2 Bed Flat, Refurb/BRRR, London, SE15 2HU, £650,000

Lausanne Road, Peckham, London, SE15 2HU - 2 months ago

Leasehold
Refurb/BRRR
~68 m²
+3 photos

ValuationOvervalued

Sold Prices£312.5K - £780K
Sold Prices/m²£5K/m² - £14.8K/m²

 

 

Square Metres

~68.11 m²
Price/m²£9.5K/m²

Value Estimate

£456,580

 

 

End Value (After Refurb)

£506,934

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£162,500

Stamp Duty & Legal Fees

£53,700

Refurb Costs

£36,173

Bridging Loan Interest

£17,063

Total Cash In

£271,186

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£506,934

Mortgage (After Refinance)

£380,200

Mortgage LTV

75%

Cash Left In

£271,186

Equity

£126,733

Rent Range

£1,500 - £8,000

Rent Estimate

£2,146

Running Costs/mo

£2,033

Cashflow/mo

£113

Cashflow/yr

£1,352

ROI

0%

Gross Yield

4%

Local Sold Prices

50 sold prices from £312.5K to £780K, average is £452.5K. £5K/m² to £14.8K/m², average is £6.8K/m².

PriceDateDistanceAddressBeds 
£780K05/230.06 miFlat 18, Pioneer Centre, Frobisher Place, London, Greater London SE15 2EE2
£750K02/210.06 miFlat 15, Pioneer Centre, Frobisher Place, London, Greater London SE15 2EE2
£615K07/210.11 mi76b, Lausanne Road, London, Greater London SE15 2JB2
£395K02/230.12 mi29a, St Marys Road, London, Greater London SE15 2EA2
£410K08/210.13 miFlat 9, Ernest Simmonds House, Dennetts Road, London, Greater London SE14 5LN2
£455K10/200.16 miGarden Flat, 18b, Waller Road, London, Greater London SE14 5LA2
£450K04/230.16 mi48a, Waller Road, New Cross, London, Greater London SE14 5LA2
£387.5K06/210.18 mi9, Evelina Road, London, Greater London SE15 2DX2
£430K07/230.18 mi15, Evelina Road, London, Greater London SE15 2DX2
£390K06/210.21 miFlat 2, Elliott House, Arbuthnot Road, London, Greater London SE14 5LT2
£440.5K10/200.21 miFlat 5, Elliott House, Arbuthnot Road, London, Greater London SE14 5LT2
£600K03/210.21 mi77b, Waller Road, New Cross, London, Greater London SE14 5LB2
£610K10/210.21 mi85b, Waller Road, London, Greater London SE14 5LB2
£555K03/210.21 mi96c, Waller Road, New Cross, London, Greater London SE14 5LY2
£337.5K10/200.27 miFlat 8, Cedar House, Erlanger Road, London, Greater London SE14 5TB2
£340K12/200.27 miFlat 66, Juniper House, Pomeroy Street, London, Greater London SE14 5BY2
£477.5K12/200.27 mi117b, Brayards Road, London, Greater London SE15 2BX2
£618.5K06/210.29 miGround And First Floor Flat, 180, Waller Road, New Cross, London, Greater London SE14 5LU2
£312.5K06/210.29 miFlat 2, Hammond House, Lubbock Street, London, Greater London SE14 5HY2
£535K07/230.29 mi30, Kender Street, London, Greater London SE14 5JG2
£460K12/220.31 mi26, Pepys Road, London, Greater London SE14 5SB2
£650K01/230.32 mi37b, Pepys Road, London, Greater London SE14 5SA2
£607.5K03/210.33 mi14a, Wroxton Road, London, Greater London SE15 2BN2
£505.8K06/230.33 mi146b, Erlanger Road, London, Greater London SE14 5TJ2
£470K09/210.34 mi108a, New Cross Road, London, Greater London SE14 5BA2
£345K05/210.34 miFlat 11, Station Court, Gibbon Road, London, Greater London SE15 2AP2
£360K06/210.35 mi97, Bath Close, London, Greater London SE15 2JT2
£402K03/230.35 mi47, Laburnum Close, London, Greater London SE15 2LJ2
£645K02/210.36 mi133a, Kirkwood Road, London, Greater London SE15 2BG2
£340K06/230.36 miFlat 5, Montpelier Court, Montpelier Road, London, Greater London SE15 2HA2
£500K05/210.37 mi217a, New Cross Road, London, Greater London SE14 5UH2
£365K03/230.38 mi12, Symons Close, London, Greater London SE15 3SF2
£365K03/210.39 mi33, Blanch Close, London, Greater London SE15 2LD2
£341.5K04/230.39 miFirst Floor, 85, Pepys Road, London, Greater London SE14 5SE2
£385K09/210.4 mi14, Beacon Gate, London, Greater London SE14 5UB2
£335K03/210.4 mi3, Beacon Gate, London, Greater London SE14 5UB2
£495.9K03/210.41 mi11a, Drakefell Road, Brockley, London, Greater London SE14 5SL2
£320K03/210.41 miFlat 18, St. Asaph Court, St Asaph Road, London, Greater London SE4 2EE2
£730K06/210.42 mi22a, Ommaney Road, London, Greater London SE14 5NT2
£500K02/210.42 mi5a, Musgrove Road, London, Greater London SE14 5PP2
£418K02/210.43 mi64a, Billington Road, London, Greater London SE14 5QQ2
£342K03/210.43 mi8b, Billington Road, London, Greater London SE14 5QQ2
£480K04/230.43 mi18a, Billington Road, London, Greater London SE14 5QQ2
£640K03/210.47 mi49a, Drakefell Road, London, Greater London SE14 5SH2
£425K01/210.47 mi22, Meeting House Lane, London, Greater London SE15 2UN2
£478.9K06/230.47 mi31, Clifton Crescent, London, Greater London SE15 2RX2
£430.5K03/210.47 mi22, Clifton Crescent, London, Greater London SE15 2RX2
£515K10/200.48 mi18b, Egmont Street, London, Greater London SE14 5QJ2
£435K01/230.5 miFlat B, 80, Jerningham Road, London, Greater London SE14 5NW2
£540K10/200.51 mi24, Jerningham Road, London, Greater London SE14 5NX2

