03/220.29 mi32, St German's Road, London, Greater London SE23 1RJ2
£742K11/220.33 mi8, Rojack Road, London, Greater London SE23 2DF2
£615K06/210.34 mi59, Stanstead Road, London, Greater London SE23 1HG2
£545K03/210.38 mi6, Broxted Road, London, Greater London SE6 4EW2
£553K12/200.38 mi12, Broxted Road, London, Greater London SE6 4EW2
£615K03/210.38 mi11, Beadnell Road, London, Greater London SE23 1AA2
£625K08/230.45 mi19, Ebsworth Street, London, Greater London SE23 1ER2
£482K11/200.45 mi4, Acorn Way, London, Greater London SE23 2XU2
£428K06/230.45 mi7, Acorn Way, London, Greater London SE23 2XU2
£665K02/230.46 mi21a, Ebsworth Street, London, Greater London SE23 1ER2
£395K06/210.46 mi49, Garthorne Road, London, Greater London SE23 1EN2
£376K03/210.49 mi5, Oakham Close, London, Greater London SE6 4LQ2
£585K01/210.51 mi74, Ravensbourne Road, London, Greater London SE6 4UT2
£628.8K03/210.51 mi92, Ravensbourne Road, London, Greater London SE6 4UT2
£470K06/210.51 mi5, Blythe Hill Lane, London, Greater London SE6 4UF2
£350.6K05/230.52 mi27, Rutland Walk, London, Greater London SE6 4LG2
£492K05/230.52 mi31, Rutland Walk, London, Greater London SE6 4LG2
£510K06/210.52 mi49, Rutland Walk, London, Greater London SE6 4LG2
£415K11/230.52 mi29, Rutland Walk, London, Greater London SE6 4LG2
£465K03/210.53 mi11, Datchet Road, London, Greater London SE6 4BX2
£500K09/230.54 mi4, Castlands Road, London, Greater London SE6 4LN2
£723K09/210.54 mi4, Blythe Hill Lane, London, Greater London SE6 4UH2
£600K08/220.55 mi15a, Blythe Hill Lane, London, Greater London SE6 4UP2
£530K03/210.55 mi19, Blythe Hill Lane, London, Greater London SE6 4UP2
£555K05/230.55 mi14, Datchet Road, London, Greater London SE6 4BX2
£735K05/210.56 mi18, Duncombe Hill, London, Greater London SE23 1QB2
£540K02/210.59 mi53, Blythe Hill Lane, London, Greater London SE6 4UN2
£560.5K09/230.6 mi38, Tugela Street, London, Greater London SE6 4DG2
£590K01/230.6 mi18, Tugela Street, London, Greater London SE6 4DG2
£450K12/200.6 mi8, Rubens Street, London, Greater London SE6 4DH2
£418.5K08/230.65 mi2, Lessing Street, London, Greater London SE23 1DS2
£665K01/210.66 mi324, Devonshire Road, London, Greater London SE23 3TH2
£518K04/220.67 mi89, Codrington Hill, London, Greater London SE23 1LR2
£530K12/230.68 mi10, Suncroft Place, London, Greater London SE26 4RH2
£600K08/210.69 mi6, Surrey Mount, London, Greater London SE23 3PF2
£422.5K08/210.74 mi82, Highclere Street, London, Greater London SE26 4ET2
£464.5K11/200.78 mi9, Sydenham Park, London, Greater London SE26 4EE2
£590K12/220.78 mi58, Larkbere Road, London, Greater London SE26 4HB2
£585K09/210.79 mi22, Highclere Street, London, Greater London SE26 4EU2

Local Rents

48 rents from £1.5K/mo to £2.8K/mo, average is £1.9K/mo.

RentDateDistanceAddressBeds 
£2,20008/240.06 miColfe Road, SE232
£1,80008/240.07 miComo Road, Forest Hill, London, SE232
£1,95008/240.1 mi-2
£2,00002/250.11 mi-2
£1,80008/240.11 miCharlotte Parade, Shipman Road, London, SE232
£2,25009/240.12 miColfe Road Forest Hill SE232
£2,25008/240.12 miColfe Road, Forest Hill, London, SE232
£1,75002/250.14 mi-2
£1,60008/240.14 miSunderland Road, Forest Hill, SE232
£1,70009/240.14 miSunderland Road London SE232
£1,77508/240.15 mi-2
£1,80002/240.15 mi-2
£1,60008/240.15 miCranston Road, Forest Hill, SE232
£2,15008/240.16 miKilmorie Road London SE232
£2,80008/240.17 miVancouver Road, SE232
£2,10004/250.2 mi-2
£2,00003/250.21 mi-2
£2,10008/240.21 miElsinore Road, London, SE232
£2,05002/240.21 mi-2
£2,10009/240.21 mi-2
£2,10001/250.21 mi-2
£1,90008/240.21 miElsinore Road, London, SE232
£2,50003/250.21 mi-2
£2,20003/250.21 mi-2
£1,90011/240.22 mi-2
£1,65008/240.22 miStanstead Road, London, SE232
£2,20003/250.22 mi-2
£1,80003/250.22 mi-2
£1,50008/240.23 miSunderland Road Forest Hill SE232
£1,85008/240.23 miElsinore Road, SE232
£1,99509/240.23 miElsinore Road2
£1,85002/240.23 mi-2
£1,65009/240.23 mi-2
£1,95008/240.24 miWaldram Park Road, Forest Hill, London, SE232
£1,70010/240.24 mi-2
£1,70004/250.24 mi-2
£1,70008/240.24 miStanstead Road, London, SE232
£2,10008/240.24 miWaldram Park Road London SE232
£1,60008/240.24 miWaldram Park Road, Forest Hill, SE232
£1,80002/250.24 mi-2
£1,75008/240.25 miElsinore Road, London, SE232
£1,70008/240.25 miWaldram Park Road, London2
£2,20008/240.25 mi-2
£1,80008/240.25 mi-2
£2,15008/240.25 mi-2
£1,90001/250.26 mi-2
£1,90001/250.26 mi-2
£1,85011/230.26 miPerry Vale, London, SE232

Local Area Statistics

Population in SE23

33,682

Population in London

4,771,921

Town centre distance

6.69 miles away

Nearest school

0.20 miles away

Nearest train station

0.39 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+13%

Sales demand

Balanced market

Capital growth (5yrs)

+4%

Property History

Listed for £600,000

February 10, 2025

Floor Plans

Description

This charming 2-bedroom Victorian house offers a fantastic opportunity to embrace character-filled living in a desirable area. Located in the heart of SE23, this property is offered chain-free, making it an ideal choice for those looking for a smooth and swift move.

The house retains much of its original charm, with period features such as high ceilings, sash windows, and exposed floorboards, creating a warm and inviting atmosphere throughout. The spacious living room is the perfect space to relax, while the separate kitchen is well-equipped and offers ample potential for renovation or personal touches.

Upstairs, you’ll find two generously sized bedrooms, each offering plenty of natural light and charming details that add to the home's appeal. The family bathroom is conveniently located on the first floor.

The rear garden provides a peaceful outdoor space, perfect for enjoying the outdoors, entertaining, or simply unwinding.

Situated in a sought-after location, this home is close to local amenities, green spaces, and transport links, making it ideal for both commuters and those seeking a vibrant community. With no onward chain, this home is ready for its next owner to move in and make it their own.

Location:
Transport Links:

Forest Hill Station: Approximately 0.4 miles away, providing direct connections to London Bridge and London Victoria stations via the London Overground and National Rail services.

Honor Oak Park Station: Located about 0.8 miles from the property, offering additional transport options for commuters.

Local Amenities:

Supermarkets: While there are no supermarkets within 0.5 miles, there are several food stores, including ASK Prime Food & Wine and Jagiellos, both approximately 0.2 miles away.

Parks: The area is home to several green spaces, including Mayow Park, offering recreational facilities and a tranquil environment.

Schools: The property is within the catchment area of several reputable schools, making it an ideal location for families.

Agent Details

Winkworth, Forest Hill

020 3856 4168

Next Steps?

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