Local Rents

49 rents from £1.5K/mo to £8K/mo, average is £2.1K/mo.

RentDateDistanceAddressBeds 
£2,85008/240.05 miPioneer Centre, London, SE152
£2,85009/240.05 mi-2
£2,85008/240.06 miFrobisher Place, Peckham, London, SE152
£1,70008/240.07 miGautrey Road, London, SE152
£1,87509/240.08 mi-2
£2,40008/240.09 miQueens Road, Peckham, London, SE152
£1,85008/240.09 miQueens Road Peckham SE152
£1,70008/240.1 miGautrey Road, Nunhead2
£2,30003/250.12 mi-2
£1,85008/240.14 miGautrey Road2
£2,20008/240.15 miPomeroy Street New Cross SE142
£2,65008/240.16 miAssembly Apartments2
£2,00010/240.16 mi-2
£3,03303/250.16 mi-2
£1,95011/240.18 mi-2
£1,85011/240.18 mi-2
£2,10008/240.18 miLavender House, London, SE152
£2,15002/250.18 mi-2
£2,35002/240.19 mi-2
£2,25002/240.19 mi-2
£2,25008/240.19 mi-2
£2,30008/240.19 miArbuthnot Road, New cross2
£1,75008/240.2 miYork Grove, London2
£1,57508/240.2 miAssembly Apartments, 24 York Grove, London, SE152
£1,60009/240.2 mi-2
£1,75008/240.21 miAstbury Road, Peckham, SE152
£1,55008/240.21 miWaller Road, London, SE142
£2,70002/240.21 mi-2
£2,10008/240.22 miAnsdell Road London SE152
£2,00008/240.22 miQueens Road, Peckham, London, SE152
£2,25008/240.23 miQueens Road, Peckham2
£2,10008/240.24 miLugard Road London SE152
£1,79508/240.24 miKender Street, London, SE142
£8,00004/250.25 mi-2
£1,85008/240.26 miGibbon Road, London SE152
£1,85002/240.26 mi-2
£2,05002/240.26 mi-2
£2,60008/240.26 miGellatly Road, London2
£1,75008/240.26 miQueens Road, London, SE142
£2,14508/240.26 mi139 Queens Road Peckham SE152
£2,10008/240.26 miQueens Road, Telegraph Hill, SE142
£1,50003/250.27 mi-2
£3,25012/240.27 mi-2
£2,50012/240.27 mi-2
£2,20008/240.27 miBrayards Road, London, SE152
£1,85008/240.27 miBrayards Road London SE152
£1,75002/240.28 mi-2
£2,00002/240.28 mi-2
£2,37501/250.28 mi-2

Local Area Statistics

Population in SE15

63,647

Population in London

4,771,921

Town centre distance

4.50 miles away

Nearest school

0.20 miles away

Nearest train station

0.23 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+15%

Sales demand

Balanced market

Capital growth (5yrs)

+10%

Property History

Price changed to £650,000

March 25, 2025

Listed for £675,000

February 13, 2025

Floor Plans

Description

  • Two double bedrooms +
  • Victorian conversion +
  • Recently renovated +
  • Impressive 123ft South-West facing private garden +
  • High quality finish +
  • Chain Free +
  • Sought after location +

A stunning, fully refurbished two bedroom Victorian ground floor garden flat, turnkey ready and offered chain free on the sought after Lausanne Road.

Recently undergoing a complete renovation, the property now boasts a brand new rear extension, creating a bright and spacious open plan living and kitchen area. Full-width bi-folding doors open onto an impressive 123 foot, south west facing, private garden, seamlessly blending indoor and outdoor living. The newly fitted kitchen has been finished to a high standard, complementing the stylish and contemporary design throughout. The property offers two double bedrooms, with the principal bedroom featuring generous proportions, charming bay windows, and plenty of character. A modern family bathroom, complete with high quality fixtures and fittings, completes the home. Additional benefits include a cellar for storage and a small outdoor courtyard.

Perfectly positioned for enjoying the best of Nunhead and Peckham, Lausanne Road offers easy access to the area's vibrant mix of restaurants, cafés, and independent shops. The property is within walking distance of Nunhead Station and Queens Road stations, providing excellent transport links to London Bridge, Canary Wharf, the City, and Blackfriars. The local area is home to renowned spots such as award winners Kudu and Peckham Cellars, alongside favourites like Hummingbird Bakery and Well & Fed. Nearby green spaces, include Peckham Rye Common, Telegraph Hill, and Nunhead Cemetery.

EPC: D | Council Tax Band: B | Lease: 106 years remaining | SC: As and When | GR: £100 | BI: TBC

Agent Details

Pedder, Peckham

020 3909 6736

Next Steps?

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